Prime Label acquires LabelPrint
Prime Label Group, a portfolio company of private equity fund Innova/6 SCA §SICAV from the Innova Capital group, has acquired LabelPrint OÜ – an Estonian label printing house.
LabelPrint specialises in the production of highly processed self-adhesive labels, shrink sleeve, multi-layer and booklet labels. It operates a very modern facility equipped with UV flexo printing lines and innovative digital printing technology solutions. The combination of two printing technologies is undoubtedly the company’s unique advantage, as it allows for greater flexibility in addressing customer needs. The company was founded in 2001 and its dynamic development made it a local leader that supplies labels to renowned customers from, the alcohol, beverages, cosmetics, food, and tobacco industries. The company operates on the Estonian and Scandinavian markets.
“The acquisition of LabelPrint certainly strengthens our leading position in Central Europe and prepares us for further expansion into the Baltics and Scandinavia. With the acquisition, the Group’s share of sales outside of Poland will exceed 60 per cent. We believe that LabelPrint's innovative solutions will make the Group's offer even more attractive. We also expect synergies in purchasing and sales through cross-selling between the Group's companies,” says Arkadiusz Sapiecha, CEO of Prime Label. “I am looking forward to continuing our cooperation with Sten Sarap, the founder of the company. Sten is a great enthusiast and visionary who will not miss any market opportunity. His knowledge of the industry and experience will undoubtedly contribute to the further development of the Group.”
“The acquisition of LabelPrint is another step in the development of Prime Label Group's strategy, which involves the consolidation of top label producers in Central Europe. Our goal is for the Group to generate sales of at least EUR 100 million by 2025. This scale of activity and the implementation of planned synergies, coupled with operational excellence will allow us to generate best in class margins, making us one of the European leaders,” adds Michał Wojdyła, Managing Director, supervising the transaction for the Innova Capital.
Sten Sarap, Managing Director at LabelPrint, says: “I see great benefits in joining the Group headed by Arek. With Prime Label as a partner, we will be treated with greater priority by suppliers of raw materials, and we will also have a broader product range to offer on our markets. I also value Prime Label management’s professionalism and vision for the Group. We are very similar; we share a passion for printing and excellence in everything we do.”