Fort Dearborn Company, which is backed by KRG Capital Partners, has acquired Core Label, a label supplier for the beverage sector. No financial terms were disclosed.
DENVER–(BUSINESS WIRE)–Fort Dearborn Company, a leading supplier of cut & stack, pressure sensitive, roll-fed and shrink sleeve labels, has acquired Core Label, LLC, a leading label supplier to the beverage market. Moving forward, Core Label will become Core Label, a Fort Dearborn Company.
“The Core Label acquisition continues Fort Dearborn’s strategy to expand its product and service offerings to meet customers’ desires for a complete and innovative set of label options. We are excited to add the talented Core Label associates to the Fort Dearborn team,” said Chris Lane, Managing Director of KRG.
Fort Dearborn supplies a complete range of label solutions including cut & stack, pressure sensitive, roll-fed and full body shrink sleeve labels across multiple printing technologies including digital, lithographic, flexographic, and rotogravure. The company will now have two additional facilities, Tyrone, PA and Palm City, FL, for a total of fourteen production locations across North America. The company’s solutions offering will be expanded to include additional roll-fed label capacity and adds wide web flexo printing capabilities.
KRG Capital Partners Fund IV (KRG) made an investment in Fort Dearborn Company in August of 2010. The acquisition of Core Label represents the 223rd investment for KRG since inception.
About Fort Dearborn Company: Fort Dearborn Company is a leading supplier of high-impact decorative labels for the beverage, food, household products, paint and coatings, personal care, private label/retail and spirits markets. Headquartered in Illinois, the company has twelve operating divisions in North America, employing approximately 1,400 associates.
About Core Label: Core Label is a leading supplier of roll-fed labels for the beverage market. The company has two operating divisions in North America (Tyrone, PA and Palm City, FL), employing approximately 145 associates.
About KRG Capital Partners: Founded in 1996, KRG is a Denver-based private equity buyout firm with $4.4 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.1 billion deployed since inception by institutional equity co-investors. The Firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 46 platform companies and has completed 177 add-on acquisitions for those platforms. For more information on KRG, please visit www.krgcapital.com.