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Reichhold Inc. is in talks to sell its industrial adhesives unit, which accounted for $250 million in sales last year, as part of a restructuring effort that will enable it to focus on its core businesses.
Nippon Sheet Glass, a large Japanese manufacturer, has increased its holding in Pilkington, the UK glass group, from 10 to 21 per cent over the past fortnight, but has ruled out mounting a full bid.