CITIC Capital, Crestview buy machinery supplier Stackpole
CITIC Capital Partners has teamed up with New York-based Crestview Partners to buy Stackpole International, a North American machinery supplier, from Sterling Group and Current Capital. The transaction value was not disclosed but it is reportedly $512 million including debt.
Based in Ontario, Canada, Stackpole provides systems and components to auto equipment manufacturers and powertrain specialists. It has production facilities in North America, Europe and Asia. Peter Ballantyne...
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