(PR-inside.com) CINCINNATI, OHIO, May 2, 2011 - Multi-Color Corporation (MCC) is delighted to announce that it has entered into agreements to buy 70% ownership in two label operations in Latin America: one in Santiago, Chile and the other in Mendoza, Argentina with regional partner Mr. Fernando Aravena owning the remaining 30%. Mr. Aravena has over 25 years experience in the Latin American label industry as owner and manager of operations in Chile, Argentina, Mexico and Peru. MCC's initial investment is USD 3.7 million and is effective on May 2, 2011. Existing business assets will be transferred to two new companies, Collotype Labels (Chile) S.A. and Collotype Labels (Argentina) S.A.* ..
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