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…