Platinum Equity has had a very acquisitive couple of months.
The private equity group, which has owned machinery maker and mold maker Husky Injection Molding Systems Ltd. since 2017, just announced it purchased Pelican Products, a rotational molder of high-end cases.
And in September, it purchased Texas-based injection molder Petmate, a maker of plastic kennels and crates for dogs and other pets, as well as pet toys and treats. If you've ever used a Chuckit-brand flexible plastic launcher to throw a ball for your dog (without having to put your hand on a slobbery tennis ball), then you're familiar with Petmate. The company began in 1959 as Doskocil Manufacturing.
Like its Pelican acquisition, Platinum hasn't released details about how much it spent to buy Petmate, but it has said it "expects to use its M&A resources to help the company expand."
Petmate also is behind "National Fetch Day," which was Oct. 16. Although I'm sure every dog already considers every day to be National Fetch Day.