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Article: ITALIAN BUYERS GET NEGRI BOSSI.
- Article from:
- Plastics News
- Article date:
- March 22, 1999
- Author:
CopyrightCOPYRIGHT 1999 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Kvaerner Industrier ASA is selling injection press builder Negri Bossi SpA to financial buyers led by Italian investment group Private Equity Partners for 90 billion Italian lire ($51 million).
Negri Bossi is the last piece of Kvaerner's John Brown Plastics Machinery business. Chicago investment group Madison Capital Partners bought the other five machinery subsidiaries in December for $62 million.
Private Equity Partners of Milan, whose shareholders include major U.S. and European banking companies, plans to retain the machinery builder as an independent company, but does not rule out buying a similar plastics machinery supplier in the future, said PEP ...