Fort Dearborn Company Acquires SleeveCo, Inc.
By Business Wire News
By Business Wire News
Fort Dearborn Company, a KRG Fund IV (“KRG”) portfolio company and a leading supplier of cut & stack, pressure sensitive, roll-fed and shrink sleeve labels, has acquired SleeveCo, Inc. (“SleeveCo”), a manufacturer of Shrink Sleeve and Stretch Sleeve labels featuring flexographic and rotogravure press capabilities.
This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160602006189/en/
The acquisition of SleeveCo further reinforces Fort Dearborn’s leadership position in the prime label marketplace by strengthening its shrink sleeve offering and expanding its product line to include stretch sleeve capabilities and application equipment. With the addition of SleeveCo, Fort Dearborn will have increased capacity as well as enhanced capabilities to provide its customers more production options and increased flexibility.
Fort Dearborn supplies a complete range of label solutions including cut & stack, pressure sensitive, roll-fed and full body shrink sleeve labels across multiple printing technologies including digital, lithographic, flexographic, and rotogravure. The company will now have an additional facility in Dawsonville, GA for a total of fifteen production locations across North America. The company’s solutions offering will be expanded to include additional shrink sleeve capacity and adds stretch sleeve, mid web gravure printing and cylinder engraving capabilities.
KRG Capital Partners Fund IV (KRG) made an investment in Fort Dearborn Company in August of 2010. The acquisition of SleeveCo represents the fourth add-on investment for Fort Dearborn under KRG’s ownership and the 240th acquisition for KRG since inception in 1996.
About Fort Dearborn Company: Fort Dearborn Company is a leading supplier of high-impact decorative labels for the beverage, food, household products, paint and coatings, personal care, private label/retail and spirits markets. Headquartered in Illinois, the company has fourteen operating divisions in North America, employing approximately 1,550 associates.
About Sleeveco: SleeveCo is a leading supplier of shrink and stretch sleeve labels. The company has one label production plant in Dawsonville, GA and employs approximately 125 associates.
About KRG Capital Partners: Founded in 1996, KRG is a Denver-based private equity buyout firm with $4.5 billion of cumulative capital either deployed or available for future investment, which includes approximately $1.1 billion deployed since inception by institutional equity co-investors. The Firm seeks investment opportunities for its partners where KRG can work in concert with owners and operating managers who are committed to expanding their companies and becoming industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a combination of internal growth and complementary add-on acquisitions. For more information on KRG, please visit www.krgcapital.com.
KRG Capital Partners
Chris Lane, 303-390-5001