MERCED, CA—Label Technology, Inc., a leader in flexographic printing of pressure sensitive labels and flexible packaging, recently announced that it has named David
Bankson as its new president. Bankson, the former vice president of research and development, will succeed his father John Bankson, who will remain as CEO and chairman of the board.
The announcement was made as part of the company’s 25th anniversary celebration.Label Technology was fonded by the father and son team in 1986 with a single 4-in., 3-color flexographic press. It has since grown to over $32 million in sales with multi-national customers in a wide range of markets, including food processing, cosmetic and nutraceutical.
“It is fitting that Dave’s promotion to president is announced at the same time as our 25th anniversary, since Dave has been an integral part of Label Technology’s growth,” explains John Bankson. “From an 18 yea-old running a press, to his role today as a respected expert in flexographic printing, Dave has always pursued excellence. I know he will continue to do so in his new position.”
Dave Bankson, a past member of Flexographic Technical Association's Boar of Direcotrs and Foundation of FTA's Board of Trustees, noted that, “It is a terrific honor to be given the opportunity to lead such a great company. I look forward to continued growth of Label Technology and to providing high quality,
innovative label and flexible packaging solutions for our customers.”
The company’s anniversary celebrated the contribution of each of Label Technology’s employee owners and highlighted major company milestones including the installation of new presses, first industry awards, landing on the Inc. 500 Fastest Growing Companies list, and releasing innovative new products..