KPS Capital Partners LP is acquiring steel abrasive manufacturer WHA Holding SAS (Winoa) from a group of investors. Financial terms of the transaction were not disclosed.
Winoa is a global manufacturer of metal abrasives for the transportation, equipment, energy, and construction sectors. The target’s products serve as cleaning, cutting, peening and preparation materials for on-site metal surface work on large structures like bridges and offshore rigs. Le Cheylas, France-based Winoa has 11 manufacturing facilities located in France, Spain, Canada, South Korea, U.S., Japan, Slovenia, Brazil, Thailand, South Africa and Russia. The deal comes as the target intends to “pursue a range of growth initiatives,” according to Winoa CEO Pierre Escolier.