Centerbridge Partners has completed its previously announced acquisition of KIK Custom Products from CI Capital Partners. Backed by CI Capital in 2007, KIK is a developer and marketer of pool/spa treatment products, as well as one of North America's largest independent manufacturers of household and personal care products. The transaction was previously rumored to be valued at $1.6 billion. Under CI Capital's ownership, KIK doubled its revenues and completed several add-on deals. Morgan Stanley and Rothschild served as financial advisors to the company on the transaction, while Paul, Weiss, Rifkind, Wharton & Garrison served as legal counsel.