Leetsdale-based Hussey Copper, a manufacturer of copper products for industrial and construction applications, was recently acquired by private equity firm KPS Capital Partners LP for an undisclosed amount.
KPS made the purchase through its affiliate KPS Special Situations Mid-Cap Fund from Zohar III, Ltd. and Ark II CLO 2001-1, Ltd. Zohar III is in the monetization process, and the U.S. Bankruptcy Court for the District of Delaware approved the transaction in November.
“The entire Hussey Copper team is excited to partner with KPS in this next phase of growth,” John Harrington, Hussey Copper CEO, said. “KPS’ tremendous track record of manufacturing excellence and investing in leading metals companies will position Hussey Copper for continued success over the long-term. We plan to work closely with KPS to develop a range of growth and operational initiatives to build upon our long and successful history.”
Hussey Copper is the largest North American manufacturer of copper bus bar. It produces products used in construction, industrial and electrical applications. Although headquartered in Pennsylvania, it has three manufacturing facilities nationwide.
KPS makes controlled equity investments in various industries to improve companies’ profitability, competitiveness, and strategic position. Its portfolio companies operate 158 manufacturing facilities in 22 countries.