Infinite Packaging Group (“IPG”), a portfolio company of Svoboda Capital Partners LLC (“SC”), is pleased to announce the acquisition of Hyde Park Label Company (“HPL”). The transaction is the second add-on acquisition for IPG since SC’s initial investment in December 2012. Specific terms of the transaction were undisclosed.
HPL, headquartered just north of Austin in Round Rock, Texas, is a leading provider of high-quality, flexographic and digital printed labels and decorative packaging. HPL’s focus is to provide superior customer service while producing quick turn, high-quality labels and film, for the food and beverage, craft beer, wine and spirits, and health and beauty markets. HPL’s former co-owners, Randy and Geri Wise, acquired HPL’s predecessor company, Dallas-based Century Label, in 1999, and later merged it with HPL in 2008. Over the years, HPL realized solid organic growth while expanding its production capabilities and distinguishing itself in a competitive market. Most recently Randy and Geri Wise were honored as packagePRINTING’s 2015 TLMI Converters of the Year.
“The HPL acquisition expands our geographic footprint and adds capacity to provide our customers with great quality and service. We remain committed to growing IPG through acquisitions and organic growth,” said Lynn Higgs, CEO of IPG. With locations now in Austin, Tulsa, and Dallas, IPG has developed a strong presence in the central/Southwest region of the country.
Gary Dunlap, COO of IPG, added, “From an operations perspective, HPL is a great addition to our team. We look forward to gaining insight from HPL’s experienced resources, enabling us to improve our entire organization.” By virtue of the combination, IPG is now the only company in Texas with two HP 6600 digital presses. The dual digital capability provides greater capacity to print short-run, quick-turn digital labels, sleeves, and pouches to satisfy clients’ needs.
“We are excited to join such a dynamic group of companies and industry professionals. The product breadth, expansive salesforce, and diverse asset base that IPG offers brings a bounty of solutions to the markets we currently serve, and compliments our value-based platform with a complete solutions portfolio.” said Alan Etheridge, Managing Director of HPL.
“HPL’s strategic partnership with IPG will continue to propel the business forward by providing more resources and more capital to execute on growth objectives,” said Randy and Geri Wise. “We will forever be grateful to our loyal employees, customers, suppliers and colleagues for many successful years together.”