UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549










FORM 10-K/A

Amendment No. 2 to Form 10-K



(Mark One)

|x                                           | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF
    1934
|------------------------------------------- | -----------------------------------------------------------------------------------------
|For the fiscal year ended December 31, 2014
|OR                                         
| ̈                                           | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the transition period from _________to_________



Commission File Number

000-23115



CTI INDUSTRIES CORPORATION

(Exact name of Registrant as specified
in its charter)



|Illinois                                 | 36-2848943                             
|---------------------------------------- | ---------------------------------------
|(State or other jurisdiction of          | (I.R.S. Employer Identification Number)
|incorporation or organization)           |                                        
|                                         |                                        
|22160 N. Pepper Road                     |                                        
|Lake Barrington, Illinois                | 60010                                  
|(Address of principal executive offices) | (Zip Code)                             



Registrant’s telephone number, including
area code: (847) 382-1000



Securities Registered pursuant to sections
12(b) of the Act:



|Title of Each Class  | Name of Each Exchange on Which Registered
|-------------------- | -----------------------------------------
|                     |                                          
|Common Stock, No Par | NASDAQ Capital Market                    



Securities registered pursuant to Section 12(g) of the Act:
None



Indicate by check mark if the registrant
is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes  ̈No þ



Indicate by check mark if the registrant
is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes  ̈No þ



Indicate
by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes þ     No  ̈



Indicate by check
mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File
required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter
period that the registrant was required to submit and post such files).  Yes þ     No  ̈



Indicate by check
mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III
of this Form 10-K or any amendment to this Form 10-K.  þ



Indicate by check mark whether the Registrant
is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “accelerated filer and
large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check one):



|Large accelerated filer     ̈ | Accelerated filer     ̈ | Non-accelerated filer     ̈ | Smaller Reporting Company    þ
|---------------------------- | ---------------------- | -------------------------- | ------------------------------



Indicate
by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes  ̈     No þ



Based upon the closing price of $4.57 per
share of the Registrant’s Common Stock as reported on NASDAQ Capital Market tier of The NASDAQ Stock Market on June 30,
2014, the aggregate market value of the voting common stock held by non-affiliates of the Registrant was then approximately $7,961,000.
(The determination of stock ownership by non-affiliates was made solely for the purpose of responding to the requirements of the
Form and the Registrant is not bound by this determination for any other purpose.)



The number of shares outstanding of the
Registrant’s Common Stock as of March 1, 2015 was 3,301,116 (excluding treasury shares).



DOCUMENTS INCORPORATED BY REFERENCE



|                                                                                                                                |  | Part of Form 10-K into Which
|------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------
|Document                                                                                                                        |  | Document Is Incorporated    
|                                                                                                                                |  |                             
|Sections of the registrant’s Proxy Statement To be filed on or before April 30, 2015
    for the Annual Meeting of Stockholders |  | Part III                    











ANNUAL REPORT ON FORM 10-K/A

For the annual period ended December
31, 2014

EXPLANATORY NOTE



This Form 10-K/A is being filed by the
Company to amend Item No. 9A of Part II, and to replace with Exhibit 99.1 the Exhibit 99 in Part IV, which were included in the
Form 10-K of the Company for the annual period ended December 31, 2014, filed on March 30, 2015. This Amendment No. 2 is filed
to state that (a) both the Company’s Principal Executive Officer and Principal Financial Officer join in the conclusion
as to the effectiveness of the disclosure controls and procedures as of December 31, 2014, and (b) to include a newly revised
audit report for Flexo Universal, S.A. DE C.V. to refer to financial statements for the fiscal years ending on December 31, 2014
and December 31, 2013, to eliminate reference to certain immaterial items and to make reference to the Statement of Operations
rather than a Statement of Comprehensive Income.



This Amendment No. 2 contains only
information for the annual period ended December 31, 2014. Except as to disclosure controls, the filing of Exhibit 99.1, and
the revision of Part IV, Item No. 15, Exhibit list and the Exhibit Index to replace Exhibit 99 with Exhibit 99.1, the
sections and exhibits of the Form 10-K as originally filed are unchanged and continue in full force and effect as previously
filed. This Amendment No. 2  speaks as of the date of the original filings of Form 10-K and has not been updated to reflect
events occurring subsequent to the original filing dates. Accordingly, this Amendment No. 2 should be read in conjunction
with the original filing on March 30, 2015.











