York Label Acquires Etiprak, S.A. and Etiquetas Industriales, Ltda.
Thursday March 13, 12:03 pm ET
OMAHA, Neb., March 13 /PRNewswire/ -- York Label announced Tuesday, March 11, it has acquired Etiprak, S.A. through its Cameo-Marinetti joint venture, and a 50% interest in Etiquetas Industriales Ltda., both located in Santiago, Chile.
These Chilean acquisitions provide the platform for York Label to continue its aggressive expansion path to become a global provider of premium and innovative labeling solutions. Combined with our existing Cameo-Marinetti joint venture, these acquisitions create the largest single provider of label products in the Chilean market.
Founded in 1982, Etiprak was the first Chilean company to produce pressure sensitive labels for the wine industry. Recognized for its high quality products and tremendous customer service reputation, Etiprak focuses primarily on the wine & spirits and consumer products markets, its customers include several major Fortune 100 Companies. In 2007, the company began the manufacturing of decorative shrink sleeve labels. Etiprak employs state-of-the-art equipment and technology which features high-end combination flexo, screen, foil stamping, embossing and laminating.
Etiquetas Industriales produces premium pressure sensitive labels primarily for the consumer products market. Launched in 2006 by Marinetti Packaging, the company employs the latest cutting edge manufacturing technologies and provides York Label entry into the South American consumer products market.
Rich Egan, President and CEO of York Label stated, "We are extremely pleased to announce the acquisition of Etiprak and Etiquetas Industriales. These new partnerships provide York Label a commanding leadership position in the Chilean wine & spirits market. We expect to continue executing our strategy to expand our platform to become a preeminent global provider of premium labeling solutions to the consumer products, wine & spirits, pharmaceutical, and food & beverage markets."
About York Label (http://www.yorklabel.com)
Omaha, Nebraska based York Label is a leading provider of high quality, innovative labeling technologies to major global consumer goods, wine & spirits, pharmaceutical and food & beverage companies. The Company has thirteen state-of-the-art production facilities with over 800 employees throughout North and South America.
Source: York Label
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