Manoir Industries SAS, a portfolio company of Sun Capital Partners, has acquired Kartik Steels Ltd., an Indian manufacturer of steel castings for the petro-chemical industry. No financial terms were disclosed.
We are pleased to announce that Manoir Industries SAS (“Manoir”), an affiliate of Sun Capital Partners, Inc., has completed the acquisition of Kartik Steels Limited (“Kartik”).
Kartik is an Indian-based manufacturer of steel castings, mainly for the petro-chemical industry. Their manufacturing process consists of pouring melted steel and other metallic additions into moulds. This acquisition represents a strategic move for Manoir, widening its product offering and enlarging its access to growing markets with a skilled and competitive labor force.
Manoir is a leading designer and manufacturer of highly-engineered specialty metal components and assemblies for the aerospace, petrochemical energy, steel and defense industries. Manoir employs over 3,500 people and has facilities in France, Belgium, UK, Mexico, China and India.
About Sun Capital: Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in over 230 companies worldwide since inception in 1995, with combined sales in excess of $40 billion. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen.