Société BIC SA (ENXTPA:BB) signed an agreement to acquire inkbox ink inc. for $65 million on January 18, 2022. The transaction is structured with an upfront payment of $65 million and a deferred consideration based on Inkbox's future sales and profitability growth. Inkbox will continue to run as an independent subsidiary of BIC.

Inkbox ink reported $27 million net sales in 2021. The acquisition is contingent upon fulfilling certain customary conditions and expected before the end of Q1 2022.