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KKR completes $1.6bn CIRCOR acquisition

KKR has completed its $1.6bn acquisition of CIRCOR International, a provider of flow control products and services for the Industrial and Aerospace & Defence markets. CIRCOR common stock has ceased trading and will no longer be listed on the New York Stock Exchange.

In conjunction with the transaction close, Dan Daniel, who as three decades of experience leading US industrial companies, is assuming the role of Chair of CIRCOR.

Prior to becoming a KKR Executive Advisor, Daniel served as Executive Vice President at Danaher for several years, where he oversaw the Industrial Technologies, Life Sciences, Diagnostics and Dental segments. He also currently serves as Chair of Bettcher Industries and Therapy Brands.

KKR will also support CIRCOR in implementing a broad-based employee ownership programme to allow all of its employees to have the opportunity to participate in the benefits of ownership of the Company.

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