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Contego Packaging Agrees to the Sale of its European Cartons Business to Graphic Packaging
Home / News / Contego Packaging Agrees To The Sale Of Its European Cartons
Contego Packaging announced today that it has signed a definitive agreement to sell its food and beverage Cartons business to Graphic Packaging Holding Company. The Cartons business includes operations in the UK, the Netherlands and Ireland with sites in Leeds, Gillingham, Hoogerheide, and Portlaiose.The ownership and growth strategy of the Healthcare business of the Contego Packaging Group remains unchanged and continues to remain focused on expansion through organic and acquisitive growth by building on the significant investments that have been made over the past 18 months. During this period, two new factories have been built and major investments made in state-of-the-art printing and folding technology at its ten sites across Europe. "The sale of the Cartons business will allow us to focus even more intensively on growth in the pharmaceutical and healthcare sectors," said Tom Reid, Contego Packaging CEO.The change of ownership of the Cartons business is expected to take place by the end of this year.The Contego Packaging Group, which is owned by Platinum Equity, is one of Europe's leading and most technically advanced packaging manufacturers. The Cartons division produces high quality and innovative packaging for the food and beverage industry from 4 manufacturing facilities. The pan European Healthcare division operates from ten world class manufacturing sites providing cartons, leaflets, self-adhesive labels, and printed foils for blister packs for the pharmaceutical and healthcare markets.Platinum Equity is a global M&A&O® firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 140 acquisitions.Other News:Contego Packaging Completes Sale of Food Cartons Business to Graphic Packaging »
Platinum Equity Completes Acquisition of BWAY Parent Company, Inc.
Home / News / Platinum Equity Completes Acquisition Of Bway Parent Company
Atlanta, GA – BWAY Parent Company, Inc., a leading North American supplier of general line rigid containers, announced today it has been acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. The transaction, first announced October 2, 2012, closed today."We are excited about this next step in the evolution of our company as we transition to new ownership," said Kenneth Roessler, BWAY President and Chief Executive Officer. "Platinum provides strong operational capabilities that perfectly fit our strategic focus for the next chapter. Our goals are fully aligned with those of our new partners and we are excited to get to work."Under the terms of the agreement, Platinum Equity acquired BWAY from Madison Dearborn Partners via a merger. Senior executives of BWAY and a significant number of other employees invested in the transaction alongside Platinum."BWAY has a strong management team and dedicated employees. We are excited about their commitment to this transition as it is a clear demonstration of their belief in our ability to work together, create value and help the company realize its full potential," said Platinum Equity Partner Louis Samson.A team of Platinum operations professionals has been deployed to work with BWAY and help ensure a seamless transition. Mr. Samson said that in addition to providing operations support, Platinum Equity's M&A team will continue working closely with BWAY in the capital markets and in pursuing attractive acquisition opportunities should they present themselves."We will work with the management team to evaluate and pursue attractive opportunities to grow and expand the business, both organically and through potential new acquisitions," said Mr. Samson.Goldman, Sachs & Co., Barclays, and Deutsche Bank Securities, Inc. acted as financial advisor to BWAY and Kirkland & Ellis LLP was the company's legal advisor. Latham & Watkins LLP acted as legal advisor to Platinum Equity. The bookrunners for debt financing were Bank of America Merrill Lynch, Deutsche Bank, and Goldman Sachs.About BWAY CorporationBWAY Parent Company, Inc., through its primary operating subsidiary, BWAY Corporation is a leading North American supplier of general line rigid containers. The Company operates 22 plants throughout the United States and Canada serving industry leading customers on a national basis. Cautionary Note Regarding Forward-Looking StatementsThis document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements. Forward-looking statements include information concerning our liquidity and our possible or assumed future results of operations, including descriptions of our business strategies. