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Banta to Sell Healthcare Group
MENASHA, WI—Banta Corp. has reached an agreement to sell the assets of single-use healthcare products subsidiary Banta Healthcare Group to an affiliate of Fidelity Capital Investors for $67 million in cash. The deal is expected to close by the end of the first quarter. Fidelity is a private equity investment division of Boston-based Fidelity Strategic Investments. In a separate deal related to the divestiture, Banta sold its warehouse in Rialto, CA, to a California real estate investment company for $7 million.
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