M&A

Agergaard Group forms Agergaard North America

Akanksha Meena — Mon, 06 May 2024 11:29:35 +0000

The Agergaard Group, Celle, Germany has formed Agergaard North America, Agergaard NA. The newly established company is a joint venture between Ole Christian Agergaard and Scott Hibbs and is strategically formed to better service and support its growing customer base in North America.

Both Agergaard and Hibbs have served the printing industry for more than three decades. Combined between both gentlemen, they have more than sixty years of experience successfully selling equipment, spare parts, and consumable offerings to the industry.

‘With a motto of a happy customer is our best prospect, Agergaard NA, will focus on continuing to build and strengthen successful relationships and positive customer experiences as being the cornerstone of driving new business and product expansion within our region,’ said Hibbs.

The Agergaard Group product portfolio includes AkeBoose chamber doctor blade systems, ink and coating supply units, AGSflexo doctor blades and end seals, as well as printing units for specialized applications. Agergaard NA will sell, service, and support the full range of the Agergaard Group product portfolio.

Agergaard said: ‘Our company has been on a strategic growth pattern since its inauguration in 2007. The product and manufacturing range of the company has developed over the years in response to strong market needs and customer demands. To further build upon the success of our brand, we have teamed up and formed Agergaard NA, to bring our strong product portfolio and innovative solutions to our customers in North America. We are passionate about print and believe that our product range will help to maximize productivity and drive profits for our customers.’

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1 week 4 days ago

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Agergaard Group forms Agergaard North America

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The newly established company is formed to better service and support its growing customer base in North America.

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The newly established company is formed to better service and support its growing customer base in North America.

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Adheso-Graphics joins Anderson & Vreeland

Piotr Wnuk — Thu, 02 May 2024 02:32:34 +0000

Anderson & Vreeland, a manufacturer and distributor of flexographic print technologies, equipment and consumables, has acquired Adheso-Graphics, a manufacturer of pressure-sensitive adhesive tapes designed for various applications.

‘We are excited to expand our core portfolio with the addition of Adheso-Graphics to the Anderson & Vreeland, Family of Flexo Brands,’ said Darin Lyon, president and CEO of Anderson & Vreeland. ‘Our commitment to providing world-class products to the markets we serve is enhanced by this strategic acquisition. We remain customer centric and focused on delivering innovation across the flexographic space.’

‘I am very pleased to be joining the Anderson Vreeland family. Our legacy moves forward with a very positive future,’ added Don Scanlon, president of Adheso-Graphics. ‘I am very proud of the 57 years Adheso-Graphics has provided technology and products, sustaining flexography from its inception. Today we take a great leap forward, forging our new journey with industry leading Anderson & Vreeland to ensure these synergies continue with renewed sales and service.’

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2 weeks 1 day ago

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Adheso-Graphics joins Anderson & Vreeland

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The two companies combine forces to deliver a wide range of flexographic printing tapes.

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The two companies combine forces to deliver a wide range of flexographic printing tapes.

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Wise acquires assets of Phoenix Data

Piotr Wnuk — Thu, 02 May 2024 01:20:09 +0000

Wise, a business forms, labels and digital printing specialist, has acquired Phoenix Data of Montgomery, PA. This acquisition follows Wise’s purchase of Mini Data in Charlotte, NC earlier this year.

Phoenix Data prints business forms and associated services and sells through independent distributors, primarily in the Eastern United States. This makes it a natural complement to Wise’s existing business.

Wise’s customer-centric approach to business means that, with its new CSR team at Wise, Phoenix Data customers will still experience the same level of customer support and care that they are used to.

Wise’s broader range of capabilities, however, also gives them access to additional services, including prime and industrial labels, digital web-to-print programs for large clients, short-run digitally printed labels, personalized and hyper-customized labels and mosaic designs for short- and long-run labels.

Former Phoenix Data President, Larry Lovell, will continue with Wise to assist with the transition of business.

Bill Prettyman, chief executive officer and president of Wise, said: ‘We are incredibly pleased to add Phoenix Data’s offering and their customers to the Wise family. We look forward to serving and taking care of Phoenix Data’s customers, including offering them cutting-edge label and digital printing services they might not previously had access to.’

