Building products maker CPG International may be sold by its
private equity owner, AEA Investors LP, for between $1 billion and
$1.5 billion, the Reuters news agency said Wednesday on its
website, citing three unnamed people familiar with the matter.
AEA Investors has hired Barclays PLC (BCS) and Deutsche Bank AG
(DB) to find a buyer for CPG, the people were quoted as saying in
the report.
CPG is expected to start conversations with potential buyers in
the next few weeks that could include private equity firms as well
as industry rivals, said one of the people in the report.
Representatives for AEA Investors didn't immediately respond to
requests for comment while Barclays and Deutsche Bank declined to
comment, the report said.
Full story:
http://www.reuters.com/article/2013/05/22/cpg-sale-idUSL2N0E32BO20130522?type=companyNews&feedType=RSS&feedName=companyNews
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