German health care plastics products maker Gerresheimer AG (FRA: GXI) is  buying  U.S. rival Centor US Holding Inc. from Montagu Private Equity in a $725 million cash deal.

Perrysburg, Ohio-based Centor, founded in 1968, makes plastic vials and closures for the U.S. prescription drug industry. The target generated 2014 revenue of $167 million, by selling more than 1.5 billion vials. 

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