Field Ventures has acquired Label Arts, a provider of labels used in the medical industry.
Label Arts produces chemical resistant labels that are used in harsh laboratory environments. The company also provides its customers with a range of label products, from paper labels to value-added labels manufactured to comply with stringent medical industry standards. Label Arts was founded in 1975 and is based in Kemp, TX (www.labelarts.com).
Field Ventures was founded by packaging industry executive Larry Field, the former owner and CEO of Field Container Company, an integrated folding carton company, until its acquisition by Altivity Packaging in 2006. The firm is based in Northbrook, IL (www.fieldholdings.com).
Blaige & Company (www.blaige.com), a Chicago-based investment bank exclusively dedicated to the packaging, plastics and chemicals industries, advised Label Arts on the transaction.
“Blaige & Company research estimates that 52% of the top 50 U.S. label converters have merged or been sold since 2001 due to a long-term consolidation trend. Label converters with less than $250 million in sales are gradually losing market share to their stronger competitors and must consider aggressive M&A strategies, including strategic acquisitions and selective divestitures, in order to maintain a competitive position in a consolidating industry. Field Holdings will continue to focus on the future growth and success of Label Arts.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-9-13
