A merger agreement between Platinum Equity and Harbisonwalker International was signed on Dec. 14, 2022 according to a press release from Platinum Equity.

The Mexico Ledger has confirmed that this includes the Vandalia, MO plant and facilities in Mexico and Fulton which supplies refractory products and services in North America. The financial terms were not disclosed. The transaction is expected to be completed in the first half of 2023, subject to customary closing conditions and regulatory approval. Many people are wondering if this is the same Platinum that previously owned the hospitals in Mexico and Fulton.

The Mexico Ledger has confirmed that Platinum Equity is not associated with Platinum Team Management.

Platinum Equity was founded in 1995 by Tom Gores, and s a global investment firm with approximately $36 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 27 years Platinum Equity has completed more than 350 acquisitions.