Resource Label Group, a full-service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry, 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 a durable label manufacturer, Cypress MultiGraphics serves the lawn and garden, HVAC, power tools, medical equipment and appliances industries. It offers 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.