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "seek," "will," "may" or similar expressions. These statements are based on certain assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate in these circumstances. As you read and consider this document, you should understand that these statements are not guarantees of performance or results. Many factors could affect our actual performance and results and could cause actual results to differ materially from those expressed in the forward-looking statements. Please refer to our filings with the United States Securities and Exchange Commission, for a discussion of other factors that may affect future performance or results. In light of these risks, uncertainties and assumptions, the forward-looking statements contained in this document might not prove to be accurate and you should not place undue reliance upon them. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.SOURCE BWAY Holding CompanyBWAY Parent Company, Inc. to be Acquired by Platinum Equity
Caterpillar Logistics Services Becomes Neovia
Home / News / Caterpillar Logistics Services Becomes Neovia
Chicago, IL -- November 1, 2012 – The business formerly known as Caterpillar Logistics Services today announced a new name and corporate brand identity, Neovia. Neovia provides third-party logistics solutions to the automotive, industrial, mining, aerospace and defense industries. Platinum Equity, a Los Angeles-based private equity firm, acquired a majority interest in the company from Caterpillar Inc. in July. Caterpillar retained a 35 percent equity stake. “The new name, which translates to ‘a new path,’ and our brand mark expresses our forward-thinking culture as we set off on that path,” said Neovia CEO Jos Opdeweegh. “The new visual identity, in which multiple geometric shapes are brought together in a simple, unified icon symbolizes the agility, flexibility and problem-solving capabilities the people of Neovia bring to our customers.” Mr. Opdeweegh was named CEO in August, has extensive experience in management and logistics in Europe, the Americas, and Asia. “As a world-class provider of value chain solutions, we help our customers face complex challenges every day. Neovia embraces that complexity, and works tirelessly to simplify logistics,” said Mr. Opdeweegh. “We know that success lies in a customer-centered approach. We will endeavor to create value and help our customers’ businesses perform even better.” The company specializes in service parts logistics, and also provides solutions for maintenance, repair and operations (MRO) and manufacturing logistics. “Neovia has a strong management team with a clear and compelling vision for the future,” said Platinum Equity Partner Jacob Kotzubei. “The company has a long tradition of providing outstanding service to customers in multiple industries around the world. Our long-term plan is to help Neovia expand its service offering and further diversify its reach. We are excited about the prospects for the business and are committed to helping it achieve its full potential.” Neovia has a global footprint with approximately 97 facilities and employees in 25 countries. The business was first established by Caterpillar in 1986.About Neovia: Neovia is the global, integrated logistics service provider for companies facing complex logistics challenges. Today, Neovia provides customer-centric supply chain solutions across six continents in key sectors including industrial, automotive, mining, maintenance, repair and operations (MRO), oil and gas, consumer durables, aerospace and defense, high tech and electronics, and health care. Neovia provides end-to-end supply chain solutions with specific expertise in value chain strategy, network design, and execution. The Neovia team creates and employs innovative technology and systems to provide customized services in management of warehouses, operations, inventory, and transportation, as well as inbound manufacturing, reverse logistics, and more. Visit www.neovialogistics.com About Platinum Equity:Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 140 acquisitions.###
BWAY Parent Company, Inc. to be Acquired by Platinum Equity
Home / News / Bway Parent Company Inc To Be Acquired By Platinum Equity
