A couple of other points.Not sure if it was clear enough above :...

A couple of other points.

Not sure if it was clear enough above : I do not see the increase of their debt as a problem for 2 main reasons :
- based on the expected free cash flow of the combined group, they should be able to pay back this debt in around 3 years,
- they are in a steady business, so putting some financial leverage is not a problem.

In terms of business, this acquisition is also going to modify the group's profile.
While they were historically mainly a contract manufacturer for the phama, cosmetic and healthcare sector, they are now mainly a packing business.
Packing will represent around 100 m of revenue/year vs around 77 m for their manufacturing business. They are also expanding into a new vertical (food and beverage), as well as into new channels : supermarket and online retail platform.