Iconex to acquire Schades and R+S
26 November 2018
Iconex™, the leading low-cost manufacturer of receipt and differentiated label solutions, signs a definitive agreement to acquire Schades and R+S from Hansol Paper as the company says in the press release received by Lesprom Network.
Schades, headquartered in Skive, Denmark, converts thermal paper for its customers, including receipt paper rolls for cash registers and self-adhesive labels. It enjoys a market-leading position in Europe with a unique customer base including retail, office stationery, distributors in food and non-food retail, and logistics. Headquartered in Sarstedt, Germany, R+S converts and markets thermal paper for receipts, coupon and ticket applications as well as labels.
Both companies are being brought into Iconex to form one integrated European company possessing unparalleled industry and regional knowledge, expertise and capabilities that will benefit customers, employees, and suppliers. With the integration of Schades and R+S significantly expanding the company’s geographic presence in Europe, Iconex will now have employees spanning across 14 locations in seven countries on three continents.
Closing is expected to take place in the 4Q of this year. Terms of the transaction were not disclosed.
Iconex will continue to be headquartered in Duluth, Georgia.