Multi Packaging Solutions, Inc. (“MPS”), a specialty print and packaging company, and a portfolio company of Bear Stearns Merchant Banking (“BSMB”), today announced that it has completed the acquisition of Great Western Industries (“GWI”).
Great Western Industries, headquartered in Dallas, TX, is a leading supplier of print and packaging to the Cosmetics, Fragrance, Consumer, and Media markets. The acquisition provides GWI with resources that will be used to expand the business and offers MPS complementary technology and capacity to support its growing customer base. Terms of the transaction were not disclosed.
Marc Shore, Chief Executive Officer of MPS commented, “Great Western Industries has a diverse range of capabilities and technologies that enhances our ability to deliver on our promise to customers of total packaging solutions. We look forward to working with their extremely talented management team.”
Brian Mason, Chief Executive Officer of Great Western Industries stated, “We are excited about this next phase of our growth. Our goal is to build the combined companies into a preeminent provider of value-added products and services for our target markets.”
About Multi Packaging Solutions
Multi Packaging Solutions (“MPS”) is a leading global provider of value-added packaging solutions to a diverse customer base across the healthcare and branded consumer markets. MPS provides customers with an extensive array of print-based specialty packaging, including premium folding cartons, labels, inserts/leaflets, and specialty packaging across a variety of substrates and finishes. The company has 60 manufacturing locations in North America, Asia and Europe and employs approximately 8,800 people. MPS is listed on the New York Stock Exchange. For more information, please visit www.multipkg.com.
About Great Western Industries:
Great Western Industries is specialty print and packaging company that serves the cosmetics, fragrance, consumer, and media markets. Their facility in Dallas, TX, features state-of-the-art printing and finishing equipment, including conventional, silkscreen, and UV presses. More information on Great Western Industries can be found at www.gwiinc.com.
BSMB, the private equity affiliate of The Bear Stearns Companies Inc. (NYSE: BSC) invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Since its formation in 1997, BSMB has been an investor in 67 portfolio companies. BSMB manages over $5 billion of private equity capital. More information about BSMB is available at www.bsmb.com.
Media Contact (Europe-Asia)
Marketing Communications Director – Europe & Asia
Tel: +44 1635 290521
Media Contact (North America)
Marketing Communications Manager – NA
Tel: +1 646 834 1527