Centerbridge Partners to buy KIK Custom Products from CI Capital
U.S. private equity firm Centerbridge Partners recently agreed to buy KIK Custom Products, a Canadian manufacturer of household and personal care products and a developer of pool and spa treatment products. The proposed acquisition's value was not disclosed; however, a November 2014 report by Reuters suggested the deal could value KIK at more than US$1.5 billion, including debt. The seller in the transaction is CI Capital Partners, a U.S. private equity firm that purchased KIK for $826 million in 2007. Jeff Nodland, president and CEO of the Concord, Ontario-based company, said the new partnership with Centerbridge will help it "to continue on its growth trajectory."
10 July 2015•4 mins read
