MULTI-COLOR CORPORATION ACQUIRES SKANEM GROUP’S LABEL OPERATIONS IN EUROPE AND THAILAND

Cincinnati Ohio and Stavanger Norway, Dec. 31, 2021 (GLOBE NEWSWIRE) — CINCINNATI, OHIO and STAVANGER, NORWAY – DECEMBER 31st, 2021 – Multi-Color Corporation (MCC), one of the largest label companies in the world, is pleased to advise that the previously announced acquisition of Skanem Group’s label operations in Europe and Thailand successfully closed yesterday. Effective immediately, seven […]

Cincinnati Ohio and Stavanger Norway, Dec. 31, 2021 (GLOBE NEWSWIRE) — CINCINNATI, OHIO and STAVANGER, NORWAY – DECEMBER 31st, 2021 – Multi-Color Corporation (MCC), one of the largest label companies in the world, is pleased to advise that the previously announced acquisition of Skanem Group’s label operations in Europe and Thailand successfully closed yesterday.

Effective immediately, seven of Skanem Group’s facilities in Denmark, Norway, Poland, Sweden, the United Kingdom and Thailand are part of Multi-Color Corporation, giving MCC an enhanced footprint in Europe and Thailand.

The acquisition will give Skanem’s customers access to expanded product offerings and a comprehensive range of the latest label technologies. We welcome the experienced Skanem team to MCC and look forward to building on existing and new growth opportunities together with our new colleagues.

About Multi-Color Corporation
Cincinnati, Ohio, U.S.A. based Multi-Color Corporation (MCC), established in 1916, is the global leader in prime label solutions with approximately $3 billion in annual revenue supporting a number of the world’s most prominent brands across end categories including Food & Beverage, Home & Personal Care, Wine & Spirits and other specialty end categories. MCC serves national and international brand owners across its global footprint with a comprehensive range of the latest label technologies in Pressure Sensitive, Cut & Stack, Roll-Fed, In-Mold, Shrink Sleeve and Heat Transfer. MCC employs approximately 13,000 associates across more than 100 plants in over 25 countries. MCC is owned by Clayton, Dubilier & Rice. For additional information on Multi-Color Corporation, please visit www.mcclabel.com.

About Clayton, Dubilier & Rice
Clayton, Dubilier & Rice is a private investment firm with a strategy predicated on building stronger, more profitable businesses. Since inception, CD&R has managed the investment of more than $35 billion in over 100 companies with an aggregate transaction value of more than $160 billion. The Firm has offices in New York and London. For more information, visit www.cdr-inc.com.

Contact For Multi-Color Corporation:

Sharon E. Birkett
Vice President and Chief Financial Officer
513-345-5311
InvestorRelations@mcclabel.com

The Deed of Demerger Between Cnh Industrial N.v. and Iveco Group N.v. Has Been Executed

Corporate Communications ADVERTISEMENT. This announcement is an advertisement for the purposes of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”) relating to the intention of Iveco Group N.V. (the “Company”) to proceed with the proposed first admission to listing and trading of all of the common shares of the Company on the regulated market of […]

Corporate Communications

ADVERTISEMENT. This announcement is an advertisement for the purposes of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”) relating to the intention of Iveco Group N.V. (the “Company”) to proceed with the proposed first admission to listing and trading of all of the common shares of the Company on the regulated market of Euronext Milan (the “Admission”). This announcement does not constitute or form part of a prospectus within the meaning of the Prospectus Regulation and has not been reviewed nor approved by any regulatory or supervisory authority in any jurisdiction, including any member state of the European Economic Area (each, an “EEA Member”), the United Kingdom and the United States. This announcement is for information purposes only and is not intended to constitute, and should not be construed as, an offer by or invitation by or on behalf of, the Company, CNH Industrial N.V (“CNH Industrial”), any of their advisors or any representative of the Company or CNH Industrial or any of their advisors, to purchase any securities or an offer to sell or issue, or the solicitation to buy securities by any person in any jurisdiction, including any EEA Member, the United Kingdom or the United States. The approval of the Prospectus (as defined below) by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, the “AFM”) should not be understood as an endorsement of the quality of the Shares (as defined below) and the Company. Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Shares.

London / Turin, December 31, 2021

Today CNH Industrial N.V. (“CNH Industrial”) and Iveco Group N.V. (“Iveco Group” or the “Company”) have executed the deed of demerger whereby, effective January 1, 2022, the relevant Iveco Group business segments will separate from CNH Industrial (the “Demerger”) and Iveco Group will become a public listed company independent from CNH Industrial (the “Admission”). As previously announced, Iveco Group common shares will begin trading on Euronext Milan, a regulated market organised and managed by Borsa Italiana S.p.A., on January 3, 2022 under the ticker symbol ‘IVG’.

