Virginia-based Fortis Solutions Group LLC recently bought Label Tech Inc. based in Somersworth, New Hampshire.
Terms of the deal were not disclosed.
Fortis provides high impact printed packaging solutions. And Label Tech is a flexographic and digital manufacturer of pressure-sensitive and nonpressure-sensitive labels and flexible packaging for the consumer product, food and beverage, and health and beauty end markets.
“This acquisition will further our geographic footprint and enable Fortis to provide additional products and solutions to our valued customers,” says Fortis President and CEO John O. Wynne Jr.
Employing over 1,100 employees across 16 manufacturing sites, Fortis intends to continue acquisitions “to further the breadth of product offerings and locations which can serve its customer base,” the company says in a news release.
Fortis is a portfolio company of funds managed by Harvest Partners, LP, a New York-based private equity investment firm. Founded in 1981, Harvest Partners focuses on investments in middle-market companies in the consumer, health care, industrial, and software industries.