GREEN BAY, WIS. (June 12, 1:35 p.m. ET) — Labels major WS Packaging Group Inc. has expanded its stake in industrial labels by acquiring Consolidated Products Inc. in late May for undisclosed terms.
WS Packaging, with annual sales of about $400 million, is the second-largest label printing and converting company in North America, said the firm's corporate marketing director Mark Moorhead in a telephone interview. The company now runs 19 production plants in North America, including the Knoxville, Tenn., plant acquired with Consolidated Products. Moorhead declined to state sales of Consolidated Products, which was privately held.
“Industrial was not a big area for us before,” Moorhead explained.
Industrial labels, mainly made from paper, are durable to last the lifetime of the product to which they are affixed. Appliances, auto parts and air cylinders are typical products requiring permanent labels. CSA- and UL-listed products frequently employ them to indicate safety or energy ratings.
Moorhead said his firm does modest business in plastic labels, mainly for short runs of specialty drink bottles. WS Packaging also is a big player in other forms of converted packaging. The firm, based in Green Bay, is majority owned by J.W. Childs Associates LP, a private equity firm in Boston.
“With more than 24 years of experience, adding their vast knowledge of the converting business and their other capabilities to our product offering strengthens our strategic initiatives to be a true single-source provider for a broad range of our customers' printing and packaging needs,” WS Packaging CEO Rex Lane said in a news release.