Dunes Point Capital, Lp Announces Premium Label & Packaging Solutions Llc'S Acquisition Of Luminer Converting Group, Llc.
Nov 01, 2021•over 3 years ago
Acquiring Company
Dunes Point Capital
Acquired Company
Luminer Converting Group
Description
Premium Label & Packaging Solutions, LLC ("PLPS"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired Luminer Converting Group, LLC ("Luminer"). Located in Lakewood, NJ, Luminer is a converter of custom pressure sensitive labels, booklet labels and other label products for the pharmaceutical, medical, cosmetics, beauty and other markets. Luminer has manufacturing facilities in Lakewood, NJ and Red Lion, PA and employs approximately 60 people.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed