Gabelli-Led Group Increases Stake in Wynn’s International

A group led by New York financier Mario J. Gabelli said Thursday that it has raised its stake in Wynn’s International Inc., a Fullerton-based producer of automotive industrial lubricants and fuel additives.

In a filing with the Securities and Exchange Commission, the investment group said it raised its stake to 440,500 shares, or 11.7% of the company’s outstanding common stock, from 393,200 shares or 10.4%.

Gabelli’s group also said it bought 47,300 shares of Wynn’s stock from Aug. 22 to Nov. 7 at prices of $20 to $21.25 a share.

The group, made up of several New York-based investment and securities firms controlled by Gabelli, holds the Wynn’s shares for investment.