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Wavin opened a 86,111 sq ft expansion of its plastic pipe factory in Chippenham, Wiltshire, funded by a multimillion-pound investment from its Mexican parent Mexichem. The expansion is intended to add job opportunities at the site.
Mexichem agreed to buy 80% of drip irrigation maker Netafim for $1.5 billion, valuing the company at $1.9 billion, with Permira selling its 61.3% stake and Kibbutz Hatzerim and Kibbutz Magal also selling shares.
