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January 11, 2024

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 specializes in sourcing and blending to create high-quality, custom-made rum blends for business-to-business customers. The company’s blending operation is located at its Amsterdam headquarters. Its aging facilities, ...

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January 09, 2024

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 youth and recreational sports markets. Financial terms of the private transactions were not disclosed. “Youth sports play an important role in society and participation has been shown to provide impo...

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January 02, 2024

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 in dairy beverages, having introduced the first organic milk available coast to coast in the United States in 1991. Horizon Organic’s portfolio of organic dairy products includes milk, creamers and whiteners, yogurt, che...

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December 20, 2023

Cabinetworks Group Introduces New $8 Million Corporate Headquarters, Brings 110 New Jobs to Detroit Suburb

With various local and state officials on hand, Cabinetworks Group officially opened its new $8 million corporate headquarters in December.

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December 19, 2023

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 Los Angeles-based company that has served as a premier private label design house and manufacturer for 30 years. “Since we first joined forces with Platinum Equity, we have been seeking opportunities to better serve retail partn...

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December 12, 2023

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.

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