Platinum Equity-backed Hop Lun completed the acquisition of Rainbow West Apparel.

Platinum Equity-backed Hop Lun, a designer and manufacturer of intimate apparel, completed the acquisition of Rainbow West Apparel, a woman and minority-owned swimwear company. Financial terms were not disclosed. "Since we first joined forces with Platinum Equity, we have been seeking opportunities to better serve retail partners in the US market. Partnering with Esther and the RW team is an important part of that strategy. This combination will allow us to offer RW Designs' sample and design capabilities to our customers, which is a great benefit for those who want more flexibility and shorter lead times," Erik Ryd, Hop Lun Founder and CEO.