DALLAS – (COMMERCIAL THREAD) – Sole Source Capital LLC, an industry-focused private equity firm, today announced that its holding company, ID Images (âIDIâ), a leading provider of product identification solutions , has made three major acquisitions in the past five months. Acquisitions by IDI of Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label Company have more than doubled the size of the company and extended its reach to several new markets in the United States and Canada since its inception. became a single source holding company. in August 2021. Terms of the transactions were not disclosed.
IDI manufactures high quality durable and graphic labels that meet a wide range of product identification needs for a variety of end markets. Digital Printing Concepts, founded in 2003 and based in East Providence, RI, is a manufacturer of durable and custom variable data labels that are used in warehouse logistics. Based in Quebec, Canada, Multi-Action Communications is a manufacturer of premium quality logistics, grocery, tracking and traceability labels for clients across Canada and the United States. The company was founded in 1993 and operates from three manufacturing plants across Canada. Headquartered in Exton, PA and founded in 1962, Valley Forge Tape & Label Company is a long-time full-service manufacturer of custom printed self-adhesive labels for the food & beverage, healthcare, and product industries. of consumption.
IDI now has 14 manufacturing and distribution sites in the United States and Canada, including its head office in Brunswick, OH. The combined activities will generate significant technological and operational synergies and provide enhanced cross-selling opportunities to a broader set of customers. Digital Printing Concepts to Expand IDI’s Custom Track and Trace Label product line, Multi-Action will further increase IDI’s food and beverage customer base and add three Canadian facilities, and Valley Forge will further enhance capabilities custom printed self-adhesive labels from IDI.
âSole Source Capital and IDI are delighted to partner with Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label,â said David Fredston, Founder and CEO of Sole Source Capital. âAll three companies have a strong heritage within the label industry, and we are delighted with the growth we have achieved in just a few short months. ”
“We believe that Sole Source Capital’s M&A and operations expertise, alongside qualified IDI operators, will propel Digital Printing Concepts, Multi-Action Communications and Valley Forge to new heights,” said said Scott Sussman, Partner and CIO of Sole Source Capital. âSole Source Capital is delighted to continue to seek new label partnerships as we develop the IDI platform. ”
âWe are honored to continue the exceptional service, value, quality and expertise of Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label, and to share the same high level of commitment to our employees, customers. and suppliers now combined. Added Jeff Fielkow, CEO of ID Images. âWe are able to serve our customers at 14 production sites and can offer a wider range of decorative, industrial and grocery labeling solutions, which will add substantial value to our combined customer base. ”
About Single Source Capital
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that invests thematically in fragmented and high growth industrial sub-sectors. Sole Source is looking for companies owned by founders or spin-offs that will benefit from the team’s operational and M&A capabilities. The company has a strong operating heritage that enables it to execute a buy and build strategy with significant downside protection. The firm is headquartered in Dallas, Texas, with an additional office in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact [email protected]
About identity images
ID Images, a leading manufacturer of converted label products, specializes in providing labeling solutions, from supply chain management to brand protection. The company serves a variety of end markets, including transportation and logistics, food and beverage, consumer durables, and healthcare, and has facilities in Ohio, Massachusetts, Oregon, California , Arkansas and Tennessee. For more information, please visit www.idimages.com.
About multi-action communications
Multi-Action Communications is a manufacturer of labels for the grocery, logistics and industrial end markets. The Company was created in 1993 and operates from three facilities in Quebec City, Vancouver and Toronto. For more information, please visit www.multiaction.ca.
About digital printing concepts
Digital Printing Concepts manufactures durable barcode labels designed to withstand harsh environments. With over 25 years of experience in the barcode industry, the company provides unique solutions for challenging labeling needs in commercial and industrial applications. The company was founded in 2003 and is headquartered in East Providence, RI. For more information, please visit www.dpcbarcode.com.
About Valley Forge Tape & Label Company
Founded in 1962 and headquartered in Exton, Pa., Valley Forge Tape & Label is a provider of labeling solutions for the food & beverage, healthcare, consumer and retail end markets. It is a full-service label manufacturer, electronic prepress, and custom design. For more information, please visit www.vftl.com.