LOS ANGELES (Nov. 7, 2014) – Platinum Equity today announced it has completed the acquisition of the global Pressure Sensitive Materials business known as “MACtac” from Bemis Company, Inc. (NYSE:BMS).
MACtac is a manufacturer and distributor of pressure sensitive labels with manufacturing locations in North America and Europe and sales offices and distribution centers in North America, Europe and Asia. The company’s products are used in a wide range of industries including label printing, graphic design, packaging, digital imaging, retail display, fleet graphics, assembly engineering, automotive assembly, and medical device assembly.
Platinum Equity partner Louis Samson said the focus now is on ensuring a seamless transition and supporting MACtac’s long-term strategic plan.
“MACtac is a great business with innovative products, dedicated employees and strong customer relationships. We look forward to working with MACtac to pursue new growth initiatives, both organically and through prospective add-on acquisitions,” said Mr. Samson. “We will ensure MACtac has all the tools it needs to achieve new levels of success as a standalone company.”
Platinum Equity has a highly specialized focus on business operations and 19 years of experience owning and operating businesses that have been acquired from large corporate parent companies. Transactions Platinum Equity has completed over the last two years include carve outs from AP Moeller Maersk, CBS, Emerson, and Volvo.
Goldman, Sachs & Co. acted as financial advisor and Baker & McKenzie LLP acted as legal counsel to Bemis Company. Latham & Watkins acted as legal counsel to Platinum Equity.
About Platinum Equity
Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy the firm calls M&A&O – acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals and other industries. Over the past 19 years Platinum Equity has completed more than 150 acquisitions.