Pact Group Holdings Ltd (ASX:PGH) entered into an agreement to acquire ECP Industries for AUD 11.7 million on November 15, 2017. The consideration comprises AUD 10.5 million of cash on completion, AUD 0.4 million deferred payment for 12 months and AUD 0.8 million deferred for 24 months. In related deal, Pact Group Holdings Ltd entered into an agreement to acquire Graham Packaging Guangzhou Co. Ltd and Non-Japanese Asian Packaging Operations of Closure Systems Internationals from Reynolds Group Holdings Limited and Closure Systems International Packaging Machinery Inc. The consideration will be funded from a public offering of AUD 175.6 million. The deal is subject to customary conditions and is expected to close on November 30, 2017. The transaction is expected to be modestly accretive. Pact Group Holdings Ltd (ASX:PGH) completed the acquisition of ECP Industries on November 30, 2017.