York Label Partners with Diamond Castle Holdings
OMAHA, Neb.—YORK Label CEO Rich Egan announced that LabelCorp Holdings, Inc. (YORK Label) has partnered with a new private equity sponsor, Diamond Castle Holdings, LLC of New York.
Diamond Castle, in partnership with YORK’s senior management team, has signed a definitive purchase agreement to acquire YORK Label from Wind Point Partners of Chicago, Ill.
YORK Label has become a leading force in the prime label market through strategic acquisitions over the last 24 months, most recently with Cameo Crafts of Montreal, Canada. The company is a provider of high-quality labeling technologies to major consumer products, wine and spirits, pharmaceutical, and food and beverage companies worldwide. With 14 label production facilities and 15 sales and technical offices throughout the Americas, the company services more than 3,000 customers and employs more than 800 associates.
YORK Label CEO Rich Egan commented, “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 expects the transaction to close within the next couple of months.