Resilience Capital Partners-backed LUX Global Label has acquired Labelworx, a digital label and packaging partner to some of the world’s most respected brands. This strategic acquisition is expected to broaden 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 considered a pacesetter in digital labeling, known for its expertise in prime-pressure-sensitive, shrink sleeves and flexible packaging and serving a diverse group of fast-growing consumer brands. Labelworx also is known for its environmentally-sustainable printing capabilities. The 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.
LUX is starting its fourth year in business under the ownership of Resilience Capital Partners. With the addition of Levittown, Pennsylvania.-headquartered Labelworx, LUX now includes two state-of-the-art production facilities in the U.S., 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," Resilience Capital Co-CEO Steve Rosen said in a statement. “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. He added: “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.”
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,” added Rosen.
LUX Global Label and Labelworx will continue to benefit from the support and resources of Resilience Capital Partners, as well as financial partners including LBC Credit Partners and MidCap Financial LLC.
Terms of the transaction, which closed on March 3, were not disclosed.
