Personal-equity agency Clayton Dubilier & Rice LLC has struck a deal to purchase Fort Dearborn Co. and Multi-Shade Corp. and merge the label producers, folks acquainted with the matter mentioned.
The deal, which is anticipated to be unveiled later Friday, values the mixed firm at round $6 billion together with debt, the folks mentioned.
The intently held corporations provide labels for merchandise reminiscent of wine and spirits, home- and personal-care merchandise and paints and chemical compounds. Based mostly in Elk Grove, Ailing., Fort Dearborn is dominant in North America, whereas Cincinnati-based Multi-Shade has an intensive world presence. Collectively, they’ve annual gross sales of about $3 billion.
CD&R is shopping for Fort Dearborn and Multi-Shade from private-equity companies Creation Worldwide Corp. and Platinum Fairness, respectively. Creation acquired Fort Dearborn in 2016 from Denver-based KRG Capital Companions. Platinum took Multi-Shade personal in 2019 in a deal valued at $2.5 billion together with debt and merged it with a subsidiary of its portfolio firm WS Packaging Group, one other label maker.