innovationwork

2005 Annual Report

Cincinnati, OH based Multi-ColorCorporation is a premier globalresource of innovative decoratingsolutions and packaging services toconsumer product and food andbeverage companies, nationalretailers, and container manufac-turers worldwide. Multi-Color is theworld’s largest producer of both in-mold labels (IML) and heattransfer labels (HTL), and a majormanufacturer of high-end cut andstack and pressure-sensitive labels,and shrink sleeves. The Company’sPackaging Services Division, Quick Pak, is a leading provider ofpromotional packaging, assembly,and fulfillment services. Multi-Colorhas nine manufacturing locations inthe United States. Its products areshipped to more than 650customers in the United States,Canada, Mexico, and Central andSouth America.

Net Sales($ in millions)

Net Income($ in millions)

Diluted EarningsPer Share(in dollars)

Fiscal 2005 Financial Highlights

> Net sales increased 10% to a record $139 million, our thirdconsecutive year of double digitannual increases.

> Net Income grew 23% to $8 millionon the strength of improvedmanufacturing efficiencies and ourrecent NorthStar Print Group (NSPG)acquisition.

> Earnings Per Share (EPS) increased22% from a year ago to $1.21.

> Shareholder Equity increased 31% to$43 million.

> We generated $13 million inOperating Cash Flow, an improvementof 26% over the prior year.

Year ended 2005 2004 2003 2002 2001

Net Sales $ 139,466 $126,961 $99,560 $72,624 $66,618

Net Income $ 7,982 $ 6,506 $ 6,335 $ 4,699 $ 3,559

Diluted Earnings Per Share(1) $ 1.21 $ 0.99 $ 0.99 $ 0.76 $ 0.61

(1) All share amounts have been adjusted to reflect the 3-for-2 stock splits effective November 30, 2001 and November 30, 2003.

66.672.6

99.6

127.0

01 02 03 04 05

3.6

4.7

6.36.5

01 02 03 04 05

.61

.76

.99 .99

139.5 8.0 1.21

01 02 03 04 05

(amounts in thousands except per share data)

Pressure-Sensitive Labels The largest category in the overall label market becauseof their simple self-adhesive qualities, pressure-sensitive labels offer Multi-Color significant growthopportunities. We innovate the category by addingcompelling marketing features like peel and reseallabels, promotional peel-away coupon capabilities, and clear films.

Cut & StackOur most recent decorating technology acquisition,cut and stack paper and film labels are applied toglass, plastic and metal containers. They are acost-effective solution for high-volume food andbeverage products, and the label of choice forglass and plastic beer bottles the world over.

In-Mold Labels (IML) As the inventor of IMLs for blow molded andinjection molded containers, Multi-Color is theleader in technology and market share. IMLs are placed into the container mold in line, making them one with the container. We continue to lead in the category by addingstronger, lighter weight substrates, peel-awaycoupons, and other innovative features.

Heat Transfer Labels (HTL) Multi-Color is the market leader in this labelcategory. By transferring ink directly onto thecontainer surface by heat and pressure, HTL’s“no label” look offers customers limitlessdecorating approaches and vivid imagery. Heattransfer applications are desirable for many health and beauty, food and beverage, and homecare products.

Shrink Sleeves Shrink sleeve’s growing popularity is evident in food and beverage and health and beauty productpackaging where 360-degree brand appeal is amarketing advantage. Produced as sleeves, thesecolorful labels are slid onto containers and heated toconform precisely to the contours of the containers.

Packaging Services Our Packaging Services Division is a leading provider of high-volume contract packaging services. Known to the markets we serve as Quick Pak, our promotionalpackaging, custom assembly, and turnkey project management resources help national retailers and consumerproduct manufacturers innovate their product promotions and merchandising campaigns.

Broader Range of Innovative Solutions at Work

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In a year marked by record earnings,significant operational improvements,and our largest acquisition to date, Multi-Color demonstrated itscommitment to achieve predictable,consistent performance. Ourgrowth and financial success arethe result of a clearly definedstrategy executed by our

innovative, hard-workingassociates.

Striving to Achieve Long-term Growth

Today Multi-Color is funda-mentally a more predictable

growth company than just threeyears ago. Our Value Proposition,propelled by four strategic acquisitions since 2002, offersour customers an unparalleledrange of decorating solutions tosupport brand design and productinnovation for national and globalconsumer products companies.

