Centerbridge to buy KIK Custom Products from CI Capital

Centerbridge Partners LP has agreed to buy KIK Custom Products from CI Capital Partners. Financial terms weren’t announced but Reuters valued the deal at $1.6 billion. Concord, Ontario-based KIK makes consumer packaged goods for brands and retailers. BMO Capital Markets is providing debt financing. Morgan Stanley & Co. LLC and Rothschild advised KIK while Barclays is providing financial advice to Centerbridge.

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