Resource Label Group's Add-On Acquisition Announced
PITTSBURGH, PA - July 29, 2011
PNC Mezzanine Capital today announced that its portfolio company, Resource Label Group, LLC ("RLG" or the "Company"), has purchased Pamco Printed Tape & Label Co. ("Pamco"), a designer and manufacturer of pressure sensitive labels, non-pressure sensitive labels and hang tags. Based in Des Plaines, Illinois, Pamco has a long, successful history and currently services a customer base that includes over 1,000 national, regional and local businesses.
Pamco represents the first add-on acquisition for RLG since the Company was acquired by a fund managed by First Atlantic Capital, Ltd in April 2011. The Pamco acquisition represents a successful first step in the Company's consolidation strategy and expands RLG's geographic footprint into Chicago and into the Midwest.
About PNC Mezzanine Capital
PNC Mezzanine Capital focuses on financing buyouts, recapitalizations and consolidation strategies in companies in a wide range of industries, including business services, niche manufacturing and value-added distribution. Since 1989, PNC Mezzanine Capital has been a stable, thoughtful mezzanine partner for sponsor groups, entrepreneurs and management teams. Our approach has been to underwrite the long-term business strategy of our portfolio companies allowing us to respond constructively to the opportunities and challenges of the changing business environment. We seek to invest $10 million to $45 million in subordinated debt and equity in companies with strong management teams, proven business models and stable cash flows with a clear avenue for growth.
About Resource Label Group, LLC
Headquartered in Franklin, TN, RLG is a full service designer and manufacturer of pressure sensitive labels to niche, high-value markets, including the chemical, industrial, food, and retail industries. The Company's printing capabilities include UV flexographic, letterpress, rotary screen, and digital printing. RLG's product offering consists of prime retail labels, booklets, extended content labels, and RFID tags. For more information, about the Company visit http://www.resourcelabelgroup.com.
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Contact Media Relations:
B. Douglas Phillips
PNC Mezzanine Capital
(412) 768 - 2379