PART II



Item No. 9A – Controls and Procedures



Disclosure Controls and Procedures



As required by Rule 13a-15(b) under the
Exchange Act, we conducted an evaluation, under the supervision and with the participation of our management, including our Principal
Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls
and procedures as of December 31, 2014, the end of the period covered by this report. Based upon that evaluation, the Principal
Executive Officer and Principal Financial Officer concluded that (a) our disclosure controls and procedures are designed to provide
reasonable assurance that the information required to be disclosed in our Exchange Act reports is recorded, processed, summarized
and reported within the time periods specified in the SEC’s rules and forms, (b) that such information is accumulated and
communicated, as appropriate, to allow for timely decisions regarding required disclosure as of December 31, 2014, and (c) that
the disclosure controls and procedures were effective as of December 31, 2014. There were no material changes in our internal
control over financial reporting during the fourth quarter of 2014 that have materially affected or are reasonably likely to materially
affect our internal controls over financial reporting.



Management’s Report on Internal Control over
Financial Reporting



Management is responsible for establishing
and maintaining adequate internal control over financial reporting to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted
accounting principles. Internal control over financial reporting includes those policies and procedures that (i) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets;
(ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in
accordance with U.S. generally accepted accounting principles, and that receipts and expenditures are being made only in accordance
with authorizations of the management and the Board; and (iii) provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of Company assets that could have a material effect on the financial statements.



Our management conducted an evaluation
of the effectiveness of our internal control over financial reporting based on the framework in Internal Control – Integrated
Framework issued by the Committee Sponsoring Organizations of the Treadway Commission. This evaluation included review of the
documentation of controls, evaluation of the design effectiveness of controls, testing of the operation effectiveness of controls
and a conclusion on this evaluation. Although there are inherent limitations in the effectiveness of any system of internal controls
over financial reporting, based on our evaluation, management has concluded our internal controls over financial reporting were
effective as of December 31, 2014.



This annual report does not include an
attestation report of the company’s registered public accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by the company’s registered public accounting firm pursuant to
temporary rules of the Securities and Exchange Commission that permit the company to provide only management’s report in
this annual report.











PART IV



Item No. 15 – Exhibits and Financial
Statement Schedules



| | 1. | The Consolidated Financial Statements filed as part of this report
                                         on Form 10-K are listed on the accompanying Index to Consolidated Financial Statements
                                         and Consolidated Financial Statement Schedules.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | 2. | Financial schedules required to be filed by Item 8 of this form,
                                         and by Item 15(d) below:
| | -- | ----------------------------------------------------------------------------------------------------------------------------------



Schedule II	Valuation and qualifying
accounts



All other financial schedules are not required under the related
instructions or are inapplicable and therefore have been omitted.



| | 3. | Exhibits:
| | -- | ---------



|Exhibit |  |                                                                                                                                                                                                                                                                                                   
|------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |  | Document                                                                                                                                                                                                                                                                                          
|        |  |                                                                                                                                                                                                                                                                                                   
|3.1     |  | Third Restated Certificate of Incorporation of CTI Industries Corporation (Incorporated by
    reference to Exhibit A contained in Registrant’s Schedule 14A Definitive Proxy Statement for solicitation of written
    consent of shareholders, as filed with the Commission on October 25, 1999)
|3.2     |  | By-Laws of CTI Industries Corporation (Incorporated by reference to Exhibit 3.2, contained
    in Registrant’s Form SB-2 Registration Statement (File No. 333-31969) effective November 5, 1997)                                                                                                  
|4.1     |  | Form of CTI Industries Corporation’s common stock certificate (Incorporated by reference
    to Exhibit 4.1, contained in Registrant’s Form SB-2 Registration Statement (File No. 333-31969) effective November 5,
    1997)                                                                      
|10.1    |  | CTI Industries Corporation 2001 Stock Option Plan (Incorporated by reference to Appendix E
    contained in Registrant’s Schedule 14A Definitive Proxy Statement, as filed with the Commission on May 21, 2001)                                                                                   
|10.2    |  | CTI Industries Corporation 2002 Stock Option Plan (Incorporated by reference to   Appendix
    A contained in Registrant’s Schedule 14A Definitive Proxy Statement, as filed with the Commission on May 15, 2002)                                                                                 
|10.3    |  | CTI Industries Corporation 2009 Stock Incentive Plan (Incorporated by reference to Schedule
    A contained in Registrant’s Schedule 14A Definitive Proxy Statement, as filed with the Commission on April 30, 2009)                                                                              