As a result, we are able tocapitalize on more opportunities in more

segments of the consumer packagingmarket than ever. The flexibility of ourportfolio of decorating solutions,combined with application expertise,continues to differentiate us in themarketplace, giving relevance to ourbusiness model.

As we grow, our goal is to create valuefor our shareholders and customers.

Evidence of Value for our Shareholders:

> Shareholder Equity increased 31% to $43 million in 2005.

> Declared first-ever dividend of $.20 pershare on an annual basis.

> The share price of your Multi-Color stockhas grown 83% in the last two years;101% in the last three years.

Evidence of Value for our Customers:

> Received supplier of the year awardsfrom two major customers—Unilever and Miller Brewing Co.

> Recipient of Gold and Diamond Awardsat the 17th Annual DuPont Awards forInnovation in Packaging.

> Assisted numerous customers with new product launches in record time.

Innovation at Work As we concentrate on optimizing the

value our products and services createfor our customers, innovation has beenand will be the driving factor. We defineinnovation as “Changing the way we dothings in order to get a better result.”

We will use innovation to increasesales by improving the performance ofour products. In turn, this will support the design needs of the products our customers sell to consumers, thusenhancing the consumer experience.

We will use innovation to reduce costsin every area of our business.

I am pleased to report to you on Multi-Color’s seventhconsecutive year of increased sales and operatingincome. Throughout fiscal 2005, we continued toposition ourselves for future, sustainable growth.

Dear Fellow Shareholders,

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Innovation at Work Produces 2005 Highlights

Acquired NorthStar Print Group, Inc. in January 2005, our seventh andlargest acquisition since 1999.NorthStar adds new dimensions to our product and market mix throughtechnologically-advanced labelsolutions for such global customers as Miller Brewing Co., Kraft Foods,Exxon-Mobil, Procter & Gamble, and others.

Started up new state-of-the-art, $5 million, 10-colorrotogravure printing press in September 2004 at ourScottsburg, Indiana facility. Thepress adds to the plant’s currentdaily production of over nine millionin-mold and shrink sleeve labels.

Commenced the integrationof a $2 million managementinformation system throughout all Company facilitiesstarting in October 2004. Thesystem provides access to real-timeproduction data, supply chainmanagement, and dynamicscheduling for customer projectsacross all business lines.

Multi-Color Board declared the Company’s first quarterlycash dividend of five cents per common share based on our consistently strong cash flow and confidence in higher operatingperformance going forward.

Multi-Color now ranks as one ofNorth America’s top three labelproducers in size and technology.

We have also used innovation by installingstate-of-the-art equipment, such as ournew gravure printing press in Scottsburg,Indiana, and by implementing our newinformation system across our business.

Over the past year, we havestrengthened our management capabilitywith people who continuously strive forways to achieve better results.

By focusing on these key elements ofour business, and by pursuing a selectiveacquisition strategy, we believe we canmore than double our business within thenext five years.

Leveraging Value in the MarketplaceWe have spent the last five years

building a portfolio of products and theinfrastructure to deliver them, creating an extraordinarily compelling valueproposition. We made good progress byexpanding our customer base in 2005,however we need to do better.

Fiscal 2006 will be characterized by are-doubling of our marketing efforts. By integrating a marketing mentality ineverything we do, we will broaden ourperspective of the marketplace.

The combination of Multi-Color andNorthStar Print Group creates a $200million growth engine that gives us theopportunity to leverage our capabilitiesand resources.

Meaningful Cost Reduction During the first half of fiscal 2005,

we completed the integration of shrinksleeve technology into our Scottsburg,Indiana facility. This manufacturing consolidation plan improved assetutilization and reduced fixed costs, thebenefits of which we began realizing in the second half of the year. This initiativeemphasizes our long-standing principle of remaining a low-cost manufacturer. Well-defined continuous improvementplans are an integral part of our manufacturing process.

We will use innovation to find better and lower cost ways to manufacture our products.

The benefits of cost reduction provide us a competitive advantage in the marketplace while enhancingprofitability.

Since the NorthStar acquisition inJanuary 2005, we have established cross-functional teams that are aggressivelyidentifying best demonstrated practicesacross our manufacturing facilities.

Significant opportunities are beingtargeted that will generate purchasingsavings, waste reduction, efficiencyimprovements, and even better capacity utilization.

Earning Your Confidence for the Long Term

We know that our true value to share-holders is achieving predictable earningsand consistent sales growth over time.

