Resource Label, a packaging industry pressure sensitive label and RFID/NFC technology services provider, has acquired US-based company Axiom Label & Packaging.
The companies have not disclosed the financial terms of the deal.
Located in Compton, Axiom is a label and packaging solutions supplier to California businesses and national brands.
The company provides pressure-sensitive, shrink sleeve, extended content and flexible packaging solutions to a broad range of industries, including food, beverage, nutraceutical, personal care and health and beauty.
Resource Label president and CEO Mike Apperson said: “I am proud to welcome the talented team at Axiom to the Resource Label Group family.
“Axiom provides innovative solutions in labels, shrink sleeves and packaging applications that will broaden our product offering and strengthen our ability to meet customer’s requirements. We look forward to working closely with the team to serve our growing customer base along the West Coast. “
For Resource Label, this is the sixth acquisition in California. The company operates seventeen locations in the US and Canada.
Owned by New York-based private investment company First Atlantic Capital, Resource Label’s products are used in food, beverage, chemical, household products, personal care, nutraceutical and pharmaceutical sectors.
First Atlantic Capital managing director Emilio Pedroni said: “Axiom represents a valued addition to Resource Label with its outstanding group of dedicated employees and diverse client base. We are pleased to continue to support Resource Label’s expansion, which includes fifteen acquisitions since our initial investment in 2011.”