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Carlyle Group LP agrees to acquire Industrial Packaging Group from illinois tool works for $3.2 Bln

Thursday, 6 Feb 2014 04:22pm EST 

Carlyle Group LP:Agrees to acquire the Industrial Packaging Group (IPG) from Illinois Tool Works for $3.2 bln.Says IPG is a global manufacturer of strap, stretch, and protective packaging consumables, tools and equipment.Says transaction is subject to customary regulatory approvals and is expected to close in the middle of 2014.Says equity for the transaction will come from Carlyle Partners VI, a $13 billion U.S. Buyout fund. 

Company Quote

0.6 +2.05%
21 Nov 2014