Daily News: November 1, 2012

CD&R Acquires ITW’s Decorative Surfaces Business

Clayton, Dubilier & Rice closed its investment in Wilsonart International Holding, formerly ITW’s Decorative Surfaces business. ITW retains an ongoing ownership stake in the new, independent company.

s business units manufacture and distribute high pressure laminates and other fine surfacing materials and components used in furniture, office and retail space, countertops, worktops and other applications.

The company operates under the Wilsonart, Resopal, Polyrey, Arborite and Ralph Wilson brands, selling primarily through a network of company-owned and exclusive, independent distributors in North America and non-exclusive, independent distributors internationally. It had $1.1 billion in revenue in 2011.

Clayton, Dubilier & Rice is a private equity firm.