Fort Dearborn Company Acquires AC Label
DENVER, CO (June 18, 2013) Fort Dearborn Company, a leading supplier of cut & stack, pressure sensitive, roll-fed and shrink sleeve labels, has acquired AC Label which includes St. Louis Litho and St. Louis Pressure Sensitive. The acquisition of AC Label enhances Fort Dearborn’s leadership position in the decorative label marketplace by broadening its geographic footprint, capabilities and market penetration. Fort Dearborn’s management team is experienced in executing and integrating add-on acquisitions effectively and fully anticipates the addition of AC Label to be an important contributor to Fort Dearborn’s near-term and ongoing success.
KRG Capital Partners Fund IV (KRG) made an investment in Fort Dearborn Company in August of 2010. The acquisition of AC Label represents the 180th investment for KRG since inception.
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. The company provides cut & stack, pressure sensitive, roll-fed and shrink sleeve labels across multiple print technologies including digital, flexographic, offset lithographic and rotogravure. Headquartered in Illinois, the company has ten operating divisions in North America, employing nearly 1,200 associates. For more information, please visit www.fortdearborn.com.
About AC Label: AC Label is a leading supplier of specialty cut & stack and pressure sensitive labels primarily for the beverage, nutraceutical and spirits markets. The company has three operating divisions in North America (Louisville, KY; Provo, UT; and St Louis, MO), employing approximately 200 associates.
About KRG Capital Partners: Founded in 1996, KRG is a Denver based private equity buyout firm with $4.4 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. Since inception, KRG has invested in 45 platform companies and has completed 135 add-on acquisitions for those platforms. For more information on KRG, please visit www.krgcapital.com.