Resource Label Group, a full-service provider of pressure sensitive label, shrink sleeve and RFID/NFC products for the packaging industry, has announced that it has acquired Ingenious Packaging, a labeling solutions provider. Terms of the transaction were not disclosed.
Resource Label is a long-standing portfolio company of First Atlantic Capital, a private investment firm, and TPG Growth, the middle market and growth equity investment platform of TPG, which joined the Resource Label sponsorship group as a significant investor in May 2018.
Located in Toronto, Canada, Ingenious services customers across the food, beverage, health and beauty, spirits, nutraceutical, distribution, tobacco and pharmaceutical industries. Ingenious is fully equipped with flexographic, digital and offset printing capabilities and the ancillary finishing assets to offer a full breadth of pressure sensitive, cut and stack and in-mold labels, as well as shrink sleeves and banding products.
"I am honored to welcome the talented team at Ingenious to our growing family," says Bob Simko, president and CEO of Resource Label. "Resource Label, with the backing of First Atlantic and TPG Growth, will provide the support to meet both the current and future growth needs of Ingenious' customers throughout North America, with special focus on our foundation of Canadian customers. As an initial sign of the commitment to Ingenious' employees, customers and capital expansion strategy, I am pleased to announce that we have placed an order for a new 17" wide Mark Andy P7 flexographic press for the facility."
Roberto Buaron, chairman and CEO of First Atlantic Capital, adds, "We are pleased to continue to pursue the growth of the Resource Label platform, which includes 11 acquisitions since our initial investment in 2011."
Emilio Pedroni, managing director at First Atlantic Capital, adds, "Ingenious has a distinguished customer base and great employees, and is a valued addition to Resource Label."
Ransom Langford, a partner at TPG Growth, states, "We're pleased with the Ingenious acquisition, the first after our investment in Resource Label, and we look forward to helping Ingenious support its customers and grow its business."
Louis Mitchell, managing director at Mesirow Financial, which served as lead financial advisor to Ingenious, says, "Resource Label is led by an experienced management team, owned by two investment firms with significant experience in the packaging sector--First Atlantic and TPG Growth--and will be an excellent partner for Ingenious moving forward."
INOVAR PACKAGING ACQUIRES TOPP LABELS
* Inovar Packaging Group, a portfolio company of AEA Investors LP, has announced the acquisition of Topp Labels. Headquartered in Dallas, TX, Inovar is a leading specialty converter of prime labels, shrink sleeves and flexible packaging solutions serving blue-chip customers within a diverse set of end markets, including, among others, health and personal care, sports nutrition/nutraceuticals, industrial products, pet food and supplies, and food and beverage.
Inovar's mission is to serve the needs of specialty consumer and industrial product companies requiring fast response, speed-to-market and dedicated personal service while offering multiple press options and converting platforms with complex decorative capabilities.
Topp, located in Miami, FL, is a custom manufacturer of pressure sensitive prime labels and flexible packaging products focused on the client experience of high-touch customer service and speed-to-market to serve the emerging needs of their dynamic customer base.
John Attayek, CEO of Inovar, comments, "Topp Labels provides an excellent tuck-in acquisition for our Florida platform in Fort Lauderdale that mirrors our core competencies in high-end flexographic and digital prime label and flexible packaging solutions. The addition of Topp's seasoned sales executives, with over 70 combined years in the label industry and experienced production employees, coupled with our excellent staff in Fort Lauderdale, will further bolster our ability to serve the Florida and Southeastern US market with the very best in customer service and label and packaging products to drive their brands."
The company plans to acquire more prime label and flexible packaging converters in the near future in partnership with AEA Investors SBF LP.
Attayek adds, "We pride ourselves on our ability to meet the demanding quality, service and delivery requirements of today's fast-paced production and distribution environments. We seek label and flexible packaging companies in combination with business owners and management who align with our culture and overall strategy. We understand the complex needs of growing consumer and industrial products companies and believe there is a large section of this market that is being underserved from a personal service and speed-to-market perspective. Further, we are focused on extending
Inovar's reach into other major prime label markets in the Mid-Atlantic, Central, and Western regions of the country. Expanding into these key areas will enhance our ability to respond quickly to serve clients of all sizes, including enterprise-class organizations with multiple locations."
