Tuesday, Private equity firm American Securities LLC announced an agreement to sell its portfolio companies, CPM Holdings Inc. and ASP MWI Holdings Inc., to Rosebank Industries plc (ROSE.L) for an enterprise value of $3.25 billion, including a potential earnout payment of upto $200 million.
Michael Fisch, Founder & CEO of American Securities, commented, "With Dave Webster's leadership at CPM and Tom Amato's leadership at MW Components, both businesses have built durable platforms for sustained success. We are confident that CPM and MW Components are well positioned to build on their momentum and pursue their next phase of growth with Rosebank."
The deal is expected to close in the second quarter of 2026.
On February 16, Rosebank's stock closed at 328.00 pence, down 2.38 percent on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.