KRAKOW, Poland & NEW YORK--(BUSINESS WIRE)--Multi Packaging Solutions (“MPS”) and TAKT spółka z o.o. (“TAKT”) announced today that they have entered into a strategic alliance agreement to serve the European multi‐media market. MPS already serves the print and specialty packaging needs of the North American and European multi-media market, and this agreement will enhance its capabilities in Europe.
The alliance brings together the global footprint of MPS with the manufacturing and fulfillment capabilities of one of Europe’s leading home entertainment print and packaging enterprises. The group will supply a broad range of packaging, including printed folded cartons, labels, inserts/leaflets, rigid boxes, and specialist packaging.
Dennis Kaltman, President, Multi Packaging Solutions commented: “Aligning these two organizations will greatly benefit our customers by providing additional manufacturing and technological capabilities that will position us to match their needs with a broader range of products and operational flexibility. Our ability to produce these goods and services in the United States, Europe, and China provides our customers consistency on a global basis. We are very excited to bring the combined strengths of the two companies together as they will ensure our continued delivery of first class solutions to the European multi-media marketplace.”
Andrzej Mackiewicz, President of TAKT, said “I’m excited about the prospects this transaction offers for our collective customers, employees, and suppliers. Both companies have benefited from historically working together. Now that we are strategically aligned, we will continue to invest and serve the multi-media marketplace. The TAKT team is excited to bring the extensive global network of MPS to both existing and new customers of both enterprises.”
About MPS
Multi Packaging Solutions (“MPS”) is a leading global provider of value‐added packaging solutions to a diverse customer base across the healthcare, branded consumer, and multi-media 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 over 9,000 people. MPS is a portfolio company of Carlyle Group and of Madison Dearborn Partners, LLC. For more information, please visit www.multipkg.com.
About TAKT
TAKT spółka z o.o. is one of the largest European CD, DVD, rigid packaging, and books manufacturer servicing a wide customer base in the Home Entertainment sector. The company is located in Boleslaw in the Southern part of Poland. TAKT has with 420 employees working 24/7 to supply music labels, studios, games developers, and book and press publishers in the complex, state of the art products. For more info please visit www.TAKT.eu
Forward‐Looking Statements
This press release contains forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated consequences and benefits of the transaction described herein, our expectations with respect to future growth prospects and the impact of the transaction on our operations and financial performance, and other information and statements that are not historical fact. These forward‐looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These forward‐looking statements speak only as of the date of this release. We expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward‐looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
