Astro-Med Inc. (NASDAQ: ALOT) has acquired Label Line Ltd., a manufacturer of labels and tags located in Asheboro, NC, USA. Label Line becomes part of Astro-Med’s QuickLabel Systems brand, a manufacturer of digital color label printers and related labels, tags, and ink supplies.
The facilities and employees of the former Label Line will remain in North Carolina, and enable QuickLabel Systems to serve customers nationwide with high-end offset and flexographic printed labels, hot stamp labels, string tag labels, apparel labels and tags, bar code labels, and specialty custom-printed materials, according to the company.
“Acquiring this established label converter and custom label printhouse will allow QuickLabel Systems to serve customers across the United States with increased production capacity and broader label product offerings,” says Astro-Med CEO Albert W. Ondis. “Customers who own our label printers will benefit from these expanded capabilities, and we will be able to add new customers who are in the market for custom label printing services, especially for the very high-end custom labels demanded by food and beverage and health and beauty brands for their primary display label packaging.
“The acquisition of Label Line is in accordance with the three-year strategic business plan we adopted in August, which calls for us to make a few modest acquisitions which, along with internal growth, will drive our revenue toward the $100 million mark. We expect this acquisition to allow us to realize approximately $5 million in sales that will be accretive to revenues as well as earnings,” Ondis adds.
Bill Lineberry, former president of Label Line, joins QuickLabel Systems as a consultant. “For years I’ve admired QuickLabel’s digital label printers and the specialty color thermal transfer ribbons and labels they have tailor-made for their printers. I’m delighted to be able to contribute the talents of our press operators, production artists, salespeople, and the capabilities of the 21 presses we have here in North Carolina to the growing QuickLabel Systems business,” he says.
Astro-Med, based in West Warwick, RI, USA, manufactures specialty high tech printing systems, electronic medical instrumentation, and test and measurement instruments under the brand names Astro-Med, Grass Technologies and QuickLabel System