Exhibit 99.1

        MULTI-COLOR CORPORATION ANNOUNCES THE PURCHASE OF QUICK PAK, INC.
 New packaging services division synergistic with existing decorating solutions
                                    business

CINCINNATI, OHIO, June 03, 2002 - Multi-Color Corporation (NASDAQ: LABL)
announced it has purchased Quick Pak, Inc. of Cincinnati, Ohio. Quick Pak is a
leading provider of promotional packaging, assembling and fulfillment services
to major health & beauty companies, consumer product manufacturers and national
retailers. The acquisition of Quick Pak expands the service component of
Multi-Color's business strategy. In addition, the purchase broadens the
Company's revenue stream by providing complimentary consumer packaging services
that support customer marketing strategies.

"The acquisition of Quick Pak supports our long-range strategy by continuing to
broaden the products and services we provide to the consumer products industry,"
said Frank Gerace, Multi-Color President and Chief Executive Officer.

In addition to offering Multi-Color customers additional marketing and packaging
services, Quick Pak will bring more than $10 million in annual sales revenue and
a roster of blue chip clients.

"We are fortunate to combine the region's leading provider of unique packaging
services with Multi-Color's worldwide reputation as a premier supplier of
decorating solutions," stated Gerace.

"Like all previous acquisitions, the addition of Quick Pak will be accretive to
earnings immediately. Our common values surrounding quality and customer service
will allow for a smooth integration as well," added Gerace. "And for our
customers, one-stop shopping just got better."

Multi-Color will retain all Quick Pak associates, consisting of a workforce of
approximately 300 full and part time employees, and its production facility in
Cincinnati. "The skills exhibited by the associates of Quick Pak are
exceptional," commented Gerace.

Previous owners, Alex and Debbie Buhayar said, "We are pleased to become a part
of the Multi-Color family. Multi-Color's industry leading technology and broad
product offerings will help leverage Quick Pak's unique position in the
marketplace. This combination will prove to be extremely beneficial to Quick
Pak's customers and employees."

Along with the purchase of Quick Pak, Inc., the Company also announced the
appointment of Gordon B. Bonfield as President, Quick Pak Division of
Multi-Color Corp. Bonfield was previously the Chief Operation Officer of Ivex
Packaging and is a member of Multi-Color's Board of Directors. CEO Gerace added,
"I am also pleased to announce Gordon's appointment in connection with the
acquisition of Quick Pak.. Gordon brings over 25 years of valuable experience in
the packaging industry."



Multi-Color Acquires Quick Pak
June 03, 2002
Page 2
__________________


The acquisition of Quick Pak, Inc. comes just seven months after Multi-Color
purchased Premiere Labels, Inc. of Troy, Ohio to further strengthen its position
in the pressure sensitive label market.

About Multi-Color (www.multicolorcorp.com)
- -----------------  ----------------------
Cincinnati, Ohio based Multi-Color Corporation is a premier supplier of
decorative label solutions and services for technically complex applications to
consumer product companies and container manufacturers worldwide. Multi-Color is
the world's largest producer of in-mold labels (IMLs). Through acquisitions, the
Company has established a strong and growing position in the high-end shrink
sleeve and pressure sensitive label and tamper-evident neckband markets. The
company has five manufacturing operations in the United States. Its products are
shipped to more than 150 customers in the United States, Canada, Mexico, South
America and Asia.

Safe Harbor Statement
- ---------------------
Forward looking statements in this release including, without limitations,
statements relating to the Company's plans, strategies, objectives,
expectations, intentions and adequacy of resources, are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements. These
factors include, among others, the following: general economic and business
conditions; the ability to integrate acquisitions; the success of its
significant customers; competition; acceptance of new product offerings; changes
in business strategy or plans; quality of management; availability, terms and
development of capital; availability of raw materials; business abilities and
judgement of personnel; changes in, or the failure to comply with, government
regulations, and other factors. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.

For more information, please contact:

Dawn H. Bertsche
Chief Financial Officer
Multi-Color Corporation
(513) 345-1108
dbertsche@mcclabel.com
- ----------------------
                                      # # #