Industry News, Mergers and Acquisitions, Printers News

Mondi Group Acquires Excelsior Technologies

UK-based flexible packaging converter generated revenues of approximately $48.75 million in 2016.

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies, from funds managed by Endless LLP and certain other minority shareholders, for a total consideration of nearly $41.25 million (£33 million), on a debt and cash-free basis.   Excelsior is a vertically integrated producer of flexible packaging solutions, mainly for food applications, with a proprietary packaging technology for microwave steam cooking. With two plants, located in Deeside (Northern Wales, UK)...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters