QuickLabel Systems Acquires Label Company
in Asheboro, North Carolina
WEST WARWICK, RI, December 16, 2009 – QuickLabel Systems announced today that it acquired Label Line Ltd., a manufacturer of labels and tags located in Asheboro, NC, on December 15, 2009. Label Line will become part of QuickLabel Systems, the leading manufacturer of digital color label printers and related labels, tags, and ink supplies.
The facilities and employees of the former Label Line will remain in North Carolina, and enable QuickLabel Systems to serve customers nationwide with high-end offset and flexographic printed labels, hot stamp labels, string tag labels, apparel labels and tags, barcode labels, and specialty custom-printed materials, according to the company.
Commenting on the acquisition, Elias G. Deeb, Vice President of Media Products, said: “The capabilities of our operation in North Carolina will allow QuickLabel Systems to serve customers across the United States with increased production capacity and broader label product offerings.”
“We’ll be able to serve customers who own our QuickLabel digital label printers with an additional source of die-cut labels, and our new plant will also allow us to attract new customers for our custom label printing services. With the robust label printing capabilities we now have in Asheboro, we will be able to offer an even greater assortment of high-end custom printed labels. Food and beverage producers, pharmaceutical companies, wineries, cosmetic brands, and many other consumer packaged goods brands will be satisfied with the printed labels we can provide for their primary display label packaging,” Deeb continued.
Bill Lineberry, former President of Label Line, will join QuickLabel Systems as a consultant. “For years I’ve admired QuickLabel’s digital label printers and the specialty color thermal transfer ribbons and labels they have tailor-made for their printers. I’m delighted to be able to contribute the talents of our press operators, production artists, salespeople, and the capabilities of the 21 label presses we have here in North Carolina to the growing QuickLabel Systems business,” said Lineberry.
About QuickLabel Systems
QuickLabel Systems introduced the first in-house digital color label printer in 1994, and designs, manufactures, and sells a broad range of digital label printers, related blank labels, inks, and thermal transfer ribbon supplies, as well as custom labels and tag printing services. More information about QuickLabel Systems custom-printed labels is available at: www.QuickLabel.ca or by telephoning 877-757-7978 (+401-828-4000 outside of the United States and Canada). QuickLabel Systems is an Astro-Med, Inc. brand (NASDAQ:ALOT).
About Astro-Med, Inc.
Astro-Med, Inc. is a leading manufacturer of specialty high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments. Astro-Med, Inc. products are sold under the brand names Astro-Med®, Grass® Technologies and QuickLabel® Systems, and are employed around the world in a wide range of aerospace, medical, military, industrial, and packaging applications. Astro-Med, Inc. is a member of the Russell Microcap® Index. Additional information is available by visiting www.Astro-MedInc.com.
Safe Harbor Statement
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med’s FY2009 annual report and its annual and quarterly filings with the Securities and Exchange Commission.
# # # |