Meiser and DUTCO to acquire IKG from KPS Capital.

Meiser, a manufacturing company that offers a wide selection of grating, profile planking, staircases, and GRP systems, and DUTCO, a conglomerate specialized in trading, manufacturing & logistics, construction, hospitality, energy and real estate, agreed to acquire IKG, a North American manufacturer and fabricator of metal grating and access infrastructure products, from KPS Capital, a private equity firm. Financial terms were not disclosed. "Our partnership with KPS was extraordinary. KPS recognized IKG's strength and potential from the start and supported IKG's growth objectives. Working in partnership with KPS, we invested significantly in our people and operations, focusing on employee engagement, manufacturing excellence and providing best-in-class product quality and support to our customer base. We are grateful to KPS for providing our team with the expertise, capital and resources to grow IKG. We thank our customers, suppliers and employees for their contributions to our success. We look forward to the opportunities that MEISER and DUTCO will bring to help us further elevate the offering to our customers," Chad McClendon, IKG CEO.