TORONTO (Sept. 30, 2010)—Onex Corp. and Canada Pension Plan Investment Board said they have completed the acquisition of Tomkins P.L.C.
The company was sold for about $5 billion, which included assumption of debt.
Tomkins is an industrial holding company that operates a number of businesses. Its brands include: Gates—the world's largest aftermarket manufacturer and distributor of belts and hoses for the industrial and automotive market and Schrader—the world's largest designer and manufacturer of remote tire pressure monitoring systems.