Carlyle sells auto parts supplier Diversified Machine to Platinum Equity
Platinum Equity retains CEO of supplier
Carlyle Group, a US-based private equity (PE) firm, has sold auto component supplier Diversified Machine Inc. (DMI) to another PE firm Platinum Equity, says a company press release. The supplier manufactures safety-critical chassis and powertrain components for the automotive industry. The companies have not disclosed more details about the deal.
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