About Iconex
Iconex is a company based in Duluth (United States) founded in 1887 was acquired by Domtar in November 2024. The company has 6 employees. Iconex has completed 6 acquisitions, including Liberty Greenleaf, Max International and P M Company.
- Headquarter Duluth, United States
- Employees 6
- Phone•••• ••••
- Website iconex.com
- Social LinkedIn X Facebook
- Acquired by M2S Group (Aug 2024)
- Legal Name Iconex (India) Private Limited
- Date of Incorporation 21 Mar, 2016
- Jurisdiction Bhiwandi, Maharashtra, India
- Annual Revenue₹55.72 Cr
FY 2025 · -17% YoY
- Net Profit₹26 Lakh
FY 2025 · 0% margin
- EBITDA₹35.3 Lakh
FY 2025 · 1% margin
- Latest Funding Round$97.5M (USD), Debt – Conventional
May 2019
- InvestorsPNC
& 3 more
- Employee Count6
- Investments & AcquisitionsLiberty Greenleaf
& 5 more
- Acquired by
Associated legal entities of Iconex
Iconex operates through Iconex (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iconex (India) Private Limited CIN U21000MH2016FTC274746 | Active | 21 Mar 2016 | Bhiwandi, Maharashtra | ₹55.7 Cr | 6 | 3 | View details |
Funding Insights of Iconex
- Total Rounds 1
- Last Round Debt – Conventional — $97.5M
- First Round $97.5M
(May 2019)
- Investors Count 2
All 1 funding rounds of Iconex with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2019 | $97.5M | Debt – Conventional | – | – |
4 investors in total: 4 institutional.
Investors in Iconex
Iconex has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include PNC, Domtar and Cerberus Capital Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt firm focused on multiple sectors | – | cerberus.com | New York, United States | |
Commercial banking and financing services are provided by PNC. | 1845 | pnc.com | Pittsburgh, United States | |
M2S Group is engaged in providing innovative coatings and films. | – | m2sgroup.com | - | |
Manufacturer of pulp and paper products | 1848 | domtar.com | Montreal, Canada |
Investor details for Iconex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Iconex (India) Private Limited (Iconex)
Iconex (India) Private Limited is the primary company behind Iconex. The board of Iconex (India) Private Limited currently have 2 directors; the longest-serving is Gaurav Goel, appointed in 2017. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gaurav Goel DIN 00273600 | Director | 31 Mar 2017 | 9 yrs 6 mo | Iconex (India) Private Limited |
| Chanchal Goel DIN 01502877 | Director | 20 Aug 2022 | 4 yrs 1 mo | Iconex (India) Private Limited |
People of Iconex
87 people are tracked at Iconex (17 in leadership, 70 in team); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Daryl Nelson | Director Of Operations | Leadership |
Steve Kolesar | Director Of Procurement | Leadership |
Natasha Ferguson | Senior Vice President HR | Leadership |
John J. Purcell | Sales Director - Office Products | Leadership |
Jeremy Bull | Director Of Enterprise Applications | Leadership |
Andy Jakes | VP Of Manufacturing - Europe | Leadership |
Heather Bahena Cscp | Vice President, Supply Chain And Customer Support | Leadership |
Michael Sethna (Mike) | Director Of Research & Development | Leadership |
Gregg Mosby Jr | Vice President And General Manager Of The Phoenix Paper Business Unit | Leadership |
Martin Laughlin | Sales Director Northern Europe | Leadership |
Dahn Nilsen | Vice President Of Finance | Leadership |
Guillermo Cartaya | Director Of Sales - Strategic Accounts | Leadership |
Matthew Vied | Director Of Sales - Strategic Accounts | Leadership |
Scott L. | Global Director Of Information Technology | Leadership |
Razib Farook | Finance Director, Europe | Leadership |
Jim Price | Director Of Technical Innovation | Leadership |
Julie Kosinda Sphr | HR Director (iconex) And M2s Internal Communications | Leadership |
Thanushiya K. | EU Product Cost Planning Analyst | Team |
George Katsotis | Strategic Account Manager | Team |
Jorge Andrade | Purchasing Print Lead At Iconex | Team |
67 more people are available in the full profile.
