Platinum Equity acquires American & Efrid (A&E)

Platinum Equity has acquired American & Efrid (A&E), Mount Holly, N.C., from KPS Capital Partners. A&E is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. Platinum Equity, founded in 1995, is a global investment firm with $13 billion in assets under management and a portfolio of more than 30 operating companies that serve customers around the world.