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FOR IMMEDIATE RELEASE: June 18, 2008 YORK
Label Poised for Continued Growth with New Equity Partner. OMAHA, Neb., June 18 /PRNewswire/ -- YORK Label CEO Rich Egan announced today that LabelCorp Holdings, Inc. ("YORK Label") has partnered with a new private equity sponsor, Diamond Castle Holdings, LLC of New York. Diamond Castle, in partnership with YORK's Senior Management Team, has signed a definitive purchase agreement to acquire YORK Label from Wind Point Partners of Chicago, Illinois. YORK Label has steadily become a leading force in the prime label market through strategic acquisitions over the last twenty-four months, most recently with Cameo Crafts of Montreal, Canada. The company is a leading provider of high quality and innovative labeling technologies to major consumer products, wine and spirits, pharmaceutical, and food and beverage companies worldwide. With fourteen world-class label production facilities and fifteen sales & technical offices throughout the Americas, the company services over 3,000 customers and employs over 800 associates. YORK Label CEO Rich Egan comments, "We are excited about this new partnership with Diamond Castle. YORK Label is now well positioned to make immense progress in reaching our goal of becoming a significant global supplier to our major customers and end markets. Diamond Castle has a phenomenal record of partnering with Senior Management to provide significant capital necessary to create more valuable organizations." Egan added, "We expect the transaction to close within the next 60 days." About YORK Label Omaha, NE based YORK Label is a leading provider of high quality, innovative label and package solutions to global consumer products, wine and spirits, pharmaceutical and food and beverage companies. YORK Label has fourteen state-of-the art production facilities and over 800 associates throughout the Americas. For more information please visit http://www.yorklabel.com. About Diamond Castle Holdings, LLC Diamond Castle Holdings, LLC is a private equity firm with over $1.85 billion of committed capital under management. Founded in 2004, Diamond Castle specializes in leveraged buyouts, growth capital and equity-like investments in both public and private companies. Diamond Castle targets investments in the following industry sectors: media and communications, energy and power, financial services, healthcare and diversified industries. Diamond Castle has 25 employees located in New York, New York. For more information please visit http://www.dchold.com. About Wind Point Partners Wind Point Partners is a private equity investment firm with $2 billion of capital under management. Wind Point focuses on partnering with top caliber management teams to acquire solid middle market businesses with a clear path to value creation. Additional information about Wind Point is available at http://www.windpointpartners.com. Contact: David
E. Klotter, Vice President of Marketing |
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