Cenveo Acquires Large Label Producer
STAMFORD, CT—Cenveo has pulled off the biggest deal in the first year of Bob Burton’s administration there, acquiring Rx Label Technology from Pfingsten Partners and Hilco Equity Partners in an all-cash transaction. Terms of the deal were not disclosed.
The company will operate under the Rx Technology name at its Joplin, MO, facility.
Rx Technology, a $40 million annual performer, manufactures pressure-sensitive prescription labels for the U.S. retail pharmacy market. It is reportedly the only label converter with the capabilities to produce simplex, duplex (integrated and dual web) and thermal rolls.
“This acquisition...brings Cenveo into the high growth, pharmaceutical label market and is expected to be accretive to earnings this year,” notes Burton, chairman and CEO of Cenveo. “The acquisition will also create a platform for us to offer additional products to certain of our customers while simultaneously providing Rx Label’s existing customers with the opportunity to benefit from Cenveo’s core products and services.”
Rx Technology’s product line also includes vinyl shelf labels, pricing labels, case labels, pallet labels and returnable plastic
container (RPC) tags.