York Label, an Omaha, Neb.-based provider of labeling and packaging solutions to the consumer products, has acquired Southern Atlantic Label, Chesapeake, Va.-based labeling company focused on the food packaging sector. No financial terms were disclosed, except that the deal was financed via an additional investment from existing York Label sponsor Diamond Castle Holdings.
YORK Label announced its acquisition of Southern Atlantic Label. Located in Chesapeake, Virginia, Southern Atlantic Label was founded in 1972 and employs 130 people. Southern Atlantic Label has a reputation for high-quality products and strong relationships with long-standing customers.
Southern Atlantic Label’s primary market segment is food including poultry, deli meats, cooking oils and sauces in addition to beverages, durable goods, healthcare and personal care; which align very well with YORK’s core markets. This acquisition will support YORK’s business plan to acquire companies that strengthen its position in the market and provide additional geographic footprint in the industry.
“The addition of Southern Atlantic Label to the YORK Label platform brings benefits to all stakeholders. Southern Atlantic Label is complementary to our company not only from a regional perspective but to create new growth opportunities with world class consumer product companies. Southern Atlantic Label associates will benefit as a result of the strength of YORK Label’s structure and focused investments. Southern Atlantic Label customers will benefit due to expanded capabilities of YORK Label in addition to the outstanding quality, responsiveness and service which has been consistently demonstrated by Southern Atlantic Label,” quoted John McKernan, YORK Label President and CEO.
Terms of the acquisition were not disclosed but the transaction was 100% funded via new capital infusion by Diamond Castle Holdings (DCH) and YORK Label management.
About YORK Label®
Omaha, NE based YORK Label® is a leading provider of high-quality, innovative labeling and packaging solutions to global consumer products, wine and spirits, pharmaceutical and food and beverage companies. YORK Label has production facilities throughout North America and a joint venture in Chile. The company employs more than 700 dedicated associates. For more information please visit www.yorklabel.com.
About Diamond Castle Holdings, LLC
Diamond Castle Holdings, LLC is a private equity firm with over $1.85 billion of committed capital under management. Founded in 2004, Diamond Castle specializes in leveraged buyouts, growth capital and equity-like investments in both public and private companies. Diamond Castle targets investments in the following industry sectors: media and communications, energy and power, financial services, healthcare and diversified industries. Diamond Castle has 25 employees located in New York, New York. For more information please visit www.dchold.com.