Applicant
Multi-Color (New Zealand) Holdings Pty Limited
Case number(s)
202100419
Decision date
Type
Decision
DecisionConsent granted
Section 13(1)(a) Overseas Investment Act 2005
Decision MakerOverseas Investment Office
Decision Date10 September 2021
Pathway(s)

Significant business assets only
National Interest assessment

InvestmentAcquisition of 100% of the shares in Hexagon Holdings Limited and its subsidiaries
ConsiderationWithheld under s 9(2)(b)(ii) of the Official Information Act 1982
ApplicantMulti-Color (New Zealand) Holdings Pty Limited
United States of America (36.9%)
Netherlands (12.8%)
Saudi Arabia (7.4%) 
Switzerland (6.6%) 
People’s Republic of China (4.8%) 
Japan (4.5%)
Finland (4.4%) 
Sweden (4.0%)
Denmark (3.0%)
Various (15.6%)
VendorShareholders of Hexagon Holdings Limited 
New Zealand (78.95%)
United States of America (15.51%)
Australia (3.50%)
United Arab Emirates (1.39%)
Various (0.66%)
Background

The Applicant is seeking consent to acquire 100% of the shares in Hexagon Holdings Limited (the Target) and its subsidiaries, which include four operating New Zealand-incorporated companies and two operating Australian-incorporated companies.

The larger Multi-Color Corporation Group is a global label solution provider and offers a comprehensive range of label technologies. 

The Target is a holding company for independent label manufacturing businesses in Australia and New Zealand.  These businesses predominantly supply pressure sensitive labels, shrink sleeve packaging, and linerless wraps. The Applicant intends to continue running the Target’s businesses in the same manner.

The Applicant has satisfied the OIO that the investor test has been met.

More information

Mark Stuart
MinterEllisonRuddWatts (Auckland)
PwC Tower Level 22 15 Customs Street
West Auckland 1010