Baird Capital Partners Asia, the China-focused investment group of Baird Private Equity, has invested an undisclosed amount in Boston Plastics, a high precision plastic injection molding and sub-assemblies company based in Singapore. Terms were not disclosed.
PRESS RELEASE
Baird Capital Partners Asia, the Greater China-focused investment group of Baird Private Equity, announced today it has invested in Boston Plastics (Shanghai) Pte. Ltd. Boston Plastics is a high precision plastic injection molding and sub-assemblies company headquartered in Singapore with manufacturing facilities in China.
Boston Plastics manufactures products for the automotive, consumer electronics, imaging and industrial markets, serving an extensive international customer base that is seeking to tap into the growing demands of the Chinese consumer. Through this investment, Boston Plastics’ experienced management team will draw from Baird’s expertise in the plastics industry to help position the company for continued growth and future expansion in the automotive, healthcare and clean energy sectors.
“We are excited about the partnership with Boston Plastics,” said Huaming Gu, Partner, Baird Capital Partners Asia. “Our global experience and relationship network in the plastic injection mold industry are nice complements to the strong leadership skills of the Boston Plastics team.”
“We look forward to leveraging Baird’s expertise through this partnership,” said Eddie Chia Eng Kay, General Manager of Boston Plastics. “Their global relationships, operating resources and plastics industry experience will enable us to accelerate company growth and further expand our business.”
Huaming Gu will join the Boston Plastics board of directors as part of this transaction.
About Boston Plastics (Shanghai) Pte. Ltd.
Founded in Singapore in January 2005, Boston Plastics specializes in high precision plastic injection molding and sub-assemblies serving the automotive, consumer electronics, imaging and industrial markets. Boston Plastics has manufacturing facilities in Shanghai, Changchun and Taicang. For more information, please visit www.boston-plastics.com.
About Baird Capital Partners Asia
Baird Capital Partners Asia, the China-focused growth equity fund of Baird Private Equity, provides growth equity capital to smaller, high-potential companies in China or with substantial operations and growth opportunities in China. Baird Capital Partners Asia leverages its in-depth sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Private Equity has a global team of 60 investment and operations professionals across the United States, Europe and Asia, and has invested in more than 260 companies since the 1980s. Baird Private Equity is the global private equity group of Robert W. Baird & Co. (Baird).
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