Fabbrica Italiana Lapis-backed Dixon Ticonderoga, an education supplies manufacturing company, completed the acquisition of Pacon, a paper product manufacturing company, from Mason Wells, a Milwaukee-based private equity firm, for $340m. “The acquisition of Pacon is a further step in the execution of the group’s international growth strategy, and further expands F.I.L.A.’s position in the largest market in the world. Furthermore, with Pacon the group will be able to complete its offering in the colour and paper segments with a broad and identifiable portfolio of products and instruments for educational and recreational creative activities, aimed at a highly diversified target,” Massimo Candela, F.I.L.A. CEO.