Essentra to acquire 3C! Packaging for $65m.

Essentra, a provider of essential components and solutions, agreed to acquire 3C! Packaging, a provider of packaging solutions, for $65m. "3C! is a strong fit for Essentra with excellent growth prospects. The business further strengthens our position in pharmaceutical and healthcare packaging in core product areas we know well, in addition to bringing valuable new innovation to Essentra with its serialisation technology. The acquisition of 3C! follows the successful integration of Nekicesa which has performed strongly in the first year of Essentra ownership. With 3C! we will continue to build the Packaging division's track record for identifying, acquiring and integrating high quality businesses that meet our disciplined criteria and deliver sustainable value to Essentra over the long-term," Paul Forman, Essentra CEO.