FRANKLIN, Tenn.--(BUSINESS WIRE)--Resource Label Group, LLC (“Resource Label”), a full-service provider of pressure sensitive labels, shrink sleeve and RFID/NFC technology for the packaging industry, today announced it has acquired Dallas, Texas-based McDowell Packaging & Advertising Co., Inc. (“McDowell Label”), enhancing its presence in the Southwest, US. Resource Label is a portfolio company of First Atlantic Capital, a New York-based private investment firm, and TPG Growth, the middle market and growth equity investment platform of TPG.
Started in 1981 by Dave and Elaine McDowell, McDowell Label is a true pioneer in the label industry. With a focus on customer service and award-winning production and design, the company has secured more than 500 national and international awards for their work in the packaging industry. McDowell Label’s focus will continue to be on creating innovative packaging solutions for top selling consumer brands in premium beverage, cosmetics and personal care, nutraceutical, food, pet care and automotive industries, among others.
Mike Apperson, CEO and President of Resource Label Group, stated, “I feel privileged that the distinguished team at McDowell Label has joined the Resource Label family. McDowell Label is well-renowned for its award-winning products which help drive its customer growth. We are excited to join with the talented team at McDowell Label and look forward to growing together.”
“This is the right time to partner with an organization like Resource Label Group,” stated Dave McDowell, Chairman of McDowell Label. “We are excited to be part of a company that recognizes the importance of quality, excellence and customer service. Our customers come first and by joining the Resource Label family we will be better able to serve our customers and offer an extended reach of products and capabilities.”
John McDowell, President of McDowell Label, added, “It is with great excitement and a swell of pride that our team at McDowell is joining the Resource Label Group family. Resource Label is the only organization that aligns with our renowned culture of excellence and core values. The dynamic synergies shared between McDowell Label & Resource Label Group will fuel our award-winning credo and strengthen our commitment to provide innovative brand packaging solutions for those who demand excellence.”
Roberto Buaron, Chairman and CEO of First Atlantic Capital, added, “The addition of a premier label converter such as McDowell Label ensures we continue to meet our objective of continued leadership in the label industry.” Ransom Langford, a Partner at TPG Growth stated, “With its talented work force, innovative technology and strategic location, McDowell Label is a tremendous addition to Resource Label.”
McDowell Label represents Resource Label’s sixteenth addition to a continually growing portfolio of packaging companies and its second location in Texas.
About Resource Label Group, LLC
Resource Label Group, LLC is a leading pressure sensitive label, shrink sleeve and RFID/NFC manufacturer with diverse product offerings for the food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology industries. With seventeen manufacturing locations across the U.S. and Canada, Resource Label Group, LLC provides national leadership and scale to deliver capabilities, technologies, systems and creative solutions that customers require. Resource Label is a long-standing portfolio company of First Atlantic Capital, a New York-based private investment firm, and TPG Growth, the middle market and growth equity investment platform of TPG.
Headquartered in Franklin, TN, Resource Label Group, LLC employs more than 1300 associates in the U.S. and Canada. For additional information, visit www.resourcelabel.com.
About First Atlantic Capital
Founded in 1989, First Atlantic Capital is a middle market private equity firm that leverages its extensive consulting and operational experience to acquire middle market companies, seeking to build them up to become market leaders. Since its inception, the firm has completed more than 70 acquisitions assembling 22 successful platforms in various industries that include plastics and packaging, food and beverage, consumer and industrial products and business services. Notable investments in the packaging industry include Berry Plastics, Ranpak, Captive Plastics, C-P Converters, and Resource Label Group. For additional information, visit www.firstatlanticcapital.com.
About TPG Growth
TPG Growth is the middle market and growth equity investment platform of TPG, the global alternative asset firm. With approximately $13.2 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential. The firm is backed by the resources of TPG, which has approximately $84 billion of assets under management. For more information, visit www.tpg.com.