Platinum Equity Buys Two Chinese Manufacuring Companies

Los Angeles-based private equity investor Platinum Equity announced today that it has acquired two Chinese businesses from Broadway Industrial Group Limited. Platinum Equity said it acquired Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) from Broadway Industrial. FPS supplies protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets, and FCS provides valves, fittings, sensors, and related components. Platinum Equity said the acquisition is its second in Asia in the past 18 months.