KKR to acquire Minnesota Rubber and Plastics from Norwest Equity Partners
KKR is to acquire Quadion, which trades as Minnesota Rubber and Plastics (MRP), from Norwest Equity Partners (NEP), a Minneapolis-based middle-market equity investment firm. This transaction marks KKR’s second acquisition of a middle-market business in the industrials sector and is being funded through KKR’s Americas XII Fund. Financial details of