Industry-leading YORK Label partners with Diamond Castle Holdings, LLC.
OMAHA, Neb., June 18 /PRNewswire/ -- YORK Label CEO Rich Egan announced today that LabelCorp Holdings, Inc. ("YORK Label") has partnered with a new private equity sponsor, Diamond Castle Holdings, LLC of New York. Diamond Castle, in partnership with YORK's Senior Management Team, has signed a definitive purchase agreement to acquire YORK Label from Wind Point Partners of Chicago, Illinois.
YORK Label has steadily become a leading force in the prime label market through strategic acquisitions over the last twenty-four months, most recently with Cameo Crafts of Montreal, Canada. The company is a leading provider of high quality and innovative labeling technologies to major consumer products, wine and spirits, pharmaceutical, and food and beverage companies worldwide. With fourteen world-class label production facilities and fifteen sales & technical offices throughout the Americas, the company services over 3,000 customers and employs over 800 associates.
YORK Label CEO Rich Egan comments, "We are excited about this new partnership with Diamond Castle. YORK Label is now well positioned to make immense progress in reaching our goal of becoming a significant global supplier to our major customers and end markets. Diamond Castle has a phenomenal record of partnering with Senior Management to provide significant capital necessary to create more valuable organizations." Egan added, "We expect the transaction to close within the next 60 days."
About YORK Label
Omaha, NE based YORK Label is a leading provider of high quality,
innovative label and package solutions to global consumer products, wine
and spirits, pharmaceutical and food and beverage companies. YORK Label has
fourteen state-of-the art production facilities and over 800 associates
throughout the Americas. For more information please visit
|SOURCE YORK Label|
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