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Onex buys KraussMaffei for $732 million

TORONTO (Updated Sept. 26, 8:30 a.m. ET) — Onex Corp., the Toronto-based private equity firm, has confirmed it has agreed to buy German plastics machinery maker KraussMaffei Group for 569 million euros (US$732 million). Onex, Canada's largest buyout firm, currently owns extrusion equipment supplier Davis-Standard LLC, and previously owned Husky Injection Molding Systems Ltd.

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