|10.4  |  | Credit Agreement between Harris N.A. and CTI Industries Corporation dated April
    29, 2010 (Incorporated by reference to Exhibit 10.2 contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                       
|----- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|10.5  |  | Mortgage and Security Agreement between Harris N.A. and the Company dated April 29, 2010 (Incorporated
    by reference to Exhibit 10.3 contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                       
|10.6  |  | Security Agreement between Harris N.A. and the Company dated April 29, 2010 (Incorporated
    by reference to Exhibit 10.4 contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                                    
|10.7  |  | Pledge Agreement between Harris N.A. and the Company dated April 29, 2010 (Incorporated by
    reference to Exhibit 10.5 contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                                      
|10.8  |  | Trademark License Agreement between S.C. Johnson & Son, Inc. and the Company dated December
    14, 2011 (Incorporated by reference to Exhibit 10.14 contained in Registrant’s Report on Form 10-K dated March 29, 2012)                        
|10.9  |  | Third Amendment to Credit Agreement between BMO Harris Bank, N.A. and the Company dated July
    17, 2012 (Incorporated by reference to Exhibit 10.1 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).                      
|10.10 |  | Replacement Revolving Note between BMO Harris Bank, N.A. and the Company dated July 17, 2012
    (Incorporated by reference to Exhibit 10.2 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).                               
|10.11 |  | Note and Warrant Purchase Agreement between BMO Private Equity, Inc. and the Company dated
    July 17, 2012 (Incorporated by reference to Exhibit 10.3 contained in Registrant’s Report on Form 10-Q dated August
    14, 2012).               
|10.12 |  | Warrant Agreement between BMO Private Equity (U.S.), Inc. and the Company dated July 17, 2012
    (Incorporated by reference to Exhibit 10.4 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).                              
|10.13 |  | Senior Secured Subordinated Promissory Note between BMO Private Equity (U.S.), Inc. and the
    Company dated July 17, 2012 (Incorporated by reference to Exhibit 10.5 contained in Registrant’s Report on Form 10-Q
    dated August 14, 2012).
|10.14 |  | Lease Agreement between Schultz Bros. Co. and the Company dated September 19, 2012 (Incorporated
    by reference to Exhibit 10.8 contained in Registrant’s Report on Form 10-Q dated November 14, 2012).                                       
|10.15 |  | Fourth Amendment to Credit Agreement between BMO Harris Bank, N.A. and the Company dated April 12, 2013. (Incorporated
    by reference to Exhibit 10.1 contained in Registrant’s Report on Form 10-Q dated May 15, 2013).                      











