International Textile Group Acquired By Platinum Equity
October 24, 2016, Greensboro, NC – International Textile Group, Inc. (ITG or the Company) announced today that it has been acquired by Platinum Equity through a completed merger with an affiliate of Platinum Equity. In the merger transaction, a newly formed Platinum Equity affiliate merged with and into ITG, with ITG continuing as the surviving […]
Platinum Equity to Sell MACtac North American Business to LINTEC
LOS ANGELES (Oct. 24, 2016) – Platinum Equity announced today it has signed a definitive agreement to sell Mactac Americas, LLC, to LINTEC Corporation in a transaction valued at approximately $375 million. The sale is expected to be completed during Q4 2016. LINTEC, headquartered in Tokyo, is a manufacturer of adhesive-related products with operations in […]
Platinum Equity Acquires Fabcon
LOS ANGELES (September 6, 2016) – Platinum Equity announced today it has acquired Fabcon, a manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications, from affiliates of the company’s founders. Financial terms of the transaction were not disclosed. Fabcon is headquartered in Savage, Minn., and has four manufacturing facilities located in Kansas, Minnesota, […]
Platinum Equity to Acquire Chinese Manufacturing Businesses from Broadway Industrial Group Limited
Investment Marks Platinum Equity’s Second Asian Headquartered Acquisition in Less Than 18 Months LOS ANGELES (Aug. 22, 2016) – Platinum Equity today announced it has signed a definitive agreement to acquire the Foam Plastic Solutions (“FPS”) and Flow Control Devices (“FCD”) businesses of Broadway Industrial Group Limited. FPS is a leading supplier of protective packaging, […]
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 […]
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