PE-backed KIK Custom Products seeks sale for over $1.5 bln: Reuters

KIK Custom Products Inc, one of North America's largest manufacturers of household cleaning and personal care products, is exploring a sale that could value it at more than US$1.5 billion including debt, sources told Reuters. The Concord, Ontario, company, owned by U.S. private equity firm CI Capital Partners LLC since 2007, is working with Morgan Stanley on a sale process that is expected to kick off early next year.

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