First Atlantic-backed Resource Label buys packaging company Gintzler, as manufacturing M&A prevails
Resource Label Group LLC., backed by private equity firm First Atlantic Capital Ltd., has purchased labeling and packaging service provider Gintzler International. Financial terms of the deal were not disclosed.
Gintzler is a labeling and packaging identification manufacturer to a variety of industries, including: pharmaceutical, food and beverage, medical, health and beauty, automotive, industrial and consumer goods. The target offers flexographic, laser die cutting, shrink sleeve manufacturing assets and digital printing capabilities.
Gintzler's customer base expands Resource Label reach in the pharmaceutical and food and beverage industries, in addition to providing a deep focus on technology and innovation, according to Resource Label CEO Bob Simko.
Resource Label is a full-service label company that provides custom label design and printing capabilities. Gintzler represents the tenth acquisition since First Atlantic acquired Resource Label in 2011. The buyer now operates thirteen manufacturing facilities throughout the U.S. and Canada. Resource Label has designed label products for Garnier Fructis, Lysol, Be Under, Naturally, and Petite Maison.
First Atlantic is a middle-market private equity firm based in New York. First Atlantic’s portfolio currently consists of Flexible Packaging, Resource Label Group, Spring Industrial Holdings and Test Equity. The firm has previously backed Berry Plastics Group Inc. (NYSE: BERY) and Ranpak.
Recent manufacturing and packaging deals include: AEA Investors LP agreement with CHS Capital to buy plastic packaging producer TricorBraun Holdings Inc.; CVC Capital Partners’ $1 billion deal to buy Anchor Glass Container Corp., a manufacturer of bottle packaging products; Berry Plastics acquisition of AEP Industries Inc. (Nasdaq: AEPI) for $765 million in cash and stock; and Silgan Holdings Inc.’s (Nasdaq: SLGN) deal with WestRock Co. (NYSE: WRK) to acquire its closures and dispensing products business for $1.03 billion.