Business News

YORK Label Acquires Southern Atlantic Label

Tuesday 05. January 2010 - YORK Label announced its acquisition of Southern Atlantic Label. Located in Chesapeake, Virginia, Southern Atlantic Label was founded in 1972 and employs 130 people. Southern Atlantic Label has a reputation for high-quality products and strong relationships with long-standing customers.

Southern Atlantic Label’s primary market segment is food including poultry, deli meats, cooking oils and sauces in addition to beverages, durable goods, healthcare and personal care; which align very well with YORK’s core markets. This acquisition will support YORK’s business plan to acquire companies that strengthen its position in the market and provide additional geographic footprint in the industry.

“The addition of Southern Atlantic Label to the YORK Label platform brings benefits to all stakeholders. Southern Atlantic Label is complementary to our company not only from a regional perspective but to create new growth opportunities with world class consumer product companies. Southern Atlantic Label associates will benefit as a result of the strength of YORK Label’s structure and focused investments. Southern Atlantic Label customers will benefit due to expanded capabilities of YORK Label in addition to the outstanding quality, responsiveness and service which has been consistently demonstrated by Southern Atlantic Label,” quoted John McKernan, YORK Label President and CEO.

Terms of the acquisition were not disclosed but the transaction was 100% funded via new capital infusion by Diamond Castle Holdings (DCH) and YORK Label management.