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Investment group Investindustrial has acquired a 73.5% majority stake in Della Toffola, a packaging and processing machinery manufacturer. The Della Toffola brothers will retain a 26.5% minority stake.
Hexion Inc. entered a definitive agreement to sell its phenolic specialty resins, hexamine, and forest products resins businesses to Black Diamond and Investindustrial for approximately $425 million, including 11 manufacturing facilities.