PIE-TICKER
McKechnie bought by UK investment company
Leading UK trade moulder and extrusion company McKechnie Automotive & Engineered Plastics (www.mckechnie-plastics.co.uk), Stamford Bridge, York, has been bought, with the rest of the McKechnie Group, from private equity group Cinven by a UK investment company, Melrose. In a combined deal valued at GBP 429m (EUR 632m), Melrose has also bought from Cinven a second UK manufacturing company, Dynacast Group (www.dynacast.com), Alcester, Warwicks. The combination of Dynacast, a world leader in precision die castings, with McKechnie creates a group with sales of GBP 600m.
02.05.2005 Plasteurope.com [11208]
Published on 02.05.2005