To achieve this, our goals for fiscal 2006 are:

> Win new customers

> Grow existing customers

> Generate meaningful cost reductions

> Pursue selective acquisitions

I want to thank our Board of Directorsfor its support and encouragement. Our Board continues its exemplaryperformance in corporate governance. I also want to thank our associates for their commitment and dedication to our customers.

Today, I am more optimistic than everbefore in Multi-Color’s ability to provide its customers and shareholders withvalue. For our customers, we have earneda strong position in the marketplace. For our shareholders, we are poised toprovide long-term growth.

Francis D. GeracePresident and Chief Executive Officer

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Innovation is the most sought-afterbusiness competency in today’s

increasingly demanding marketplace. As consumer product companies drive to differentiate their products throughbrand design, it takes the assistance ofinnovative suppliers to turn consumersinto customers. That’s how Multi-Colorcreates value for its customers.

Utilizing a consultative and collabo-rative approach with our customers, we

can provide brand managers a portfolio of innovative labeltechnologies to support theirproduct design processes.

Leading with Product InnovationNow, more than ever, we find

innovation at work from the design of our products through the creative wayswe apply them.

Our Product Leadership teamsconcentrate their efforts on innovationthat results in increasing sales or reducingcosts—anything else is meaningless.

Our product development pipeline isfull of recent and emerging solutions:

> Next-generation heat transfertechnologies that enhance decorationcoverage with a crisper, cleaner image,which is the ultimate no label look.

> The advancement of transparent IML filmthat now offers the consumer a clearview of the container and its contents.

Innovation is changing the way we do thingsin order to get a better result.

innovation work

Our newly-acquired cut andstack label solutions areapplied to all beverage SKUsfor Miller Brewing Company,including the Miller® Litebrand. In 2005, MillerBrewing awarded Multi-Colorits Supplier of the Year awardfor the third time, acknowl-edging our outstandingcustomer service, costcompetitiveness, and quality.

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Having built the protective properties intothe ink system, our ink-only heat transfertechnology enhances packages with theultimate “no label” look. The result for Napa Valley Vineyards is a graphic imagewith no visible label border, accentuatingthe product’s unique and Old World appeal.

To assist Maybelline in its 2004 holiday beauty care promotions, Quick Pak supplied the innovation witha comprehensive solution----design,sourcing, procurement, and assembly.We delivered this total solution to ourcustomer with speed and efficiency.

Our innovativepressure-sensitive, peel-

reseal system, combinedwith our advanced printing

technology, providesfunctionality and premium

shelf appeal to Procter &Gamble Olay® Total Effects

wet-cleansing cloths.

> Shrink sleeves developed with specialinsulating properties to keep beverageshotter or colder in their containers.

> Applying our peel and reseal pressure-sensitive label technology to newmarkets like food product containers.

> Patented AquaStar™ cut and stack filmlabels that apply to PET beer bottles,making the container 100% recyclable.

Innovation is at work at Multi-Color inall aspects of our operations. Our brandof innovation is customer focused anddelivers exceptional results by turningconsumers into customers.

Multi-Color’s heat transfertechnology on glass created an innovative package forCocktails by Jenn™, a new lineof premium vodka cocktails.Our patented applicationcreates a frosted look withoutthe high cost and environmentalconcerns of a traditional acid-etching process.

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Striving to make a strong brand

impression in themarketing of its

Sgt. Peppermint™ Cream Liqueur, McCormick

Distilling Company relied onthe shrink sleeve expertise

of Multi-Color. The unmistakablepink and red sleeve promotes

the bottle’s distinctive imagery and bright brand appeal. Projects

like Sgt. Peppermint highlight Multi-Color’s shrink sleeve leadership

in the growing liquor industry.

To further our growth within thefood segment, Multi-Color producescut and stack labels for the globalBreathSavers® brand. The labels areprinted on metallized paper,highlighting the product’s fresh newimage. NorthStar’s long-standingpartnership with this brand deepensthe decorating solutions we provideThe Hershey Company.

Arizona Beverage Company turns toMulti-Color for label technologies that help it penetrate markets quicklyand with packaging impact. In addition to eye-catching shrinksleeves, our clear film in-mold labelsgive the Arizona® No Carb line offlavored green teas a transparentdecorating solution for its family-sized,one-gallon plastic containers.

For year-round sports,holiday and special eventmarketing programs, The Coca-Cola Companydecorates its famous 8-ounce glass bottles with the precision graphics of our

heat transfer technology.Over the years, Multi-Color

has produced hundreds of label promotions,featuring speciallyformulated inks thatprovide the “Coke Red”consistency prominentto the Coca Cola® andDiet Coke® brands.

