LUX Global Label, a portfolio company of Resilience Capital Partners, has acquired Labelworx.
Labelworx is a provider of digital labels and packaging products and is also a distributor of labeling systems made by Herma, CTM, EAM, Zebra, Sato and Tharo. The company was co-founded in 2004 by President Jack Lang and is headquartered near Philadelphia in Levittown, Pennsylvania.
Lux Global Label (formerly National Label) is a provider of labeling, security and specialty packaging products used in the branded consumer products industry. The company is headquartered near Philadelphia in Lafayette Hill, Pennsylvania with additional manufacturing facilities in Puerto Rico and Singapore.
The buy of Labelworx adds digital printing capabilities that strengthen LUX Global’s operational capabilities and diversifies its customer base and markets specifically in the pharmaceutical and health and beauty sectors.
“This is a new phase in our investment in LUX Global and underscores our belief in the growth opportunity in digital printing and the overall potential in label and packaging for our portfolio,” said Steven Rosen, co-CEO of Resilience Capital. “The Labelworx acquisition positions LUX Global as a top-tier solutions provider in the growing digital labeling market with a ready-made operation, knowledgeable staff, state-of-the-art equipment and immediate industry credibility.”
Resilience Capital invests from $10 million to $40 million in companies with $25 million to $250 million in revenues and EBITDA typically under $20 million. Sectors of interest include industrial manufacturing, distribution, business services, aviation & aerospace, minerals & mining, consumer goods, transportation logistics, building products, metals, and capital equipment. The firm was founded in 2001 and is based in Cleveland.
LUX Global was acquired by Resilience Capital in April 2017 and is backed by debt financing from MidCap Financial and LBC Credit Partners.
© 2020 Private Equity Professional | March 17, 2020
Source: https://peprofessional.com/2020/03/lux-global-label-acquires-labelworx/
