Europe-based private equity firm 3i to buy Q Holding

Twinsburg, Ohio — US precision moulded rubber and silicone components maker Q Holding Co. is expected to be bought over by a Europe-based private equity firm 3i Group PLC by mid to late December.

The group, with strong foundations in Europe, plans to purchase the company and its three operating businesses — Qure Medical, QSR, and Quadra Tooling and Automation — from Industrial Growth Partners for an estimated $160 million.

Q Holding’s management team and work force of about 1,100 will remain intact. The firm operates six…

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