FMN | July 23rd, 2018

An N.V. Publication FLEX

July 23, 2018

Vol. 20 No. 15

Market News

®

Serving The Flexographic Printing Industry In Print and Online at www.nvpublications.com

Fortis Solutions Group Acquires Lewis Label reported by Greg Kishbaugh FF ortis Solutions Group, Virginia Beach, Virginia, a portfolio company of Main Post Partners, has acquired Lewis Label Products Corporation. Lewis Label, located in Fort Worth, Texas, is a custom manu- facturer of pressure sensitive labels, shrink sleeves and flexible packaging products. Established in 1964, Lewis provides labels and packaging customers across the United States.The compa- ny revolves exclusively around the flexographic process.

For exclusive content and breaking news please visit www.flexomarketnews.com The food & beverages segment is projected to be the fastest-growing end-user industry in the next five years. However, release liner labels segment is estimated to give the largest market share whereas liner- less labels, at the highest CAGR, will play a key role in changing the pres- sure labels landscape during the forecast period. Pressure Labels See Sustained Growth Global Pressure Labels Market ac- counted for $70.85 million in 2017 and is expected to reach $120.51 million by 2026 growing at a CAGR of 6.08 percent during the forecast period, according to a new report from ResearchAndMarkets. The growth of this market is mainly dri- ven by growth in pharmaceuticals industry, wide application in various industries. Furthermore with tech- nological advancements, industrial- ization and medical sector across the globe, there is a rapidly increas- ing need for pressure labels. Howev- er, rising raw material cost and advantages of wet-glue labels over pressure labels are the restraints lim- iting the market growth.

Lewis Label, a flexo converter, is based out of Fort Worth, Texas.

“Every minute, Lewis Label Products processes several hun- dred feet of material at our state-of-the-art flexographic press- es,” the company states.“While the setup time for the job might be higher, printing the labels in bulk is a quick process.We use the standard four color CMYK (cyan, magenta, yellow and Key black) inks in the flexographic printing, besides employing cold foil stamping — another process to create metallic accents.” The company states that it offers additional applications, such as lamination, foiling, diecutting, UV varnish, and embossing. Lewis Label states among its capabilities the ability to take

(Cont’d on Page 7)

Made with FlippingBook Learn more on our blog