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ICON advises on Edale sale

Tech-focussed investment bank ICON Corporate Finance has advised on
the sale of printing and packaging specialists Edale to Canon Production Printing. The deal highlights the continuing attractiveness of cross- border transactions and is the latest in a string of international deals advised on by ICON.

Hampshire-based Edale engineers and manufactures printing and converting solutions for the label and packaging industry, including digital and hybrid presses, carton and label production lines, flatbed die-cutters, and finishing and converting equipment. It has a long history in the flexo label industry and a strong reputation for its web transport and converting solutions for digital label production.

Mick Asada, CEO, Canon Production Printing, said: “We’re excited by the enormous potential that will come from far closer co-operation with Edale, working with the existing management team under Managing Director, James Boughton. We’re confident that this will help to realise Canon’s ambition to become a major force for digital innovation in the packaging arena.”

Edale Owner and Chairman, Grahame Barker, who will be exiting the business under the buy-out, added: “We’ve experienced a period of exciting growth and I’m delighted that Canon will be the partner for the next stage of Edale’s development.”