Cenveo Acquires Rx Label Technology
STAMFORD, CT—Cenveo has pulled off the biggest deal in the first year of Bob Burton’s administration, 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 name Rx Technology at its Joplin, MO, facility.
Rx Label Technology, a $40 million annual performer, manufactures pressure sensitive prescription labels for the U.S. retail pharmacy market. It is reportedly the only converter with the capabilities to produce simplex, duplex (integrated and dual web) and thermal roll labels.
Its product line also includes vinyl shelf labels, pricing labels, case labels, pallet labels and returnable plastic container (RPC) tags.