Year In Review (Cont’d from Page 5)
With the recent installation of a Bobst M5 nar- row-web press to complement the DuPont fast plate-making system and a full Esko software suite, Apex International and its partners launched the Asia-Pacific FlexoKite experience center. Flint Group signed a definitive agreement to sell its XSYS division, which specializes in the devel- opment and supply of printing plates, sleeves and adapters, and pre-press equipment to the packag- ing industry, to an affiliate of Lone Star Funds, a global private equity firm. Resource Label Group , Franklin, Tennessee, a pro- vider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry, ac- quired Ample Labels located in Nixa, Missouri, and Longmont, Colorado-based StickerGiant.com, Inc . Located near Milan in Olgiate Olona (VA), Apex Italy completed its factory expansion begun during the pandemic which doubled the size of one of its production facilities. Private equity firm Mason Wells closed on the ac- quisition of KDV Labels, LLC and its sister com- pany, I-Graphics, LLC . The company is owned by Mason Wells, members of the Vaughn family and current management, and other co-investors. Avery Dennison Corporation completed the ac- quisition of Vestcom , Little Rock, Arkansas, for the purchase price of $1.45 billion. Vestcom is now an Avery Dennison company. Vestcom is a provider of pricing and branded labeling solutions at the shelf- edge for retailers and consumer packaged goods companies. It uses data management capabilities to synthesize and streamline store-level data and deliver item-specific, price-integrated messaging at the shopper’s point of decision. Harvest Partners announced that funds managed by Harvest, along with management, acquired Fortis Solutions Group , Virginia Beach, Virginia, a provider of specialty packaging solutions, from Main Post Partners. The company’s management team, led by founder and CEO John Wynne, contin- ue to lead Fortis and remain significant owners of the business alongside Harvest. Asteria Group , a global labels and packaging group, acquired CS Labels , Wolverhampton, United Kingdom. CS Labels consists of companies situated all over Europe including its head office in Belgium, Netherlands, Germany, France, Denmark, Spain, Es- tonia and Finland. CS Labels , Wolverhampton, UK, was acquired by labels and packaging company Asteria Group , headquartered in Belgium.
(Cont’d on Page 9)
Flexo Market News December 20, 2021 7
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