On October 31, 2017, Multi-Color Corporation completed its previously announced acquisition pursuant to the sale and purchase agreement, dated as of July 16, 2017, by and among MCC, Constantia Flexibles Germany GmbH, Constantia Flexibles International GmbH, Constantia Flexibles Group GmbH and GPC Holdings B.V. MCC announced Simon Roberts' intent to retire from the Board of Directors contemporaneously with the consummation of the acquisition. On October 31, 2017, MCC consummated the Acquisition, and acknowledged Mr. Roberts' retirement effective as of such date. On October 31, 2017 the Board of Directors appointed Alex Baumgartner as a director of the company to serve in said capacity until the company's next annual meeting of shareholders and until his successor is elected and qualified. The appointment is effective as of the consummation of the acquisition and was agreed to by the company in connection with the Investors' Rights Agreement. Mr. Baumgartner has served as Chief Executive Officer of Constantia Flexibles Group GmbH since October 2015. Effective November 1, 2017, the company entered into an employment agreement with Mike Henry who served as the EVP Labels of Spear Group Holdings Limited, which was a subsidiary of Constantia Flexibles International GmbH prior to its acquisition by the company. The employment agreement reflects the appointment of Mr. Henry as the Chief Executive Officer-Elect of MCC. Mr. Henry held the EVP Labels position since June 2014. Prior to his service as EVP Labels, Mr. Henry served from September 1999 until June 2014 as Chief Financial Officer and Chief Operating Officer of SGH. The employment agreement contemplates that Mr. Henry will be appointed MCC's CEO effective January 1, 2018.

Effective October 31, 2017, the company, together with certain of its subsidiaries, entered into a credit agreement with various lenders, Bank of America, N.A., as Administrative Agent, Swing Line Lender and U.S. L/C Issuer and Citisecurities Limited, as Australian Administrative Agent, Citicorp International Limited, as Australian Collateral Agent, and Citibank, N.A., Sydney Branch as Australian L/C Issuer. The credit agreement replaces the company's existing credit facility and makes available to the company a senior secured first lien term loan A facility in an aggregate principal amount of $150 million, a senior secured first lien term loan B facility in an aggregate principal amount of $500 million, and a revolving credit facility in an aggregate principal amount up to $400 million, consisting of a $360 million U.S. revolving subfacility and a $40 million Australian dollar revolving subfacility. The credit agreement's term loan A facility, term loan B facility and U.S. revolving subfacility (together the U.S. facilities) will be guaranteed by substantially all of MCC's material direct and indirect wholly owned domestic subsidiaries, and such guarantors will pledge substantially all their assets as collateral to secure the U.S. facilities.