PSB Industries (ENXTPA:PSB) signed an agreement to acquire C+N Packaging, Inc. on July 23, 2014. CN Packaging had revenues of $25 million. The transaction is subject to usual conditions. Once the precedent conditions have been raised, PSB Industries will carry out the deal with Chris Young, Director of CN Packaging and some minority shareholders of CN Packaging. Moritt Hock & Hamroff LLP acted as lead counsel to the Sellers in connection with the transaction and P&M Corporate Finance, LLC acted as a financial advisor to P&M Corporate Finance, LLC.

PSB Industries (ENXTPA:PSB) completed the acquisition of C+N Packaging, Inc. on September 23, 2014.