Reuters - Ares, Ontario Teachers to Buy Building Products Maker CPG

U.S. private equity firm Ares Management and Ontario Teachers' Pension Plan will together acquire building supplies company CPG International Inc., writes Reuters. The seller is U.S. private equity firm AEA Investors, which bought the Scranton, Pennsylvania-based CPG in 2005. While financial terms of the deal were not disclosed, people "familiar with the matter" told Reuters in July that the CPG acquisition was worth as much as US$1.5 billion.

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