Mondi group acquires packaging firm Excelsior
Excelsior is a vertically-integrated producer of flexible packaging solutions, mainly for food applications. Its product portfolio includes pouches, roll stock and lidding films for confectionery, biscuits, fresh produce, fruit and vegetables, chilled and ambient foods, as well as frozen food. For the year ending 31 December 2016, Excelsior’s revenues reached £39m.
“The acquisition of Excelsior supports the development of our consumer packaging business in high growth product applications. Its leading microwave steam cooking packaging technology complements and enhances our global food packaging offering,” David Hathorn, chief executive of Mondi Group, said.
Excelsior Technologies executive chairman Keith Chapman added, “We have a very strong and established customer base who are going to enjoy the added benefits that Mondi’s investment and expertise will bring.”
source: confectioneryproduction.com