KPS Capital Partners, LP has announced that, through a newly formed affiliate, it has completed the acquisition of Libertas Copper, LLC (Hussey Copper) from Zohar III, Ltd. and Ark II CLO 2001-1, Ltd. KPS acquired Hussey Copper as part of an ongoing monetization process conducted by Zohar III. Hussey Copper is the third acquisition completed by KPS Special Situations Mid-Cap Fund.
"Hussey Copper is a North American processor and fabricator of copper products and the largest North American manufacturer of copper bus bar," said a company spokesperson. "The company offers a comprehensive portfolio of high-quality copper products used in electrical, industrial and construction applications." Hussey Copper is headquartered in Leetsdale, PA, with three manufacturing facilities across the United States.
Ryan Harrison, a Partner of KPS Mid-Cap Investments, said, "We are very excited to acquire Hussey Copper, a market leader with best-in-class manufacturing capabilities, product offering, quality and customer service. We look forward to working with Chief Executive Officer John Harrington, Hussey Copper's management team and employees to build on this great platform. Hussey Copper's strong brand and manufacturing expertise, combined with access to KPS' strategic, operational and financial resources, provide an ideal foundation for future growth. We intend to drive the company's growth both organically and through strategic acquisitions."
Harrington said, "The entire Hussey Copper team is excited to partner with KPS in this next phase of growth. 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."
For more information contact:
Hussey Copper
100 Washington Street
Leetsdale, PA 15056
800-733-8866 / 724-251-1000
info@husseycopper.com
www.husseycopper.com
KPS Capital Partners
One Vanderbilt Ave., 52nd Floor
New York, NY 10017
212-338-5100
www.kpsfund.com