York Label Begins Partnership With Diamond Castle



    OMAHA, Neb., Aug. 8 /CNW/ -- LabelCorp Holdings, Inc. ("YORK Label"), a
leading provider of high quality, innovative labeling and packaging solutions,
announced today that the Company has formalized its partnership with Diamond
Castle Holdings, LLC ("Diamond Castle") of New York. The sale transaction
closed today.
    In June of this year, Diamond Castle, in partnership with YORK Label's
Senior Management Team, signed a definitive purchase agreement with Wind Point
Partners of Chicago, Illinois. YORK Label's Senior Management Team will remain
in place and maintain a significant ownership stake in the Company.
    YORK Label has steadily become a leading force in the prime label market
throughout North and South America. The Company is a leading provider of high
quality, innovative labeling and packaging solutions to global consumer
products, wine and spirits, pharmaceutical, and food and beverage companies.
Headquartered in Omaha, Nebraska, YORK Label has 14 world-class production
facilities and 15 sales and technical offices throughout the Americas.
    YORK Label CEO Rich Egan comments, "We are very excited about our new
partnership with Diamond Castle. This new partnership will allow YORK Label to
continue to grow through investment in new technologies and strategic
acquisitions to best serve the needs of our customers and core markets."
    "We are extremely pleased to be partnering with Rich and the entire YORK
Label Senior Management Team to continue executing upon the strategic vision
of creating the premier, global provider of high quality labeling solutions,"
said Ari Benacerraf, a Senior Managing Director of Diamond Castle.
    
    About YORK Label(R)
    
    Omaha, NE based YORK Label(R) is a leading provider of high quality,
innovative labeling and packaging solutions to global consumer products, wine
and spirits, pharmaceutical and food and beverage companies. With over 800
associates, YORK Label has 14 world-class production facilities and 15 sales
and technical offices throughout the Americas. For more information please
visit http://www.yorklabel.com.
    
    About Diamond Castle
    
    Diamond Castle Holdings, LLC is a private equity firm with over $1.85
billion of committed capital under management. Founded in 2004, Diamond Castle
specializes in leveraged buyouts, growth capital and equity-like investments
in both public and private companies. Diamond Castle targets investments in
the following industry sectors: media and communications, energy and power,
financial services, healthcare and diversified industries. Diamond Castle has
25 employees located in New York, New York. For more information please visit
http://www.dchold.com.
    
    About Wind Point Partners(R)
    
    Wind Point Partners(R) is a private equity investment firm with
approximately $2 billion in capital under management. Wind Point focuses on
partnering with top caliber executives to acquire under-managed middle market
businesses where it can establish a path to value creation. Additional
information about Wind Point is available at http://www.windpointpartners.com.




For further information:

For further information: David E. Klotter, Vice President, Marketing of
YORK Label, +1-402-829-4571, dave.klotter@yorklabel.com Web Site:
http://www.yorklabel.com                 http://www.dchold.com              
  http://www.windpointpartners.com

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LABELCORP HOLDINGS, INC.

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