Astro-Med's Quicklabel Systems Acquires Label Company in North Carolina
January 13, 2010
by Canadian Packaging Staff
Astro-Med, Inc., headquartered in West Warwick, RI has announced it has acquired Label Line Ltd., a manufacturer of labels and tags located in Asheboro, NC.
Label Line will become part of Astro-Med’s QuickLabel Systems brand, a leading manufacturer of digital color label printers and related labels, tags, and ink supplies. The facilities and employees of the former Label Line will remain in place and enable QuickLabel Systems to serve customers nationwide with high-end offset and flexographic printed labels, hot stamp labels, string tag labels, apparel labels and tags, barcode labels, and specialty custom-printed materials, according to the company.
Albert W. Ondis, Astro-Med, Inc. chief executive officer states: "Acquiring this established label converter and custom label printhouse will allow QuickLabel Systems to serve customers across the United States with increased production capacity and broader label product offerings. Customers who own our label printers will benefit from these expanded capabilities, and we will also be able to add new customers who are in the market for custom label printing services, especially for the very high-end custom labels demanded by food and beverage and health and beauty brands for their primary display label packaging.
"The acquisition of Label Line is in accordance with the Three Year Strategic Business Plan we adopted in August (2009) which calls for us to make a few modest acquisitions that, along with internal growth, will drive our revenue toward the $100-million mark. We expect this acquisition to allow us to realize approximately $5-million in sales that will be accretive to revenues as well as earnings," Ondis continues.
Bill Lineberry, former president of Label Line, will join QuickLabel Systems as a consultant. "For years I’ve admired QuickLabel’s digital label printers and the specialty color thermal transfer ribbons and labels they have tailor-made for their printers. I’m delighted to be able to contribute the talents of our press operators, production artists, salespeople, and the capabilities of the 21 presses we have here in North Carolina to the growing QuickLabel Systems business," says Lineberry.
QuickLabel Systems, an Astro-Med, Inc. product group, introduced the first in-house digital color label printer in 1994, and designs, manufactures, and sells a broad range of digital label printers, related blank labels, inks, and thermal transfer ribbon supplies, and custom-printed labels and tags. For more information visit www.QuickLabel.com or by telephoning 877-757-7978.
Astro-Med, Inc. is a leading manufacturer of specialty high tech printing systems, electronic medical instrumentation, and test and measurement instruments with products sold under the Astro-Med, Grass Technologies and QuickLabel Systems brands, and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. For more information, visit www.Astro-MedInc.com.