IBJNews

Printing facility to close, terminate 150 employees

Back to TopCommentsE-mailPrintBookmark and Share

Multi Packaging Solutions Inc. plans to close its printing facility in Terre Haute by the end of the year, terminating about 150 employees.

Based in New York City, MPS acquired the printing facility in 2009 from competitor Ivy Hill Corp. It produces a variety of printing and packaging products for the audio and video media markets.

But due to ongoing changes in those markets, “the company has seen a dramatic decline in the amount of work that is available, and a significant change in the type of work that remains,” according to a notice filed by MPS with state officials on Friday.

As a result, MPS will close the facility on Dec. 31 and terminate its 150 employees, the notice said.

MPS is a leading manufacturer of print-based specialty packing for the cosmetics, health care, consumer and media markets. It has more than a dozen manufacturing locations in the U.S. and Europe, according to its website.

MPS changed hands in August. Madison Dearborn Partners, a Chicago-based private equity firm, acquired MPS from Irving Place Capital, a New York City-based private equity firm. Terms of the deal were not disclosed.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT