Lux Global Label Company, a newly formed holding company backed by private equity firm Resilience Capital Partners, has purchased certain assets from National Label.
As part of the transaction, Resilience will commit significant financial capital to the new company. Resilience has assembled a team of industry veterans to strengthen the new company’s operations and industry stature.
In connection with the agreement, Resilience has partnered with LBC Credit Partners, a provider of middle-market financing solutions, and The Kennedy Group, a supplier of labelling, packaging and identification solutions.
“The financial and operating investments that Resilience Capital Partners is making will enable the new company to continue operations and meet customer needs, building upon a century of excellence in labelling,” says Steven H Rosen, co-chief executive officer of Resilience Capital Partners.
Ron Cozean, the new company’s executive chairman, says: “If you looked at the location of our headquarters, you would say we are an American company. However, if you looked at the location of our customers – from Europe to the Middle East to Asia – you would see that we are a global company. We have the scale, the distribution and the expertise to be a leader globally, and our job is to get there.”
Financial terms of the transaction, which closed on 14 April, have not been disclosed.
