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The first installment of our new predictive index shows that dealmakers expect overall M&A to increase, with health care outperforming the overall market READ MORE 

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Red Sox Inspire Singapore Company

The Bostonian pride that resonated after the 2004 World Series win cropped up in an unusual place

What's in a name?"

Boston has always prided itself on being a City of Champions. Who would have thought that sentiment would stretch all the way to a small plastics company in China?

When Baird Capital Partners Asia invested in Boston Plastics on Dec. 19, Mergers & Acquisitions looked into exactly why the target, an injection molding and sub-assemblies company with manufacturing facilities in China, would be named after Beantown, especially with none of its executives being American.

Turns out, Boston Plastics took its name from the city's championing in the world of sports. However, it wasn't the Celtics, who have won 17 National Basketball Association Championships, nor was it the National Football League's three-time Superbowl champions the New England Patriots that inspired the Singapore-based company.

Eddie Chia Eng Kay, the founder and chief executive of Boston Plastics, who is Singaporean and has been working in China for many years, took the name from Major League Baseball's Boston Red Sox after the ball club's historic 2004 season. That year, the Fenway Sports Group-owned team embarked upon an unprecedented comeback, at least for baseball standards, from a three-game deficit to defeat the New York Yankees in the American League Championship Series and proceeded to sweep the St. Louis Cardinals to win their first World Series since 1918.

Alas, the Red Sox, founded in 1901, had to wait 86 years before the team's sixth World Championship win in 2004. Will Boston Plastics have such longevity and replicate that same fighting spirit? Let's just hope "the Curse of the Bambino" doesn't haunt M&A the way it did baseball.

Boston Plastics manufactures products for the automotive, consumer electronics, imaging and industrial markets.

 

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