PHILADELPHIA--(BUSINESS WIRE)--LUX Global Label today announced the acquisition of Labelworx, a leader in digital label and packaging and partner to some of the world’s most respected brands. This strategic acquisition broadens the operational capabilities of LUX Global Label, formerly known as National Label, into the high-growth area of digital printing while further diversifying its customer base and markets.
Founded in 2004, Labelworx is a pacesetter in digital labeling, known for its expertise in prime-pressure-sensitive, shrink sleeves and flexible packaging and serving a diverse group of fast-growing consumer brands. Labelworx also is known for its environmentally-sustainable printing capabilities. The HP Indigo Digital Press, for example, is manufactured CO2-neutral, with supplies designed for reusable and recyclable parts to further reduce the impact of printing on the environment.
Starting its fourth year in business under the ownership of Resilience Capital Partners, LUX Global Label is recognized as an industry leader in quality, on-time delivery, service and innovation. With the addition of Levittown, Pa.-headquartered Labelworx, the LUX Global Label family now includes two state-of-the-art production facilities in the United States as well as facilities in Singapore and Puerto Rico.
"This is a new phase in our investment in 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," said Steve Rosen, Co-CEO of Resilience Capital. “The Labelworx acquisition positions LUX Global Label as a top-tier solutions provider in the growing digital labeling market with a ready-made operation, knowledgeable staff, state-of-the-art equipment and immediate industry credibility.”
Jack Lang, co-founder and President of Labelworx, will continue to lead the digital printing business. “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,” said Lang.
“Labelworx’s ability to serve evolving niche brands, new technologies in metallics and shrink sleeves, quick turnaround capabilities and an excellent team complements LUX Global Label’s existing competencies in pharmaceuticals and health and beauty and make it an excellent fit for this market,” added Rosen.
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, LLC.
The global digital printing market, valued at $21.35 billion in 2018, is projected to reach $33.49 billion by 2026, according to Verified Market Research, growing at a CAGR of 5.76%.1
Terms of the transaction, which closed on March 3, 2020, were not disclosed.
ABOUT LUX GLOBAL LABEL
LUX Global Label is the packaging partner of choice for some of the world’s most respected pharmaceutical, over-the-counter and consumer packaged goods companies. An international company with a global reach, LUX Global Label has state-of-the-art production facilities in the United States, Singapore and Puerto Rico. LUX Global Label is a leading manufacturer of pressure sensitive labels, booklet labels, security labels, and shrink sleeves. LUX Global Label’s team of professionals are some of the most talented and experienced in the industry with a deep commitment and conviction to surpass its clients’ expectations.
ABOUT RESILIENCE CAPITAL PARTNERS
Headquartered in Cleveland, Ohio, Resilience invests in niche-oriented manufacturing, value added distribution and business service companies with sustainable market positions and a clear path to cash flow improvement. Resilience targets platform businesses with $25 million to $250 million in revenues across a broad range of industries where it can contribute to a company’s operations, competitive positioning and profitability. Resilience manages in excess of $550 million for its global investor base which includes pension funds, insurance companies, foundations and endowments, funds of funds and family offices. For more information, please visit www.resiliencecapital.com.
1 “Global Digital Printing Market By Type, By Ink Type, By Print Head Type, By Substrate Type, By Geographic Scope and Forecast to 2026,” by Verified Market Research, April 2019