FRANKLIN, Tenn.--(BUSINESS WIRE)--Resource Label Group, LLC (“Resource Label”), a full-service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry, announced it has acquired Cypress MultiGraphics and its two locations in Tinley Park, IL and Brooklyn Center, MN. 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.
Cypress MultiGraphics was originally founded in 1970 specializing in production of durable labels. Brad Weber, President & CEO acquired the company in 2006. The company grew to two locations and has been a constant leader in the industrial label market working with many premier brands. Weber, who will continue on in a key leadership role, commented, “We are excited to be a part of a growing organization that has a very focused vision. Resource Label Group provides the resources and capabilities to help us expand our portfolio and bring additional services needed to our customers. This is a great partnership that will allow us to grow and get to the next level.”
As one of the leading durable label manufacturers in North America, Cypress MultiGraphics serves the Lawn & Garden, HVAC, Power Tools, Medical Equipment and Appliances industries. They offer state of the art screen and digital printing of durable nameplates and labels, including doming, as well as graphic overlays and faceplates, short-run hot stamp capabilities and flexographic and digital printing to support both durable and traditional prime label needs. Both facilities are ISO 9001-2015 registered, provide products that are UL and CSA approved and are a 3M Select Converter.
Mike Apperson, President & CEO of Resource Label Group, stated, “Cypress MultiGraphics will complement and strengthen our offering to customers in the industrial, medical and prime label markets. We are excited to welcome the team members at both locations to the RLG family and look forward to showcasing their talents across our growing portfolio.”
Emilio Pedroni, Managing Director at First Atlantic Capital added, “Cypress MultiGraphics brings a wealth of knowledge and additional capabilities that will broaden our opportunities in several strategic market segments.” Ransom Langford, a Partner at TPG Growth added, “We look forward to extending the success of the team at Cypress MultiGraphics as we continue to broaden our national reach and capabilities throughout North America.”
Cypress MultiGraphics represents the 19th acquisition for Resource Label Group and will increase their manufacturing footprint to 20 locations across North America.
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 twenty 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 1400 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 71 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.