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Investment fund LBO France acquired a majority stake in Baobag, a French maker and distributor of large-capacity flexible packaging, alongside AfricInvest, BNP Paribas Développement and management. The deal was announced in Paris on 24 September 2021 and no value was disclosed.
TricorBraun agreed to acquire Cormack Packaging, a rigid packaging supplier in Australia and New Zealand, marking its entry into Australia. The deal was announced on September 13, 2021 and expected to close later that month.