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Decorating Solutions

Today Multi-Color ranks as one ofNorth America’s top three label

producers. While we are proud of ourachievements, they are but milestonesenroute to our longer-term objective—to be a premier global resource ofdecorating solutions and packagingservices.

Room to Grow To support that objective, we have

established internal growth plans withinour Decorating Solutions Division thatare double the 4%-5% industry growthrate. We believe we can achieve thattarget by re-doubling our sales andmarketing efforts to win new customers,while growing with existing customers.

Our expanded and fully-integratedsales teams are aligned according tocustomer categories—nationalaccounts, regional accounts, andcontainer manufacturers. Extensivetechnical training and support are inplace, ensuring an effective “close” to the sales process.

We emphasize our Value Propositionevery day. Creating value for customersdrives our growth. Providing customers with unparalleled decorating choicesexpands value creation opportunities for us, and widens the door to newmarkets and new customers.

Our sales strategy is to focus our value on the technologically-demanding,highly-dynamic segments of the

consumer products, food and beverage,and automotive markets. Our NorthStaracquisition enhances our already-enriched Value Proposition with theaddition of high-end cut and stack label capabilities.

Depth of Product Leadership OpensUp New Opportunities

Our broad band of technology is built upon the depth of our applicationexperiences—a capability ourcompetitors cannot match:

> More in-mold and heat transfer label experience than all competitorscombined.

> Four production facilities with “next generation” pressure-sensitive manufacturingcapabilities utilizing multiple printtechnologies.

> “Break-through” cut and stacktechnologies to satisfy themarketplace in new ways.

> Leading graphics and pre-press services with advanceddigital capabilities.

> Revolutionary technology advance-ments, including featuresdesigned to enhance consumerexperience and convenience.

Our industry leadership is based on providing customers with decorating solutions and innovationunmatched in the marketplace.

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What if a bottle’s label couldchange its message as theproduct is consumed? That’s thecut and stack label technologybehind this remarkable marketingtechnique for SalvaVida® beer from Cerveceria Hondurena,SABMiller’s brewery in Honduras.Thermochromatic inks allow amarketing message or graphic toappear as the bottle’s temperaturechanges. That’s innovation!

ng Solutions

Vibrant graphics of our heattransfer labels decorate this collectible series of plastictumblers in a promotion byvideo store chains. Multi-Color’shigh-quality rotogravure printing replicated scenes fromclassic family movies with“picture perfect” placementand accuracy.

Innovation—Changing the WayDecorating is Done

Innovation is what the demanding, globalconsumer product designers need and expectfrom their supplier of choice.

Multi-Color’s advanced capabilities supportour customers’ product design needs. Ourobjective is to help our customers turnconsumers into their customers.

Our label solution for Cocktails by Jenn™,the popular line of premium vodka cocktails,is market evidence. The customer wantedthe shelf appeal of frosted glass, without thehigh cost of traditional acid etching, for itsnew high-end, single-serving containers.

Multi-Color’s revolutionary ink-onlytechnology for glass created a colorful, see-through heat transfer label. Our patentedheat transfer “frost” look gave the acid-etcheffect without the cost and any accompa-nying environmental concerns. The product’snational launch was a success, with muchof the new product “buzz” attributed toinnovative packaging.

Another example of label innovation atwork is our patented

AquaStar™ cut andstack metallized filmlabels. Used on

leading brands by major U.S. brewingcompanies, AquaStar’s bright, mirror-likefinish adds visual appeal to both glass andPET containers.

Originally developed for use on shatter-resistant plastic bottles sold at publicsports and entertainment venues, AquaStaris 100% recyclable on PET containers. Froma broader business perspective, AquaStarlabels provide a cost-effective alternative tosimilar high-volume pressure-sensitive labels.Because they run on standard high-speedcold glue labeling equipment at productionspeeds, they eliminate the need for eitherbottle pre-decoration or investment in newlabel application equipment.

Innovation—Finding Ways to Reduce Costs

Continuously improving our manufacturingprocesses provides our customers withcost-effective solutions, giving us acompetitive advantage in the marketplace.Manufacturing high-quality, low-cost productsis the best way to rapidly grow core sales.

Identifying and leveraging best practicesand transferring organization knowledgeacross our diverse production network is akey component of our integrationmanagement process.

The recent acquisition of NorthStarbrings size and scale to Multi-Color. Sizeand scale provide significant opportu-nities to leverage purchasing synergiesand optimize organizational potential.