Atlanta, GA – BWAY Parent Company, Inc, a leading North American supplier of general line rigid containers through its primary operating subsidiary, BWAY Corporation, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion."We are very excited about this transaction with Platinum Equity. Platinum brings to BWAY a strong operational and strategic focus and a tremendous track record of value creation that we are convinced will help us achieve new levels of success," said Ken Roessler, BWAY's President and Chief Executive Officer. "We look forward to taking the next step in the evolution of our company."Mr. Roessler noted that business will continue as usual as all parties work toward a prompt closing of the transaction."BWAY is a world class packaging business with strong customer relationships and a proven management team," said Louis Samson, the Partner at Platinum Equity whose team led the acquisition. "We are excited to bring our operational capabilities to bear and to partner with the company's management team to build on BWAY's strong fundamentals."Under the terms of the agreement, Platinum Equity will acquire BWAY Parent Company, Inc. from funds managed by Madison Dearborn Partners, LLC via a merger. Senior executives of the company and a number of other employees will invest in the transaction alongside Platinum. The transaction is subject to customary closing conditions, including the expiration or earlier termination of the Hart-Scott Rodino waiting period. BWAY expects the transaction to close in the fourth quarter of 2012.The transaction will be financed through a combination of equity contributed by Platinum Equity along with certain members of management, and committed debt financing provided by Bank of AmericaMerrill Lynch and Deutsche Bank. Platinum Equity has informed BWAY Parent Company that it intends to keep BWAY Holding Company's existing 10% senior notes due 2018 outstanding and will comply with the indenture governing the notes, including by obtaining the consent of the majority of the holders to an amendment of certain provisions and/or making any required offer to purchase the notes upon a change of control. Platinum Equity has also informed BWAY Parent Company that it intends to refinance BWAY Parent Company's existing 10.125%/10.875% senior PIK toggle notes due November 2015 with proceeds of its debt financing.Goldman, Sachs & Co., Barclays and Deutsche Bank Securities, Inc. acted as financial advisors to BWAY and Kirkland & Ellis LLP was the company's legal advisor. Latham & Watkins LLP acted as legal advisor to Platinum Equity.About BWAY CorporationBWAY Corporation is a leading North American supplier of general line rigid containers. The Company operates 22 plants throughout the United States and Canada serving industry leading customers on a national basis.Cautionary Note Regarding Forward-Looking StatementsThis document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are subject to substantial risks, uncertainties and assumptions, including uncertainties associated with the proposed sale of BWAY Parent to affiliates of Platinum Equity, the anticipated timing of filings and approvals relating to the transaction, the expected timing of completion of the transaction, the ability of third parties to fulfill their obligations relating to the proposed transaction and the ability of the parties to satisfy the conditions to closing of the merger agreement to complete the transaction. You should not place reliance on these statements.In light of these risks, uncertainties and assumptions, the forward-looking statements contained in this document might not prove to be accurate and you should not place undue reliance upon them. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.SOURCE BWAY Parent Company, IncPlatinum Equity Completes Acquisition of BWAY Parent Company, Inc.
Hilton Worldwide Recognizes 2011 Hotel Development Award Winners for North America
Home / News / Hilton Worldwide Recognizes 2011 Hotel Development Award
MCLEAN, VA - Hilton Worldwide today announced the winners of its annual development awards for North America in the categories of Lifetime Achievement, Developer of the Year, Best Conversion, Deal of the Year and Outstanding Achievement. Recipients are awarded based on criteria that includes unique hotels developed, total number and quality of hotels, impact on community and fastest construction time."Our success is due, in part, to the critical contributions and support of our hotel owners," said Craig Mance, senior vice president, North American development, Hilton Worldwide. "Their commitment and vision helps us to deliver the light and warmth of hospitality to our guests, and we are proud to recognize their achievements."The Franchise Development Owner Awards Program, which was launched in 2002, underscores the company's commitment to supporting the development of its brands and the success of its hotel owners.The following hotel