Contego Packaging Agrees to the Sale of its European Cartons Business to Graphic Packaging

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 […]

Platinum Equity Completes Acquisition of BWAY Parent Company, Inc.

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 […]

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 […]

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 […]

Hilton Worldwide Recognizes 2011 Hotel Development Award Winners for North America

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 […]

Caterpillar Completes Sale of Third-Party Logistics Business to Platinum Equity

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 […]

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 […]

Diversified Machine Announces New Leadership

Wixom, MI – Diversified Machine Inc. (DMI), a vertically-integrated supplier of fully engineered chassis and powertrain components and modules to the automotive industry, today announced the appointment of Robert J. Remenar as CEO. Mr. Remenar, 56, replaces former DMI Chairman and CEO Bruce Swift who stepped down in March. “We conducted a thorough and comprehensive […]