Published:
YORK Label Poised for Continued Growth with New Equity Partner
OMAHA, Neb., June 18 /PRNewswire/ -- YORK Label CEO Rich Egan announced
today that LabelCorp Holdings, Inc. ("YORK Label") has partnered with a new
private equity sponsor, Diamond Castle Holdings, LLC ofNew York. Diamond
Castle, in partnership withYORK's Senior Management Team, has signed a
definitive purchase agreement to acquire YORK Label from Wind Point Partners
ofChicago, Illinois.
YORK Label has steadily become a leading force in the prime label market
through strategic acquisitions over the last twenty-four months, most recently
with Cameo Crafts ofMontreal, Canada. The company is a leading provider of
high quality and innovative labeling technologies to major consumer products,
wine and spirits, pharmaceutical, and food and beverage companies worldwide.
With fourteen world-class label production facilities and fifteen sales &
technical offices throughout the Americas, the company services over 3,000
customers and employs over 800 associates.
YORK Label CEO Rich Egan comments, "We are excited about this new
partnership with Diamond Castle. YORK Label is now well positioned to make
immense progress in reaching our goal of becoming a significant global
supplier to our major customers and end markets. Diamond Castle has a
phenomenal record of partnering with Senior Management to provide significant
capital necessary to create more valuable organizations." Egan added, "We
expect the transaction to close within the next 60 days."
About YORK Label
Omaha, NE based YORK Label is a leading provider of high quality,
innovative label and package solutions to global consumer products, wine and
spirits, pharmaceutical and food and beverage companies. YORK Label has
fourteen state-of-the art production facilities and over 800 associates
throughout the Americas. For more information please visit
http://www.yorklabel.com.
About Diamond Castle Holdings, LLC
Diamond Castle Holdings, LLC is a private equity firm with over $1.85
billion of committed capital under management. Founded in 2004, Diamond Castle
specializes in leveraged buyouts, growth capital and equity-like investments
in both public and private companies. Diamond Castle targets investments in
the following industry sectors: media and communications, energy and power,
financial services, healthcare and diversified industries. Diamond Castle has
25 employees located inNew York, New York. For more information please visit
http://www.dchold.com.
About Wind Point Partners
Wind Point Partners is a private equity investment firm with $2 billion of
capital under management. Wind Point focuses on partnering with top caliber
management teams to acquire solid middle market businesses with a clear path
to value creation. Additional information about Wind Point is available at
http://www.windpointpartners.com.
SOURCE YORK Label
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