The implementation of a new $2million management information system

during the second half of fiscal 2005 givesour operations managers visibility to real-time production data across all machinecenters. The power of information to quicklyand easily control inventory, track orderstatus, and monitor production schedulesprovides customer service representativeswith the ability to accurately respond tocustomer inquiries at a moment’s notice.

Soon, the system will be programmed toanalyze future customer needs with browser-based extranet functionality through whichcustomers can view their orders andprojects online.

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Whether in the automotive

product aisle or on thegarage shelf, you can’t

miss an Absorber® towel with itsfull-surface, wrap-around shrinksleeve label. Our expertise in shrinksleeve has allowed us to developnew applications in food andbeverage, health and beauty, andautomotive products.

Multi-Color’s depth of pressure-sensitive label experience helpedlaunch this stylish, innovativepackaging for the new Vroom® lineof auto-care products.

Adding 360-degree decorationcoverage, shrink sleeve’s visualimpact pushed this “CheersCanada!” collector’s magnum tothe front of the shelf for aLabatt® promotion. Customer-focused teams in our Erlangerand Scottsburg facilitiesworked to create thisoversized beveragesleeve printed withcomplex graphics andgold and silvermetallic accents.

Welch’s relied onMulti-Color’s expertise in heattransfer labels (HTL) to merchandise its2005 series of collectible jelly and jam jars.Featuring classic images from the CuriousGeorge children tales, these jars are alsoused as drinking glasses. The durability ofHTL will ensure long-lasting fun for children,even after numerous dish washings.

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Quick Pak’s design andengineering expertise turnsmulti-shaped promotionalelements into elegantgroupings that attractconsumers. Case in point, thishigh-end Bath & Body Worksgift set featuring an assortmentof prestigious Henri Bendlecandles, seated on an ornatesilver serving tray, and acces-sorized with a silver candlesnuffer. Unique, elegant andsoon enough, all sold.

Packaging Services

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Accelerating product lineexpansions and new productlaunches is how majorretailers like Bath and BodyWorks (BBW) innovate theirbusiness. Our record of qualityfulfillment, quick turnaround,and consistent reliability,executed for this product setfor Tutti Dulci skin care, iswhy BBW turns to Quick Pakpromotion after promotion.

Our leadership in promotional packaging,assembly, and fulfillment services is based onour relentless focus on customer satisfaction.

Speed to market is critical to time-sensitive, high-volume promotions.We produced over one-and-a-halfmillion units in one month—75truck loads—of this promotion forGarnier® Fructis. Quick Pakdesigned, sourced, and producedthe on-pack premium box, whichbecame the key to a promotion thatwas cost effective, efficient toassemble, and attention grabbing.

g ServicesPackaging Services, known in the

marketplace as Quick Pak, extendedits sales growth in fiscal 2005 and hasmore than doubled in size since itsacquisition in June 2002. Expandedproduction and warehousing capacityallowed us to package, assemble, andfulfill over 32 million units in 2005.

Growth in the health, beauty, andpersonal care markets continued withbrand leaders L’Oreal, Maybelline, Bath and Body Works, Victoria’s SecretBeauty, Garnier, Redken, Bioré, andProcter & Gamble.

New executive, manufacturing, and sales leadership with extensiveoperations, retail promotion, andpersonal care industry experience was added in 2004. A strengthenedmanagement team is poised to execute on our aggressive, double-digitgrowth plans.

Innovation Improves Speed to MarketResponding to demanding retail

merchandising and product promotionschedules requires flawless execution.It takes innovative people to meetincreasingly faster production cyclesand increasingly shorter lead times.

Remember, our goal is to assist our customers to turn consumers intotheir customers.

A great example of this was providingGarnier® with a turnkey product andservice solution for the launch of itsFructis Style™ haircare product. We

designed and produced the newproduct’s colorful shrink sleeve labelsvia our Graphics Services group and our Scottsburg facility. Then, inresponse to the customer’s request,Quick Pak applied the sleeves with aspecially integrated, on-site shrink-labeling system, eliminating additionalsupply chain participants.

In all, we fulfilled several millionFructis Style units in a 90-day period,showcasing Multi-Color’s single-sourcedecorating-packaging abilities to ournational retail customers.

Our investment in a $1.2 millionwarehouse management system, along with a narrow aisle rackingsystem, adds 75,000 square feet ofwarehousing and manufacturingcapability, and the software technologyto efficiently manage it.

