LUX Global Label acquires Labelworx
Philadelphia, US-based LUX Global Label has acquired Labelworx to broaden its operational capabilities of digital printing and further diversify its customer base and markets.
Labelworx, founded in 2004, specializes in digital labeling, prime-pressure-sensitive, shrink sleeves and flexible packaging and serves a diverse group of consumer brands. It is also known for its environmentally sustainable printing capabilities, including the CO2-neutral manufactures HP Indigo Digital.
Jack Lang, co-founder and president of Labelworx, who will continue to lead the digital printing business said: ‘We are excited to join the LUX Global Label family and look forward to continuing its tradition of innovating and delivering differentiated label and packaging products to the market.’
Thanks to this acquisition, Lux Global Label, which is operating for the fourth year under the ownership of Resilience Capital Partners, gained two production facilities in the United States as well as two production plants in Singapore and Puerto Rico.
‘This is a new phase in our investment in the LUX Global Label and underscores our belief in the growth opportunity in digital printing and the overall potential in label and packaging for our portfolio,’ commented Steve Rosen, co-CEO of Resilience Capital. ‘The Labelworx acquisition positions LUX Global Label as a top-tier technology provider in the growing digital labeling market with a ready-made operation, knowledgeable staff, state-of-the-art equipment and immediate industry credibility.
‘Labelworx’s ability to serve evolving niche brands, new technologies in metallics and shrink sleeves, quick turnaround capabilities and an excellent team complement LUX Global Label’s existing competencies in pharmaceuticals and health and beauty and make it an excellent fit for this market.’
LUX Global Label and Labelworx will continue to benefit from the support and resources of Resilience Capital Partners as well as financial partners including LBC Credit Partners and MidCap Financial. Terms of the transaction, which closed on March 3, 2020, were not disclosed.
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