The Kennedy Group Acquires Label Technique Southeast
The Kennedy Group, Willoughby, Ohio, officially announced the successful acquisition of Label Technique Southeast, based in Pensacola, Fla. This is the company's second strategic acquisition in one year.
A logical extension of The Kennedy Group portfolio, Label Technique Southeast was founded in 1979 as a manufacturer of specialty and custom labels serving the food and produce market. The company produces primary and secondary labeling while leveraging digital printing with sequential numbering and 2-D barcoding. The Kennedy Group also looks to leverage the production capabilities that the plant offers by introducing to its customers new products such as Roll Fed/ROSO films and promotional products. In the long run this is where the combined entities bring the most value. The company also offers a produce tracking software, StrataTrace that allows consumers to identify where food originates and determine any recalls.
Michael Kennedy, president of The Kennedy Group cited some key drivers for this strategic move. "The expansion continues our footprint in the southeast while enhancing our customer base and increasing our capacity and capabilities. We are looking to leverage the additional assets to expand their product portfolio based on The Kennedy Group's experience today," he said.
Over the coming months, the company will integrate and leverage the combined forces of four production plants, the RFID Customer Solutions Center, sales offices in Cleveland, Atlanta, Daytona, Orlando and Pensacola, as well as affiliate offices. The company is poised to grow business opportunities in the Southeast region, adding to its current base of over 3,000 clients in 40 states and seven countries.
The Kennedy Group was established in 1974 as a privately held, family owned business. The company has grown into a leading developer and manufacturer of labeling, promotional, tracking and identification solutions for such diverse industries as consumer products, health and beauty products, private label, retail, industrial, automotive, material handling, biomedical, healthcare, chemical, and agriculture.