Paris investment firm Wendel (MF: FP) has closed a $198 million deal for U.S. packaging company CSP Technologies. 

CSP, headquartered in Auburn, Alabama, provides custom protective packaging products that aim to extend shelf life, preserve product stability and provide child-resistant or senior-friendly closures. The company has manufacturing facilities in Niederbronn, France, and focuses on packaging for the health care and food and beverage markets.

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