FARMINGTON HILLS, MI – Spending 12 months in bankruptcy was humbling, emotionally draining and bad for employee morale at Key Plastics LLC. But when the supplier emerged from bankruptcy on April 26, 2001, the company had a new lease on life – as well as a new owner and new management. Daniel Ajamian Washington, D.C.-based Carlyle Management Group, a private equity fund, acquired Key Plastics and rescued it from bankruptcy, infusing the supplier with badly needed cash. But ...

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