Multi Packaging Solutions to acquire CD CARTONDRUCK

Multi Packaging Solutions Inc., a manufacturer of print and packaging for the horticulture, cosmetics, healthcare, media and consumer markets, has signed a purchase agreement with CD CARTONDRUCK, headquartered in Obersulm, Germany.
CARTONDRUCK is a leading manufacturer of premium packaging for the cosmetics,
confectionery, consumer and healthcare markets in Europe and the U.S. . The purchase offers significant advantages for current and future customers by streamlining the global supply chain and enhancing product and technology innovation.
Steffen and Marc Schnizer, the managing partners at CARTONRUCK, will continue to have responsibility for the European operations and will be important members of the Multi Packaging Solutions management team. As part of the transaction, they have also become shareholders of Multi Packaging Solutions.
With the addition of CARTONDRUCK, Multi Packaging Solutions, which is a portfolio company of Irving Place Capital, has 18 manufacturing locations in the U.S. and Europe.