Platinum Completes Fifth Divestiture in Four Months

Platinum Equity has completed the sale of 3B to Binani Industries Limited. Headquartered in Battice, Belgium, 3B produces fiberglass composite materials and is a supplier to the automotive, wind energy and other industries. With the sale of 3B, Platinum has completed five divestitures in the last four months – Canvas Systems in January 2012, The San Diego Union-Tribune in December 2011, and AEES and Peak Technologies in October 2011.