Three Transactions More than Double Size of Company Since Acquisition in August 2021                               

Dallas, TX – Sole Source Capital LLC, an industrial-focused private equity firm, announced today that its portfolio company, I.D. Images (“IDI”), a premier provider of product identification solutions, has made three significant acquisitions over the past five months. IDI’s acquisitions of Digital Printing Concepts, Multi-Action Communications, and Valley Forge Tape & Label Company have more than doubled the size of the company and extended its reach to several new markets across the U.S. and Canada since it became a Sole Source Capital portfolio company in August 2021. Terms of the transactions were not disclosed.

IDI manufactures high-quality durable and graphic intensive labels that address a broad 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 custom durable variable data labels that are utilized in warehouse logistics. Headquartered in Quebec, Canada, Multi-Action Communications is a manufacturer of logistics, grocery, track-and-trace, and prime labels to customers throughout Canada and the United States. The company was founded in 1993 and operates out of three manufacturing facilities across Canada. Based in Exton, PA and founded in 1962, Valley Forge Tape & Label Company is a longstanding, full-service manufacturer of custom printed self-adhesive labels for the Food and Beverage, Healthcare, and Consumer Products industries.

IDI now has 14 manufacturing and distribution locations across the U.S. and Canada, including its headquarters in Brunswick, OH. The combined businesses will yield significant technological and operational synergies as well as deliver enhanced cross-selling opportunities to a broader set of clients. Digital Printing Concepts will increase IDI’s custom track-and-trace label product mix, Multi-Action will further increase IDI’s food and beverage customer base and add three Canadian facilities, and Valley Forge will further enhance IDI’s custom-printed pressure sensitive label capabilities.

“Sole Source Capital and IDI are excited 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 labels industry, and we are pleased with the growth we’ve achieved in a few short months.”

“We believe that Sole Source Capital’s M&A and operating expertise, alongside IDI’s skilled 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 excited to continue seeking out new partnerships in the labels space as we scale the IDI platform.”

“We are honored to continue the outstanding service, value, quality and expertise of Digital Printing Concepts, Multi-Action Communications and Valley Forge Tape & Label, and share the same high level of commitment to our now combined employees, customers and vendors,” added Jeff Fielkow, CEO of I.D. Images. “We are able to serve our customers out of 14 production locations and can offer a broader range of decorative, industrial, and grocery labeling solutions, which will add substantial value to our combined customer base.”

About Sole Source Capital
Founded in 2016 by David Fredston, Sole Source Capital is a private equity firm that thematically invests in fragmented, high-growth industrial subsectors. Sole Source seeks founder-owned businesses or corporate carve-outs that will benefit from the team’s operating and M&A capabilities. The Firm has a strong operating heritage that enables it to execute a buy and build strategy with significant downside protection. The Firm is headquartered in Dallas, Texas with an additional office in Santa Monica, California. For more information, please visit www.solesourcecapital.com or contact investor.relations@solesourcecapital.com.

About I.D. Images
I.D. Images, a leading manufacturer of converted label products, specializes in providing label solutions from supply chain management to brand protection. The company serves a variety of end markets including Transportation and Logistics, Food and Beverage, Consumer Durables and Healthcare and has facilities in Ohio, Massachusetts, Oregon, California, Arkansas, and Tennessee. For more information, please visit www.idimages.com.

About Multi-Action Communications
Multi-Action Communications is a manufacturer of labels made for the grocery, logistics, and industrial end markets. The Company was established in 1993 and operates out of three facilities in Quebec City, Vancouver, and Toronto. For more information, please visit www.multiaction.ca.

About Digital Printing Concepts
Digital Printing Concepts manufactures durable barcode labels made to withstand harsh environments. With over 25 years of experience in the barcode industry, the Company provides unique solutions for difficult labeling needs in both business and industrial applications. The Company was founded in 2003 and is headquartered in East Providence, RI. For more information, please visit www.dpcbarcode.com.

About Valley Forge Tape & Label Company
Founded in 1962 and headquartered in Exton, PA, Valley Forge Tape & Label is a provider of label solutions for the Food & Beverage, Healthcare, Consumer and Distribution end markets. They are a full service, electronic-prepress, custom-design label manufacturer. For more information, please visit www.vftl.com.

Domino continues to grow its digital printing business with the addition of Ralph Sanchez, as Regional Service Manager for Domino North America.  He joins the company with over 25 years’ experience in management positions, with a focus on senior level operations leadership and customer engagement roles.

Ralph knows success.  