developers and properties have been awarded the top recognition by Hilton Worldwide for producing premier quality hotels in 2011:LIFETIME ACHIEVEMENTMichael V. Harrell, Vista Host, Inc. for multiple Hilton-branded propertiesDEVELOPER OF THE YEARDoubleTree by Hilton: Mark Wiesenthal, Platinum Equity for DoubleTree by Hilton- Bloomington Minneapolis South, MNEmbassy Suites: Alpesh K. Patel, Kana Hotel Group for Embassy Suites - Knoxville West, TNMulti-Brand: Stephen J. Giblin, SilverBirch Hotels & Resorts for multiple Hilton-branded propertiesHampton Hotels: Corry Oakes, OTO Development for Hampton Hotels - New York/Times Square Central & Hampton Inn - Washington, D.C/H. Street NWHilton Garden Inn: Barry Sternlicht, Chairman & CEO, Starwood Capital Group for Hilton Garden Inn - for multiple HGI-branded propertiesHomewood Suites by Hilton: M. Rogers and Michael V. Harrell, West End Avenue, LLC for Homewood Suites by Hilton - Nashville Vanderbilt, TNHome2 Suites by Hiltons: Joseph R. Scuderi & William S. Holstein, The Widewaters Group for Home2 Suites by Hilton - Pittsburgh/McCandless, PABEST CONVERSIONDoubleTree by Hilton: David Abraham, Vail Summit Resorts for DoubleTree by Hilton - The Great Divide Lodge at DT HotelEmbassy Suites: Thomas Baltimore, RLJ Lodging Trust for Embassy Suites - West Palm Beach Central, FLHampton Hotels: Greg Merage, MIG Real Estate for Hampton Hotels - Jackson Hole, WYHilton Garden Inn: Thomas Baltimore, RLJ Lodging Trust for Hilton Garden Inn - Raleigh Durham RTP, NCDEAL OF THE YEARHilton Hotels & Resorts: Albany Hotel TRS, LLC for Hilton Hotels & Resorts - Albany, NYDoubleTree by Hilton: Creighton Schneck, Capital Hospitality for DoubleTree by Hilton - Philadelphia - Valley Forge, PAHampton Hotels: Julian MacQueen, Innisfree Hotels for Hampton Hotels - Orange Beach/Gulf Shores, ALHilton Garden Inn: John L. Williams, Diamond Rock Hospitality for Hilton Garden Inn - New York/Times Square South, NYHomewood Suites by Hilton: Mark G. Carrier, B.F. Saul Company for Homewood Suites by Hilton - Arlington Rosslyn-Key Bridge, VAHome2 Suites by Hilton: S. Jay Patel, North Point Hospitality Group for Home2 Suites by Hilton - Nashville Vanderbilt, TNOUTSTANDING ACHIEVEMENTDoubleTree by Hilton: Lynn Leany, Trism III for DoubleTree by Hilton - The Grand Lodge at Brian Head, UTHampton Hotels: E. Philip Saunders and Serge Lussi, The Hotel at Mirror Lake, Inc. for Hampton Inn & Suites - Lake Placid, NYHilton Garden Inn: DJ Rama, JHM Hotels for Hilton Garden Inn - Orlando I-Drive Convention Center, FLHomewood Suites by Hilton: Allan V. Rose, AVR Realty Company for Homewood Suites by Hilton - Carle Place/Westbury, NYHome2 Suites by Hilton: Daniel A. Klingerman, Liberty Hospitality Partners for Home2 Suites by Hilton - Williamsport, PAAbout Hilton WorldwideHilton Worldwide is a leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For 93 years, Hilton Worldwide has offered business and leisure travelers the finest in accommodations, service, amenities and value. The company is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Its brands are comprised of more than 3,900 hotels and timeshare properties, with 640,000 rooms in 91 countries and include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Hilton Hotels & Resorts, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages the world-class guest reward program Hilton HHonors(R). Visit www.hiltonworldwide.com for more information and connect with Hilton Worldwide at www.facebook.com/hiltonworldwide, www.twitter.com/hiltonworldwide, www.youtube.com/hiltonworldwide, www.flickr.com/hiltonworldwide and www.linkedin.com/company/hilton-worldwide.SOURCE: Hilton Worldwide
Clipper Windpower
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Clipper Windpower Corporate Divestiture Active Industrials North America Electrical Equipment Provider of wind turbine components and services Company Overview Clipper Windpower supports Liberty 2.5MW wind turbine fleets by providing OEM knowledgeable gearbox and component part refurbishment services and maintains a full line of wind turbine service parts.Clipper has customer sites in the United States and Mexico and a manufacturing plant in Cedar Rapids, Iowa Transaction Description Acquired in August 2012 Years in Business 20+ 4601 Bowling Street SW, Cedar Rapids, IA 52404 United States www.clipperwind.com Provider of wind turbine components and services Company Overview Clipper Windpower supports Liberty 2.5MW wind turbine fleets by providing OEM knowledgeable gearbox and component part refurbishment services and maintains a full line of wind turbine service parts.Clipper has customer