The ABS- and MBS- sector investor will establish a fund to take advantage of the current lack of market liquidity in the sector, says president.
TowerBrook Capital Partners is exploring investment opportunities in the building products area.
Morgan Construction has been acquired by Siemens VAI Metals Technologies for about $130 million, not including about $30 million in debt that came along with the firm.
SK Capital Partners, LP, an affiliate of The Valence Group, a newly formed merchant bank, acquired Aristech Acrylics, an acrylic sheets and solid surface products supplier, from Mitsubishi Corporation.
It's not so much that the manufacturing sector is changing it's that it has already been transformed, and in the new environment change is a constant.
Building products manufacturer Armstrong World Industries has decided against a sale of the business, citing unfavorable market conditions, specifically the continued deterioration in the U.S. residential housing market and a 'dramatic' tightening of the credit markets.
Building products manufacturer Armstrong World Industries has decided against a sale of the business, citing unfavorable market conditions, specifically the continued deterioration in the U.S. residential housing market and a 'dramatic' tightening of the credit markets.
The distress among homebuilders is plain as day, yet many distress PE investors are nowhere in sight.
Thomas & Betts plans to sell its plastic pipe business, which was acquired as part of its Lamson & Sessions buy in November 2007.
Sun Capital Partners signed an agreement to acquire a controlling interest in American Standard Americas.