In this transaction CNH Industrial was advised by Morgan Stanley & Co. LLC, BofA Securities, and Barclays Bank Ireland PLC. Citi and BNP Paribas advised Iveco Group on the transaction. Goldman Sachs & Co. LLC and JP Morgan Securities LLC provided financial advice. Intesa Sanpaolo S.p.A. and UniCredit Bank AG, Milan Branch acted as sponsors for the Admission.

For further information, please see the documents available at IVG’s website (www.ivecogroup.com/investor_relations).

Risk Factors
Investing in the Company involves certain risks. A description of these risks, which include risks relating to the Company as well as risks relating to the Demerger, the Admission, and the Common Shares and special voting shares in the share capital of the Company (the “Special Voting Shares” and together with the Common Shares, the “Shares”) is included in the prospectus prepared in connection with the Demerger and Admission (the “Prospectus”) and in the supplement to the Prospectus (the “Supplement”). Potential investors should read the Prospectus and the Supplement before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Shares.

Earlier announcements related to the Demerger and Admission
On December 27, 2021 CNH Industrial and the Company announced that Borsa Italiana S.p.A has admitted Iveco Group N.V. common shares to listing on Euronext Milan, a regulated market organised and managed by Borsa Italiana, and that Iveco Group has also submitted to Borsa Italiana the application for admission to trading of its common shares on Euronext Milan. On December 23, 2021 CNH Industrial announced that CNH Industrial extraordinary shareholders’ meeting approved the Demerger. On December 22, 2021, CNH Industrial announced that the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, the “AFM”) has approved the Supplement to the Prospectus. On December 17, 2021, CNH Industrial announced the publication of combined financial figures for both its ‘Off-Highway’ and ‘On-Highway’ businesses. On December 9, 2021, CNH Industrial and the Company announced the rating assigned to the Company by Fitch Ratings. On November 18, 2021, CNH Industrial and the Company presented the Company’s business, strategy and 2026 financial ambitions. On November 11, 2021, CNH Industrial and the Company announced the approval and publication of the Prospectus. On September 3, 2019, CNH Industrial announced the intention to separate the relevant business segments of the Company’s from CNH Industrial and to admit the Company’s shares to listing and trading on a regulated market. On June 11, 2021 and on July 5, 2021, CNH Industrial announced management changes for the Company in view of the Demerger and Admission. On October 18, 2021, CNH Industrial further announced that an Investor Day in respect of the Company, ahead of the Demerger and Admission, was to be held on November 18, 2021. These press releases are available on the corporate website of CNH Industrial (www.cnhindustrial.com/en-us/investor_relations) and/or on the corporate website of the Company (www.ivecogroup.com/investor_relations).

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Iveco Group N.V., after the completion of the Demerger as announced on November 11, 2021 (and expected to be effective on January 1, 2022), will be the parent company of the trucks and specialty vehicles, powertrain and related financial services businesses currently held by CNH Industrial. Iveco Group will therefore own and operate eight unique, yet unified commercial brands: IVECO, a pioneering champion that designs, manufactures and commercializes heavy, medium and light duty commercial vehicles; FPT Industrial, a global leader in providing its vast array of advanced powertrain technologies to customers in agriculture, construction, marine, power generation, and commercial vehicles alike; IVECO BUS and HEULIEZ, premium and mass-transit bus and coach brands; Iveco Defence Vehicles, for highly-specialized defence and civil protection equipment; ASTRA, a global expert in large scale heavy duty quarry and construction vehicles; Magirus, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all, serving as the cornerstone of Iveco Group’s new business models. Further information about Iveco Group is available on the company’s website www.ivecogroup.com

Media contacts:
E-mail: mediarelations@cnhind.com
Francesco Polsinelli, Tel: +39 335 1776091
Laura Overall, Tel: +44 207 7660 386

Investor contacts
E-mail: investor.relations@cnhind.com
Federico Donati, Tel: +44 207 7660 386
Noah Weiss, Tel: +1 630 887 3745