sites in the United States and Mexico and a manufacturing plant in Cedar Rapids, Iowa Years in Business 20+ Transaction Description Acquired in August 2012 4601 Bowling Street SW, Cedar Rapids, IA 52404 United States www.clipperwind.com Latest Article How commitment and resources drive Platinum Equity’s European momentum July 18, 2022 Platinum executives explain how they execute European strategy that has driven nearly $6 billion in total transactions since June 2020The ability to execute European-headquartered global, pan-European, and domestic complex de... Read More Latest Article Platinum Equity to Acquire Majority Interest in Global Intimate Apparel Company Hop Lun June 20, 2022 Investment in Hong Kong-based lingerie and swimwear company led by Platinum’s Singapore investment team LOS ANGELES and SINGAPORE, June 20, 2022 — Platinum Equity announced today the signing of a definitive agreement t... Read More Latest Article Solenis’ ‘commitment to people, resilient culture’ receives WSJ recognition June 15, 2022 When Platinum Equity announced the $5.25 billion acquisition of Solenis, the firm was highly complementary of the water treatment chemistry company’s leadership. “It is an exceptionally well-run organization with an ou... Read More previous Next Our Portfolio Explore the full Platinum Equity portfolio of companies by transaction type, industry, location or ownership status. BROWSE NOW
Caterpillar Completes Sale of Third-Party Logistics Business to Platinum Equity
Home / News / Caterpillar Completes Sale Of Third Party Logistics Business
Peoria, Ill. – Caterpillar Inc (NYSE: CAT) and Platinum Equity announced today that Platinum Equity’s acquisition of a majority interest in Caterpillar Logistics Services has been completed. Caterpillar will retain a 35 percent equity stake in the business. The overall transaction is valued at approximately $750 million.Caterpillar Logistics Services is the third party logistics division of Caterpillar’s wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). Platinum intends to establish the business as a standalone company under a new brand that will be announced at a later date.“The sale of the third party logistics business was driven by the strategic focus on the significant growth opportunities in our company’s core businesses,” said Steve Larson, vice president of Caterpillar and chairman and president of Cat Logistics. “We are very proud of the outstanding team that has delivered value to customers around the world for more than 25 years, and believe that in Platinum Equity we have picked the right partner to ensure strong growth and continued success for the business going forward.” Platinum Equity Partner Jacob Kotzubei is excited about the prospects for the business under new ownership."Caterpillar Logistics Services has tremendous opportunity ahead of it, with dedicated employees, a rich history of innovation and a compelling customer value proposition,” said Kotzubei. "We look forward to building on that tradition while establishing a new identity and propelling the company to new levels of success."A team that includes Platinum in-house operations specialists is focused on transitioning the newly acquired business. A rebranding initiative is underway, and a new corporate name and image will be announced as that process unfolds."It is with great confidence and excitement that our business begins our new journey today. I look forward to expanding our service offerings and continuing to provide world class, innovative logistics solutions to our current and future clients," said Dan Spellman, president and chief operating officer of Caterpillar Logistics Services LLC. “I am excited to work with Platinum Equity as our new majority owners. Their expertise executing seamless corporate carve-outs and their commitment to operational excellence will be great assets to our company.”The sale does not impact Caterpillar manufacturing logistics and transportation operations or Cat brand parts distribution. These services will continue as core businesses within Cat Logistics. As part of the sale to Platinum Equity, the divested third party logistics business will continue to provide logistics services for non Cat branded parts including FG Wilson, Perkins, Solar, as well as for Caterpillar Japan.About Platinum EquityPlatinum Equity is a global M&A&O® firm specializing in the merger, acquisition, and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing, and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 130 acquisitions.About CaterpillarFor more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: https://www.caterpillar.com.
