Resource Label Group, which is backed by private investment firm First Atlantic Capital and TPG Growth, has acquired Canadian label printing solutions provider Ingenious Packaging.
Resource Label provides pressure sensitive label, shrink sleeve and radio-frequency identification (RFID)/near field communication (NFC) technology for companies in the packaging industry.
As a custom label manufacturer, Ingenious offers flexographic, digital and offset printing capabilities and ancillary finishing assets.
The company provides pressure sensitive labels, cut and stack and in-mould labels as well as roll-fed, shrink sleeves and banding products.
It caters to clients across a wide range of industries, including food, beverage, health and beauty, spirits, nutraceutical, distribution, tobacco and pharmaceutical.
Resource Label president and CEO Bob Simko said: “Resource Label, with the backing of First Atlantic and TPG Growth, will provide the support to meet both the current and future growth needs of Ingenious’ customers throughout North America, with special focus on our foundation of Canadian customers.
“As an initial sign of the commitment to Ingenious’ employees, customers and capital expansion strategy, I am pleased to announce that we have placed an order today for a new 17in wide Mark Andy P7 flexographic press for the facility.”
For TPG Growth, Ingenious represents the first acquisition made by Resource Label after its investment in the company.
Ingenious Packaging lead financial advisor Mesirow Financial managing director Louis Mitchell said: “Resource Label is led by an experienced management team, owned by two investment firms with significant experience in the packaging sector – First Atlantic and TPG Growth – and will be an excellent partner for Ingenious moving forward.”
Resource has acquired 11 companies since 2011, including the latest transaction.
The company provides custom label design and printing services with operations in locations across the US and Canada.