www.cnhindustrial.com

DISCLAIMER
This announcement does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, as amended (the “Prospectus Regulation”), and shares in Iveco Group N.V. will be allotted in circumstances that do not constitute “an offer to the public” within the meaning of the Prospectus Regulation. This announcement is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute an announcement of this nature.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which they are released, published or distributed, should inform themselves about, and observe, such restrictions.
This announcement is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, as amended (the “Prospectus Regulation”). With respect to the member States of the European Economic Area, no action has been undertaken or will be undertaken to make an offer to the public of the securities referred to herein requiring a publication of a prospectus in any relevant member State. As a result, the securities may not and will not be offered in any relevant member State except pursuant to a prospectus approved by the relevant market authorities in that member State or in accordance with the exemptions set forth in Article 3(2) of the Prospectus Regulation, if they have been implemented in that relevant member State, or under any other circumstances which do not require the publication of a prospectus pursuant to Article 3 of the Prospectus Regulation and/or to applicable regulations of that relevant member State. This announcement is not intended to constitute, and should not be construed as, an offer by or invitation by or on behalf of, the Company, CNH Industrial, any of its advisors or any representative of the Company or CNH Industrial or any of their advisors, to purchase any securities or an offer to sell or issue, or the solicitation to buy securities by any person in any jurisdiction, including any EEA Member, the United Kingdom or the United States.
The securities referred to herein may not be offered or sold in the United States of America absent registration or an applicable exemption from registration under the U.S. Securities Act of 1933, as amended. The Company and CNH Industrial do not intend to register all or any portion of the offering of the securities in the United States of America or to conduct a public offering of the securities in the United States of America.
This announcement does not constitute an offer of securities to the public in the United Kingdom. This announcement is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this announcement relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.
This announcement may include statements, including with respect to CNH Industrial’s and the Company’s financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “anticipates”, “expects”, “intends”, “plans”, “targets”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements are made as of the date of this announcement. Although CNH Industrial and the Company believe that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Such forward-looking statements are included for illustrative purposes only. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside CNH Industrial and the Company’s control. CNH Industrial and the Company expressly disclaim any intention or obligation to provide, update or revise any forward-looking statements in this announcement to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based.
The price and value of securities may go up as well as down. Persons needing advice should contact a professional adviser. Information in this announcement or any of the documents relating to the Admission and the Demerger cannot be relied upon as a guide to future performance.
The Company may decide not to go ahead with the Admission and CNH Industrial may decide not to go ahead with the Demerger and there is therefore no guarantee that the Admission and the Demerger will occur. You should not base your financial decision on this announcement. Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested.

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Greener city, cleaner traffic

Published by
The Bangkok Post

With more new green spaces and train lines, the capital has developed to better serve urban residents this year.The Bangkok Post reflects on Bangkok’s developing landscape and projects and highlights the top five of 2021. Hua Lamphong The closure of 105-year-old Hua Lamphong Station to develop it as a commercial project has raised discontent among local commuters. It has been a while since the closure of Hua Lamphong made headlines and became the talk of the town in the latter part of the year. Discontent was raised following a proposal to demolish its historic building which dates from the Ra… Continue reading “Greener city, cleaner traffic”

Omicron infections reach 934 as local cases rise

Published by
The Bangkok Post

The number of Omicron infections reached 934 as of Wednesday, most of which were new arrivals from abroad, the Ministry of Public Health said on Thursday. Dr Supakit Sirilak, director-general of the Department of Medical Sciences, said that between Nov 1 when the country reopened and Wednesday, Thailand logged a total of 934 Omicron cases. Of them, 577 or 62% were arrivals from abroad and 357 or 38% were local transmissions. On Wednesday alone, Omicron cases surged to 194. Eighty-eight of them were arrivals from overseas and 106 were local transmissions, he said. Dr Supakit said the number of … Continue reading “Omicron infections reach 934 as local cases rise”

With Omicron Variant, Countries Scale Back, Cancel New Year’s Celebrations

As revelers said goodbye to 2021 and welcomed 2022, many countries around the world canceled or scaled down New Year’s Eve celebrations for the second year thanks to the coronavirus pandemic and the omicron variant’s spread.New York City dropped its ic…

As revelers said goodbye to 2021 and welcomed 2022, many countries around the world canceled or scaled down New Year’s Eve celebrations for the second year thanks to the coronavirus pandemic and the omicron variant’s spread.

New York City dropped its iconic ball at midnight in Times Square with only a fraction of the number of revelers the world has come to expect to see at the annual event. City officials allowed only 15,000 to attend the celebration and required them to wear masks and provide proof of vaccination.

New Year’s festivities in Chicago were not as boisterous this year as in previous years, after Illinois Governor J.B. Pritzker warned earlier this week that “Omicron and delta are coming to your party,” a reference to two coronavirus variants.

Large fireworks displays were called off in major cities, including London, Paris, Tokyo and Kuala Lumpur.

New York City was still planning to drop its iconic ball at midnight, but revelers will number only a fraction of the usual size, with entrance to the area capped at 15,000. Restrictions to attend the celebrations included mask wearing and proof of vaccination.

The number of daily new COVID-19 cases reported around the world topped 1 million for the first time since the pandemic began, according to a tally Thursday by Agence France-Presse.

While the omicron variant has put a damper on many festivities around the world, the decreased severity of the strain has offered people hope in the coming year.

In South Africa, where officials first raised alarm about the variant, authorities lifted a nighttime curfew, allowing celebrations to go ahead. Officials there said the country’s omicron wave had crested.

