TPG has made an undisclosed investment in Resource Label, a maker of pressure sensitive labels, shrink sleeves and RFID/NFC technology. Resource Label is a portfolio company of First Atlantic Capital Ltd.
NEW YORK & SAN FRANCISCO–(BUSINESS WIRE)–First Atlantic Capital, Ltd. (“First Atlantic”), a New York-based private investment firm specializing in acquiring and growing mid-size companies, today announced that TPG Growth, the global middle market and growth equity platform of alternative asset firm TPG, has made a significant investment in its portfolio company Resource Label Group (“Resource Label”).
Financial terms of the transaction were not disclosed.
Serving more than 6,000 customers primarily across North America, Resource Label is a leading, full-service manufacturer of pressure sensitive labels, shrink sleeves and RFID/NFC technology. The company provides custom label design and converting services from its 13 production facilities, which house more than 120 flexographic and 18 digital printing presses. Resource Label’s diverse end-markets include food and beverage, personal care, pharmaceuticals and industrials. Resource Label has been built through organic growth and a series of strategic acquisitions by First Atlantic since 2011.
Roberto Buaron, Chairman and CEO of First Atlantic Capital, added, “Resource Label has many exciting opportunities ahead and we are thrilled to be partnering with TPG Growth so that the company can pursue add-on acquisitions and further its strategic growth objectives. In addition to realizing tremendous upside and growth over the last several years, the Resource Label team has continued to strengthen its core product offering while differentiating itself by expanding the services and solutions it provides customers. Our partnership with Resource Label represents another example of First Atlantic utilizing its deep packaging expertise to foster growth and partnering with management to create significant value.”
“TPG has a track record of partnering with dynamic manufacturers focused on consumer-facing end markets,” said Ransom Langford, Partner at TPG Growth. “In partnering with Resource Label, we are backing an industry-leading platform known for its best-in-class products and commitment to customer service. We are excited to partner with the Resource Label and First Atlantic teams to expand and enhance the platform.”
“At Resource Label, we strive to be valued partners to our customers by providing them with high-quality, effective label solutions tailored to their specific product and scheduling needs,” said Bob Simko, CEO of Resource Label Group. “We are thrilled to have the support of best-in-class investors such as First Atlantic and TPG Growth as we continue building our platform of innovative offerings.”
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, CP Packaging 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 $13.5 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. Across platforms, TPG’s related current and former investments include Graphic Packaging, a provider of paperboard packaging solutions to multinational food, beverage, and other consumer product companies; and Novolex, an industry-leading manufacturer of paper and plastic flexible packaging products. The firm is backed by the resources of TPG, which has more than $82 billion of assets under management. For more information, visit www.tpg.com.
About Resource Label Group, LLC
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 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.
Headquartered in Franklin, TN, Resource Label Group, LLC is the parent company of Resource Label (Franklin & Memphis, TN), Mid South 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) and Gintzler International (Buffalo, NY & Liberty Hill, TX). With thirteen manufacturing locations, Resource Label Group, LLC employs more than 900 associates in the U.S. and Canada. For additional information visit http://www.resourcelabel.com.