Quad-C Management has acquired Catapult Print and Packaging, a provider of specialty labels.
Catapult’s products include pressure-sensitive, linerless, and wraparound labels, as well as flexible packaging that is used in a range of sectors including food service, industrial, and consumer. According to the company, it is one of only two printers in the United States producing linerless labels.
Linerless labels are, quite simply, pressure-sensitive labels that do not have a liner. They are made with a special release coating applied to the face of the label which allows the labels to be wound on a roll without the adhesive sticking to the label below it.
Orlando-headquartered Catapult was founded in 2018 by CEO Mark Cook and its management team includes his sons President Lewis Cook and Chief Marketing Officer Ashley Cook.
“We view Quad-C as the ideal partner to support the next phase of growth at Catapult given their long history of investing in family-owned businesses, we have a shared vision to build a national platform and are excited to have a like-minded partner in Quad-C to help our team execute on our growth plan,” said Lewis Cook.
“We have evaluated the label market for years and view Catapult as a differentiated platform. We share management’s enthusiasm regarding the partnership and growth outlook,” said Frank Winslow, a partner at Quad-C.
Quad-C invests in companies with enterprise values of $50 million to $400 million. Sectors of interest include business and consumer services, general industrial, healthcare, specialty distribution, and transportation and logistics. Quad-C was founded in 1989 and is headquartered in Charlottesville, Virginia.
Deloitte Corporate Finance was the financial advisor to Catapult on this transaction.
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