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Private equity firm Bridgepoint acquires sealant solutions firm

3:15 AM MDT | May 7, 2013 | Francinia Protti-Alvarez

Flexitallic Group (Houston) is in the process of being acquired by private equity firm Bridgepoint (London), Flexitallic has announced. The €450-million ($590 million) transaction, which is subject to competition clearance, is anticipated to close this July. Investment firm Eurazeo PME (Paris), a majority stake holder in Flexitallic since 2006, will remain invested, although it will now hold a minority equity stake. The companies composing the group include Flexitallic, AGS Flexitallic (Edmonton, AB), Siem Supranite (Paris), Sealex (Cheshire, UK)...

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