Platinum Equity Completes Sale of BWAY to Stone Canyon Industries
LOS ANGELES (August 16, 2016) – Platinum Equity announced today that the sale of BWAY Corp. to Stone Canyon Industries, LLC for $2.4 billion has been completed. BWAY is a North American manufacturer of rigid metal and plastic containers used to package industrial, bulk food and retail goods. Platinum Equity acquired BWAY in 2012. In […]
Platinum Equity Completes Acquisition of Electro Rent
LOS ANGELES – August 10, 2016 – Platinum Equity announced today it has completed the acquisition of Electro Rent Corporation for approximately $382 million, which represents a purchase price of $15.50 per share of Electro Rent common stock. Electro Rent previously traded on the Nasdaq Global Select Market under the ticker symbol “ELRC.” After the […]
Emerson Reaches Agreement to Sell Network Power for $4 Billion to Platinum Equity
Transaction is a significant step in the previously announced strategic portfolio repositioning; Cash proceeds strengthen balance sheet and provide increased financial flexibility ST. LOUIS, August 2, 2016 – Emerson (NYSE: EMR) today announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion and […]
Avery Dennison Completes Acquisition of European Business of Mactac from Platinum Equity
GLENDALE, Calif. — Avery Dennison (NYSE:AVY) today announced it had completed the acquisition of the European business of Mactac from Platinum Equity, a California-based private equity firm, for the purchase price of €200 million including assumed debt. Mactac’s manufacturing facility in Soignies, Belgium, along with sales offices and warehouses in Europe and Asia, are now […]
Platinum Equity Completes Sale of Maxim Crane
LOS ANGELES, CA – (August 01, 2016) – Platinum Equity announced today it has completed the sale of Maxim Crane Works (“Maxim”) to funds managed by affiliates of Apollo Global Management, LLC. Financial terms of the transaction were not disclosed. Maxim is a leading provider of specialized crane and lifting solutions throughout North America. Founded […]
Platinum Equity Completes Acquisition of JM Swank
LOS ANGELES, CA – July 25, 2016 – Platinum Equity announced today it has completed the acquisition of JM Swank from ConAgra Foods, Inc. (NYSE: CAG). Financial terms were not disclosed. JM Swank is a national, full-line food ingredient distributor that operates a network of distribution centers and warehouses across the United States. “We are […]
Gores Small Capitalization Partners and Platinum Equity Invest in Data Blue
LOS ANGELES–Gores Small Capitalization Partners and Platinum Equity announced that they have invested in Data Blue. Founded in 2011, Data Blue delivers customized storage, backup and server virtualization and consolidation solutions to enterprise customers in North America. Financial terms of the investment were not disclosed. “We are excited to partner with Gores and Platinum Equity […]
Platinum Equity to Sell BWAY to Stone Canyon Industries
LOS ANGELES (June 13, 2016) – Platinum Equity and Stone Canyon Industries, LLC announced today that they have signed a definitive agreement for Platinum Equity to sell BWAY Corp. to Stone Canyon Industries LLC for $2.4 billion. BWAY is a North American manufacturer of rigid metal and plastic containers used to package industrial, bulk food […]
Conagra Foods to Sell JM Swank to Platinum Equity
OMAHA, Neb. and LOS ANGELES–(BUSINESS WIRE)–DATE, 2016– ConAgra Foods, Inc. (NYSE: CAG) and Platinum Equity, a California-based private equity firm, today announced that they have entered into a definitive agreement for Platinum Equity to acquire ConAgra Foods’ JM Swank business, a national food ingredient sourcing and distribution company. Terms of the deal were not announced. “Our […]
Platinum Equity to Sell MetoKote to PPG
LOS ANGELES, CA (June 8, 2016) – Platinum Equity today announced the signing of a definitive agreement to sell MetoKote to PPG (NYSE:PPG). MetoKote is a U.S.-based provider of industrial coating services. Financial terms were not disclosed. The pending transaction is subject to customary closing conditions and is expected to close in the third quarter […]
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