Jostens Announces $640 Million Dividend Recap
Koch Equity Development invests $450 million, will own minority stake in the business LOS ANGELES (November 12, 2024)...
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Press Releases • 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...
Read morePress Releases • 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...
Read moreDecember 20, 2023
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 a call center for a local healthcare company. Cabinetworks Group previously resided in an oversized and aging office space in nearby Ann Arbor. “The buzz around this building in the last two months is just night and day difference from how it was in in...
Read morePress Releases • 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...
Read moreDecember 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. 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 our intellectual property and industry know-how to bolster productivity on the client’s production floor,” BlueCrest Chief Technology Officer Steve Varga said in a release. The initial offeri...
Read morePress Releases • December 06, 2023
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 to drive lead generation and brand awareness through direct mail and digital advertising solutions. Valpak will join Clipper Magazine in AmatoMartin’s portfolio. Platinum Equity acquired Valpak as a corporate carveo...
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