YORK Label Acquires Southern Atlantic Label
OMAHA, Neb.—YORK Label announced its acquisition of Southern Atlantic Label. Located in Chesapeake, Virginia, Southern Atlantic Label was founded in 1972 and employs 130 people.
Southern Atlantic Label's primary market segment is food including poultry, deli meats, cooking oils, and sauces, in addition to beverages, durable goods, healthcare, and personal care. According to YORK, these align very well with the company's core markets. The acquisition will support YORK's business plan to acquire companies that both strengthen its position in the market and provide additional geographic footprint in the industry.
"The addition of Southern Atlantic Label to the YORK Label platform brings benefits to all stakeholders," commented John McKernan, YORK Label president and CEO. "Southern Atlantic Label is complementary to our company not only from a regional perspective but to create new growth opportunities with world-class consumer product companies. Southern Atlantic Label associates will benefit as a result of the strength of YORK Label's structure and focused investments. Southern Atlantic Label customers will benefit due to expanded capabilities of YORK Label in addition to the outstanding quality, responsiveness and service which has been consistently demonstrated by Southern Atlantic Label."
Terms of the acquisition were not disclosed but the transaction was 100 percent funded via new capital infusion by Diamond Castle Holdings (DCH) and YORK Label management.
John McKernan