Sole Sourch Portfolio Company ID Images Acquires Summit Labels and Precision Label

Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, ID Images (“IDI”), a premier provider of product identification solutions, has acquired Summit Labels and Precision Label in separate transactions. The acquisitions bring the total number of add-on investments for IDI to seven since becoming a Sole Source Capital portfolio company in August 2021, with the company’s most recent acquisition of Hickman Label announced just last month. Terms of the transactions were not disclosed.

Jointly-owned Vancouver, Canada-based Summit Labels and Calgary, Canada-based Precision Labels are both manufacturers of prime labels for the food & beverage, industrial, and nutraceutical end markets. The companies’ Canadian facilities expand IDI’s presence across Canada while increasing its exposure to digital printing and prime label offerings. In addition, the companies’ design and marketing teams often collaborate with clients to help create branding strategies through custom labeling.

“The teams at Summit and Precision have done an outstanding job creating a best-in-class prime label business. We look forward to adding their strong digital and flexographic capabilities to the IDI platform,” said Dewey Turner, Partner, and President of Operations at Sole Source Capital.

“These acquisitions augment our prime labeling capabilities with high-quality digital and flexo expertise, expanding the IDI footprint throughout Canada,” said Jeff Fielkow, President and CEO of IDI. “Our new partners share our spirit of customer-centric focus and collaboration, offering customized label solutions to support our customers’ innovation and growth.

“We are pleased to announce the partnership with ID Images and Sole Source,” said Matt Sauder, President of Summit Labels and Precision Label. “There is a clear fit between the companies, and we expect this relationship to bring value to our employees, customers and stakeholders.”
https://www.idimages.com/Documents/press-release/SSC-ID-Images_Summit_Precision-FINAL.pdf

Related Posts

Lecta, committed to responsible sourcing

As part of our 2030 Sustainability Strategy, Lecta has taken a further step in our track record with EcoVadis​, the world's most trusted provider of business sustainability ratings. We have just begun a new partnership at the Group level to assess sustainable performance throughout our supply chain. Through this partnership, we aim to enhance transparency and accoun​​tability in our procurement processes using the strict standards set by EcoVadis' methodology. Lecta's suppliers will be evaluated on the four key pillars of sustainable development: environment, labor, business ethics and sustainable procurement. These evaluations will enable us to identify areas for improvement and work closely with our suppliers to drive positive change. This is essential for our goal of delivering the highest quality products while minimizing our impact on the planet and society, as well as ensuring compliance with European Green Deal objectives, one of Lecta's main commitments.

Clearwater Paper Announces Joanne P. Shufelt as New Consumer Products Leader

Clearwater Paper Corporation announced a key divisional executive appointment. Joanne P. Shufelt is named senior vice president and general manager of the consumer products division, effective immediately. Ms. Shufelt succeeds Arsen Kitch, who was named president and chief executive officer of the company in April 2020. Ms. Shufelt joined Clearwater Paper in 2012 as vice president of sales and marketing for consumer products and has since grown in leadership responsibilities while in this role. Previously, she held sales leadership positions at Duro Standard Products, a private packaging company, and AbitibiBowater Inc., now Resolute, Inc., a pulp, paper, and tissue company.

Ahlstrom- Munksjö’s new product portfolio offers a full suite of fabrics for medical and civil use face masks, including biodegradable and compostable materials

TenderGuard™ BioBased can be used as an inner or outer coverstock layer of a civil face mask. It is highly breathable, biocompatible, and non-irritating, so it's gentle on the skin and comfortable to wear for long durations. Mainly comprised of polylactic acid, which is a biopolymer made from sustainable and renewable sources, TenderGuard™ BioBased is an alternative to synthetic spunbond material.  TenderGuard™ BioFilter is a sustainable filter media that can be used as a single layer or combined as a double layer for higher filtration performance in a barrier face covering. This unique fabric is made up of a special blend of cellulosic and cellulose-based manmade fibers making the filter media 100% bio-based. The TenderGuard™ product portfolio consists of protective fabrics applicable for medical use as well. TenderGuard™ Natural is a wetlaid fabric that can be used as the inner or outer layer of a face mask. It is environmentally friendly, and the hypoallergic inner layer makes it super soft for the wearer. With both layers together, TenderGuard™ Natural achieves nearly 50% Bacterial Filtration Efficiency, which is remarkable without a filtration layer included. TenderGuard™ Smooth consists of bicomponent spunbond fabrics that are made with a proprietary technology that minimizes raised fibers. This creates a smooth surface to help eliminate any skin irritation, which is essential when it comes to a face mask. TenderGuard™ Smooth is hypoallergenic, so it is gentler on the skin, making it ideal to wear for long durations.  
Back To Top
×Close search
Search