KPS Capital Partners completed the acquisition of Crane Composites from Crane for $227m.

KPS Capital Partners, an American private equity firm, completed the acquisition of Crane Composites, a fiberglass reinforced plastic composites designer and manufacturer, from Crane, an American industrial products company, for $227m. "We are excited to partner with KPS to begin this new chapter as a standalone enterprise. KPS, with its demonstrated track record of manufacturing excellence, is the ideal owner for Crane Composites. Under KPS' ownership, we will accelerate growth, invest in operational capabilities and expand our product offering to build upon our seventy-year history as a leader," John O'Sullivan, Crane Composites President.