Fort Dearborn Company, a diversified supplier of labels and a portfolio company of KRG Capital, has acquired Core Label, a supplier of roll-fed labels to the beverage market.
Core Label supplies billions of labels each year to the beverage market and has customers that include Coca-Cola and Nestle Waters. The company has facilities in Tyrone, PA and Palm City, FL and has approximately 145 employees (www.corelabel.com).
Fort Dearborn, acquired by KRG in August 2010, is a supplier of labels for the beverage, food, household products, paint and coatings, personal care, private label/retail and spirits markets. The company provides cut & stack, pressure sensitive, roll-fed and shrink-sleeve labels across multiple print technologies including digital, flexographic, offset lithographic and rotogravure. Headquartered near Chicago in Elk Grove, IL, the company has twelve operating divisions in North America and approximately 1,400 employees (www.fortdearborn.com).
“The Core Label acquisition continues Fort Dearborn’s strategy to expand its product and service offerings to meet customers’ desires for a complete and innovative set of label options. We are excited to add the talented Core Label associates to the Fort Dearborn team,” said Chris Lane, Managing Director of KRG.
KRG Capital specializes in acquiring and recapitalizing unique and profitable middle-market companies that have from $10 million to $100 million or more of EBITDA. Founded in 1996, KRG has $4.4 billion of capital under management and is based in Denver (www.krgcapital.com).
The acquisition of Core Label is the 223rd investment (46 platforms and 177 add-ons) that KRG has completed since its founding.
© 2015 PEPD • Private Equity’s Leading News Magazine • 6-25-15