This acquisition comes on the heels of Wise's continued growth in the sector, including the purchase of Mini Data in Charlotte, NC. Earlier this year, Wise installed a new HP Indigo 6K digital label press to drive continued expansion in its prime and industrial labels business. Last year it opened a new production and warehousing location in Anderson, South Carolina, to accommodate its explosive growth in the tag and label market.

In addition to the Anderson plant, Wise operates four other production locations, including Alpharetta, GA; Ft. Wayne, IN; Portland, ME; and Butler, PA.

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2 weeks 1 day ago

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Wise acquires assets of Phoenix Data

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This acquisition follows Wise’s purchase of Mini Data in Charlotte, NC earlier this year.

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This acquisition follows Wise’s purchase of Mini Data in Charlotte, NC earlier this year.

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Peacock Bros. agrees to acquire Insignia in May

Christine Won — Fri, 26 Apr 2024 16:47:35 +0000

Peacock Bros., a leading Australian print packaging and supply chain technology provider, has signed an agreement to acquire Insignia, a 55-year-old family-owned company specializing in labeling, coding and data capture technologies.

The deal is expected to be completed on May 31.

This acquisition of Insignia by Peacock, a family-owned group established in 1888, merges two of Australia’s highly regarded family-run businesses within the supply chain solutions industry.

'Insignia has long been a respected competitor within our industry,' said Ryan McGrath, managing director, Peacock. 'Their professional team and expertise, combined with state-of-the-art print manufacturing facilities, allows us to significantly expand our product and service offerings within the region, while also providing exciting opportunities for our staff, customers, and partners.'

For more than half a century, Insignia has built a reputation as an expert in product identification and traceability, working with world-leading brands in thermal printing, data capture, and marking & coding solutions, including Domino, Zebra, Honeywell, GS1 and more.

Insignia is also a leading national label manufacturer, producing custom prime product labels, overprint labels, and blank labels and tags from its production facilities in Brisbane and Melbourne.

Operating nationwide with over 115 staff members, Insignia serves over 3,500 customers, including multinational businesses across a broad range of industries, including retail, T&L, manufacturing, automotive and food & beverage.

Insignia will operate alongside the other key Peacock Group businesses, Peacock Bros. and AMR Hewitts Print Packaging, expanding Group resourcing to over 300 staff with broader geographical depth across Australia and New Zealand.

'Insignia is a proud family-run business with extensive experience solving complex operational challenges for leading brands in Australia,' said Jack Winson, managing director, Insignia. 'We are pleased to join the Peacock Group, another long-established family-owned business, who share common values and are respected for the quality of their work. Our staff and customers can be reassured that the long history of our company and brand will continue well into the future with the support and backing of the Peacock Group.'

He continued: 'The ability to identify and track goods from manufacturing through the supply chain and into retail settings is essential today. Insignia leads the way in enhancing the efficiency and accuracy of critical business operations for Australian companies, improving supply chains with advanced technologies. Peacock Group looks forward to supporting insignia’s highly regarded team and growing its business into the future.'

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3 weeks ago

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Peacock Bros. agrees to acquire Insignia in May

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This acquisition, expected to be completed on May 31, merges two of Australia’s highly regarded family-run businesses within the supply chain solutions industry.

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This acquisition, expected to be completed on May 31, merges two of Australia’s highly regarded family-run businesses within the supply chain solutions industry.

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ProMach acquires Mexican label converter Etiflex

Christine Won — Mon, 22 Apr 2024 17:00:56 +0000

ProMach, a leader in processing and packaging machinery, has acquired Mexican label converter Etiflex.

It marks ProMach’s first acquisition in the Mexican market, and further expands its labeling and coding capabilities throughout North America.

Etiflex, founded in 1981 in Mexico City, is one of the leading converters in Mexico for variable information-printed labels, tickets and RFID labeling. It comes with an extensive portfolio of label converting offerings that serve a broad range of industries, including food & beverage, textile, automotive, personal care, cosmetics, pharmaceutical, and retail and logistics.

