March 11, 2015
Multi-Color Corporation has announced plans to consolidate its heat transfer label (HTL) manufacturing facility located in Framingham, Massachusetts into its other existing facilities. The transition will begin immediately with final plant closure within the next several months.
"This is another step forward in the continuing optimization of our manufacturing assets," said Frank Gerace, President and CEO of Multi-Color. "These actions will strengthen our competitive position by reducing fixed costs and increasing manufacturing efficiencies. While this plant closing is a difficult business decision, it is a necessary step that the Company must take to align our manufacturing capacity and fixed cost structure to match current market conditions. I would like to thank all of our Framingham associates for their hard work and commitment to provide quality products to our customers."
Source: Multi-Color Corporation
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