Multi-Color Corporation (NASDAQ:LABL) is a premier global resource of packaging services and decorating solutions. From graphics to product placement on the shelf, Multi-Color Corporation helps consumer product companies, national retailers, and container manufacturers sell their finest packages worldwide. The $222 million (fiscal year 2007) company provides innovative decorating solutions to many of the world’s largest consumer goods companies. Its customers include the leading producers of health and beauty, food and beverage, personal care, automotive and household consumer brands.
Multi-Color Corporation has grown through a series of mergers and acquisitions and, consequently, faced the challenges associated with managing five different plants running on disparate and, in some cases, manual systems. In 2004, the organization implemented the PECAS Vision Solution for Packaging, developed by Radius Solutions, a Progress® Application Partner, to standardize operations across all of its plants in order to maximize efficiencies and gain visibility across the entire production process.
As part of the company’s continued growth strategy, Multi-Color Corporation acquired NorthStar Print Group, Inc., in 2005. According to Greg Myers, Vice President, Information Technology, for Multi-Color Corporation, for the organization to realize the full potential of its acquisition, it was imperative that they integrate the three NorthStar plants to enable transactions and visibility across all eight plants.
“Generally speaking, we were trying to standardize on a single ERP/MIS solution and embrace best practices across all facilities, in order to leverage the skill set and information we already had in place. This included common reporting from all plants in order to gain insight into the acquired plants’ operations and to enable us to better utilize all available capacity for optimized performance,” explains Myers.
“We were also driven by the need to mitigate our risk. The existing systems within the NorthStar plants were relatively old and had little support. We needed to eliminate systems where the risk of failure with a difficult recovery process was a real possibility.”
“Finally, compliance is very important to our organization,” continues Myers. “We are a publicly traded company and are mandated to meet Sarbanes-Oxley (SOX) and other financial requirements. It is crucial that we have control over and visibility into our processes and information.”