'We are pleased to welcome the Etiflex team to ProMach,' said Mark Anderson, ProMach president and CEO. 'Their addition to our business continues the expansion of our label converting capabilities, and it significantly extends our ability to offer a complete portfolio of labeling equipment solutions beyond our existing markets in the United States and Canada.

'This acquisition truly supports our commitment to provide best-in-class labeling and coding solutions and support from a partner that is geographically close to our customers, wherever they are located throughout North America,' Anderson added.

Etiflex and its team of over 500 employees will join ProMach’s labeling and coding business line led by group president Alan Shipman.

Sergio Shor and Ari Vonderwalde, co-director generals of Etiflex, will continue to lead the Etiflex team, with Shor serving as VP and general manager, and Vonderwalde assuming the role of VP of operations.

'Joining ProMach’s labeling and coding group is an exciting opportunity to continue and expand our original vision that has guided us for over 40 years,' said Shor and Vonderwalde. 'Our philosophy has always been rooted in being a true business partner with strong employee connections and development. We are also proud of our long-standing relationships with our customers and suppliers, and this opportunity will reinforce that effort.'

With go-to-market product brands that also include ID Technology, EPI, Panther, Code Tech and Greydon, ProMach’s labeling and coding business line provides broad spectrum of offerings to customers across North America.

The company’s vertically integrated product portfolio includes both labels and machinery, which are supported by an extensive network that includes 17 regional sales and service offices, as well as eight existing label converting facilities.

'The addition of Etiflex to our labeling and coding business line continues to underscore the true differentiation of our business by providing exceptional label products and support to our customers, in addition to our labeling equipment,' Shipman said. 'Etiflex brings a trusted industry reputation for providing exceptional quality products, and their geographic footprint will provide tremendous benefits to our current and future customer base in Mexico.

'With this expansion of our growing label production capabilities and reach, we continue to deliver high quality labels to customers faster, because we’re closer. This means real bottom line benefits for them due to shorter shipping distances -- especially for our multinational customers,' Shipman continued.

The company’s label converting facilities provide decorative labels for both high volumes and short runs via flexographic and digital capabilities, blank and shell labels, RFID labels, specialty labels and more.

'ProMach has a proven track record of success and a reputation of investing in its companies to leverage everyone’s strengths, offer more complete solutions, and better serve its customers,' said Shor and Vonderwalde.

This major acquisition follows a spate of others ProMach has made in recent years, including Lofton Label & Packaging, Jet Label & Packaging and Panther Industries.

Read more about the evolution of Etiflex in Labels & Labeling Issue 1.

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3 weeks 4 days ago

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ProMach acquires Mexican label converter Etiflex

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It marks ProMach’s first acquisition in the Mexican market, and further expands its labeling and coding capabilities throughout North America.

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It marks ProMach’s first acquisition in the Mexican market, and further expands its labeling and coding capabilities throughout North America.

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API Foilmakers acquires United Foils Europe and its subsidiaries

Akanksha Meena — Thu, 18 Apr 2024 12:26:26 +0000

Aldus with its subsidiary API Foilmakers, has entered into a definitive agreement to acquire United Foils Europe BV along with its businesses United Transfer Technologies BV, Pack Vision BV, United Foils, Starfoil Technology Netherlands BV and Newfoil Machines.

On completion, the acquired businesses will be combined with API Foilmakers to form a new leading player in the transfer technologies industry with a strong legacy, deep foil expertise and broad application knowledge. The combined foil companies United Transfer Technologies BV, Pack Vision BV and United Foils will, in the near future be known as API Transfer Technologies.

The combination of a distribution business with a European manufacturer of transfer products will provide high-quality service to customers. With an extensive distribution network, the business will provide customers with a wide product range, excellent service, and technical support. Further benefits will include security of supply, short lead times, rapid product development and customization capabilities.

Kenny Gilmour, managing director of API Foilmakers, said: ‘We are thrilled to welcome United Foils to the Aldus family. The addition of an excellent product range and world leading conversion facilities will allow us to better serve our customers and accelerate growth.’

Fons van Delft, owner of United Foils Europe BV stated: ‘We are excited to join forces with API Foilmakers and leverage their expertise to further expand our reach and offering while continuing to assure customers of our trusted product range which we will continue to develop and enhance with our valued, long-term suppliers. The combined company will build on our service ethos, placing customers at the heart of everything we do.’