Ralph has built a career optimizing processes and managing teams to better support customers.  He spent 32 years with Xerox in positions that included Operations Manager – Technical Escalations, Program Manager – Strategy & Optimization, Field Manager – Technical Services, and Field Service Engineer.  In addition, Ralph was also a Corporate Lean Six Sigma Black Belt – a subject matter expert in process optimization, leading multiple enterprise-wide projects to successful completion in shorter than expected cycle times.

After more than three decades with Xerox, Ralph joined AGFA Graphics in 2018 as Western Region Service Manager.  In that role, he led a customer-facing organization that supported customers and service requests. His responsibilities also included cultivating the technical and career growth of field service engineers and developing and administering performance reviews of the team; translating customer requirements into supplier specifications with responsibility for implementation, inspection, and evaluation; providing direct support to the sales organization; delivering corporate training initiatives ensuring compliance, and P&L responsibility.

Joining Domino.

Why is now is the perfect time for Ralph to join Domino?  With record sales in each of the past five years, the Domino North America Digital Printing business has continued to grow its install base significantly with digital presses and printers being added by converters from coast to coast.  In parallel, the Service & Support team has grown by leaps and bounds.  Less than four years ago, Service Manager Tom Grencik joined Domino to lead a team of field service engineers, and present day that team has multiplied fivefold.  With the outstanding work that Tom and the field service team have done, ‘strength in numbers’ continue with the addition of Ralph.  Tom will focus on the eastern region, and Ralph will oversee the western region.

On joining Domino, Ralph says, “I jumped at the opportunity to join a company that is growing and is committed to continuing to build a world-class service organization.”   

Mark Meyer, Technical Manager of Domino Digital Printing North America says, “It’s easy to see why we are very excited to have Ralph on our team.  He brings tremendous perspective, experience, and success and he will continue to thrive at Domino. Ralph will build on what has already been started, focusing on the provision of exceptional service to our customers and our field service engineers. With the outstanding foundation that Tom Grencik and our field service team have established, coupled with our tremendous growth, now is the perfect time for Ralph to join Domino.” 

Ralph has a Bachelor of Science in Business Administration, Management and Operations from the University of Southern California.  He lives in Los Angeles, CA with his wife Melinda Jo, son Luke, and daughter Sophia Jo.  

Domino is a leading manufacturer and distributor of digital printing and product identification solutions.  Celebrating its 44th year in business, Domino is a global organization with world headquarters in the UK, and North America headquarters in Gurnee, IL.  Domino has 25 subsidiaries, representation in over 120 countries, and over 2,900 employees worldwide. 

For more information on Domino, please visit dominodigitalprinting.com  

Elk Grove Village, IL — SCREEN Americas announces that its customer, Data-Mail Inc., of Newington, Connecticut, printed a total of one billion linear feet solely on SCREEN’s technology in the first ten months of 2021. The milestone is one of the first achieved in North America by a single printer.

Data-Mail, a full-service direct mail operation and one of the largest employers in the Hartford, Connecticut, metropolitan area with over 1,000 employees, serves the financial services, retail, publishing, healthcare, insurance and telecommunications industries. A SCREEN customer since 2016, it operates sixteen SCREEN engines including ones from the Truepress Jet520EX, Truepress Jet520NX and Truepress Jet520HD series. The assortment allows Data-Mail to provide its customers with variable data solutions in color or monochrome imaging using simplex or duplex configurations and at speeds of up to 500 feet per minute.

Peter Barzach, vice president of operations for Data-Mail, points to the growing demand for variable printing, improved color and efficiencies in recent years among the company’s direct mail marketer customers as the reason for his SCREEN fleet of inkjet printers. “As a company we’ve effectively transitioned from toner to inkjet-based technology,” said Barzach. “Our customers have come to expect the capability that the SCREEN technology has to offer, such as being able to predictably and reliably print on a wide variety of papers, quickly handle frequent set-ups and accurately reproduce brand and marketing colors.”

Founded in 1971, the company operates its Personalization department three shifts per day five days a week, but often has the SCREEN Truepress Jet520 series presses running continuously seven days a week. Between its headquarters in Newington and its satellite production plant in Windsor, Conn., Data-Mail occupies 500,000 square feet of manufacturing space and produces 1.5 billion pieces of mail per year.

