![]() ![]() CI Capital's existing portfolio consists of companies which collectively generate annual revenue of close to $4 billion, EBITDA of over $350 million and employ approximately 15,000 people. Since the firm's inception, CI Capital and its portfolio companies have made more than 100 acquisitions representing over $6 billion in enterprise value. CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements. For more information about KIK, visit KIK is a portfolio company of New York-based private equity firm CI Capital Partners.ĬI Capital Partners LLC, a North American private equity firm, has been investing in middle-market companies since 1993. KIK produces national brand and private label consumer products for Fortune 500 companies. KIK's product lines include bleach, household cleaners and sanitizers, pool and spa water treatment and pool specialty products, personal care, over-the-counter medicated and pharmaceutical products, all supported by in-house technical expertise and value-added services. The KIK network now includes 16 integrated manufacturing facilities strategically located throughout North America and a plant in South Africa. With over $1.6 billion in annual sales and more than 3,600 employees worldwide (post acquisition), Toronto, Canada-based KIK is one of North America's largest contract and private label manufacturers of consumer, institutional and industrial products. KIK entered the pool care business in 2011 with the acquisition of US-based Chem-Lab Products Inc., now known as KIK Pool Additives Inc. Our investment in BioLab, coming only a few short months after the announcement of our license agreement to take the iconic Clorox brand to market in pool care, underscores our continued commitment to the growth of the pool and spa category." As an integrated team, we will create an efficient, service-focused business committed to offering a winning portfolio of household, pool and spa care, and pool specialty products to customers across the channels we serve. We are already at work building on BioLab's tradition of market leadership and product innovation. KIK Classic Division President Stratis Katsiris added, "We are delighted to welcome BioLab and Bayrol employees to the KIK family. ![]() "We look forward to the integrated businesses generating strong free cash flow while diversifying our products and expanding our customers, channels and geographic reach." "This acquisition marks a major step in the strategic growth of our company," said Jeff Nodland, KIK's CEO. The acquisition included Lawrenceville, Ga.-based BioLab's pool products businesses in North America, South Africa and Australia/ New Zealand its European division known as Bayrol as well as its household care business in North America and dedicated manufacturing plants in Conyers, Ga. The purchase price is subject to a post-closing adjustment for working capital and assumed pension liabilities. The $15 million reduction reflects the resolution of certain pre-closing matters by the parties. ("KIK") today announced it successfully completed its acquisition of the consumer products business of Chemtura Corporation (NYSE/EuroNext Paris: CHMT) on Decemfor an adjusted purchase price of $300 million. 2, 2014 /PRNewswire/ - KIK Custom Products Inc. ![]()
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