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4 weeks 1 day ago

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API Foilmakers acquires United Foils Europe and its subsidiaries

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The acquired businesses will be combined with API Foilmakers to form a leading player in the transfer technologies industry.

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The acquired businesses will be combined with API Foilmakers to form a leading player in the transfer technologies industry.

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The new dynamics of M&A

Piotr Wnuk — Tue, 16 Apr 2024 02:46:52 +0000

M&A 16 April 2024

The new dynamics of M&A

Label and packaging businesses must stay agile and be able to capitalize on a prime M&A opportunity when it comes along.

Labels and packaging have been a boon for M&A over the last decade. Fragmentation, local/regional competition, innovation, customer demand — and, of course, high margins — created opportunities not seen in other similar-sized industries. Private equity (PE), strategics and entrepreneurs all got in on the action, adding girth, territories, capacity and more that have afforded notable value creation and success.

M&A drivers have now changed. The abundance of transactions — both large and small — has created an entirely new landscape. Different factors are needed to compete, so different factors need to be considered for growth. To complicate matters, with the number of acquisitions completed in the US and European Union over the past 10 years, there are few remaining independent targets.

“The plays being made now will go beyond scale, geographies and end-market focus and be more about creating formidable and specialized entities”

Entrepreneurs must understand these shifts and how they affect the way they run their businesses for the future. Every owner at some point either acquires and builds, or divests their company. And sometimes, you may need to act quickly. So, it’s important to keep your organization up to date and in synch with current dynamics.

While not as fast-moving, labels and packaging M&A activity continues to be strong, as the industry remains attractive to investors. But the plays being made now and in the next few years will go beyond scale, geographies and end-market focus and be more about creating formidable and specialized entities.

The ‘new label majors’ will pursue acquisitions and divestitures by what they perceive are the next critical, high-profit opportunities. And we’re already seeing this in play. New deals are being prepared with a greater focus on operations and market concentration.

Here’s a little about what you should expect in these two areas:

Operations, finances and management

PE and strategic buyers are scrutinizing every deal to ensure that any acquisition has the resilience to navigate economic, regulatory and customer headwinds. Specifically, they’re looking at:

• Refinancing debt — How might your leverage impact future profitability? What are the rates, terms and provisions of encumbered debt — and what can be equitably managed or refinanced?

• Capital expenditures — What is the state of your equipment assets and what is needed to fulfill the future vision? Length and strength of leadership — What are the tenure and skillsets of your top management team? Are the right individuals in place?

• Overall market story — Prospects become customers based on your story. How do you bring your message to market (direct sales, agents, distribution, internet, social media, etc), and what is the net cost to do so? More important, how valuable is your brand?

Market concentration and specialties

An acquisition must bring more than accretive revenues. Investors will favor enterprises that have unique capabilities, equipment or market expertise that differentiates you. These include:

• Pharmaceutical/healthcare — Healthcare (especially pharmaceutical) label spending has continued to grow, with increasing demand for pressure-sensitive labeling that allows traceability, fraud protection and brand recognition. Top acquisition candidates will be well-positioned in this venue, with both the regulatory savvy and equipment to respond.

• Food and beverage — Rising demand for consumer goods products and increased demand for product authenticity and uniqueness are driving demand for primary labels in the market. Both mainstream and private-labeled products are expected to see a surge in coming years, and those suppliers that can help them differentiate will win.

• Sustainability — Environmental friendliness is an enormously powerful movement that is driving significant new approaches in manufacturing. Investors will be looking at every acquisition in this regard, favoring those with a compelling sustainability proposition (e.g., linerless labels, carbon labeling/Carbon Trust certification, alternative energy use, recycling, etc).

• Extended content, traceability, anti-counterfeiting, etc. — Extended content, RFID, barcoding and other measures have finally come of age and will become increasingly important as we navigate new supply chain restrictions, regulations, consumer concerns and global expectations.

• Digital technology — Finally, and importantly, well-positioned labels and packaging companies will have both the digital capabilities and following to answer future demand. How does digital fit your customer base?

