Tomkins Sells Schrader Division to Madison Dearborn Partners for $505 Million

UK-based Tomkins has agreed to sell its Schrader division to a Chicago-based affiliate, Madison Dearborn Partners LLC, for a sale price of $505 million cash plus a small minority equity interest in the parent of the purchasing company. 

Tomkins is jointly owned by Onex Corp. (OCX.TO) and the Canada Pension Plan Investment board. 

Schrader is ones of the world’s leading manufacturers of tire pressure monitoring systems (TPMS), valve products, tire hardware, and related original equipment and aftermarket accessories. 

The transactions may close in the second quarter of 2012.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s