|10.16 |  | First Amendment to Note and Warrant Purchase Agreement between BMO Private Equity
    (U.S.), Inc. and the Company dated April 12, 2013. (Incorporated by reference to Exhibit 10.2 contained in Registrant’s
    Report on Form 10-Q dated May 15, 2013).                                                                                                     
|----- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|10.17 |  | Supply Agreement between Toray Plastics (America), Inc. and the Company dated December 30,
    2013 (Incorporated by reference to Exhibit 10.20 contained in Registrant’s Report on Form 10-K dated March 31, 2014).                                                                                                                                           
|10.18 |  | Consignment and Pay by Scan Agreement between Food Lion L.L.C. and CTI Supply, Inc. dated
    December 10, 2014.                                                                                                                                                                                                                                               
|10.19 |  | Fifth Amendment to Credit Agreement between BMO Harris Bank, N.A. and the Company dated December
    23, 2014.                                                                                                                                                                                                                                                 
|10.20 |  | Second Amendment to Note and Warrant Purchase Agreement between BMO Private Equity (U.S.),
    Inc. and the Company dated December 23, 2014.                                                                                                                                                                                                                   
|14    |  | Code of Ethics (Incorporated by reference to Exhibit contained in the Registrant’s Form
    10-K/A Amendment No. 2, as filed with the Commission on October 8, 2004)                                                                                                                                                                                           
|21    |  | Subsidiaries (description incorporated in Form 10-K under Item No. 1)                                                                                                                                                                                                                                                                                          
|23.1  |  | Consent of Independent Registered Public Accounting Firm, Plante & Moran, PLLC.                                                                                                                                                                                                                                                                                
|31.1  |  | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and rule 15d-14(a) of
    the Securities Exchange Act, as amended (filed herewith)                                                                                                                                                                                                         
|31.2  |  | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and rule 15d-14(a) of
    the Securities Exchange Act, as amended (filed herewith)                                                                                                                                                                                                         
|32    |  | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C.
    1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith)                                                                                                                                                                     
|99.1  |  | Audited financial statements of the Company’s subsidiary, Flexo Universal, S.A. de C.V. for the year ended December
    31, 2014.                                                                                                                                                                                                                              
|101   |  | Interactive Data Files, including
the following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, formatted in
XBRL: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of
Cash Flows, and (iv) the Notes to Consolidated Financial Statements.



| | (a) | The Exhibits listed in subparagraph (a)(3) of this Item 15
                                         are attached hereto unless incorporated by reference to a previous filing.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



(b)	 The Schedule listed in subparagraph
(a)(2) of this Item 15 is attached hereto.











SIGNATURES



In accordance with Section 13 or 15(d)
of the Exchange Act the Registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.



Dated: November 25, 2015



| | CTI INDUSTRIES CORPORATION
| | --------------------------
| | By:                       
| |                           
| |                           
| | By:                       
| |                           











EXHIBIT INDEX



|Exhibit |  |                                                                                                                                                                                                                                                                                                   
|------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |  | Document                                                                                                                                                                                                                                                                                          
|        |  |                                                                                                                                                                                                                                                                                                   
|3.1     |  | Third Restated Certificate of Incorporation of CTI Industries Corporation (Incorporated by
    reference to Exhibit A contained in Registrant’s Schedule 14A Definitive Proxy Statement for solicitation of written
    consent of shareholders, as filed with the Commission on October 25, 1999)
|3.2     |  | By-Laws of CTI Industries Corporation (Incorporated by reference to Exhibit 3.2, contained
    in Registrant’s Form SB-2 Registration Statement (File No. 333-31969) effective November 5, 1997)                                                                                                  
|4.1     |  | Form of CTI Industries Corporation’s common stock certificate (Incorporated by reference
    to Exhibit 4.1, contained in Registrant’s Form SB-2 Registration Statement (File No. 333-31969) effective November 5,
    1997)                                                                      
|10.1    |  | CTI Industries Corporation 2001 Stock Option Plan (Incorporated by reference to Appendix E
    contained in Registrant’s Schedule 14A Definitive Proxy Statement, as filed with the Commission on May 21, 2001)                                                                                   
|10.2    |  | CTI Industries Corporation 2002 Stock Option Plan (Incorporated by reference to   Appendix
    A contained in Registrant’s Schedule 14A Definitive Proxy Statement, as filed with the Commission on May 15, 2002)                                                                                 
|10.3    |  | CTI Industries Corporation 2009 Stock Incentive Plan (Incorporated by reference to Schedule
    A contained in Registrant’s Schedule 14A Definitive Proxy Statement, as filed with the Commission on April 30, 2009)                                                                              
|10.4    |  | Credit Agreement between Harris N.A. and CTI Industries Corporation dated April 29, 2010 (Incorporated by reference to
    Exhibit 10.2 contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                                                                         
|10.5    |  | Mortgage and Security Agreement between Harris N.A. and the Company dated April 29, 2010 (Incorporated by reference to
    Exhibit 10.3 contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                                                                         
|10.6    |  | Security Agreement between Harris N.A. and the Company dated April 29, 2010 (Incorporated by reference to Exhibit 10.4
    contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                                                                                      