About SCREEN Americas
SCREEN Americas, a SCREEN Graphic Solutions group company established in 1967, is a leading provider of digital inkjet technology serving the commercial, publishing, direct mail, transactional, packaging, folding carton and label industries. In 2021, SCREEN Americas relocated its headquarters to Elk Grove Village, Illinois, with an upgrade that included a 14,000-plus square foot Inkjet Innovation Center.

www.screenamericas.com

North Kingstown, RI — For the second year in a row, Toray Plastics (America), Inc.’s  employees had to forgo their annual holiday fundraising breakfast owing to COVID-19 restrictions, but that didn’t dampen their spirit or diminish their desire to give generously and help others. The company’s Cares Campaign mobilized the workforce and enabled Toray to fulfill its holiday season commitment to the Rhode Island community for the 19th consecutive year. Toray vendors also pitched in to help make the campaign a success. The U.S. Marine Corps Toys for Tots program and the Navy-Marine Corps Relief Society were the beneficiaries. The toys were distributed to local families. The monies will help the Navy-Marine Corps Relief Society provide financial, educational, and other assistance to members of the Naval and Marine Services of the United States, eligible family members, and survivors when they are in need.

“We learned during the very challenging 2020 holiday season that Toray employees would not be daunted by COVID-19, and 2021 was no different,” says Lisa A. Ahart, Vice President of U.S. Corporate Human Resources and Environment Health and Safety. “We are very grateful to them and our vendors for their enthusiastic support.”

About Toray Plastics (America), Inc.
Toray Plastics (America), Inc., is a leading manufacturer of polyester, polypropylene, and metallized films, and polyolefin, polypropylene, and polyethylene foams. The company is committed to environmental, social, and corporate governance and aims to contribute to society through the creation of new value with innovative ideas, technologies, and products that help address global issues. R&D is focused on the development of materials that are fossil fuel-free, compostable, biodegradable, and/or recyclable. The company’s sustainability initiative, launched in 2004, includes the operating of two solar farms and two cogeneration systems, energy and water conservation, recycling, and zero landfill.

Toray Plastics (America) is a subsidiary of the Toray Group, which believes that materials can change lives and provide real solutions to the challenges the world faces. The Toray Group is the world leader in synthetic fibers and textiles, carbon fibers, plastics, chemicals, pharmaceuticals, and high-performance films and has annual sales exceeding US$21 billion.

For more information about Toray Plastics (America)’s products, contact Brenda Ockun, Brand Manager, at brenda.ockun.w9@mail.toray or 315-916-3272. Toray Plastics (America), Inc., headquarters is located at 50 Belver Avenue, North Kingstown, RI 02852-7500; telephone 401-294-4511, fax 401-294-3410. Visit the Toray Plastics (America), Inc., website at www.toraytpa.com.

Glendale Heights, IL (January 4, 2022) – All Printing Resources (APR) announced today that it has acquired JVI Solutions effective January 1, 2022. Headquartered in Marietta, Georgia, JVI Solutions has provided customer-focused integrated products, equipment and services, and workflow consulting to flexographic printers and packaging prepress providers throughout North America for the past 28 years.

JVI Solutions’ product portfolio includes flexographic plates, solvents and solvent management, anilox rolls and sleeves, mounting tapes, doctor blades and plate storage solutions.

According to Dave Nieman, President and CEO, APR, “We continue to hear from our customers that expanded technical support is more important than ever in today’s labor environment. Consequently, our acquisition of JVI Solutions will be a significant benefit to our customers and the industry. Both companies have extremely strong commitments to customer support, proven over many years. The addition of the JVI Solutions team to ours will expand our technical and field equipment service capabilities.”

The addition of SupplySentry RFID-managed inventory system and APR’s other product solutions will significantly expand the products and services that can be offered to current JVI customers allowing for both time and cost savings. Conversely, the addition of Vianord’s automated plate processing systems will allow APR to offer its current customers better integrated solutions.

According to Nieman, the existing JVI team will be joining APR. In addition, both companies currently support some of the same key strategic suppliers such as McDermid, Fuji, Esko, and Lohmann. This should ensure no interruptions to the service that JVI customers currently expect and receive.

Current JVI owner Jim Vertullo will be assuming the role of Executive Vice President at APR. Vertullo notes, “I couldn’t be prouder to put the future of our company, our employees and our customers in the skillful hands of the APR team. I have long admired APR and know that we will prosper within their customer-focused environment.”

About All Printing Resources, Inc. (APR)
All Printing Resources, Inc. (APR) is a proven resource for solutions, trusted service, and support to the flexographic printing industry. APR delivers measurable performance enhancements and total cost reductions, including the after sale attention needed to see optimal results. APR represents some of the most innovative product lines worldwide and takes a “team” approach to deliver process improvement and innovative solutions.

www.teamflexo.com