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Advantage Partners Founder visits Shanghai Richina Leather Company, Ltd.
April 3, 2010: Shanghai, PRC Advantage Partners founder and Representative Partner, Richard Folsom visited Shanghai Richina on Saturday, April 3 to tour the new GST offices and production facilities of the GST Autoleather-SRL JV operations in Shanghai.
Welcoming Mr. Folsom to SRL were President and CEO Bob Moore, General Manager Felix Lu and CFO Robert Liu. After discussions and a review of future GST China research and development initiatives, the party toured the GST Autoleather plant and SRL's other production operations.
According to General Manager Felix Lu, "SRL and GST teams are working closely together to produce high quality automotive leathers." President and CEO Bob Moore added, "the GST Autoleather and SRL collaboration has been effective to capitalize on the rapidly growing car seat market in Asia with important brands like Peugeot, Citroen, BYD and Toyota."
Advantage Partners, LLP is a leading provider of services to private equity and similar funds focused on the Japanese and Asian markets. Richard Folsom and Taisuke Sasanuma founded AP in 1992. Funds served by Advantage Partners have invested in 29 separate companies representing total enterprise value of US $5 billion across a wide range of industries and sectors. AP acquired GST Autoleather in 2008.
Shanghai Richina Leather Company, Ltd. (SRL) produces car seat leather in conjunction with JV partner GST Autoleather. In addition, SRL produces footwear, accessories and garment leather for top brands including Calvin Klein, Kenneth Cole, Nike, Cole Haan, Merrell, Ugg, Coach, Patagonia, HH Brown, Born, Dansko, Justin, Tony Lama, Clarks of England, Johnston and Murphy, Rockport, Rocky, Durango, Caterpillar, Sperry Topsider, Sebago, North Face, and Columbia.