Moore Kingston Smith advises Asteria Group on Label Tech acquisition

Asteria Labels & Packaging Group, backed by Waterland Private Equity, has entrusted Moore Kingston Smith Corporate Finance on the acquisition of a further printing company. Following the addition of Compliance Labelling in 2023, Asteria Group has again sought the expertise of Moore Kingston Smith Corporate Finance on the acquisition of the Ireland-based Label Tech.

Established in Belgium in 2018, Asteria Group has emerged as a rapidly growing European leader in the labelling and packaging printing sector with investment from Waterland. With 33 printing plants spread across Europe, Asteria Group provides a comprehensive range of labelling services and printing specialities. The business has a reputation for its personalised service, premium products and fast turnaround.

Continuing with the ambitious growth strategy, Asteria Group has added the Dubin-based Label Tech. Established in 2001, Label Tech specialises in the design and production of adhesive labels for all industries, with a special focus on food & drink, household, pharmaceutical, health & nutrition, transport & logistics and industrial strength labels.

This deal strengthens Asteria Group’s European labelling and packaging portfolio and seamlessly integrates with the existing Asteria Label Craft in Ireland, a self-adhesive label manufacturing and packaging company supplying to global markets. The acquisition of Label Tech will further enhance Asteria Group’s growth trajectory and reinforce its offering in key sectors while better serving its Irish clients.

Moore Kingston Smith Corporate Finance advised on financial and tax due diligence. The team was led by Mike Orton, Partner, who specialises in transaction services, supported by Adele Hebditch, Director, and Dylan Sweeney, Executive. Colin Dignam and Stephen O’Reilly, from Moore Ireland, provided tax due diligence on this transaction.

Mike Orton, Partner in the Corporate Finance team at Moore Kingston Smith said: “Collaborating with both Asteria and Waterland on this transaction was truly enjoyable, as it contributes to Asteria’s ongoing expansion in the European label market. Witnessing their remarkable growth in recent years, we eagerly anticipate what lies ahead for Asteria.”