The labels and packaging industry is no longer driven by savvy entrepreneurs who took an idea and made it a business. It is now propelled by investors looking for a return better than they can get from other investments. This focus will bring about new consolidation strategies that leverage the aforementioned thinking and acumen.

Labels are mission-critical products that typically do well in both bad and good economic times. Even as we grow into a global marketplace, there will always be an opportunity for independent owners. But every great company still needs to map out a great future. Part of that is staying agile and being able to capitalize on a prime M&A opportunity when it comes along.

Bob Cronin is managing partner of The Open Approach, an M&A consultancy focused exclusively on the world of print. In addition to spearheading several large labels and packaging industry transactions, the firm handles value-enhancement, due diligence, industry trend analyses, and exit planning. It is one of the most tenured agencies in this space.

To learn more about The Open Approach, visit www.theopenapproach.net, email Bob Cronin at bobrcronin@aol.com, or call or text 630-542-1758.

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Amtech acquires Label Traxx

Piotr Wnuk — Tue, 09 Apr 2024 23:38:42 +0000

Amtech, one of the leading industrial software providers to the packaging industry, has completed its acquisition of Label Traxx and its software suite for the label printing and flexible packaging segments. The combined company will provide software to more than 750 customers and 1,200 manufacturing sites across the globe.

Label Traxx provides a comprehensive software suite with end-to-end capabilities including ERP, MES, MIS, CRM, and other technologies that are complementary to Amtech. The company serves a diverse, global customer base spanning more than 500 manufacturing sites that supply a wide variety of end markets.

‘Together, Amtech and Label Traxx form a highly differentiated, premier software platform within the packaging industry,’ said Chuck Schneider, CEO of Amtech. ‘The combined company will offer best-in-class, end-to-end solutions to meet our customers’ packaging and labeling needs across the world, while optimizing their operations at both the enterprise and plant-level.’

‘We are thrilled to invest in the combination of the Amtech and Label Traxx,’ said Preston Thomas, managing director of Peak Rock Capital. ‘We’re excited about the value the combined platform will provide to all customers and the significant growth momentum of the business going forward.’

Pete Leibman, managing director of Peak Rock Capital, added: ‘Over the last several years, Amtech has experienced transformative growth, spurred by investments in R&D, new product offerings, and strategic acquisitions. The company is well positioned to continue its growth trajectory through continuing new customer wins and additional acquisitions.’

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1 month ago

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Amtech acquires Label Traxx

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Acquisition to create a leading industrial software platform to the packaging industry.

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Acquisition to create a leading industrial software platform to the packaging industry.

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INX International invests in Oden Technologies

Piotr Wnuk — Thu, 11 Apr 2024 05:13:18 +0000

INX International Ink Co. has participated in a USD 28.5 million Series B round of venture funding for Oden Technologies, one of the leading AI-powered analytics providers for manufacturing companies. It is the fifth company INX has invested in since establishing a USD 50 million venture capital investment program in 2022.

Oden Technologies is led by co-founders Willem Sundblad and Peter Brand. The company’s AI technologies combine data aggregation and organization to deliver prescriptive analytics and automation, helping manufacturers optimize production for throughput, quality, profitability and sustainability.

For INX, Oden’s software is helping improve product quality and consistency across batches while maximizing throughput. INX is also supporting Oden with product roadmap evaluation and piloting new offerings.

‘We view Oden Technologies as a platform for enabling industry 4.0-level efficiencies and quality,’ said Shane Bertsch, INX senior vice president of innovation and strategy. ‘INX believes that machine learning and AI can contribute to several aspects of our business. It will augment our resources to become faster and more efficient in driving innovation and deliver more value to INX customers.’

Sundblad, added: ‘INX has been a great customer and partner to Oden. Our shared vision of empowering the front line to make production improvements through data has helped us improve our offerings in several ways. We are thrilled to have INX on our cap table as an investor, and their support reinforces the value of Oden’s solutions for enterprise manufacturing companies.’

