Essentra acquired Nekicesa Packaging from GED Iberian and EBN Vaccaria.

Essentra, a leading global provider of essential components and solutions, acquired Nekicesa Packaging, one of the leading converters of folding cartons supplying the pharmaceutical end-market in Spain, from GED Iberian and EBN Vaccaria. Financial terms were not disclosed. Commenting on the deal, Paul Forman, Essentra Chief Executive said: "The acquisition of Nekicesa is indicative of the value-creating acquisition opportunities which are available to us now that our Packaging division has successfully been stabilised. With a proven track record of profitable growth under an experienced management team, Nekicesa is a great fit with our own business in Barcelona as we continue to focus on our strategic objective of being the leading dedicated supplier of specialist secondary packaging and value-added services to the global pharmaceutical, personal care and beauty industry. I would like to welcome all at Nekicesa to Essentra and wish them every success."