ID Label Inc. Acquires Universal Label TechnologiesMonday, July 20, 2009
LAKE VILLA, IL — ID Label, Inc. announced it has signed a letter of intent to purchase the assets of Universal Label Technologies, Inc, "ULT".
Financial terms of the deal were not disclosed.
"ULT has been a leader in the variable image, barcode label manufacturing for warehouse applications since it was founded in 2001. We look forward to building on the foundation that ULT has provided its' clients for the past 8 years, and extending the product offering to help them grow their business under the ID Label banner," stated Neil Johnston, president of ID Label.
A stronger combined company is a big win for clients of both companies
"The acquisition gives ID Label an expanded customer base of clients that have an ongoing need for LPN labels, rack bin location labels, retro reflective signs and installation services," said William Powers, vice president of sales and marketing. "The manufacturing and service offerings of ID Label will significantly benefit ULT clients."
"The equipment we have acquired with this transaction expands our capabilities to service additional niche applications in the barcode and variable image market place," added Jeff Chandler, COO of ID Label. "Our expertise in variable image label manufacturing provides us with a strong understanding of how we can utilize this equipment to the benefit of existing and future clients."
"We are excited about the opportunity to be part of the ID Label team," stated Barry Alves, CEO of Universal Label Technologies. "Our clients will definitely benefit from the range of products and services ID Label has to offer."
ID Label will continue to maintain operations at the existing ULT facility and employ a number of staff at this Attleboro Falls, MA location. A portion of the manufacturing operation will be transferred to the new 21,000 sq ft facility ID Label will operate in Lake Villa, IL. This facility will be complete in September 2009.
About ID Label Inc.
ID Label manufactures a broad range of high quality, technically innovative preprinted bar code labels and signs. From library barcode labels to hanging retro reflective warehouse signs, ID Label specializes in laminated variable information, sequential bar codes, consecutive numbers, and multi-color process, including data file manipulation services and "Make and Hold" programs for channel partners. ID Label Inc also provides comprehensive installation services for all signs and labels, with over 40 years of combined experience in every type of warehouse environment.
For more information contact: Bill Powers, vice president of sales and marketing, at 847/265-1200 x203 or firstname.lastname@example.org
Click Here to Learn More About ID Label's Warehouse Label Products