03.05.20
Lux Global Label has announced the acquisition of Labelworx, a provider of digital labels and packaging to some of the world’s most respected brands. This strategic acquisition broadens the operational capabilities of Lux Global Label, formerly known as National Label, into the high-growth area of digital printing while further diversifying its customer base and markets.
Founded in 2004, Labelworx is known for its digital printing expertise in prime-pressure sensitive, shrink sleeves and flexible packaging and serving a diverse group of consumer brands. Labelworx also is known for its environmentally-sustainable printing capabilities. The company's HP Indigo digital press, for example, is manufactured CO2-neutral, with supplies designed for reusable and recyclable parts to further reduce the impact of printing on the environment.
Starting its fourth year in business under the ownership of Resilience Capital Partners, Lux Global Label has been recognized for its quality, on-time delivery and service. With the addition of Levittown, PA-headquartered Labelworx, the Lux Global Label family now includes two production facilities in the United States, as well as facilities in Singapore and Puerto Rico.
"This is a new phase in our investment in Lux Global Label and underscores our belief in the growth opportunity in digital printing and the overall potential in label and packaging for our portfolio," says Steve Rosen, co-CEO of Resilience Capital. “The Labelworx acquisition positions Lux Global Label as a top-tier solutions provider in the growing digital labeling market with a ready-made operation, knowledgeable staff, state-of-the-art equipment and immediate industry credibility.”
Jack Lang, co-founder and president of Labelworx, will continue to lead the digital printing business. “We are excited to join the Lux Global Label family and look forward to continuing its tradition of innovating and delivering differentiated label and packaging products to the market,” he says.
“Labelworx’s ability to serve evolving niche brands, new technologies in metallics and shrink sleeves, quick turnaround capabilities and an excellent team complements Lux Global Label’s existing competencies in pharmaceuticals and health and beauty and make it an excellent fit for this market,” adds Rosen.
Lux Global Label and Labelworx will continue to benefit from the support and resources of Resilience Capital Partners, as well as financial partners LBC Credit Partners and MidCap Financial, LLC.
The global digital printing market, valued at $21.35 billion in 2018, is projected to reach $33.49 billion by 2026, according to Verified Market Research, growing at a CAGR of 5.76%.
Terms of the transaction, which closed on March 3, 2020, were not disclosed.
Founded in 2004, Labelworx is known for its digital printing expertise in prime-pressure sensitive, shrink sleeves and flexible packaging and serving a diverse group of consumer brands. Labelworx also is known for its environmentally-sustainable printing capabilities. The company's HP Indigo digital press, for example, is manufactured CO2-neutral, with supplies designed for reusable and recyclable parts to further reduce the impact of printing on the environment.
Starting its fourth year in business under the ownership of Resilience Capital Partners, Lux Global Label has been recognized for its quality, on-time delivery and service. With the addition of Levittown, PA-headquartered Labelworx, the Lux Global Label family now includes two production facilities in the United States, as well as facilities in Singapore and Puerto Rico.
"This is a new phase in our investment in Lux Global Label and underscores our belief in the growth opportunity in digital printing and the overall potential in label and packaging for our portfolio," says Steve Rosen, co-CEO of Resilience Capital. “The Labelworx acquisition positions Lux Global Label as a top-tier solutions provider in the growing digital labeling market with a ready-made operation, knowledgeable staff, state-of-the-art equipment and immediate industry credibility.”
Jack Lang, co-founder and president of Labelworx, will continue to lead the digital printing business. “We are excited to join the Lux Global Label family and look forward to continuing its tradition of innovating and delivering differentiated label and packaging products to the market,” he says.
“Labelworx’s ability to serve evolving niche brands, new technologies in metallics and shrink sleeves, quick turnaround capabilities and an excellent team complements Lux Global Label’s existing competencies in pharmaceuticals and health and beauty and make it an excellent fit for this market,” adds Rosen.
Lux Global Label and Labelworx will continue to benefit from the support and resources of Resilience Capital Partners, as well as financial partners LBC Credit Partners and MidCap Financial, LLC.
The global digital printing market, valued at $21.35 billion in 2018, is projected to reach $33.49 billion by 2026, according to Verified Market Research, growing at a CAGR of 5.76%.
Terms of the transaction, which closed on March 3, 2020, were not disclosed.
