KPS Capital Partners to acquire a majority stake in Novacel from Compagnie Chargeurs Invest.

KPS Capital Partners, a private equity firm, agreed to acquire a majority stake in Novacel, a provider of surface protection solutions, from Compagnie Chargeurs Invest, a French diversified holding company. Financial terms were not disclosed. "KPS, with its demonstrated track record of manufacturing excellence is the ideal next owner of Novacel as it enters this next phase of growth as an independent company. We look forward to working closely together with KPS and our talented team to expand our technical leadership and continue delivering new, innovative high-quality products that provide significant value for our customers," Philippe Denoix, Novacel CEO.