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© 2011 Photos.com, a division of Getty Images. All rights reserved.
© 2011 Photos.com, a division of Getty Images. All rights reserved.
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Onex heard about KraussMaffei through the grapevine

Onex Corp.’s $736-million purchase of a German plastics-equipment making company this week came about through the grapevine.

The Toronto-based private equity firm has a long history in the plastics industry, and that led to the ability to grab KraussMaffei AG when it came up for sale, said Onex managing director David Mansell. Mr. Mansell said he has known the German company for five years, in large part because Onex owned a company called Husky International that was in a similar business.