Multi-Color Corporation Acquires Herrods (Melbourne)

Multi-Color Corporation (MCC) has acquired Melbourne-based Herrods, a leading in-mold label (IML) provider in Australia and New Zealand, to expand MCC's IML network and establish a stronger foothold in the Asia Pacific region. Financial terms were not disclosed; Herrods will continue to operate under its existing brand and leadership and employs approximately 100 staff across three Melbourne sites. MCC is a portfolio company of Platinum Equity.