Farnell Packaging sells label-making business
Dartmouth, N.S.-based Farnell is selling its label-making division and all its label equipment to Access Labels, headquartered in Amherst, N.S., and said to be the largest label printing company in Atlantic Canada.
After more than five decades, Dartmouth, N.S.-based Farnell Packaging is selling its label-making division and all its label equipment to Access Labels, headquartered in Amherst, N.S., and said to be the largest label printing company in Atlantic Canada.
The purchase will increase the capacity at the Access Labels facility by between 20 to 30 per cent.
Farnell’s largest business segment is in manufacturing plastic bags, shrink wrap, and polyethylene packaging. Despite producing labels for more than 50 years, its label-making segment hadn’t seen any growth and employed only two full-time employees.
“In choosing to partner with Access Labels for this transition, we believe that we are consolidating our label business with the most reputable and responsive competitor in the region,” said Farnell CFO Bill Morash. “We have every confidence that Access Labels will do their very best to professionally service and supply all pressure-sensitive label needs in the months and years ahead.”
The terms of the deal have not been disclosed. The transition will be completed by the end of October. There will be no job losses at Farnell, the company said in a statement, as the workers who were employed in the label-making division will move into other divisions of the company.
Access Labels was founded in 1993, and specializes in printing labels, as well as selling and servicing equipment including label dispensers, applicators, and thermal printers.
Farnell Packaging was founded in 1961.