Image Sensors from Truesense Imaging Enable Mars Science Laboratory To Capture High Definition Images From Mars
Home / News / Image Sensors From Truesense Imaging Enable Mars Science
Rochester, NY – When NASA's Mars Science Laboratory (MSL) rover Curiosity lands on Mars this weekend, image sensors from Truesense Imaging will be on board to capture high definition color images from the surface of the Red Planet.Curiosity, scheduled to land during the early morning hours of August 6 (U.S. Eastern time), is designed to assess whether Mars ever had an environment able to support life by deploying the most advanced set of scientific instruments ever sent to the planet. As part of that instrument suite, all four science cameras on the rover are designed using image sensors from Truesense Imaging to capture high resolution color images of the planet."Time and again, image sensors from Truesense Imaging have performed under the most demanding conditions," said Chris McNiffe, CEO of Truesense Imaging, Inc. "Going to Mars as part of this mission is a testament to the teams who design and manufacture our image sensors, and who make this level of quality and performance available to all of our customers.""As with all our spaceflight cameras, these cameras for Curiosity have to take high quality images under very challenging conditions," said Michael Ravine, Advanced Projects Manager at Malin Space Science Systems. "Based on our past experience with Truesense Imaging CCDs‚ we've used them on eight different deep space cameras before MSL‚ we knew they would provide the performance and reliability we needed for a multi-year Mars surface mission. We're looking forward to receiving the first color images of the spectacular Gale Crater landing site."Four different cameras on Curiosity use the KAI-2020 Image Sensor to capture high resolution images of Mars during this mission: The Mars Descent Imager (MARDI) will be active during the rover's descent, capturing hundreds of natural color images of the planet's surface to provide an initial visual framework of the landing site for early operations. The Mars Hand Lens Imager (MAHLI) will capture close-up color images of Martian rocks and surface material at a resolution of up to 14.4 Œºm per pixel‚ enough to detect an object smaller than the width of a human hair. The Mast Camera (MastCam), the imaging "workhorse" of the rover, will capture high resolution color images of the terrain explored by the rover. This system is comprised of two separate cameras that use lenses of different focal lengths, allowing detailed images to be captured of objects both near to and far from the rover. As an example, MastCam-100, which uses a 100 mm lens to capture images far from the rover, can detect an object about the size of 2 golf balls from a distance of 1 km.All four of these cameras are based on the KAI-2020 Image Sensor, a 2 megapixel (1600 x 1200 pixel) Interline Transfer CCD that provides high dynamic range, low dark current, and electronic shutter with precise exposure control. The cameras all capture images in full color at over 4 full resolution images per second, while the MastCam cameras can provide full-color 720p high definition video (1280 x 720 pixels) at 6 fps, well beyond the capabilities of the cameras used on prior missions to Mars.Curiosity is the second Mars rover to use image sensors from Truesense Imaging. In 1997, KAI-0371 Image Sensors served as the "eyes" of Mars Pathfinder's Sojourner, the first rover to explore the surface of Mars. Today, image sensors from Truesense Imaging are used in three different orbiters around Mars, as well as orbiters around both Venus and the Moon. In addition, a KAI-2020 Image Sensor is currently en route to Jupiter as part of the Juno mission, which will provide 3-color images of the planet from orbit when it arrives in 2016.For additional information, please contact Truesense Imaging at (585) 784-5500 or info@truesenseimaging.com. For information on Truesense Imaging's full line of high performance image sensors, please visit www.truesenseimaging.com. Visit our blog at truesenseimaging.com/blog.About Truesense Imaging, Inc.Truesense Imaging, Inc. is a leading provider of high-performance image sensors serving the machine vision, traffic, surveillance, medical, photography, and scientific imaging applications. With 40 years experience in the design, development, and manufacturing of high-performance image sensors, Truesense Imaging is uniquely positioned to offer the broadest sensor portfolio with an outstanding combination of resolution, frame rates, and performance, making them ideally suited for the world's most demanding imaging applications.
