Genstar Capital Is Said to Mull $4 Billion Sale of TekniPlex

Genstar Capital, a San Francisco-based private equity firm, is considering a sale of TekniPlex that could value the manufacturing group at more than $4 billion, according to people familiar with the matter.

The buyout firm is working with an adviser on an auction process for the company, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The Wayne, Pennsylvania-based company is expected to attract interest from peers and other private equity firms, the people said.

No final decision has been made and Genstar could elect to keep the business, the people said. ...