Platinum Equity-backed Hop Lun Acquires P.H. Garment

Hop Lun (Platinum Equity) Signs Agreements to Acquire Tobago and Chantelle’s Morocco Operations

October 17, 2025

Manufacturing

Hop Lun, a Platinum Equity portfolio company, signed definitive agreements to acquire two Morocco-based manufacturing businesses to create a new manufacturing platform in the country. The deals include Tobago and Chantelle Group’s Morocco operations (Famaco and Atma facilities), which are expected to close in the fourth quarter of 2025, subject to customary conditions.

Platinum Equity Acquires Augusta Sportswear Brands and Founder Sport Group

January 9, 2024

Consumer Products

Platinum Equity has acquired Augusta Sportswear Brands and Founder Sport Group, two U.S.-based suppliers of team uniforms, performance apparel and fanwear serving youth and recreational sports markets. The private transactions (terms undisclosed) will combine the complementary brand portfolios and capabilities to expand product offerings, improve supply-chain efficiency and accelerate customization technologies like sublimation printing.

Hop Lun (Platinum Equity portfolio company) Acquires RW Designs (Rainbow West Apparel)

December 18, 2023

Manufacturing

Hop Lun, a Platinum Equity portfolio company and global designer/manufacturer of intimate apparel and swimwear, has acquired Rainbow West Apparel (RW Designs), a Los Angeles–based woman- and minority-owned private-label swimwear design house. The acquisition expands Hop Lun's U.S. sample, design and private-label capabilities and is an add-on to the Hop Lun platform to better serve retail partners with shorter lead times and greater flexibility.

Platinum Equity Acquires The HC Companies

August 3, 2023

Manufacturing

Platinum Equity has completed the acquisition of The HC Companies, a North American manufacturer of horticultural containers headquartered in Twinsburg, Ohio. Platinum Equity plans to invest in growth and operations, using HC as a platform for organic expansion and add-on acquisitions across adjacent product categories and geographies.

Platinum Equity Acquires Majority Interest in Hop Lun

June 20, 2022

Manufacturing

Platinum Equity has acquired a controlling stake in Hong Kong-headquartered lingerie and swimwear manufacturer Hop Lun from founder Erik Ryd, who retained a significant ownership stake. The transaction, led by Platinum's Singapore investment team, positions Hop Lun — a global designer and manufacturer employing over 30,000 with production in Bangladesh, China, Ethiopia and Indonesia — for accelerated organic growth, strategic M&A and sustainability initiatives. Financial terms were not disclosed.

Gildan Activewear Acquires Peds Legwear Inc.

July 27, 2016

Consumer Products

Gildan Activewear Inc. has signed a definitive agreement to acquire 100% of Peds Legwear Inc. for $55 million in cash. The acquisition adds the Peds and MediPeds brands, a North Carolina manufacturing and distribution facility, and roughly $80 million in annual sales to Gildan’s apparel portfolio, enabling broader distribution and access to the footwear channel.