SML Group, a Hong Kong-based provider of RFID and brand identification solutions, welcomed private equity firms FountainVest and CPE as new shareholders. The new investors bring regional and global expertise and resources to support innovation and digital integration. FountainVest and CPE aim to help SML expand its footprint and grow customer-centric solutions.

FountainVest managing director Andrew Huang expressed excitement about SML’s transformation and potential for growth. The partnership aims to support the company’s next chapter of expansion. SML has seen recent growth in production facilities, client partnerships, and sustainability initiatives like InfuseRFID and Digital Product Passports.

CPE managing director Hemeng Dong highlighted their commitment to enhancing SML’s products and digital solutions. The partnership will focus on meeting the increasing demand for RFID, DPP, and FCS solutions, while exploring new opportunities in labels, packaging, and software. The investment from FountainVest and CPE validates SML’s four decades of work and propels them into the next phase.

SML Group, with operations in over 20 countries, provides digital identification and supply chain solutions for major apparel and retail brands. Their offerings include RFID, DPP, FCS, digital IDs, and tags and labels. The investment from FountainVest and CPE marks a significant milestone for SML’s growth and development in the industry.

Read more at Yahoo Finance: FountainVest and CPE join SML Group as new investors