Schutt Sports' Helmets: Protecting the Yolk
Home / News / Schutt Sports Helmets Protecting The Yolk
With player safety a leading concern among football players at all levels of play, Pro Football Weekly devoted an in-depth three-part article to the football helmet industry: manufacturing challenges, the major industry players, and NOCSAE (National Operating Committee on Standards for Athletic Equipment) testing. Platinum Equity portfolio company Schutt Sports is one of the four companies profiled for its innovative approach to impact absorption and its TPU Cushioning.Concussion prevention is among the NFL's primary concerns, an issue being taken seriously by NFL Commissioner Roger Goodell. Helmet manufacturers are working to improve their products and to better protect players' heads, and Schutt helmets—worn by over 30 percent of NFL players, making it the second-most popular helmet in the NFL—are designed to perform optimally in three key areas: impact absorption, strength and weight, and air flow (for cooling)."We believe we have the most dynamic and best-performing protective system on the field," said Glenn Beckman of Schutt Sports. The TPU Cushioning used by Schutt in helmets since 2003 is better at "absorbing impact more consistently than traditional foam padding," Beckman explained. Schutt is now manufacturing its fourth generation of helmets using TPU Cushioning.Article Part 1 »Article Part 2 »Article Part 3 »
Keystone Automotive Operations Announces Opening of Portland, Oregon Warehouse Operations
Home / News / Keystone Automotive Operations Announces Opening Of Portland
Exeter, PA – Keystone Automotive Operations, Inc. announced today that the company is again expanding its operations, in order to serve its customers better in the Pacific Northwest and Western Canada. The company has been very actively growing over the past few years and will be opening its fifth warehouse in the Portland Metropolitan Area. As part of Keystone's recent acquisition of NTP Distribution, Inc. (a leading Wholesale Distributor of aftermarket RV products, parts and accessories), Keystone is now able to supply automotive products from this major location.Keystone's leadership is very enthusiastic about this expanded capability. "We have made significant investments like this in our business in combination with the expansion of cross-dock operations and truck runs and we look forward to providing better service for our customers," said Keystone's VP of Operations, Chris Koshinski. "These improvements will certainly offer a new and stronger value proposition to the performance automotive market's customers in the Pacific Northwest," said, Christopher Patti, VP of US Sales. "All this leads to increased service level and inventory positions which will enable us to retain and increase our ever growing Western customer base," said, Ralph Ruzzi, VP of Canada Sales.About Keystone AutomotiveKeystone Automotive Operations, Inc. and its affiliates are wholesale distributors and retailers of aftermarket automotive accessories and equipment, servicing customers in all regions of the United States and provinces of Canada, as well as various other international locations. The Company's five warehouses and fleet of over 300 trucks provide multi-day per week delivery and returns to the 48 contiguous states and 9 provinces of Canada. Keystone sells and distributes specialty automotive products, including accessories, trim items, wheels, tires and suspension parts, and high performance parts to approximately 15,000 customers. The Company is headquartered in Exeter, PA.For more information about Keystone Automotive Operations, Inc., visit Keystone AutomotiveAbout NTP Distribution, Inc.NTP Distribution, Inc. is a national provider of quality aftermarket products, parts, and accessories for dealers in the recreational vehicle and hitch and tow industries. Wallace J. Lewis founded the company in 1962 as Northwest Trailer Parts. Today the company has 200 employees, 5 distribution centers across the U.S. NTP's corporate headquarters is located in Wilsonville, OR.
