Kps capital partners to acquire the engineered materials business of crane company

Leading provider of fiberglass reinforced plastic composite products new york , dec. 2, 2024 /prnewswire/ -- kps capital partners, lp ("kps") announced today that, through a newly formed affiliate, it has signed a definitive agreement to acquire the engineered materials business ("crane composites" or the "company") from crane company ("crane", nyse: cr), for an enterprise value of $227 million.  completion of the transaction is expected in the first quarter of 2025 and is subject to customary closing conditions and approvals.
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