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Essentra completes acquisition of Nekicesa Packaging

Essentra PLC completed the acquisition of Nekicesa Packaging SL from funds managed by GED Iberian Private Equity SA SGEIC and EBN Capital SGECR SA for an undisclosed amount.

The Spanish packaging company was acquired on a cash-free, debt-free basis, and was funded with existing facilities.

The transaction is expected to be immediately earnings-accretive to Essentra.

U.K.-based Essentra manufactures and sells specialist plastic, fiber, foam and packaging products worldwide.