Sagard Capital owns 6.54% of X-Rite

By Lisa Kerner

Charlotte, N.C., April 4 - Sagard Capital Partners, LP and its affiliates increased their stake in X-Rite, Inc. to 6.54%, from 5.47% on March 7, with the purchase of 299,760 additional shares of the company's stock between March 10 and April 3.

The shares were priced from $5.04 to $7.13, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 1,901,237 shares of the Grand Rapids, Mich.-based company's outstanding stock.

X-Rite develops color management systems and solutions.

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