Mondi Group enhances consumer packaging portfolio with acquisition of UK-based company Excelsior
6th February 2017
Excelsior Technologies are pleased to announce that they have been acquired by Mondi plc. Excelsior is a vertically-integrated producer of flexible packaging solutions and the acquisition supports Mondi’s strategy to further grow its consumer packaging business.
Commenting on the acquisition, Peter J Oswald, CEO Mondi Europe & International, says, "We want to delight our customers with innovative and sustainable solutions and this acquisition allows us to offer a broader and complementary range of consumer packaging products for food applications." Excelsior has a unique packaging technology for microwave steam cooking and its product portfolio also includes pouches, roll stock and lidding films.
Global demand for food flexible packaging solutions is expected to continue growing. This is being driven by increasing demand for extended shelf-life of fresh and prepared food, the focus on end-consumer convenience (such as pre-prepared and on-the-go meal solutions), brand enhancement and sustainability considerations. Excelsior’s leading microwavable steam cooking packaging technology meets these needs and enhances Mondi Consumer Packaging’s global food packaging portfolio.
Excelsior Technologies Executive Chairman Keith Chapman explained why he was delighted to see Excelsior become part of the Mondi Group; “I am delighted that we have found a partner that is a good fit with Excelsior’s existing business strengths whether it is from a product, sales organisation or manufacturing operations perspective.”
He 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.”
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