Excelsior is a vertically-integrated producer of innovative flexible-packaging solutions, mainly for food applications, with a unique 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. For the year ended Dec. 31, 2016, Excelsior generated revenues of £39 million (about $48.75 million).
David Hathorn, chief executive of Mondi Group, says, “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."