|10.7  |  | Pledge Agreement between Harris N.A. and the Company dated April 29, 2010 (Incorporated by reference
    to Exhibit 10.5 contained in Registrant’s Report on Form 10-Q dated May 14, 2010)                                                            
|----- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|10.8  |  | Trademark License Agreement between S.C. Johnson & Son, Inc. and the Company dated December 14, 2011 (Incorporated
    by reference to Exhibit 10.14 contained in Registrant’s Report on Form 10-K dated March 29, 2012)                              
|10.9  |  | Third Amendment to Credit Agreement between BMO Harris Bank, N.A. and the Company dated July 17, 2012 (Incorporated by
    reference to Exhibit 10.1 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).                            
|10.10 |  | Replacement Revolving Note between BMO Harris Bank, N.A. and the Company dated July 17, 2012 (Incorporated by reference
    to Exhibit 10.2 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).                                     
|10.11 |  | Note and Warrant Purchase Agreement between BMO Private Equity, Inc. and the Company dated July 17, 2012 (Incorporated
    by reference to Exhibit 10.3 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).                         
|10.12 |  | Warrant Agreement between BMO Private Equity (U.S.), Inc. and the Company dated July 17, 2012 (Incorporated by reference
    to Exhibit 10.4 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).                                    
|10.13 |  | Senior Secured Subordinated Promissory Note between BMO Private Equity (U.S.), Inc. and the Company dated July 17, 2012
    (Incorporated by reference to Exhibit 10.5 contained in Registrant’s Report on Form 10-Q dated August 14, 2012).          
|10.14 |  | Lease Agreement between Schultz Bros. Co. and the Company dated September 19, 2012 (Incorporated by reference to Exhibit
    10.8 contained in Registrant’s Report on Form 10-Q dated November 14, 2012).                                             
|10.15 |  | Fourth Amendment to Credit Agreement between BMO Harris Bank, N.A. and the Company dated April 12, 2013. (Incorporated
    by reference to Exhibit 10.1 contained in Registrant’s Report on Form 10-Q dated May 15, 2013).                            
|10.16 |  | First Amendment to Note and Warrant Purchase Agreement between BMO Private Equity (U.S.), Inc. and the Company dated April
    12, 2013. (Incorporated by reference to Exhibit 10.2 contained in Registrant’s Report on Form 10-Q dated May 15, 2013).
|10.17 |  | Supply Agreement between Toray Plastics (America), Inc. and the Company dated December 30, 2013 (Incorporated by reference
    to Exhibit 10.20 contained in Registrant’s Report on Form 10-K dated March 31, 2014).                                  
|10.18 |  | Consignment and Pay by Scan Agreement between Food Lion L.L.C. and CTI Supply, Inc. dated December 10, 2014.                                                                                                                                          
|10.19 |  | Fifth Amendment to Credit Agreement between BMO Harris Bank, N.A. and the Company dated December 23, 2014.                                                                                                                                            











|10.20 |  | Second Amendment to Note and Warrant Purchase Agreement between BMO Private Equity (U.S.), Inc. and
    the Company dated December 23, 2014.                                                                                                                                                                                                                                           
|----- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|14    |  | Code of Ethics (Incorporated by reference to Exhibit 14 contained in the Registrant’s
    Form 10-K/A Amendment No. 2, as filed with the Commission on October 8, 2004)                                                                                                                                                                                                                
|21    |  | Subsidiaries (description incorporated in Form 10-K under Item No. 1)                                                                                                                                                                                                                                                                                                                  
|23.1  |  | Consent of Independent Registered Public Accounting Firm, Plante & Moran, PLLC.                                                                                                                                                                                                                                                                                                        
|31.1  |  | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) and rule 15d-14(a) of
    the Securities Exchange Act, as amended (filed herewith)                                                                                                                                                                                                                                 
|31.2  |  | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) and rule 15d-14(a) of
    the Securities Exchange Act, as amended (filed herewith)                                                                                                                                                                                                                                 
|32    |  | Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C.
    1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith)                                                                                                                                                                                             
|99.1  |  | Audited financial statements of the Company’s subsidiary, Flexo Universal, S.A. de C.V.
    for the year ended December 31, 2014.                                                                                                                                                                                                                                                      
|101   |  | Interactive Data Files, including
        the following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, formatted
        in XBRL: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements
        of Cash Flows, and (iv) the Notes to Consolidated Financial Statements.