Banyan Capital-backed MIP acquires British healthcare supplier
The British subsidiary of MIP Inc has acquired Cromptons Healthcare Ltd, a supplier of reusable and single use healthcare products in the United Kingdom. No financial terms were disclosed. MIP, a Montréal-based manufacturer of textile products for healthcare facilities, is a portfolio company of Banyan Capital Partners, a Canadian private equity firm. Banyan Managing Director Jeff Wigle said the acquisition will help MIP to build on "its already strong position in the U.K. healthcare market." Banyan is an affiliate of Canadian boutique asset management firm Connor, Clark & Lunn Financial Group.
22 November 2016•3 mins read
