YORK Label Begins Partnership with Diamond Castle
OMAHA, NE, August 8, 2008 - LabelCorp Holdings, Inc. (“YORK Label”), a leading provider of high quality, innovative labeling and packaging solutions, announced today that the Company has formalized its partnership with Diamond Castle Holdings, LLC (“Diamond Castle”) of New York. The sale transaction closed today.
In June of this year, Diamond Castle, in partnership with YORK Label’s Senior Management Team, signed a definitive purchase agreement with Wind Point Partners of Chicago, Illinois. YORK Label’s Senior Management Team will remain in place and maintain a significant ownership stake in the Company.
YORK Label has steadily become a leading force in the prime label market throughout North and South America. The Company is a leading provider of high quality, innovative labeling and packaging solutions to global consumer products, wine and spirits, pharmaceutical, and food and beverage companies. Headquartered in Omaha, Nebraska, YORK Label has 14 world-class production facilities and 15 sales and technical offices throughout the Americas.
YORK Label CEO Rich Egan comments, “We are very excited about our new partnership with Diamond Castle. This new partnership will allow YORK Label to continue to grow through investment in new technologies and strategic acquisitions to best serve the needs of our customers and core markets.”
“We are extremely pleased to be partnering with Rich and the entire YORK Label Senior Management Team to continue executing upon the strategic vision of creating the premier, global provider of high quality labeling solutions,” said Ari Benacerraf, a Senior Managing Director of Diamond Castle.
YORK Label Acquires Etiprak, S.A. and Etiquetas Industriales, LTDA
Omaha, NE, March 11, 2008 - YORK Label announced today it has acquired Etiprak, S.A. through its Cameo-Marinetti joint venture, and a 50% interest in Etiquetas Industriales Ltda., both located in Santiago, Chile.
These Chilean acquisitions provide the platform for YORK Label to continue its aggressive expansion path to become a global provider of premium and innovative labeling solutions. Combined with our existing Cameo-Marinetti joint venture, these acquisitions create the largest single provider of label products in the Chilean market.
Founded in 1982, Etiprak was the first Chilean company to produce pressure sensitive labels for the wine industry. Recognized for its high quality products and tremendous customer service reputation, Etiprak focuses primarily on the wine & spirits and consumer products markets. Its customers include several major Fortune 100 companies. In 2007, the company began the manufacturing of decorative shrink sleeve labels. Etiprak employs state-of-the-art equipment and technology which features high-end combination flexo, screen, foil stamping, embossing and laminating.
Etiquetas Industriales produces premium pressure sensitive labels primarily for the consumer products market. Launced in 2006 by Marinetti Packaging, the company employs the latest cutting edge manufacturing technologies and provides YORK Label entry into the South American consumer products market.
Rich Egan, President and CEO of YORK Label stated, "We are extremely pleased to announce the acquisition of Etiprak and Etiquetas Industriales. These new partnerships provide YORK Label a commanding leadership position in the Chilean wine & spirits market. We expect to continue executing our strategy to expand our platform to become a preeminent global provider of premium labeling solutions to the consumer products, wine & spirits, pharmaceutical, and food & beverage markets.
About YORK Label
Omaha, Nebraska based YORK Label is a leading provider of high quality, innovative labeling technologies to major global consumer goods, wine & spirits, pharmaceutical and food & beverage companies. The company has 13 state-of-the-art production facilities with over 800 employees throughout North and South America.
YORK Label Acquires Cameo Crafts and Package Service Company
Industry-leading YORK adds PSC and Cameo to growing list of acquisitions
Omaha, NE, October 25, 2007 - YORK Label CEO Rich Egan announced today that YORK has completed the acquisitions of both Cameo Crafts and Package Service Company, LLC. YORK is a leading manufacturer of pressure sensitive labels with locations in El Dorado Hills, California, Omaha, Nebraska, Asheville, North Carolina and York, Pennsylvania. With the acquisitions of these two companies, YORK Label will become a multi-national company, approximately doubling the number of associates and increasing in size from five to 11 state-of-the-art facilities.
