Mergers & Acquisitions

Recochem Acquires KIK Consumer Product's Auto Care Business

6403 Recochem - KIK’s Auto Care Business NT

M&A Engagement Overview

Industry Group: Transportation & Logistics
Area of Focus: Automotive Aftermarket Suppliers

Harris Williams advised Recochem, a portfolio company of CapVest Partners, on their acquisition of KIK Consumer Products’ Auto Care business. KIK is a portfolio company of Centerbridge Partners.

The automotive aftermarket’s favorable tailwinds and recession-resistant attributes, in conjunction with the capabilities of this combined platform, made the combination of KIK’s Auto Care business and Recochem attractive for CapVest. We are excited to have had the opportunity to work with Recochem for the second time and look forward to seeing how the company continues to evolve under CapVest’s ownership and further entrench themselves as a leading global player in the automotive aftermarket.

KIK's Auto Care business is comprised of Prestone in North America and Holts in the U.K. They develop, manufacture, and market antifreeze/coolant and other essential automotive fluids and car appearance products in North America and other key international markets.

With this acquisition, Montreal-based Recochem, a leader in automotive liquid solutions, expanded their manufacturing footprint and product portfolio, creating one of the largest scaled automotive consumables platforms globally. This is a strategic and highly complementary combination and will create a global automotive solutions group with significant opportunities to bring innovative new automotive solutions to customers across their key markets.

Contact the Harris Williams Transportation & Logistics Group to learn more about this client engagement.