Papeles y Cartones de Europa S.A. (BME:PAC) acquired Industrias Cartones Ondulados Andaluces S.L. and Ondulados Andaluces, S.A. for €9.8 million on April 3, 2017. The new entity will operate under the name Europac Packaging Lucena. The combined entity reported to have total revenues of €7.6 million and EBITDA of €1.2 million in 2016. PwC acted as due diligence advisor in the transaction. Melcorigen acted as financial advisor to Papeles y Cartones de Europa, S.A. Papeles y Cartones de Europa S.A. (BME:PAC) completed the acquisition of Industrias Cartones Ondulados Andaluces S.L. and Ondulados Andaluces, S.A. on April 3, 2017.