Resource Label Group Expands California Presence with Acquisition of Axiom Label & Packaging
FRANKLIN, Tenn.--(BUSINESS WIRE)--Feb 5, 2020--
Resource Label Group, LLC (“Resource Label”) a full-service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry, today announced it has acquired Los Angeles-based Axiom Label & Packaging (“Axiom”), broadening its presence in California. Axiom represents the company’s sixth acquisition in California. Resource Label, is a portfolio company of First Atlantic Capital, a New York-based private investment firm, and TPG Growth, the middle market and growth equity investment platform of TPG.
Mike Apperson, President & CEO of Resource Label, stated, “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. “
Located in Compton, CA, Axiom is a leading innovator and supplier of label and packaging solutions to California businesses and national brands. Axiom offers pressure sensitive, shrink sleeve, extended content and flexible packaging solutions that serve customers across a broad spectrum of industries including food, beverage, nutraceutical, personal care and health and beauty.
“We are extremely excited to join Resource Label Group,” said Kieron Delahunt, former CEO and founder of Axiom Label & Packaging. “Resource Label shares our vision in developing a world class organization that continually exceeds customers expectations. This partnership is key to supporting our vision and the growth plans for our business.”
Emilio Pedroni, Managing Director at First Atlantic Capital, added, “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.”
Resource Label Group, LLC is a leading pressure sensitive label, shrink sleeve and RFID/NFC manufacturer with diverse product offerings for the food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology industries. With seventeen locations across the U.S. and Canada, Resource Label Group, LLC provides national leadership and scale to deliver capabilities, technologies, systems and creative solutions that customers require. Resource Label is a long-standing portfolio company of First Atlantic Capital, a New York-based private investment firm, and TPG Growth, the middle market and growth equity investment platform of TPG.
Headquartered in Franklin TN, Resource Label Group, LLC is the parent company of Resource Label (Franklin & Memphis, TN), MidSouth RFID (Franklin, TN), Pamco Label (Chicago, IL), Fox Tag and Label (Providence, RI), Oxford Graphics (Boston, MA), The Label Company (Los Angeles, CA), A1 Label (Toronto, ON), Taylor Made Labels (Portland, OR), LithoFlexo Grafics (Salt Lake City, UT), Advanced Labels NW (Seattle, WA), RayPress Corporation (Birmingham, AL), Cellotape / Landmark Label (Newark, CA), Gintzler International (Buffalo, NY & Austin, TX), Ingenious Packaging (Toronto, ON), Paragon Label (Napa-Sonoma, CA), Spectrum Label (San Francisco, CA), Best Label (San Francisco, CA & Los Angeles, CA) and Axiom Label & Packaging (Los Angeles, CA). With seventeen manufacturing locations, Resource Label Group, LLC employs 1300 associates in the U.S. and Canada. For additional information, visit www.resourcelabel.com.
About First Atlantic Capital
Founded in 1989, First Atlantic Capital is a middle market private equity firm that leverages its extensive consulting and operational experience to acquire middle market companies, seeking to build them up to become market leaders. Since its inception, the firm has completed more than 70 acquisitions assembling 22 successful platforms in various industries that include plastics and packaging, food and beverage, consumer and industrial products and business services. Notable investments in the packaging industry include Berry Plastics, Ranpak, Captive Plastics, C-P Converters, and Resource Label Group. For additional information visit www.firstatlanticcapital.com.
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $13.2 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $84 billion of assets under management. For more information, visit www.tpg.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200205005130/en/
CONTACT: Resource Label Group
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA TENNESSEE
INDUSTRY KEYWORD: SEMICONDUCTOR MANUFACTURING MOBILE/WIRELESS TECHNOLOGY PACKAGING
SOURCE: Resource Label Group
Copyright Business Wire 2020.
PUB: 02/05/2020 08:01 AM/DISC: 02/05/2020 08:01 AM