Solenis Announces $193M New Plant Expansion and Key R&D Investments
Solenis recently announced plans to invest $193 million in expanding existing operations in Suffolk, Va. Plans include the construction of an 80,000-square foot facility focused on production, packaging, and housing a tank farm. Solenis will also create a new rail spur for polyvinylamine (PVAm) polymer production. The project is anticipated to create 34 jobs. The […]
Platinum Equity Navigates Choppy 2023 with Deals in Multiple Sectors
Platinum Equity navigated a challenging year for private equity by sticking to its core investment strategies. Platinum Equity completed 51 buy and sell-side transactions in 2023, including 10 new platform investments and 28 add-on acquisitions across a variety of sectors, such as consumer, manufacturing, agribusiness and more. Deal sizes varied from the large end of […]
Platinum Equity to Sell Hunterstown Power Generation Facility to LS Power
LOS ANGELES (Jan. 16, 2024) – Platinum Equity announced today the signing of a definitive agreement to sell the Hunterstown power generation facility and related assets to LS Power. Financial terms were not disclosed. The transaction is expected to close in the second quarter of 2024. Located in Gettysburg, Pennsylvania, the Hunterstown facility is a […]
Platinum Equity Acquires Premium Rum Blending Specialist E&A Scheer
LOS ANGELES (Jan. 11, 2024) – Platinum Equity announced today the acquisition of premium rum blending specialist E&A Scheer, the largest global blender and vendor of premium rum in bulk, from The Riverside Company. Financial terms of the transaction were not disclosed. Headquartered in Amsterdam, Netherlands, E&A Scheer’s origins date back to 1712. The company […]
Platinum Equity Acquires Augusta Sportswear Brands and Founder Sport Group
Youth sports performance apparel businesses joining forces to create expanded portfolio of brand, product and service offerings LOS ANGELES (January 9, 2024) – Platinum Equity announced today the acquisitions of Augusta Sportwear Brands (“ASB”) and Founder Sport Group (“FSG”). Both companies are suppliers of team uniforms, and off-field performance wear and fan apparel for the […]
Platinum Equity to Acquire Horizon Organic and Wallaby from Danone
Leading dairy products brands projected to benefit from Platinum Equity’s carve-out experience and operational expertise LOS ANGELES (Jan. 1, 2024) – Platinum Equity today announced the signing of a definitive agreement to acquire Horizon Organic and Wallaby from Danone. Horizon Organic is the largest USDA-certified organic dairy brand in the world and is a pioneer […]
Cabinetworks Group Introduces New $8 Million Corporate Headquarters, Brings 110 New Jobs to Detroit Suburb
LIVONIA, Mich. – With various local and state officials on hand, Cabinetworks Group officially opened its new $8 million corporate headquarters in December. CEO John Barkhouse and Chief Human Resource Officer Jo Ann Morelli did the honors, cutting the red ribbon in front of employees assembled over two floors on the site that was once […]
Platinum Equity Portfolio Company Hop Lun Acquires Rainbow West Apparel
LOS ANGELES and HONG KONG (Dec. 18, 2023) – Platinum Equity portfolio company Hop Lun, one of the world’s largest designers and manufacturers of undergarments and swimwear, announced today the acquisition of Rainbow West Apparel (“RW Designs”), a woman and minority-owned swimwear company based. Founded in 1993 as a family-owned business, RW Designs is a […]
BlueCrest Announces Collaborative Mailroom Robot OttoMate
BlueCrest recently unveiled OttoMate, its first collaborative robot, which is engineered to work alongside human workers to automate various tasks in the mailing industry. In response to prevailing labor challenges in the mailing market, which include high turnover rates causing disruptions in recruitment, BlueCrest developed OttoMate. “With the introduction of OttoMate, we hope to leverage […]
Platinum Equity Sells Valpak to AmatoMartin
LOS ANGELES (Dec. 4, 2023) – Platinum Equity announced the sale of marketing and advertising solutions provider Valpak to AmatoMartin, a privately held investment holding company. Valpak, based in St. Petersburg, Florida, is a leader in omnichannel media and direct marketing solutions for local businesses and national brands. The company is trusted by 34,000 businesses […]
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