Clayton, Dubilier & Rice Completes Acquisition of ITW's Decorative Surfaces Business

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Oct 31, 2012, 04:01 ET

NEW YORK, Oct. 31, 2012 /PRNewswire/ -- Clayton, Dubilier & Rice ("CD&R") today announced the close of an investment in Wilsonart International Holding, LLC ("Wilsonart"), formerly ITW's Decorative Surfaces business. ITW retains an ongoing ownership stake in the new, independent company.

Wilsonart's business units manufacture and distribute high pressure laminates ("HPL") and other fine surfacing materials and components used in furniture, office and retail space, countertops, worktops and other applications. The Company holds the leading HPL position in North America and Germany and the #2 position in the U.K., France, Spain, Benelux, China and Thailand. With 2011 revenue of $1.1 billion, the company operates under the Wilsonart, Resopal, Polyrey, Arborite and Ralph Wilson brands, selling primarily through a network of company-owned and exclusive, independent distributors in North America and non-exclusive, independent distributors internationally.

About Clayton, Dubilier & Rice

Founded in 1978, Clayton, Dubilier & Rice is a private equity firm with an investment strategy predicated on producing financial returns through building stronger, more profitable businesses. Since inception, CD&R has managed the investment of over $18 billion in 54 U.S. and European businesses with an aggregate transaction value of more than $80 billion. For more information, please visit www.cdr-inc.com.

About Wilsonart International Holdings, LLC

Wilsonart International Holdings, LLC is one of the world's leading manufacturers and distributors of high pressure laminates and other fine surfacing materials and components used in furniture, office and retail space, countertops, worktops and other applications. With 2011 revenue of $1.1 billion, the company operates under the Wilsonart, Resopal, Polyrey and Arborite brands. The company has achieved success through a combination of outstanding service, high-quality products and a focus on continuously redefining the laminate surface through improved performance and aesthetics. For more information, visit www.WilsonartFuture.com/AboutUs.

Contacts:
Dan Jacobs
Clayton, Dubilier & Rice
(212) 407-5218

SOURCE Clayton, Dubilier & Rice