According to reports in Israeli media, the company is burdened with approximately $516 million in debt and has encountered a critical cash flow shortfall.
The award recognizes Etipress and its founder, Juan Carlos Arroyave, for continued partnership, innovation, and exceptional utilization of Mark Andy technology over the years.
Nearly doubling in size from the previous edition, Labelexpo Mexico 2025 had more than 200 exhibitors, representing all aspects of the label industry supply chain.
The Israeli packaging and label company will soon be establishing a new facility in New Jersey with a focus on retort pouches and lidding films for single-serve coffee pods.
A new entity, Nobelus Europe Ltd, is based out of the UK and will function independently of McKinleys Group, which will continue distributing supplies.
The Flex Pack Trail took guests on a deep dive into digital and conventional press technologies, flex pack material constructions, coating, laminating and more.