Best Graphics’ Laser Die Cutting partner, Highcon, Goes Public with an IPO, Valued at $170m USD – 

This morning, Highcon, based in Israel, became a public company on the Tel Aviv Stock Exchange (“HICN”). Shares have been trading between $245 – 310, and the company is presently valued (“Market Cap”) at over $175 million.

This milestone is significant in two ways:

1. It raised over $70 million for the firm, which will be “used for further development to solidify our commitment to our customers and our prospects in both the Folding and Corrugated markets” per Shlomo Nimrodi, Highcon’s CEO; and

2. It is validation in the Highcon brand, by the marketplace, as a company firmly rooted in the Graphics Arts, Finishing and Packaging industries and, arguably, at the forefront of the Die Cutting, Folding Carton markets given the heightened awareness of eCommerce shopping, and sustainable packaging desired by shoppers during COVID-19/2020.

On the heels of the IPO, a North American firm placed an order for (2) Highcon Euclid/Beam machines with the Printer taking delivery in Q1 of 2021.

. . . Here’s to Highcon, our partners, and their continued success: l’achim!