Assembly Line

🦾 KKR to take machinery maker Circor private in $1.6 billion deal

📅 Date:

🔖 Topics: Acquisition

🏢 Organizations: KKR, Circor

KKR & Co Inc (KKR.N) will buy industrial machinery maker Circor International Inc (CIR.N) in a $1.6-billion deal and take it private, as the private equity firm looks to double down on investments in the flow-control market. “KKR will help us expand our presence in the flow-control space,” Circor’s Chief Executive Officer Tony Najjar said.

Read more at Reuters