SHARONVILLE, Ohio, Oct. 22 /PRNewswire-FirstCall/ -- Multi-Color Corporation (NASDAQ:LABL) today announced plans to expand its manufacturing operations with the purchase of a 247,000 sq. ft. building in Batavia, Ohio. Multi-Color is investing in this state-of-the-art facility to create a platform for the future in order to take full advantage of the long-term growth opportunities in the decorative label industry.

Multi-Color plans to consolidate its current Batavia, Ohio and Troy, Ohio operations into the new Batavia facility over the next several months. The Company also plans to transfer Batavia's existing 95 associates and have discussions with Troy's 25 associates regarding employment at the new facility. In addition, Multi-Color expects to create 83 additional jobs over the next three years as a part of its strategic growth initiative. By consolidating these operations into this new supercenter, Multi-Color will improve manufacturing efficiencies while expanding needed capacity for long- term growth.

In recent weeks, Multi-Color announced the purchase of three new presses, two of which will be located in this new building, a Combination Flexo Press and a Flexo Press. The Combination press will be the first of its kind in the United States. This wide-format press is custom-configured with flexographic, gravure, screen, and foil platforms, setting new industry standards for both print quality and productivity. While the additional Flexo press brings all the flexibility that consumer package goods companies are looking for in today's competitive marketplace; high quality flexo print, screen printing, lamination, and foil stamping.

"Today's business environment requires us to continuously look at ways to optimize our investment in manufacturing assets," said Frank Gerace, President and CEO of Multi-Color. "Consolidating our two existing plant operations into this world-class facility will allow us to reduce costs while being able to take advantage of new market opportunities. This move strengthens our competitive position and will enable us to attract the best talent for our future."

About Multi-Color (http://www.multicolorcorp.com)

Sharonville, Ohio based Multi-Color Corporation is a premier global resource of innovative decorating solutions to consumer product and food and beverage companies, national retailers and container manufacturers worldwide. Multi-Color is one of the world's largest producers of in-mold labels (IMLs) and heat transfer labels (HTLs), and a major manufacturer of high-quality cut- and-stack and pressure sensitive labels and shrink sleeves. Multi-Color has eight manufacturing locations in the United States. Its products are shipped to more than 650 customers in the United States, Canada, Mexico, and Central and South America.

Safe Harbor Statement

The Company believes certain statements contained in this report that are not historical facts constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Any forward-looking statement speaks only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

Statements concerning expected financial performance, on-going business strategies, and possible future actions which the Company intends to pursue in order to achieve strategic objectives constitute forward-looking information. Implementation of these strategies and the achievement of such financial performance are each subject to numerous conditions, uncertainties and risk factors. Factors which could cause actual performance by the Company to differ materially from these forward-looking statements include, without limitation, factors discussed in conjunction with a forward-looking statement; changes in general economic and business conditions; the ability to consummate and successfully integrate acquisitions; the success and financial condition of the Company's significant customers; competition; acceptance of new product offerings; changes in business strategy or plans; quality of management; the Company's ability to maintain an effective system of internal control; availability, terms and development of capital; cost and price changes; availability of raw materials; business abilities and judgment of personnel; changes in, or the failure to comply with, government regulations, legal proceedings and developments; increases in general interest rate levels affecting the Company's interest costs; and terrorism and political unrest. The Company undertakes no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise.

Source: Multi-Color Corporation