# Mondi Group acquires UK flexible packaging maker Excelsior Technologies

Mondi Group bought UK-based Excelsior Technologies from funds managed by Endless and minority shareholders for a total consideration of GBP 33 million on a debt and cash-free basis. Excelsior operates plants in Deeside and Nelson and makes flexible food packaging.

- Type: Acquisition
- Announced: 2017-02-06
- Where: Deeside and Nelson, United Kingdom
- Value: $41.0M (33.0M GBP)
- Status: completed
- Products: flexible packaging, microwave steam cooking packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Excelsior Technologies](https://endata.com/companies/897.md) (target)
- [Endless](https://endata.com/companies/898.md) (partner)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/mondi-group-buys-flexible-packaging-company-excelsior-technologies-5733582/), 2017-02-06: "Mondi Group has purchased UK-based Excelsior Technologies from funds managed by Endless and certain other minority shareholders."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-this-week-super-label-alpla-group-mondi-group-5735474/), 2017-02-09: "Mondi Group has acquired UK-based technology provider Excelsior Technologies for £33m ($41m) in a debt and cash-free deal."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/24), 2017-03-29: "Packaging giant Mondi has snapped up flexible pack firm Excelsior Technologies in a £33m deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.