Centerbridge’s KIK Posts 50% Drop in Earnings Amid Plant Issues
Centerbridge Partners-backed KIK Custom Products reported a 50% drop in fourth quarter earnings compared to a year earlier, in part as production facility inefficiencies resulted in lower volumes and higher...
By Reshmi Basu, Dorothy Ma · Bloomberg Markets
Centerbridge Partners-backed KIK Custom Products reported a 50% drop in fourth quarter earnings compared to a year earlier, in part as production facility inefficiencies resulted in lower volumes and higher costs for the maker of household cleaning products.