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Mondi Group acquires flexible packaging converter Excelsior Technologies

The UK-based Excelsior generated revenues of about $48.75 million in 2016.

The move will not affect Americk's current operations, which will continue to be run by the existing senior management team.

Idealliance was retained by LabelPrint to help it find a buyer that would support its successful growth strategies.

Printec manufactures and sells water-based inks for flexo and gravure applications to key printers in North America.

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