PE-backed KIK closes buy of Chemtura's consumer products unit for $300 mln
KIK Custom Products Inc has completed its previously-announced buy of the consumer products business of Chemtura Corp for an adjusted purchase price of $300 million. The acquisition price remains subject to a post-closing adjustment for working capital and assumed pension liabilities. Headquartered in Lawrenceville, Georgia, Chemtura's consumer products business is known as BioLab in North America and other regions, and Bayrol in Europe. The Concord, Ont.-based KIK, a manufacturer of consumer, institutional and industrial products, is a portfolio company of U.S. private equity firm CI Capital Partners. KIK was taken private by CI Capital Partners for $826 million in May 2007.
2 January 2014•4 mins read