Cameo Crafts is an innovative, solutions-oriented leader in high-end decorative labeling and packaging technologies based in Canada and the US. Cameo specializes in the pharmaceutical and wine and spirits markets, and has three facilities in Montreal Canada, one facility in Toronto, Canada, and one facility in Sonoma, California. Cameo Crafts will operate as Cameo Crafts, a YORK Label Company.
Package Service Company (PSC) is a pressure-sensitive label company located in Kansas City, Missouri. PSC specializes in four core markets: personal care, beverages, household products, and food. PSC has one facility, which will become YORK Label, Kansas City.
Simultaneous to the closing of these two transactions, York Label has also purchased a 50% ownership in a joint venture with Marinetti Packaging. The joint venture will operate under the name of Cameo Marinetti and is located in Santiago, Chile.
YORK Label Chief Executive Officer Rich Egan comments, “With the acquisitions of Cameo Crafts, PSC and the 50% ownership in Cameo Marinetti, YORK continues to make immense progress in reaching our goal of becoming a significant global supplier partner to our major customers and markets. Cameo has a history of double-digit organic growth, and all three of these additions to YORK will give us a great edge in our efforts towards generating above-market organic growth. In the future, YORK will continually look to also grow acquisitively by remaining very active in the search for the right add-on acquisitions to this business.”
About YORK Label
YORK Label is one of North America’s largest label producers and the third largest producer of prime, pressure sensitive labels in the country. YORK is an industry-leading provider of high quality, innovative labeling technologies to major global consumer goods, pharmaceutical, food & beverage and wine & spirits companies. Headquartered in Omaha, NE, YORK currently has eleven state-of the art production facilities: two in Omaha, one in Asheville, NC, one in York, PA, one in El Dorado Hills, CA, one in Sonoma, CA, three in Montreal, Canada, one in Toronto, Canada, and one in Kansas City, MO. YORK Label also maintains a 50% ownership in the Cameo Marinetti joint venture located in Santiago, Chile. Additional information about YORK Label can be found at www.yorklabel.com.
YORK LABEL ACQUIRES A KEY QUALITY ASSURED LABEL FACILITY
Omaha, NE, December 6, 2006 - YORK Label, a leading manufacturer of pressure sensitive labels with locations in El Dorado Hills, California, Omaha, Nebraska and York, Pennsylvania, announced today that is has acquired the Asheville division of Quality Assured Label (QAL). YORK Label was formed by Wind Point Partners, a private equity investment firm, in partnership with CEO Rich Egan, in March 2006.
The Asheville, North Carolina division of QAL boasts a wide array of patented and innovative production capabilities, and is a high-quality manufacturer of brand identity labels for the personal care and household goods markets. The division produces a variety of premium, pressure sensitive label products utilizing state-of-the-art multicolor presses.
YORK Label Chief Executive Officer Rich Egan comments, "With the purchase of this particular Quality Assured Label facility, YORK continues to make great strides towards the goal of gaining geographic productions coverage across the country. This addition to the YORK family serves as a tremendous expansion opportunity, because not only do we anticipate increased value creation and remarkable organic growth, but we also foresee improved service to our customers. This is an excellent opportunity to strengthen existing customer relationship as well as to form new ones.
About YORK Label
The former YORK Label Holdings, Inc. of York, PA merged on March 17, 2006 with Industrial Label Corporation of Omaha, NE to form the current YORK Label. The company is now owned by Wind Point Partners. YORK is one of North America's largest label producers and the third largest producer of prime, pressure sensitive labels in the country. YORK Label is headquartered in Omaha, NE, and currently has four, state-of-the art production facilities: two in Omaha, one in York, PA and one in El Dorado Hills, CA. Additional information about YORK Label can be found at www.yorklabel.com
About Wind Point Partners
Wind Point Partners is a private equity investment firm with $2 billion in capital under management. Wind Point focuses on partnering with top caliber executives to acquire solid middle market businesses with a clear path to value creation. Additional information about Wind Point is available at www.wppartners.com
YORK LABEL ACQUIRES LSK LABEL CO.
