Resource Label Group, a portfolio company of First Atlantic Capital and TPG Growth, has acquired Best Label Company. Resource Label was acquired by First Atlantic in April 2011 and TPG Growth invested in the company in May 2018.
Best Label is a maker of pressure sensitive, extended content and promotional labels used in the food, beverage, health and beauty, pharmaceutical, automotive, agricultural and chemical industries.
The company has facilities in Cerritos, CA (headquarters) and Union City, CA and considers itself to be one of the largest label manufacturers on the west coast (www.bestlabel.com).
Resource Label Group (RLG) is a manufacturer of pressure sensitive labels, shrink sleeves, radio-frequency identification (RFID) and near field communication (NFC) products. The company’s labeling products are used by more than 6,000 customers in the food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology industries. RLG has eighteen locations and more than 1,300 employees in the US and Canada. The company is headquartered in Franklin, TN (www.resourcelabel.com).
“I am honored that Best Label has joined the Resource Label Group team. Best Label brings a group of talented individuals, a high level of product quality and innovative packaging solutions to our organization,” said Mike Apperson, President & CEO of Resource Label Group. “I look forward to working closely with the team to continue to serve our growing customer base across North America.”
“Best Label has an outstanding group of dedicated employees, diverse client base, and is a valued addition to Resource Label Group,” said Roberto Buaron, Chairman and CEO First Atlantic Capital. “We are pleased to continue to support Resource Label’s expansion.” Earlier this month, RLG acquired Spectrum Label, a Hayward, CA-based supplier of pressure sensitive labels used in the food, medical and pharmaceutical sectors (www.spectrumlabel.com).
Resource Label has grown both organically and through a series of 16 add-on acquisitions as follows: Mid South RFID (acquired September 2007) (Franklin, TN); Pamco Label (July 2011) (Chicago, IL); Fox Tag and Label (July 2011) (Providence, RI); Oxford Graphics (March 2014) (Boston, MA); The Label Company (October 2014) (Los Angeles, CA); A1 Label (December 2014) (Toronto, ON); Taylor Made Labels (October 2015) (Portland, OR); LithoFlexo Grafics (February 2016) (Salt Lake City, UT); Advanced Labels NW (November 2016) (Seattle, WA); RayPress Corporation (December 2016) (Birmingham, AL); Cellotape/Landmark Label ( March 2017)(Newark, CA); Gintzler International (March 2017) (Buffalo, NY and Liberty Hill, TX); Ingenious Packaging (July 2018) (Toronto, ON); Paragon Label (August 2018) (Petaluma, CA); Spectrum Label (November 2018) (Hayward, CA) and the latest add-on acquisition, Best Label.
First Atlantic invests in middle-market companies that are active in the plastics and packaging, food and beverage, consumer and industrial products, and business services sectors. Since its inception in 1989, First Atlantic has acquired 70 companies and consolidated them into 22 major platforms. The firm is based in New York (www.firstatlanticcapital.com).
TPG Growth is the middle market and growth equity investment platform of TPG which was founded in 1992 and makes investments throughout North America, Europe, Asia and Australia. Sectors of interest include industrials, retail, consumer, financial services, travel and entertainment, technology, media and communications, and healthcare. In December 2017, TPG Growth held a final closing of its fourth fund, TPG Growth IV LP, at its hard cap of $3.7 billion in commitments. The firm has offices in San Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo, Shanghai, Singapore and Tokyo (www.tpg.com) (www.tpggrowth.com).
© 2018 Private Equity Professional | November 16, 2018