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Halliburton signed a definitive agreement to sell its Dresser Equipment Group, a maker of valves, instruments and industrial equipment, to an investor group led by First Reserve and Odyssey Investment Partners for $1.55 billion in cash and assumed liabilities. Halliburton will keep a five percent equity stake.
Warburg Pincus announced it will acquire Duravant, a packaging, food processing and material handling equipment maker, from Odyssey Investment Partners.
Sonoco signed a definitive agreement to acquire Peninsula Packaging Company, a thermoformed fresh-produce packaging maker in Exeter, California, for about $230 million in cash. The deal is expected to close by Q2 2017.
