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.
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