News & Announcements

Weil Advised KIK Consumer Products in Sale of Auto Care Business to Recochem

Weil advised KIK Consumer Products, a portfolio company of Centerbridge Partners, in the sale of its Auto Care business to Recochem, a leader in automotive liquid solutions. KIK Consumer Products is a leading North American manufacturer of pool, household and auto care consumer products.

KIK’s Auto Care business being sold comprises Prestone in North America and Holts in the UK, and develops, manufactures and markets antifreeze/coolant and other essential automotive fluids and car appearance products in North America and other key international markets. Terms of the transaction were not disclosed.

The Weil team was led by Private Equity partner Brian Gingold and included Private Equity associates James Pierre-Louis, Dylan Hans, Dave Rossetti and Anthony Tulipano; Tax Head Joseph Pari, partner Hillel Jacobson and associate Grant Solomon; Executive Compensation & Benefits partner Amanda Rotkel and associates Amanda Nowak and Ace Szmolyan; Technology & IP Transactions partners Karen Ballack and Olivia Greer and associates Catherine Kim, Taylor Peterson and Adeline Park; Employment partner Rebecca Sivitz and associate Kate Belsito; Banking & Finance partner Benton Lewis and counsel Veronica Bonhamgregory; Capital Markets partner Heather Emmel and associates Stefan Tsourovakas and Eric Wissman; Environmental Head Annemargaret Connolly and partner Matthew Morton; Antitrust partner John Scribner, counsel Michael Naughton and associates Kelly McCubrey and Kathryn Graham; and Real Estate counsel Simon Heimowitz and associates Karen Luo and Jules Bienenfeld.