Nordvalls Etikett, a Swedish label specialist, completed the acquisition of Watermill Press, specialises in product identification labels and counts food industry retailers among its main clients. Financial terms were not disclosed. “We are looking to grow with profitability and believe the way to do that is through a mix of growing with existing and new customers and acquiring businesses that complete the Nordvalls portfolio. We’re always interested in well-managed, service-minded label manufacturers in the northern part of Europe that have modern technical equipment. Nordvalls brings to Watermill a lot of experience and vice versa – Nordvalls as a company has been around since 1907 the financial strength to assist with investments which can help Watermill continue to grow and expand,” Patrik Jenemark, Nordvalls managing director.