DULUTH, Ga. (News release) -- Iconex, the world's leading provider of highly differentiated label solutions and low-cost paper receipts, today announced the acquisition of MAX International Converters, Inc., MAXStick Products Ltd. and key assets from McAuliffe Paper Inc.
MAX International, headquartered in Lancaster, Pa., is an industry-leading global supplier of direct thermal, liner-free, removable adhesive labels. McAuliffe Paper, based in Liverpool, N.Y., is a strategic supply partner to MAX International. Financial terms of the transactions were not disclosed.
"Adding the MAXStick® product portfolio allows Iconex to provide additional high-performance liner-free options to our customers and expands our portfolio of proven technology," said Iconex Chief Executive Officer Craig A. Gunckel. "These transactions fully align with our long-term growth objectives and position us to continue to win across the retail, food service, warehousing and pharmaceutical industries."
Iconex serves 40,000 companies globally with innovative paper and label solutions. These acquisitions both strengthen and further Iconex's aspiration to be the world's leading provider of highly differentiated liner-free labeling solutions.
MAX International President Mike Vigunas has more than 45 years of experience in the label solutions and paper receipt industry, including leading MAX International for 31 years. He will join Iconex as Vice President of Global Business Development.
"Current MAX International customers will benefit by gaining access to Iconex's high-performance differentiated label portfolio including Iconex Sticky MediaTM," Vigunas said. "Joining Iconex provides our business with significant growth potential, offering a global supply chain and duplicate manufacturing locations that will serve our loyal customers well now, and in the years to come."