Fort Dearborn Company, a portfolio company of KRG Capital Partners, has acquired SleeveCo, a family-owned manufacturer of shrink sleeve and stretch sleeve labels. Fort Dearborn was acquired by KRG through the firm’s fifth fund in August 2010.
SleeveCo manufactures its shrink, stretch, and super-stretch sleeve labels using flexographic (flat rubber or soft plastic plates) and rotogravure (cylindrical metal) presses. The company has the capability to print on a variety of substrates using a range of inks including metallics, pearlescents, and thermochromatics. Customers include both Fortune 100 consumer products companies and smaller businesses. SleeveCo was founded in 1987 and has approximately 125 employees. The company has one label production plant at its headquarters in Dawsonville, GA (www.sleeveco.com).
Fort Dearborn 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. Fort Dearborn is headquartered in the Chicago suburb of Elk Grove and has approximately 1,550 employees (www.fortdearborn.com).
The buy of SleeveCo, the fourth add-on acquisition for Fort Dearborn under KRG’s ownership, builds the company’s position in shrink sleeves and expands its product line to include stretch sleeve capabilities. The company, with the addition of SleeveCo’s facility in Dawsonville, will now have fifteen production locations across North America.
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 $4.5 billion of capital under management and is based in Denver (www.krgcapital.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 6-3-16
