CCMP agrees to acquire Hillman for about $1.5 bln

CCMP said Monday that it has agreed to acquire a controlling stake in Hillman from Oak Hill Capital for $1.475 billion. CCMP has partnered with Hillman's current management team on the transaction. Oak Hill Capital will retain a "significant" minority stake in Hillman. Barclays is advising Hillman on the deal while Morgan Stanley is advising CCMP. Based in Cincinnati, Hillman is a provider of fasteners, key duplication systems, engraved tags and related hardware items.

DealsNorth AmericaUSBriefs