Resource Label Closes Add-On Number Seventeen

 Resource Label Group, a portfolio company of First Atlantic Capital and TPG Growth, has acquired Axiom Label & Packaging. Resource Label was acquired by First Atlantic in April 2011 and TPG invested in the company in May 2018.

Axiom’s products include pressure-sensitive, shrink sleeve, extended content (labels that fold out from the package to provide in-depth product information) and flexible packaging used in the food, beverage, nutraceutical, personal care and health and beauty sectors. The company is headquartered near Los Angeles in Compton, California.

“We are extremely excited to join Resource Label Group,” said Kieron Delahunt, former CEO and founder of Axiom Label. “Resource Label shares our vision in developing a world-class organization that continually exceeds customers’ expectations. This partnership is key to supporting our vision and the growth plans for our business.”

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 in the food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology industries. RLG has seventeen locations and more than 1,300 employees in the US and Canada. The company, led by CEO Mike Apperson, is headquartered in Franklin, Tennessee.

The buy of Axiom is RLG’s sixth add-on acquisition in California and its seventeenth overall 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); Best Label (November 2018); and the latest add-on acquisition of Axiom 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 more than 70 companies and consolidated them into 22 major platforms. The firm is based in New York.

TPG invests in a wide range of asset classes, including private equity, growth equity, real estate, credit, and public equity. The firm, founded in 1992, has more than $84 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore.

© 2020 Private Equity Professional | February 6, 2020

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