VERSA-TAGS ADDS TWO COLORDYNE 3600 SERIES AQ - RETROFITS
* Versa-Tags Inc., a print provider for the specialty advertising market, has installed two Colordyne 3600 Series AQ - Retrofits at its Cuba, MO-based facility to expand its product offerings and enhance turnaround times. The company is using its digital retrofit print engines to produce full color promotional tags and pressure sensitive labels while exploring new applications that require digital print capabilities.
Versa-Tags owns and operates a variety of printing equipment to provide the specialty advertising market with custom tags, decals, labels, plastic signage and other promotional materials. The company's primary focus is in the automotive industry, supplying car dealerships with custom printed products like key tags and decals. Versa-Tags manages thousands of different SKUs and serves over 1,000 different customers every year through its distribution network.
Before investing in a full color digital print solution from Colordyne, Versa-Tags relied on flexographic and monochrome digital printing to produce its tags and labels. Due to the cost of plates required for flexographic production, Versa-Tags had to turn away short-run or high-mix, low-volume jobs requiring full color printing in roll form.
"Our goal is shipping on time, every time to our customers," says Nathan Garden, vice president and general manager of Versa-Tags. "This promise, and our high expectations for customer service, sets us apart from our competition. Installing the 3600 Series AQ - Retrofits from Colordyne allows us to keep this promise to customers and reduce production times to get product out faster."
The Colordyne 3600 Series AQ - Retrofit features a user-friendly computer platform and interface, allowing press operators to go from digital artwork to printed material in less time than traditional printing methods. The 3600 Series AQ - Retrofit prints at 275 fpm in its highest resolution mode, 1600 x 1375 dpi. The digital inkjet print engine uses a dedicated printhead for each color channel, CMYK plus an optional spot color, to deliver vivid, high resolution images.
"When looking to add full color digital equipment, we knew we wanted a retrofit solution," says Garden. "Retrofitting provided us with the CMYK short run and variable data capabilities at the price point we were looking for. This included not wanting to pay for additional finishing we already had in our pressroom."
The 3600 Series AQ - Retrofit allows Versa-Tags to take advantage of its existing tooling and finishing equipment inline by mounting on top of an existing flexo press in its facility. With digital print capabilities, Versa-Tags is taking on jobs it could not before, like variable data and bar coding. The company can challenge itself with a new range of applications and customer requests.
"The ROI on this equipment isn't just a dollar figure for us," says Garden. "It is bringing us new customers that can grow within our business, on both the digital press and our other equipment."
QUANTUM DESIGN ACQUIRES CTC INTERNATIONAL
* Quantum Design Inc. of Loves Park, IL, USA, has announced the acquisition of CTC International Inc. of West Caldwell, NJ. CTC will join KTI, a fellow converting equipment manufacturer, in the Quantum Design family of products.
Through its experience working with KTI, Quantum Design has a grasp on the web handling and converting equipment industry and will be able to shed new light on the CTC product line. Like KTI, CTC offers a well-known line of turret rewinders, automatic splicers, waste matrix winders and unwind/rewind stands to industries such as packaging, tag and label, printing, film and more.
Danny Pearse and David Culvey, owners of Quantum Design, have worked hard with the KTI team since that acquisition in 2014 to improve the KTI product line by creating an R&D team, offering new products, product improvements, better service and improving the overall company culture. They are excited to jump right into doing the same for the CTC product line. "This acquisition will bring not only a whole new customer base to our company, but also a new range of products and services to our existing customer base," says Pearse of the acquisition. "We look forward to offering new and current customers for both CTC and KTI a product solution and level of service they may not have experienced before."
Quantum Design is in the process of relocating CTC's assets and data to their South Beloit, IL location, home to KTI's manufacturing facility. They hope to complete this process by the end of next week so they can jump right into helping existing CTC customers.
AWT LABELS & PACKAGING RENEWS PIM GREAT PRINTER CERTIFICATION FOR 10TH...