Arntzen de Besche has assisted Skanem with the sale of subsidiaries to Multi-Color Corporation

We are proud to have assisted Skanem Group with the sale of their labeling business in Europe and Thailand to Multi-Color Corporation, which is one of the world's largest product labeling companies.

Skanem Group has its headquarter in Stavanger, and is an international supplier of product labelling in industries such as food, personal care, household goods and automotive.

Executive chairman of Skanem Group, Ole Rugland, states the following in a press release:

- Over the past 20 years, we have built a profitable and competitive labeling business in Europe, India, Africa and Southeast Asia. By joining a global player like MCC, we saw great opportunities for further growth for our businesses in Europe and Southeast Asia. In these regions, MCC and Skanem are highly complementary, and we believe this will create new opportunities for employees and add value to our customers. The Skanem Group will continue to invest in India and Africa, where we see exciting opportunities for further growth and expansion.

The transaction was announced on September 30 and is expected to be completed during Q4 2021.

Our core team consisted of Per Kristian Ramsland, Daniel Antonsson, Christopher Hestnes, Magnus Høegh Krohn Viddal and Svein Terje Tveit.



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