M&A Deal Summary

Multi-Color Acquires Fort Dearborn

On July 2, 2021, Multi-Color acquired packaging company Fort Dearborn from Advent International

Acquisition Highlights
  • This is Multi-Color’s 13th transaction in the Packaging sector.
  • This is Multi-Color’s 4th transaction in the United States.
  • This is Multi-Color’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-07-02
Target Fort Dearborn
Sector Packaging
Buyer(s) Multi-Color
Sellers(s) Advent International
Deal Type Merger
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Fort Dearborn

Elk Grove, Illinois, United States
Fort Dearborn is a supplier of high-impact decorative labels for the beverage, food, household products, paint and coatings, personal care, private label/retail, and spirits markets. Fort Dearborn is headquartered in Elk Grove, Illinois.

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Buyer(S) 1

Buyer

Multi-Color

Batavia, Ohio, United States
Category Company
Founded 1916
Sector Packaging
Employees3,550
Revenue 1.3B USD (2018)
DESCRIPTION

Multi-Color is a provider of label solutions supporting a number of brands including leading producers of home and personal care, wine and spirit, food and beverage and specialty consumer products. MCC serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut and Stack, In-Mold, Shrink Sleeve and Heat Transfer. Multi-Color was founded in 1916 and is based in Batavia, Ohio.

DEAL STATS #
Overall 15 of 18
Sector (Packaging) 13 of 15
Type (Merger) 2 of 2
State (Illinois) 1 of 1
Country (United States) 4 of 5
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Herrods

Box Hill North, Australia

Herrods is a high-growth labeling technology in which pre-printed labels are inserted into a packaging mold during a container’s manufacturing process, creating a fully recyclable, cost-effective, durable, and consistent product. Herrods was founded in 1963 and is based in Box Hill North, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Hexagon

Auckland, New Zealand

Hexagon is a privately-owned holding company for independent label manufacturing businesses Adhesif Labels (AKL, SYD), Hally Labels (AKL, BNE, CHC, SYD), Kiwi Labels (CHC), and Rapid Labels (AKL). Specialist narrow-web converters of labels, shrink sleeves and linerless wraps. Hexagon is based in Auckland, New Zealand.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 197 of 222
Sector (Packaging) 2 of 2
Type (Merger) 9 of 11
State (Illinois) 4 of 5
Country (United States) 68 of 80
Year (2021) 10 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Hoist Group

Stockholm, Sweden

Hoist Group provides technology solutions to hotels, enabling them to manage coherent end-to-end digital journeys for their guests. Hoist Group optimizes guest services by correlating and analyzing the data that comes from its innovative Property Management & Booking Software, Managed IP Networks, Internet and TV as well as from many other digital touchpoints. Hoist Group was formed in 1994 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Allnex

Frankfurt, Germany

Allnex is a global producer of coating resins and additives for architectural, industrial, protective, automotive, and special purpose coatings and inks. The company is recognized as a specialty chemical pioneer and offers an extensive range of products including innovative liquid resins and additives, radiation-cured and powder coating resins, and additives and crosslinkers for use on wood, metal, plastic, and other surfaces. Allnex was formed in 2013 and is based in Bergen op Frankfurt, Germany.

Sell €4.0B
Mergr

Product

Company

Legal