KKR shelves plan to sell Singapore-based Goodpack amid market turmoil

KKR shelves plan to sell Singapore-based Goodpack amid market turmoil

REUTERS/Brendan McDermid

KKR & Co. has shelved a process to sell Singapore-based Goodpack, an intermediate bulk container maker, after the coronavirus outbreak impacted valuations for the proposed deal, multiple sources with knowledge of the matter said on Wednesday.

Earlier this year, the private equity group received bids from a few consortiums after tapping more than a dozen potential buyers late last year for a deal that could value Goodpack at about $2 billion, the sources said.

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