Mondi Bought Excelsior Technologies
CHEMMONITOR.COM – International packaging and paper group Mondi plc acquired Excelsior Technologies Ltd., a UK producer of flexible packaging solutions, for GBP 33 million or EUR 38 million. The acquisition funds were provided by Endless LLP, a UK private equity firm, and some minority shareholders.
This acquisition is expected to increase Mondi’s consumer packaging business. Excelsior Technologies Ltd. possesses a unique packaging technology for microwave steam cooking.