Kohlberg Kravis Roberts(KKR) announced an agreement to acquire significant portions of Laporte.
NEW YORK — Kohlberg Kravis Roberts & Co. L.P. (KKR) announced an agreement to acquire significant portions of Laporte plc, including Laporte’s Pigments and Additives unit, for $1.175 billion. Under the agreement, the acquired businesses would be combined into a new company based in Princeton, NJ, and would be led by existing operating management, Laporte said.
Mike Kenny, formerly a divisional chairman and a member of Laporte’s board, will be named president of the new company. The business will be owned by KKR and the management team.