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From Ems to Albertsons and more in letters eugeneweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eugeneweekly.com Daily Mail and Mail on Sunday newspapers.
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Ingram Micro back in US hands Ingram Micro back in US hands Comes after former Chinese owner declared bankruptcy earlier this year. Alain Monié (Ingram Micro) Credit: Ingram Micro Los Angeles-based private equity firm Platinum Equity has completed its landmark US$7.2 billion acquisition of Ingram Micro, a move that sees ownership of the global technology distributor return to the country of its birth. HNA Group s Tianjin Tianhai bought Ingram in 2016 for US$6 billion. However, HNA Group has weathered financial troubles in recent years, declaring bankruptcy in early 2021 after a creditor filed an application for the initiation of a reorganisation procedure against the company – no doubt a major factor behind the decision to sell off the distribution business. ....
Share this article Share this article LOS ANGELES, April 12, 2021 /PRNewswire/ Platinum Equity announced today it has entered into a definitive agreement to acquire Club Car from Ingersoll Rand (NYSE:IR) in a transaction valued at approximately $1.7 billion. The acquisition, subject to standard closing conditions, is expected to be completed by the third quarter of 2021. Founded in 1958 and headquartered in Augusta, Georgia, Club Car is a global manufacturer of golf cars, utility, personal transportation and other low-speed vehicles, including all-electric models, and related aftermarket parts and services. The business has been owned by Ingersoll Rand since 1995. Club Car is an iconic golf brand that for more than 60 years has set the industry standard for quality and innovation, said Platinum Equity Chairman and CEO Tom Gores. We appreciate Ingersoll Rand s confidence in our ability to build on that legacy and support Club Car s continued growth and expansi ....