Year In Review ( Cont’d from Page 10)
formed in 1998 between Texpack, Inc. , a Spanish- based global provider of paper-based packaging products, and Sonoco’s former North America textile cone business. Sonoco acquired the remaining 70 percent interest from Texpack, Inc., along with a composite can plant in Spain for $143 million in cash. In 2017, the joint venture produced total sales of approximately $245 million. Brook and Whittle Holdings, Corp. , North Bran- ford, Connecticut, a provider of pressure sensitive and shrink sleeve prime labels to consumer and med- ical end use markets, invested in Prime Package & Label Co., LLC , St. Louis, Missouri, a producer of pressure sensitive, shrink sleeve and heat transfer la- bels into a variety of consumer end markets. Garlock Printing , Gardner, Massachusetts, in- stalled two Onyx 110 presses from Uteco . Garlock is a privately held company with its own in-house graphics capability, providing pre-press and plate making services. Fortis Solutions Group ,Virginia Beach,Virginia, a port- folio company of Main Post Partners, acquired Premier Georgia Printing & Labels , Flowery Branch, Georgia, andAustin Label Company,located inAustin,Texas. Resource Label Group, LLC , Franklin, Tennessee, a full-service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the pack- aging industry, acquired Spectrum Label Corpora- tion , Hayward, California, a pressure sensitive labeling provider that produces products for various segments including food, medical and pharmaceuti- cal.Terms of the transaction were not disclosed. Eastman Kodak Company entered into a defini- tive agreement to sell its Flexographic Packaging Di- vision to Montagu Private Equity LLP , a private equity firm.After closing, the business will operate as a new standalone company that will develop, manu- facture and sell flexographic products, including the flagship KODAK FLEXCEL NX System, to the packag- ing print segment. Resource Label Group , a full-service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry, acquired Best Label Company . Located in Cerritos, California, and Union City, California, Best Label provides labeling so- lutions across a variety of segments including the food, beverage, health and beauty, pharmaceutical, au- tomotive, agricultural and chemical industries. Mark Andy Print Products , the supplies, and con- sumables division of Mark Andy Inc. , has been named the preferred global distributor of RotoMetrics print cylinders and magnetic cylinders.
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14 December 24, 2018 Flexo Market News
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