KKR to cop Minnesota Rubber and Plastics from Norwest Equity Partners

October 18, 2018

KKR to cop Minnesota Rubber and Plastics from Norwest Equity PartnersMinnesota Rubber and Plastics(MRP) a leading provider of elastomer and thermoplastic solutions, is to be acquired by KKR, a global investment firm, from Norwest Equity Partners (NEP), a Minneapolis-based middle-market equity investment firm. This transaction marks KKR’s second acquisition of a middle-market business in the industrial sector and is being funded through KKR’s Americas XII Fund. Financial details of the transaction were not disclosed.

MRP offers highly engineered elastomer and thermoplastic solutions for medical, water, industrial and other end markets globally.

This transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close by year-end 2018.

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(Last Updated: 12 Nov 2018)

Monthly The prices shown above do not include VAT @4% on purchase and expenses towards packing, transportation, warehousing  and other incidentals


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