Multi-Color Corporation (MCC), a label solutions company based in Chicago, Illinois, announced the acquisition of Korsini, a provider of in-mold label (IML) solutions based in Izmir, Turkey. Financial terms of the transaction were not disclosed.
IML is a high-growth labeling technology in which preprinted labels are inserted into a packaging mold during a container’s manufacturing process, creating a fully recyclable, cost-effective, durable and consistent product.
“We strongly believe in the potential of IML technology, and Korsini has proven over the past decades to be a strong and innovative company at the forefront of continuous development of IML solutions,” said Kevin Kwilinski, CEO of MCC.
Korsini, originally founded as “Fratelli Corsini” in 1902, rapidly grew after its merger with the Korozo group as one of the co-leaders in the IML market. Enrico Corsini, chairman and CEO of Korsini, called MCC the preferred partner for large and small brands seeking to build brand equity.
“Joining forces with MCC will open up new opportunities for local and international growth, while allowing us to retain day-to-day control of our operations. We’ll continue delivering the high standards of quality and customer service our clients expect,” Corsini said.
Learn more at www.mcclabel.com and www.korsini.com.
