Japan Tobacco Inc:Entered into an agreement to acquire Logic Technology Development LLC (Logic).Executive management team of Logic will remain with JT Group post-acquisition in order to benefit from their extensive knowledge and experience of the US e-cigarette market.Transaction will be funded by Group's existing cash and loan facilities, with an expected minor effect on the Group's consolidated performance for fiscal year 2015.Expects to complete acquisition in Q3 fiscal year 2015 following regulatory clearance.
ITC Ltd:Is in talks with Century Textile and Industries Ltd to buy its paper division in a bid to diversify revenue to non-tobacco businesses, said two sources directly involved in the deal-Business Standard.
Gilla Inc:Enters into letter of intent to acquire all of issued and outstanding shares of a florida based e-liquids manufacturer.Says is to pay to vendors $1.5 million in total consideration as a combination of cash, stock and a vendor-take-back loan, representing a purchase multiple of about 4 times earnings before interest, taxes, depreciation and amortization.Says purchase price will be payable as $600 thousand in cash, $600 thousand in stock and issuance of a $300 thousand non-interest bearing vendor-take-back loan due 18 months from closing.Says transaction is expected to close on or before May 15.
Essentra plc:Completed the acquisition of Specialty Plastics for an undisclosed cash consideration, funded from the company's existing facilities.
ITC Ltd:Entered into an agreement with Johnson & Johnson to acquire its brands, 'Savlon' and 'Shower To Shower', in India-Business Standard.
Essentra PLC:To confirm the completion of the acquisition of 100 pct of the share capital of the entire Specialist Packaging Division of Clondalkin Group (Clondalkin SPD) with effect from Jan. 30.The acquisition of Clondalkin SPD is consistent with Essentra's Drive for 2020 strategy of complementing balanced, profitable organic growth with value-adding acquisitions.Clondalkin SPD is global provider of broad suite of speciality secondary packaging solutions for the pharmaceutical and health & personal care industries, and transforms Essentra's position in these targeted end-markets.