And Britain reported Friday that the risk of hospitalization with the omicron variant is about one-third that of the previously dominant delta variant.

Britain

London called off its riverside fireworks display because of the rapid spread of the coronavirus. However, the city’s Big Ben chimed at midnight for the first time since 2017, following more than three years of restoration.

France

Paris canceled its fireworks display at the Arc de Triomphe, and officials mandated that everyone older than 11 wear masks outdoors while walking on the Champs-Élysées and other city streets. Bars closed at 2 a.m.

Spain

New Year’s celebrations were canceled across much of the country. A scaled-down gathering took place in Madrid with crowds limited to less than half the size of a normal year.

Russia

In a state televised address broadcast just before midnight in all of Russia’s time zones, President Vladimir Putin honored Russians who died from the coronavirus and offered words of support to those who lost family and friends. Russia’s government coronavirus task force has reported more than 300,000 COVID-19 deaths, but its state statistics agency puts the figure at more than double that.

Japan

Celebrations were banned in Tokyo’s Shibuya entertainment district, and Prime Minister Fumio Kishida addressed the nation on YouTube, asking citizens to wear masks and limit the number of people at gatherings.

Australia

Hours before the start of Australia’s celebrations, health authorities announced a record number of COVID-19 infections – 32,000, many in Sydney. Festivities, though, continued as planned. The world-renowned fireworks display from the Sydney Harbor Bridge and the Sydney Opera House ignited the night sky with vibrant colors, while people in boats watched from the water, ushering in the new year.

New Zealand

Although the country has not reported any community spread of the omicron variant, New Zealand authorities canceled several fireworks displays, including the one atop Auckland’s Sky Tower. In place of the tradition, Auckland celebrated with light displays projected on the tower and on other city landmarks.

South Korea

Seoul’s annual New Year’s Eve bell ringing was canceled for the second consecutive year because of an increase in COVID-19 cases. Officials instead broadcast a pre-recorded video of the bell ringing on television and online. The event had traditionally drawn tens of thousands of spectators, and last year’s cancellation was the first since the ceremony’s start in 1953.On Friday, officials also announced that strict social distancing rules would be extended for two weeks.

India

Nighttime curfews and restrictions forced millions in India to celebrate the new year from their homes. In Mumbai, authorities banned all New Year’s celebrations, including at hotels, restaurants, bars and pubs, indoors or in open spaces. Curfews were imposed for restaurants. New Delhi’s authorities also enforced similar measures. However, in other cities restrictions were not as strict, including in Goa and Hyderabad, which did not have night curfews.

Indonesia

The Indonesian government’s ban on celebrations meant many citizens rang in the new year in a much quieter manner, with evenings spent at home. Fireworks displays, parades and large gatherings were prohibited in Jakarta, where authorities also closed 11 roads that typically draw large crowds for the holiday. Restaurants and malls remained open, but with a curfew.

Vietnam

In Vietnam, fireworks displays and celebrations were also canceled. Authorities in Hanoi closed central streets, and in Ho Chi Minh City, audiences were banned from watching live countdown performances, which were instead shown on social media.

Hong Kong

Hong Kong hosted its first New Year’s Eve event since 2018, because of the pandemic and political issues, with an open-air concert featuring local celebrities including the popular boy band Mirror, and about 3,000 in attendance. Despite the celebration, authorities appealed to citizens on Friday not to attend New Year’s celebrations but did not impose cancellations because the territory has not reported cases of the omicron variant.

China

In Shanghai, the government canceled several events, including the annual light show along the Huangpu River in the city center, which typically attracts hundreds of thousands of attendees. In Beijing, there were no public festivities planned, and popular temples were either closed or remained open with limited visitor access. Temples in the eastern cities of Nanjing and Hangzhou also canceled traditional New Year’s Eve “lucky bell ringing” ceremonies and asked the public not to visit.

Thailand

Under strict COVID-19 safety measures, Thailand’s authorities allowed New Year’s Eve parties and fireworks displays to continue. Despite the emergence of the omicron variant, authorities hoped restrictions would mitigate its spread while allowing people to celebrate, in an effort to aid its damaged tourism sector. New Year’s Eve prayers, typically hosted in Buddhist temples around the country, took place online.

The Philippines

Following highly destructive Typhoon Rai two weeks ago, New Year’s Eve celebrations in the Philippines were severely hampered. Tens of thousands were without necessities, and half a million homes were destroyed. The death toll has surpassed 400, and 82 people remain missing.

South Africa

While it was the first to discover the omicron variant, South Africans were able to ring in the new year with traditional festivities. The country announced that many restrictions, including a nighttime curfew, would be lifted ahead of the holiday because, authorities said, the fourth wave of COVID-19 had peaked.

Source: Voice of America