Mondi Group acquires Excelsior Technologies

Packaging Solutions

Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies Limited.

Excelsior is a producer of flexible packaging solutions, mainly for food applications, with an innovative packaging technology for microwave steam cooking.

With two plants, located in Deeside (Northern Wales, UK) and Nelson (Lancashire, UK) the company serves both domestic and US customers.

Commenting on the acquisition, David Hathorn, chief executive of Mondi Group, said: ‘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.’