Omaha, NE, November 7, 2006 - YORK Label, a leading manufacturer of pressure sensitive labels with locations in Omaha, Nebraska and York, Pennsylvania, announced today that is has acquired LSK Label Co. ("LSK") of El Dorado Hills, California. Founded in1974, LSK has become a major label supplier to the wine, food and beverage industries, and has undergone tremendous growth within the past three years.
YORK Label Chief Executive Officer Rich Egan comments, "With the LSK acquisition, YORK has made great progress in reaching our goal of gaining geographic production coverage across the country. In addition, the LSK acquisition serves as a tremendous expansion within one of our core markets, the wine and spirits industry. Not only do we foresee improved service to our customers, but we also anticipate increased value creation based on the remarkable organic growth rates that LSK has achieved in the past."
More information about LSK Label Co. can be found at www.lsklabel.com
About YORK Label
The former YORK Label Holdings, Inc. of York, PA merged on March 17, 2006 with Industrial Label Corporation of Omaha, NE to form the current YORK Label. The company is now one of North America's largest label producers and the third largest producer of prime, pressure sensitive labels in the country. YORK Label is headquartered in Omaha and one in York, PA. Additional information about YORK Label can be found at www.yorklabel.com
About Wind Point Partners
Wind Point Partners is a private equity investment firm with offices in Chicago, Illinois and Southfield, Michigan and with $2 billion in capital under management. Wind Point focuses on partnering with top caliber executives to acquire solid middle market business with a clear path to value creation. Additional information about Wind Point is available at www.wppartners.com
WIND POINT PARTNERS, YORK LABEL HOLDINGS, INC., AND INDUSTRIAL LABEL CORPORATION FORM YORK LABEL
Chicago, IL, March 20, 2006 – Wind Point Partners, a private equity investment firm with offices in Chicago, Illinois and Southfield, Michigan, today announced that it has simultaneously acquired YORK Label Holdings, Inc. ("YORK") and Industrial Label Corporation ("ILC"), which Wind Point will combine to form a new company, York ILC. Wind Point entered the transaction in partnership with Rich Egan, who will assume the role of Chief Executive Officer upon closing and brings over 30 years of experience in the print and label industry.
YORK and ILC are both leading manufacturers of pressure sensitive labels used in the consumer products, food, beverage, entertainment and healthcare industries. Combined, YORK ILC will be the seventh largest label producer in the U.S. and the third largest producer of pressure sensitive labels.
"Wind Point sees the union of York Label and Industrial Label Corporation, two solid middle market companies, as an ideal opportunity for Wind Point to partner with a top caliber executive who has the skill set to integrate the two companies and lead them on a clear and cohesive path to value creation," said Michael Nelson, principal at Wind Point Partners.
About Wind Point Partners
Wind Point Partners is a private equity investment firm with offices in Chicago, Illinois, and Southfield, Michigan that manages over $1.8 billion in capital. Wind Point focuses on partnering with top caliber management teams to acquire solid middle market business with a clear path to value creation. Wind Point has successfully invested in more than 80 companies since 1984. Additional information about Wind Point is available at www.wppartners.com
About York Label Holdings, Inc.
Founded in 1947 and based in York, PA, York is a leading manufacturer of pressure sensitive labels used in consumer products, entertainment, direct mail and healthcare markets. York's largest customers include Capital One, Colgate, L'Oreal, Unilever and Boston Scientific. Its products include labels applied to consumer product packages, DVD security labels, stickers for direct mail applications and technical labels for identification and tracking of medical products.
About Industrial Label Corporation
Founded in 1961 and based in Omaha, NE, ILC produces labels used in the food, beverage and consumer products industries. ILC's largest customers include Tyson Foods, E&J Gallo, Procter & Gamble and ConAgra. ILC is the exclusive label provider to all 108 Tyson beef, poultry and pork processing facilities. It also produces labels for brands such as Crest ProHealth, Healthy Choice, Butterball and Gallo wines.
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