Centerbridge-Backed Comet Cleaner Maker Kik Said to Explore Sale

Kik Consumer Products Inc., the maker of household and pool-cleaning products, is exploring a sale that could value it at as much as $4 billion, according to people with knowledge of the matter.

The company is working with an adviser on the potential sale, the people said, asking not to be identified discussing private information. Kik is owned by private equity firm Centerbridge Partners, which acquired it in 2015 for an undisclosed price, according to a statement at the time.

The company has earnings before interest, taxes, depreciation and amortization of about $400 million a year, one of ...