Hexagon CEO Greg Howell will assist across an agreed transitional period. MCC’s enlarged Australasian group will be led by Daren Hudson, MCC president for Australia and New Zealand. Today’s announcement is the culmination of the efforts of all of our employees throughout our ownership and we are deeply grateful for their efforts.”īecause the acquisition is by way of a share sale, all existing arrangements with Hexagon employees, clients and suppliers will continue seamlessly. The MCC and Hexagon businesses are highly complementary, and we can see many opportunities for the combined business in the Australian and New Zealand markets. It will make fossil fuels cleaner, mining safer, manufacturing more efficient, buildings smarter and the future brighter for the next generation. It will improve our climate and protect our cities. While many think of autonomy as something that will drive our cars, we believe it will do so much more. We are delighted to be welcoming Hexagon’s staff, clients and suppliers to the MCC family.”Ĭlark Perkins, chairman, Hexagon Holdings, says, “We are proud to have established Hexagon and built its operations over the past eight years to be the leading manufacturer of self-adhesive labels in Australasia. Empowering an autonomous, sustainable future. Nigel Vinecombe, CEO, Multi-Color Corporation, comments, "Bringing these companies together creates an impressive Australasian network and clear market leadership in the region. It was registered on 1, the corporations bn is 873833370RC0001 and corporation number is 1762273. The transaction will complete when FIRB (AU) & OIO (NZ) foreign investment regulatory approvals have been confirmed, likely in Q3 2021. is a Non-distributing corporation with 50 or fewer shareholders corporation type, which located at Care of: T-D CENTRE T-DOMINION BANK TOWER SUITE 4800 TORONTO ON M5K 1E6 Canada. The deal is reported to worth A$381 million, and includes eight production facilities with around 500 employees. The acquisition includes Hexagon subsidiaries Hally Labels AU, Label Partners AU, Adhesif Labels NZ, Hally Labels NZ, Kiwi Labels NZ & Rapid Labels NZ. Multi-Color Corporation (MCC) and Hexagon Holdings have jointly announced that the parties have signed a binding sale and purchase agreement whereby MCC will acquire 100% of the shares in Hexagon.
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