Promotional packaging is a verydynamic, complex process involvingmany planning, sourcing, andlogistical challenges. Retailpackages require intensecoordination of

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numerous components frommultiple origins, all to arrive at

their destination at precisely thecorrect time.

Our new management system willenable program managers visibility intothe supply chain on a real-time basis,giving them more control of theprocess. The system’s intelligenceprovides operations managers withinformation on labor requirements,multiple production schedules, andcomponent status. This innovativesystem will result in longer, uninter-rupted production runs, fasterspeed-to-market, reduced cycle-times,and lower inventory costs.

Growth Strategies at WorkPackaging Services is well positioned

for profitable growth in fiscal 2006. Our sales and customer service teamshave been expanded and strengthened.All major national accounts areassigned teams who surround thecustomer with program and merchan-dising expertise to ensure their projectsare executed flawlessly.

Increased emphasis has been placed on penetrating new markets andnew customers. Quick Pak has aproven track record of doing the rightthings for our customers. As more andmore consumer product companies and national retailers outsource theirmanufacturing, we will leverage our core competencies in a marketplaceexploding with opportunities.

To help Kao Brands attractconsumers to their full line of Bioré®

Pore Perfect facial care products,Quick Pak teams engineered thecustom assembly of these complexin-store displays. A synchronizednetwork of conveyor lines shrinkbanded the display’s diverse productsets, converging them at the rightmoment into a central assemblyarea where the display case tierswere hand filled with a variety of“buy one, try one” products.

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Corporate InformationDirectors

Lorrence T. KellarChairman of the Board, Multi-Color CorporationVice President, Continental Properties, Inc.

Francis D. GeracePresident and Chief Executive Officer, Multi-Color Corporation

David L. AbbottChairman, ExoPack LLC

Robert R. BuckPresident and CEO,Beacon Roofing Supply, Inc.

Charles B. ConnollyPresident, Connemara Converting

Roger A. KellerPrivate Investor

David H. PeaseRetired Chairman, Pease Industries, Inc.

Corporate

Francis D. GeracePresident and Chief Executive Officer

Dawn H. BertscheSenior Vice President,Finance and Chief Financial Officer

Lesha K. SpahrVice President, Human Resources

James H. ReynoldsVice President, Corporate Controller

Mary T. FetchTreasurer

Decorating Solutions

Donald E. KneirPresident

Murray R. WhiteVice President, Operations

Mark J. TangryVice President, Sales and Marketing

John R. VoelkerVice President Sales,P&G Relationship

Thomas J. VogtGeneral Manager,Graphics Services

Dominic A. PicciutoController

Packaging Services

Edward V. AllenPresident

Johan G. PotVice President andGeneral Manager

Julie A. WhiteheadController

Corporate HeadquartersMulti-Color Corporation425 Walnut StreetSuite 1300Cincinnati, Ohio 45202(513) 381-1480www.multicolorcorp.com

Annual MeetingThe annual meeting ofshareholders will be held at the Queen City Club,331 E. Fourth Street,Cincinnati, Ohio on August 18, 2005 at10:30amE.T.

Stock ListingThe common shares ofMulti-Color Corporationtrade on The NASDAQNational Market Systemunder thesymbol LABL.

Transfer AgentComputershare Investor Services, LLCChicago, Illinois

Independent Public AccountantsGrant Thornton LLPCincinnati, Ohio

Shareholder Information

Officers and Management

Corporate Headquarters

Multi-Color Corporation425 Walnut StreetSuite 1300Cincinnati, OH 45202Tel: 513-381-1480www.multicolorcorp.com

Operations4064 Clough Woods DriveBatavia, OH 45103Tel: 513-943-0080

3520 Turfway RoadErlanger, KY 41018Tel: 859-371-2244

2281 South US 31Scottsburg, IN 47170Tel: 812-752-3187

635 Olympic DriveTroy, OH 45373Tel: 937-339-0888

100 Clinton StreetFramingham, MA 01702Tel: 508-872-4268

12110 Champion WayCincinnati, OH 45241Tel: 513-772-0044

512 Ninth AvenueNorway, MI 49870 Tel: 906-563-9261

1836 Sal Street Green Bay, WI 54302 Tel: 920-468-8808

1222 Perry WayWatertown, WI 53094 Tel: 920-262-8585

= Sales Offices

The Manufacturing Network Behind the Multi-Color Value Proposition

Multi-Color has a network of nine manufacturing facilities in the United States.This wide range of capability, technology, and versatility ensures our ability to

meet and exceed the requirements of our customers’ global decorating solutions.