NEW YORK (News Release) -- Multi Packaging Solutions International announced the completion of its acquisition of Paris Art Label Company, Inc., a manufacturer of labels and shrink sleeve products to the branded consumer marketplace in the United States.
The acquisition of Paris Art fits perfectly with MPS's previously announced strategy to expand its capability and presence in the label sector globally. Commenting on the acquisition, Marc Shore, CEO of MPS, said, "We are delighted to welcome the Paris Art team into the MPS family. Both companies share a common vision: to provide innovative products of the highest quality to our customers. Acquiring Paris Art is a significant step in enhancing our offering to our customers and achieving our strategic goals."
Ron Tarantino, president and owner of Paris Art stated, "We are proud of the high quality and innovative label and shrink print packaging we have designed and delivered to leading consumer and cosmetics customers for over 90 years and know that MPS will be an excellent home for our customers and employees. MPS is committed to investing additional capital to continue to support the operation. Additionally, I am pleased to say that I, and the Paris Art management team, will be staying on with the new entity going forward."