Miraclon Corporation

Miraclon Corporation, based in the US, specializes in advanced flexographic printing solutions, utilizing innovative technologies to enhance print quality and operational efficiency for its diverse clientele. Founded in 2019 and headquartered in Rochester, US, Miraclon Corporation focuses on developing and marketing advanced flexographic products. The company was established following its acquisition by Montagu Private Equity from Eastman Kodak Company for USD 340 mn in November 2018, marking a pivotal transition in its business strategy. Chris Payne serves as the CEO, leading the company through this evolution.

Miraclon's core product offerings center around their innovative FLEXCEL NX Technology, which is pivotal in transforming flexographic printing. This technology optimizes ink transfer with 100% precision, enhancing print quality and minimizing production variables. The company also provides integrated FLEXCEL Solutions, comprising specialized imaging systems, software, and print application expertise, aimed at meeting the growing demands for efficiency and sustainability in packaging print. Miraclon operates in key markets across North America, Europe, and Asia, serving businesses seeking modern flexo solutions in line with sustainability objectives.

In 2018, Miraclon reported a revenue of USD 150 mn and an EBITDA of USD 33 mn. The revenue model is based on advanced technology solutions provided to manufacturers and packaging companies, often involving direct sales and subscription-based services for ongoing support. Customized pricing structures cater to the specific needs of clients, fostering long-term partnerships that enhance operational performance and sustainability outcomes. Following its acquisition in November 2018, Miraclon plans to leverage the investment from Montagu Private Equity to develop and market innovative flexographic products like the Kodak Flexcel NX System for the packaging print segment.

The company aims to expand its market presence in North America, Europe, and Asia by introducing new products and enhancing existing solutions to meet the industry's evolving demands.