- Associated Press - Sunday, February 1, 2015

AUBURN, Ala. (AP) - A French investment firm has purchased an Alabama-based packaging company.

Al.com reports (https://bit.ly/1LAaygX) that Wendel invested $198 million for a 98 percent ownership of Auburn-based CSP Technologies.

CSP provides specialty packaging for food, beverage and healthcare markets, including production of vials for the diabetes test strip market.

Al.com reports that CSP Technologies employs 400 people, including 300 in the U.S.

The company has manufacturing facilities in Niederbronn, France.

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