With 19 manufacturing facilities across the US and Canada, Resource Label Group provides speciality label customisation services to its customers
Ares Management has completed the acquisition of Resource Label Group. (Credit: Rupert B. from Pixabay)
The funds managed by the Private Equity Group of Ares Management (Ares) have completed the acquisition of full-service label company Resource Label Group from First Atlantic Capital and TPG Growth for an undisclosed sum.
Based in Franklin, Tennessee, Resource Label Group is engaged in the manufacturing of pressure-sensitive labels and shrink sleeves. The company also offers RFID/NFC technology to its customers.
The company provides its product offerings to customers in the food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology industries.
With 19 manufacturing facilities across the US and Canada, the company also provides speciality label customisation services to its customers.
In May this year, Resource Label acquired Cypress MultiGraphics, which has expertise in the production of durable labels
Resource Label Group president and CEO Mike Apperson said: “Ares is the right partner at the right time. Joining with Ares is an exciting change for our customers and team members as we move to accelerate growth and expand the RLG family.
“Ares brings a wealth of resources and expertise that will further enhance the value and solutions we provide our customers. Our team is energised by the opportunity ahead of us.”
Apperson, along with Resource Label’s executive management team, will continue to guide the company to grow and build additional capabilities in the label and packaging sector.
First Atlantic acquired Resource Label in 2011, as well as helped the company to expand its product offerings and operations.
Ares Private Equity Group partner Natasha Li said: “We believe that the business is poised for strong organic and inorganic growth due to its value proposition to its customers, its thoughtful business diversification and strong management team.
“We look forward to supporting Mike and the team in executing on a compelling growth strategy.”
Dechert acted as legal advisor to Resource Label Group for the transaction, while Harris Williams served as financial advisor.