Iconex acquires Max International Converters

Iconex, a global provider of unique label products and affordable paper receipts, has announced its acquisition of Max International Converters, Maxtick Products and key assets from McAuliffe Paper.

These transactions are expected to enhance Iconex's market position and add value to the company's offerings to its customers.

Max International, headquartered in Lancaster, Pennsylvania, is a supplier of direct thermal, liner-free, removable adhesive labels.

Meanwhile, McAuliffe Paper, based in Liverpool, New York, is a strategic supply partner to Max International.

Craig A. Gunckel, Iconex chief executive officer, stated that the acquisition of the MaxStick product line would allow the company to provide additional high-performance liner-free options to its customers while also expanding its proven technology portfolio.

Iconex currently provides innovative paper and label solutions to approximately 40,000 companies worldwide.

Mike Vigunas, the president of Max International, 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.

The financial details of the acquisitions were not disclosed.