ID Label Acquires Universal Label Technologies
Headquartered in Lake Villa, Ill., ID Label signed a letter of intent to purchase the assets of Universal Label Technologies (ULT). Financial terms of the deal were not disclosed.
"ULT has been a leader in the variable image, barcode label manufacturing niche since it was founded in 2001. We look forward to building on the foundation that ULT has provided its partners for the past eight years, and extending the product offering to help [the company] grow [its] business under the ID Label banner," said Neil Johnston, president of ID Label.
ID Label's vice president of sales and marketing, William Powers, added: "The acquisition gives ID Label an expanded customer base of strong channel partners [who] understand the auto identification market and media sales."
ID Label will continue to maintain operations at the existing ULT facility and employ a number of staff at this Attleboro Falls, Massachusetts location. A portion of the manufacturing operation will be transferred to the new 21,000 square-foot facility ID Label will operate in Lake Villa, Ill., which is expected to be complete in September.
For more information, visit www.idlabelinc.com.