US-based Multi Packaging Solutions (MPS) has signed a definitive purchase agreement with CD CARTONDRUCK in Germany.
The purchase offers significant advantages for current and future customers by streamlining the global supply chain and enhancing product and technology innovation.
MPS CEO Marc Shore said the partnership is expected to create a global manufacturing platform offering a range of products, design resources, print technologies, and manufacturing capabilities.
CARTONDRUCK head of marketing and sales Steffen Schnizer said the partnership will provide them with additional resources to expand the offering in Poland, Germany, and the US.
The parties have not disclosed the financial terms of the transaction.
CARTONDRUCK manufactures packaging for the cosmetics, confectionery, consumer, and healthcare markets in Europe and the US.
Multi Packaging Solutions manufactures print and packaging for the cosmetics, healthcare, horticulture, media, and consumer markets.