KPS-backed American & Efird Global to buy Gutermann

American & Efird Global, a portfolio company of KPS Capital Partners, said Monday that it will buy "substantially" all of Gutermann's global industrial and consumer thread business. No financial terms were disclosed for the transaction, which is expected to be completed on June 30. Based in Gutach, Germany, Gutermann is a maker of sewing thread products for consumer and industrial applications

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