Blaige & Co. LLC , announces that its client, Label Arts LLC, headquartered in Kemp, Texas, has been acquired by Field Ventures LLC.
Blaige & Co., chairman and CEO Thomas Blaige comments on the transaction, “Blaige & Company research estimates that 52 percent of the top 50 U.S. label converters have merged or been sold since 2001 due to a long-term consolidation trend. Label converters with less than $250 million in sales are gradually losing market share to their stronger competitors and must consider aggressive M&A strategies, including strategic acquisitions and selective divestitures, in order to maintain a competitive position in a consolidating industry. Field Holdings will continue to focus on the future growth and success of Label Arts.”
Blaige & Co.