US-based investment firm Platinum Equity has entered a definitive agreement to acquire Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) from Singapore’s Broadway Industrial Group.

FPS is a supplier of protective packaging, insulation and component products to the consumer electronics, automotive, medical and other end-markets.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

FCD provides high-performance parts, including valves, fittings, sensors, and related components used in various end-applications.

"This acquisition creates a strong platform for growth and we are eager to work with the management team to pursue opportunities to expand the business."

The value of the deal, which marks Platinum Equity’s second acquisition of a business headquartered in Asia, has not been disclosed.

In April 2015, Platinum Equity purchased Chinese manufacturer Ying Shing Enterprises, which provides manufacturing solutions for customised precision-engineered plastic injection-moulded and metal stamping components.

See Also:

Platinum Equity partner Jacob Kotzubei said: “We have 20 years of experience providing divestiture solutions to corporate sellers and establishing thriving standalone businesses.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We also have substantial financial and operational resources in Asia and a strong and growing track record of creating value in the region.”

In Asia, the company currently operates several portfolio companies and employs more than 20,000 people.

Platinum Equity Singapore co-head Soo Jin Goh said: This acquisition creates a strong platform for growth and we are eager to work with the management team to pursue opportunities to expand the business both organically and through strategic add-on acquisitions.”

Recently, Platinum Equity sold its BWAY business to Stone Canyon Industries for $2.4bn.

BWAY manufactures rigid metal and plastic containers used to pack industrial, bulk food and retail goods.