XANO Industri AB (publ) (OM:XANO B) signed an agreement to acquire Integrated Packaging Solutions for $21 million on August 21, 2023. The transaction is subject to confirmatory due diligence. As of September 28, 2023, due diligence and other customary closing conditions have been fulfilled. For 2022, Integrated Packaging Solutions reported sales of $16 million with an EBIT margin of over 20 percent. The transaction is expected to complete during September 2023. Consolidation will be effective as of 30 September 2023.

XANO Industri AB (publ) (OM:XANO B) completed the acquisition of Integrated Packaging Solutions on September 28, 2023.