ID Images announces three acquisitions
IDI manufactures high quality durable and graphic labels that meet a wide range of product identification needs for a variety of end markets. Digital Printing Concepts, founded in 2003 and based in East Providence, RI, is a manufacturer of durable and custom variable data labels that are used in warehouse logistics.
Based in Quebec, Canada, Multi-Action Communications is a manufacturer of premium quality logistics, grocery, tracking and traceability labels for clients across Canada and the United States. The company was founded in 1993 and operates from three manufacturing plants across Canada.
Headquartered in Exton, PA and founded in 1962, Valley Forge Tape & Label Company is a long-time full-service manufacturer of custom printed self-adhesive labels for the food & beverage, healthcare, and product industries. of consumption.
IDI now has 14 manufacturing and distribution sites in the United States and Canada, including its head office in Brunswick, OH. The combined activities will generate significant technological and operational synergies and provide enhanced cross-selling opportunities to a broader set of customers. Digital Printing Concepts to Expand IDI’s Custom Track and Trace Label product line, Multi-Action will further increase IDI’s food and beverage customer base and add three Canadian facilities, and Valley Forge will further enhance capabilities custom printed self-adhesive labels from IDI.
“Sole Source Capital and IDI are delighted to partner with Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label,” said David Fredston, Founder and CEO of Sole Source Capital. “All three companies have a strong heritage within the label industry, and we are pleased with the growth we have achieved in just a few short months. “
“We believe that Sole Source Capital’s M&A and operations expertise, alongside qualified IDI operators, will propel Digital Printing Concepts, Multi-Action Communications and Valley Forge to new heights,” said Scott Sussman , partner and CIO of Sole Source Capital. “Sole Source Capital is delighted to continue to seek new label partnerships as we develop the IDI platform. “
“We are honored to continue the exceptional service, value, quality and expertise of Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label, and to share the same high level of commitment to our employees, customers. and suppliers now combined. Added Jeff Fielkow, CEO of ID Images. “We are able to serve our customers at 14 production sites and can offer a wider range of decorative, industrial and grocery labeling solutions, which will add substantial value to our combined customer base. “