First Atlantic and TPG Add Another Label Maker

Resource Label Group, a portfolio company of First Atlantic Capital and TPG Growth, has acquired Labels West.

Labels West provides flexographic and digital printing for labels, paper, film, and tags in more than 8,000 custom and standard shapes and sizes, and up to 12 colors.

The customers of Label West have included Microsoft, Starbucks, Nintendo, Kroger, Proactiv and Stila Cosmetics among many others. Labels West, led by President John Shanley, was founded in 1978 and is headquartered near Seattle in Woodinville, Washington.

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 eighteen locations and more than 1,300 employees in the US and Canada. The company, led by CEO Mike Apperson, is headquartered in Franklin, Tennessee. RLG was acquired by First Atlantic in April 2011 and TPG invested in the company in May 2018.

“The talented team at Labels West has been extremely successful in building top-level customer relationships,” said Emilio Pedroni, a managing director at First Atlantic. “They represent another important addition to the Resource Label organization, and we look forward to continued growth.”

The buy of Labels West is RLG’s second add-on acquisition in the state of Washington and its eighteenth overall including Tennessee-based Mid-South RFID (September 2007); Illinois-based Pamco Label (July 2011); Rhode Island-based Fox Tag and Label (July 2011); Massachusetts-based Oxford Graphics (March 2014); California-based The Label Company (October 2014); Ontario-based A1 Label (December 2014); Oregon-based Taylor Made Labels (October 2015); Utah-based LithoFlexo Grafics (February 2016); Washington-based Advanced Labels NW (November 2016); Alabama-based RayPress Corporation (December 2016); California-based Cellotape/Landmark Label ( March 2017); New York and Texas-based Gintzler International (March 2017); Ontario-based Ingenious Packaging (July 2018); California-based Paragon Label (August 2018); California-based Spectrum Label (November 2018); Best Label (November 2018); and California-based Axiom Label & Packaging (February 2020).

“We are excited to expand our presence in the Northwest. Adding partners such as Labels West continues to support our growth strategy in key markets,” said Ransom Langford, a partner at TPG Growth.

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 Growth is the middle market and growth equity investment platform of TPG and currently manages approximately $15 billion in assets across a variety of sectors including healthcare, consumer, media, technology, and business services. TPG invests in a wider 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 is headquartered in San Francisco and Fort Worth.

© 2020 Private Equity Professional | December 15, 2020

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