US-headquartered LUX Global Label has strengthened its digital printing capabilities with the acquisition of Labelworx, a company based in Pennsylvania.
Financial details of the acquisition have not been disclosed by the two companies.
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LUX Global Label was formerly known as National Label and is a Resilience Capital Partners’ portfolio company.
Labelworx has expertise in prime-pressure-sensitive, shrink sleeves and flexible packaging. It caters to the need of multiple fast-growing customer brands.
The acquired company was established in 2004 and also offers environmentally-sustainable printing capabilities.
LUX Global has two modern production facilities in the US, Singapore and Puerto Rico.
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By GlobalDataResilience Capital Co-CEO Steve Rosen said: “This is a new phase in our investment in LUX Global Label and underscores our belief in the growth opportunity in digital printing and the overall potential in label and packaging for our portfolio.
“The Labelworx acquisition positions LUX Global Label as a top-tier solutions provider in the growing digital labelling market with a ready-made operation, knowledgeable staff, state-of-the-art equipment and immediate industry credibility.”
As part of the transaction, Labelworx co-founder and president Jack Lang will continue to head the digital printing business.
Rosen added: “Labelworx’s ability to serve evolving niche brands, new technologies in metallics and shrink sleeves, quick turnaround capabilities and an excellent team complements LUX Global Label’s existing competencies in pharmaceuticals and health and beauty and make it an excellent fit for this market.”