INX is already using new Oden products such as the Data Engine, Process Analytics, and Process AI to increase efficiencies and capacity. Process AI is a live dashboard that line operators use for real-time production setting adjustments that improve business outcomes and consistency. Process AI also delivers predictive quality and adjustment-driven impact on the line to improve operator confidence. Process Analytics is a tool that process engineers use to analyze changeover procedures between orders and make adjustments that maximize uptime.

An Oden Technologies pilot program with INX produced impressive results, including a 13 percent improvement in asset availability, a 71 percent reduction in changeover times, and over a 40 percent increase in line speed. The technology is scalable from a single line to an enterprise-wide deployment.

‘We learned Oden provides significant value in real time manufacturing data visibility,’ said Jim Kochanny, INX chief operating officer. ‘We are enthusiastic to begin testing additional value-added features related to machine learning and AI, which can help INX further improve manufacturing efficiencies. With Oden being an expert and thought leader in this space for manufacturing, we look forward to building our ecosystem and learning more.’

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INX International invests in Oden Technologies

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The company is already using Oden products to increase efficiencies and capacity.

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The company is already using Oden products to increase efficiencies and capacity.

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Arden Group acquires Lasercomb Dies

Piotr Wnuk — Thu, 04 Apr 2024 01:43:13 +0000

Arden Group, based in Marple, Stockport, UK, has completed the acquisition of Lasercomb Dies which operates a die-making and engraving arm, with manufacturing site in Redditch, UK, with a team of around 80 employees. The conditions of the agreement were not disclosed, and the operations will continue as normal following the takeover.

Martin Poynter, managing director of Arden Group, said: ‘Much like Arden, Lasercomb is a leading name in die-making and engraving, so we’re delighted to bring its skills and expertise in the flatbed folding carton market into the Arden Group. While it will be very much business as usual for the long-established Lasercomb brand, we’re excited about the opportunities it presents for our customers and our combined workforce.

‘With Arden located in the North and Lasercomb in the Midlands, this acquisition will support our ambitions to expand our operations and better meet the needs of our customers across the UK and beyond, as we consolidate our efforts and share our combined knowledge of the industry.

‘In today’s economic climate, ensuring certainty in the supply chain is paramount. With this acquisition, we are better positioned to mitigate risks and guarantee continuity for our customers, while strengthening our position within the market as the largest die-maker in the UK.’

The family-owned Arden Group of companies comprises Arden Dies, Arden Engraving and Arden Software. Founded as a die-makers in 1964, this year the Arden Group celebrates 60 years in business.

Meanwhile, this year marks 40 years in business for Lasercomb, which was founded in 1984 as a manufacturer of press ready die tooling systems for the print and packaging industries.

Poynter, added: ‘2024 is a very special anniversary year for both Arden and Lasercomb, so it feels very apt that this acquisition presents a unique opportunity to combine a century of knowledge, innovation, and industry expertise, as we build on a new future together.’

Both Arden and Lasercomb are Bobst certified die-makers, which is an advanced certification for professional die-makers to provide high performance tooling.

Arden takes over the business from the three current shareholders and directors: Mark Ridings, Alistair Baxter and Mark Guest. Baxter will stay on as sales director and the current managing director Mike Allsop will also continue in his role.

Speaking on behalf of the shareholders Ridings said: ‘Reflecting on our journey with Lasercomb, we’re proud to have been part of an organization that has garnered a solid reputation as one of the UK’s leading and best-known die-makers. We feel confident that the combined strengths of Arden and Lasercomb will deliver real benefits for our customers and ensure a sustained and strong future for the workforce.’

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1 month 1 week ago

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Arden Group acquires Lasercomb Dies

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With this acquisition the group aims to cement its position as one of the largest die-makers in the UK.

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With this acquisition the group aims to cement its position as one of the largest die-makers in the UK.

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M&A

Agergaard Group forms Agergaard North America

Adheso-Graphics joins Anderson & Vreeland

Wise acquires assets of Phoenix Data

Peacock Bros. agrees to acquire Insignia in May

ProMach acquires Mexican label converter Etiflex

API Foilmakers acquires United Foils Europe and its subsidiaries

The new dynamics of M&A

Bob Cronin

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Amtech acquires Label Traxx

INX International invests in Oden Technologies

Arden Group acquires Lasercomb Dies