Buckingham Capital buys CPAC

CPAC Inc. (NASD: CPAK), purveyor of everything from brooms and mops to imaging equipment, said it would be acquired by Buckingham Capital Partners II LP for $42.8 million. The New York private equity firm also plans to take on about $6.7 million in debt, giving the company an enterprise value of about $49.5 million. Founded in 1969, the 600-employee company has two divisions. Fuller Brands makes and markets mops, brushes and brooms; CPAC Imaging sells imaging equipment, chemicals and silver refining services used in color photography and other processes. www.cpac.com