Complete people profiles for Iconex
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Iconex
Figures of Iconex (India) Private Limited, the primary company behind Iconex, for FY 2025. Revenue was ₹55.72 Cr (-17% year on year). Net profit was ₹26 Lakh (0% margin). EBITDA was ₹35.3 Lakh (1% margin). Revenue has grown at a compounded annual rate of +15% over three years and +16% over five years.
- ₹55.72 CrRevenue · FY 2025 · -17% YoY
- ₹26 LakhNet profit · 0% margin
- ₹35.3 LakhEBITDA · 1% margin
- ₹12.32 CrPaid-up capital
- 6Employees (provident fund records)
- +15%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Iconex (India) Private Limited are on its company page.
Detailed financial statements for Iconex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Iconex
Iconex has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Liberty Greenleaf, Max International and P M Company.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Removable adhesive labels are manufactured and provided as services. | maxintl.com | Lancaster, United States | 1992 | Apr 2023 | •••• | |
Printers and paper products are manufactured by Liberty Greenleaf. | libertygreenleaf.com | Phoenix, United States | 1987 | May 2022 | •••• | |
Paper rolls are manufactured by R+S Group for industrial use. | rs-group.com | Sarstedt, Germany | 1948 | Nov 2018 | •••• | |
Paper rolls are manufactured by Schades in Denmark. | schades.com | Skive, Denmark | 1916 | Nov 2018 | •••• | |
Stationery and gifting products are provided by RiteMade Paper. | ritemade.com | Kansas, United States | 1952 | Nov 2017 | •••• | |
Machine paper rolls are supplied by P M Company. | pmcompany.com | Drums, United States | 1905 | Nov 2017 | •••• |
Complete acquisition details for Iconex
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Iconex
10 dated milestones of Iconex across 137 years, from founding to its latest funding, stage changes and deals.
- Founded Iconex is founded.
- Acquisition Acquires RiteMade Paper.
- Acquisition Acquires P M Company.
- Acquisition Acquires R+S Group.
- Acquisition Acquires Schades.
- Funding First funding round of $97.5M.
- Acquisition Acquires Liberty Greenleaf.
- Acquisition Acquires Max International.
- Exit Acquired by M2S Group.
- Exit Acquired by Domtar.
Web traffic of Iconex
The website of Iconex (iconex.com) receives about 3.2K visits a month.
- Monthly visits3.2K
▲ 12% vs previous month
Latest news on Iconex
Complete news archive for Iconex
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Iconex
Iconex was founded in 1887 and raised its 1st funding round 132 years after it was founded.
Iconex is headquartered in Duluth, United States.
Iconex has 6 employees.
The primary company behind Iconex, Iconex (India) Private Limited, reported revenue of ₹55.72 Cr for FY 2025, down 17% year on year.
Iconex was founded in 1887 and is headquartered in Duluth, United States. Operations focus on the production and distribution of receipt paper and specialized label solutions within the printing and packaging sector. Services include custom thermal receipts, barcode labels, and sustainable options for retail, logistics, and healthcare industries. Global reach is supported through the domain iconex.com, with emphasis on reliable supply chain integration.
Iconex has made 6 acquisitions, including Liberty Greenleaf, Max International, and P M Company.
Iconex has 4 investors. Key investors include PNC, Domtar, Cerberus Capital Management, and M2S Group.
Iconex operates through Iconex (India) Private Limited.
Yes. Iconex was acquired by M2S Group in August 2024.
The legal entities of Iconex currently have 3 directors, including Gaurav Goel, Nikunj Omprakash Agarwal, Chanchal Goel.