Label Arts LLC has been acquired by Field Ventures LLC., a private investment firm based in Northbrook, Ill.
The label converter, of Kemp, Texas, makes a range of label products, including preprinted, blank, RFID, and custom labels along with hardware that are used in a wide variety of settings and applications, according to the company's website.
These labels are used in settings such as laboratories and hospitals, warehouses and distribution centers for healthcare and industrial use, the company said.
Blaige & Co., based in Chicago, advised Label Arts on the sale, which follows a trend in that market.
“Blaige & Co. research estimates that 52 percent of the top 50 U.S. label converters have merged or been sold since 2001 due to a long-term consolidation trend,” said CEO Thomas Blaige in a statement. “Label converters with less than $250 million in sales are gradually losing market share to their stronger competitors and must consider aggressive M&A strategies, including strategic acquisitions and selective divestitures.”
Field Ventures was founded by Larry Field, former owner and CEO of Field Container Co.