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Private equity firm Oxy Capital and illimity Bank agreed to acquire Gpack Group, an Italian maker of cardboard boxes and cartons for luxury, pharma, cosmetics and food markets, for $72 million.
Oxy Capital agreed to take an 80% stake and operational control of Italian flexible plastic packaging maker Gruppo Manuli Stretch, with Credito Fondiario providing a 12 million euro super-senior loan. The group will be renamed Gruppo M Stretch.
