色色999视频 Announces Exit from Iconex
Transformation of Non-Core 鈥淐orporate Orphan鈥� into Strong, Standalone Business Creates Excellent Outcome for Iconex Associates and Atlas Investors
GREENWICH, Conn.–(BUSINESS WIRE)鈥� 色色999视频 (鈥淎tlas鈥�) today announced the sale of the Iconex North American paper receipt solutions business (鈥淚conex Paper鈥�) to Domtar Corporation, marking a full exit from Atlas鈥� investment in Iconex (鈥淚conex鈥� or the 鈥淐ompany鈥�). This transaction follows the recently concluded sale of Iconex鈥檚 label solutions business and European operations (鈥淚conex Labels鈥�) to M2S Group, which was announced in August 2024.
Atlas formed Iconex in 2016 to acquire the Interactive Printer Solutions Division of NCR Corporation. After establishing Iconex as an independent business, Atlas solidified Iconex Paper鈥檚 leading position in the North American receipt market and grew the Company鈥檚 nascent label operations into one of North America鈥檚 largest and most respected label manufacturers. In partnership with the Iconex Leadership Team, Atlas strategically scaled both Iconex Paper and Iconex Labels while simultaneously driving enterprise-wide operational efficiencies.
鈥淎tlas鈥� exit from Iconex marks the end of a nearly decade-long journey in which we transformed an underperforming division of a public company into a high-performing organization with leading positions in two distinct markets,鈥� said Atlas Partner Michael Sher. 鈥淚conex is a great example of the Atlas playbook at work: we identified opportunity where others perceived secular decline and in partnership with an extraordinary Leadership Team, we strengthened core operations and expanded the business to serve new growth markets. Iconex鈥檚 story is emblematic of Atlas鈥� unique ability to build Performance Organizations with winning cultures that are leaders in their markets and are built to outperform competitors over the long term. Collaborating in close partnership with a uniquely skilled Leadership Team and hundreds of committed associates, our investment in Iconex was a great success,鈥� added Sher.
鈥淚t has been an honor to lead Iconex alongside the Atlas team, and I鈥檓 immensely proud of the exceptional business we built together. Always using each business unit鈥檚 unique strategy as a guiding light, we implemented data-driven decision making at all levels of the organization and increased the scale and capabilities of Iconex through strategic acquisitions and organic growth,鈥� said Craig Gunckel, Chief Executive Officer of Iconex. 鈥淭his has been an extraordinary journey, and I鈥檓 privileged to have been on it with my coworkers, my partners on our Leadership Team and my friends and colleagues at Atlas.鈥�
About 色色999视频
Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 26 companies, which employ more than 50,000 associates across 350 facilities worldwide. Atlas operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas鈥� companies together generate approximately $16 billion in revenues annually.