Multi-Color CEO in high spirits, expects "solid" Q4

Multi-Color Corp. (Nasdaq: LABL) CEO Frank Gerace is excited about the maker of decorative label’s recently announced acquisition of the Australia-based label maker Collotype International Holdings. Gerace made the comments during a midday conference call.

“It’s been our stated mission from day one to become a premier global supplier,” Gerace said. “With the acquisition of Collotype, I couldn’t ask for a more quality partner in our global strategy.”

Multi-Color paid $170 million in cash and stock for the Australian firm, which supplies labels to the wine and spirits industry. During the fall, Multi-Color invested in an expanded manufacturing facility in Union Township, Ohio.

“To have three presses in the new facility within a course of a week or two producing sellable product is nothing less than spectacular,” the chief executive said. “We have the people and talent in place to take Multi-Color to the next level.”

Gerace said Multi-Color, which supplies labels to the Miller Brewing Co., expects positive fourth-quarter results. He said there has been a significant increase in new orders over the last two weeks.

“I think last week, the number of orders entered in our system was an all-time record high since I’ve been here,” Gerace said. “I expect that we’re going to see a solid fourth quarter.”

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