Inovar Packaging Group Acquires LabelPrint America
Idealliance, a communications industry association representing all facets of the global omnichannel media value chain, announced that Inovar Packaging Group LLC, Arlington, Texas, has purchased LabelPrint America of Newburyport, Mass. LabelPrint retained the Idealliance Ideadvisors business advisory group to help it find a buyer that would support its successful growth strategies.
Tony Yemma, LabelPrint America’s owner and CEO, will join Inovar as a sales consultant. LabelPrint America’s president, Robin Hamilton, will serve as a member of Inovar’s management team as a vice president and the general manager of LabelPrint America. The LabelPrint America division of Inovar will continue to operate from the Newburyport location.
“We appreciate that both Tony and Robin think highly enough of us to trust that their customer relationships will be maintained and enhanced with access to our extensive platform of additional capabilities,” said John Attayek, CEO of Inovar. “We are pleased to have the LabelPrint America team come on board with us and are looking forward to their help as we work together to expand and grow our company.”
“I am very excited that the LabelPrint America Team will have the opportunity to work with John and other members of the Inovar Team,” said Yemma. “They have a strong reputation as an innovative and industry-leading company. I know that our customers will benefit from the increased capabilities and services of a company with a highly trusted name in our industry.”
“Inovar is a great example of a forward thinking company that is positioning itself for future success and growth,” noted Ideadvisors Partner Tom Cobery. Idealliance business advisors provided LabelPrint America with an outreach program that introduced the parties, and advised on the transaction price and structure, helping craft a Letter of Intent that was fair, balanced, and addressed the needs of both parties.
For more information, visit www.idealliance.org.