Nosco Begins Carton, Label Production At New Facility Nosco, Inc., a subsidiary of Holden Industries, Inc., has begun carton and label production at its new 175,000-square-foot Packaging Innovation Center in Pleasant Prairie,Wisconsin. The facility will provide redundant product capabil- ities that will expand Nosco’s efforts into a new era of printed packaging with continued focus on quality, innovation and growth for the healthcare industry. As previously announced in November of 2020, Nosco’s Packaging Innovation Center and headquar- ters building will consolidate much of the company’s northern Illinois workforce. The new Packaging Innovation Center in Pleasant Prairie,Wisconsin will be home to nearly 300 of Nos- co’s 700+ employee owners. All other staff will oper- ate out of Nosco’s existing facilities in Illinois, Texas, NewYork and Pennsylvania. Nosco’s quality system will remain in place across all facilities, including Pleasant Prairie. To assist with au- dits and tours, and provide a unique customer viewing experience, Nosco’s Packaging Innovation Center will feature an observatory bridge overlooking all produc- tion activities. Nosco’s CAD and Solutions Engineering teams will continue to enhance customer packaging with sus- tainable material options, substrate and ink recom- mendations, structural design expertise and more. To promote new product development and team collab- oration, both teams will now work together with cus- tomers out of the facility’s fully-integrated Customer Innovation Hub, alongside MakerSpace. Audits of the new facility will begin in late July, and the full grand opening is slated for Fall of 2021. Xaar Completes Acquisition Of FFEI Xaar has completed the acquisition of print systems and printbar company FFEI Limited. Based in Hemel Hempstead, UK, CEOAndy Cook and CFO Julian Payne will remain in their current roles and report to Xaar’s CEO John Mills. BobWilson, FFEI’s CTO,will join Xaar in a senior position within the prin- thead business,where he will focus on delivering tech- nologies for the company’s UDI customers. FFEI employs more than 60 people and in the year to March 31, 2021 generated revenue of £9.9 million. The initial cash consideration of £3.7 million was paid on completion, which reflects existing FFEI free cash reserves, with an additional £5.4 million deferred con- sideration to be paid out over three years.
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