Geostick Group Acquires New Nilpeter FA Geostick Group, a manufacturer of self-adhesive la- bels, has acquired a new Nilpeter FA to future-proof production and add capabilities in flexible packag- ing, special tags, and self-adhesive labels. Geostick has a long-standing relationship with Nilpeter, and the new FA complements its existing line-up totalling five Nilpeter FA-4 presses at locations in Utihoorn and The Hague, Holland.
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Geostick faced challenges of needing to replace old equipment, expand capacity, and increase quality and register accuracy in the production of self-adhesive labels and complex tags in back and front printing. “To solve these challenges we simply had to up- grade technology, shorten setup times, decrease waste, and ease operations for our printers.We have done all this with the new FA,” said Cees Schouten, Operations Director at Geostick Group. “In our Geo- stick Labels & Tags division we also produce labels for Healthcare, where perfect print quality and very accurate registering is a must, which the FA also en- ables.We have a long history with Nilpeter, and cur- rently have four FA-4 presses in Uithoorn, and one at our plant in The Hague.” CCL Industries Inc. has signed a binding agreement to acquire privately-held Nortec International Ltd. Nortec is based in Israel near Tel Aviv. The sale is for approximately $9 million in cash and assumed debt. Nortec’s 2017 sales were $9.6 million with an esti- mated, adjusted EBITDA of approximately $1.4 mil- lion. The business will change its trading name to CCL Design Israel on closing, which is expected dur- ing the second quarter of 2018. Geostick Group rings the bell at Nilpeter Headquarters in Slagelse, Denmark. CCL To Acquire Israel’s Nortec
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6 June 11, 2018 Flexo Market News
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