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Multi-Color Corporation -- Moody's places Multi-Color's ratings under review for downgrade

Moody's Investors Service ("Moody's") placed the Ba3 corporate family rating, Ba3-PD probability of default rating, and all instrument ratings of Multi-Color Corporation under review for downgrade. The review follows the announcement that Platinum Equity LLC, through a merger with its portfolio company, W/S Packaging Holdings, Inc., agreed to acquire Multi-Color Corporation. Upon consummation of the transaction, Multi-Color Corporation will become a wholly owned subsidiary of W/S Packaging Holdings, Inc. The transaction is subject to customary closing conditions, including shareholder approval, and is expected to close during the third calendar quarter of 2019.