CHICAGO (Dec. 19, 12 p.m. ET) — Baird Capital Partners Asia has invested an undisclosed amount in Boston Plastics (Shanghai) Pte. Ltd., a Singapore-based injection molder with manufacturing plants in China.
Terms were not disclosed. Baird is a China-focused investment group owned by Chicago-based private equity firm Robert W. Baird & Co.
Boston Plastics serves automotive, consumer electronics, imaging and industrial customers and has plants in Shanghai, Changchun and Taicang.
According to a news release from Baird, the investment will help Boston Plastics position itself for growth and expansion automotive, healthcare and clean energy sectors.
Eddie Chia Eng Kay, general manager of Boston Plastics, said his firm will leverage Baird's experience in the plastics industry. Baird's previous plastics-related investments included screw and barrel maker Xaloy.
Huaming Gu, a partner with Baird Capital Partners Asia, will join the Boston Plastics board of directors.