Platinum Equity to Sell Heat Controller to Lennox
Sale positions Heat Controller for continued growth Divestiture represents final exit of the firm’s investment in HVA...
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July 18, 2022
Peli Products Germany GmbH Acquires Manufacturing capabilities in Germany
The purchase accelerates its Expansion Strategy with further manufacturing capacity for the European markets Barcelona – July 18, 2022 — Peli Products Germany GmbH, a subsidiary of Pelican Products, Inc., the global leader in the design and manufacture of high-performance protective cases, temperature-controlled packaging solutions and advanced portable lighting systems, announces the acquisition of HVB Kunststofftechnik GmbH’s injection and roto-molding business, Peli’s German-based manufacturing partner for the last 14 years. Since the beginning of the partnership in 2008, Peli...
Read moreJune 29, 2022
Ryerson CEO praises economic promise of American manufacturing at ground-breaking event for subsidiary
Ryerson CEO Eddie Lehner told a crowd of elected officials, dignitaries and construction workers earlier this month that well-paying manufacturing jobs are key to the American economy, according to the Chicago Tribune. He made the remarks came during a ground-breaking ceremony for wholly owned subsidiary Central Steel & Wire. "I am going to say it three times for good luck," Lehner said. "Manufacturing, manufacturing, manufacturing." The new 900,000-square-foot facility – a service center facility and headquarters for Central Steel & Wire – is located in University Park...
Read moreJune 20, 2022
Platinum Equity to Acquire Majority Interest in Global Intimate Apparel Company Hop Lun
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Read moreJune 15, 2022
Solenis’ ‘commitment to people, resilient culture’ receives WSJ recognition
When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistry company’s leadership. “It is an exceptionally well-run organization with an outstanding management team and a service-oriented culture,” Platinum Equity Partner Jacob Kotzubei said when the definitive agreement was announced last summer. “We believe in the company's mission and we are excited to invest in its continued growth and expansion.” That leadership was acknowledged recently as a US Best Managed Company for the second year in a row...
Read moreJune 10, 2022
Platinum Equity CEO Tom Gores pledges $100 million to build national charitable organization during appearance at Mackinac Policy Conference
During Q&A session with NBC Sports broadcaster Mike Tirico, Gores discusses Platinum origins, civic engagement, diversity goals and philanthropy: ‘We’re just scratching the surface’ MACKINAC ISLAND, Mich. – The chat began with a light-hearted exchange expressing hope the Detroit Pistons reach the NBA Finals in the near future. It ended with applause from an audience impressed by a promise to do more to help society. In his first appearance at the annual Mackinac Policy Conference, Platinum Equity founder and Pistons owner Tom Gores pledged $100 million to form a national...
Read moreJune 06, 2022
Why Tom Gores and the Pistons are building new $20 million community center in Detroit as a social justice initiative: ‘We should be reacting every single day’
MACKINAC ISLAND – Social justice has become a major point of discussion since the killing of George Floyd by a Minneapolis police officer. Platinum Equity Founder and CEO Tom Gores is no different than other business leaders who have pondered the issue over the last two years. But when he decided to act, instead of going it alone, he sought guidance from those with personal stories of being slighted simply because of skin color. Those discussions led Gores, who is owner of the Detroit Pistons, to establish a $20 million fund to build a new community center in Detroit. The decision ...
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