Meggitt, Carlyle to buy Dunlop Standard Aerospace Group

From Rubber & Plastics News

London-UK equity fund manager Doughty Hanson & Co. has agreed to sell Dunlop Standard Aerospace Group to a consortium of UK-based Meggitt plc and global private equity firm Carlyle Group for $1450 million.

Dunlop Standard Aerospace includes Dunlop Aerospace Precision Rubber, a maker of elastomeric seals for airframes and engines.

Doughty Hanson, one of the largest independent private equity firms in Europe, acquired the business from BTR plc in October 1998 for $855 million. Under Doughty Hanson’s ownership, sales grew to $744 million…

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