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York Label acquires Cameo and Package Service.

York Label, of Omaha, NE, USA, has announced the acquisition of two label converting companies: Cameo Crafts and Package Service Company. York, which has five plants in four US locations, now expands its manufacturing facilities to 11, and crosses the border into Canada with the purchase of Cameo.

At the same time, York Label has also purchased 50 percent ownership in a joint venture with Marinetti Packaging. The venture will operate under the name of Cameo Marinetti and is located in Santiago, Chile.

"With these acquisitions, York continues to make immense progress in reaching our goal of becoming a significant global supplier partner to our major customers and markets," says Rich Egan, York's CEO. "Cameo has a history of double-digit organic growth, and all three of these additions will give us a great edge in our efforts towards generating above-market organic growth. In the future, York will look to also grow acquisitively by remaining active in the search for the right add-on acquisitions to this business."

Cameo Crafts is a producer of decorative labeling and packaging technologies based in Canada and the US. Cameo specializes in the pharmaceutical and wine and spirits markets, and has three facilities in Montreal, Canada, one in Toronto, Canada, and one facility in Sonoma Valley, CA. It will operate as Cameo Crafts, a York Label Company.

Package Service Company (PSC) is a pressure sensitive label company located in Kansas City, MO, USA. PSC specializes in four core markets: personal care, beverages, household products, and food. It has one facility, which will become York Label, Kansas City.

York Label is one of North America's largest label producers. In addition to the plants of the acquired firms, York operates two in Omaha, one in Asheville, NC, one in York, PA, and one in El Dorado Hills, CA.

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Title Annotation:INDUSTRY NEWS; Cameo Crafts; Package Service Company
Publication:Label & Narrow Web
Article Type:Brief article
Geographic Code:1USA
Date:Nov 1, 2007
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