US firm buys label producer John Watson & Company 1 October 2013 Last updated at 18:36 An American corporation has bought Glasgow-based spirit label producer John Watson & Company for an undisclosed sum. Multi-Color Corporation (MCC) said the business was "ideally located" and complemented MCC's existing Glasgow spirit and wine label business. Founded in 1824, John Watson & Company describes itself on its website as the oldest printing company in Scotland. It counts a number of leading whisky producers as customers. MCC said the deal allowed for the retirement of owner John Watson, whose family founded the business.