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Platinum Equity Company Ryerson Expands into South America

Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America and China, announced today that it has expanded into South America for the first time by acquiring a 50% stake in Açofran Aços e Metais LTDA (“Açofran”), a steel service center based in São Paulo, Brazil. Financial terms of the […]

Platinum Equity Company Data2Logistics Global Expansion Increases in Europe

Fort Myers, FL – Global freight bill advisor and processor Data2Logistics announces additional representation in Europe as a component of the company’s further global expansion, increasing the company’s continental footprint. Included in Data2Logistics’s European expansion are Jos van der Meulen and Johan Kool as Business Development Managers in the Benelux region, Reinhold Säckl as Country […]

Platinum Equity Company Truesense Imaging Announces Company Name as an Independent Operation

Rochester, NY – Truesense™ Imaging, a leading provider of high-performance image sensors for commercial, industrial, and professional imaging applications, today formally announced its new corporate identity. Formerly the Image Sensor Solutions (ISS) division of Eastman Kodak Company, Truesense Imaging was acquired by Platinum Equity through a transaction with Kodak that closed on November 7, 2011 […]

Platinum Equity to Acquire DMS Health Care Technologies

Los Angeles, CA – Platinum Equity announced today that it has signed a definitive agreement to acquire DMS Health Technologies from Otter Tail Corporation. Platinum did not disclose terms of the agreement. The transaction is subject to regulatory approval and certain closing conditions. “DMS Health Technologies has a great reputation and we share the company’s […]

Platinum Equity Completes Sale of 3B

Los Angeles, CA – Platinum Equity announced today it has completed the sale of 3B – The Fibreglass Company (“3B”) to Binani Industries Limited. Platinum did not disclose terms of the agreement. Headquartered in Battice, Belgium, 3B is a European leader in the production of fiberglass composite materials and is a preferred supplier to global […]

Platinum Equity Sells Canvas Systems to Avnet

Los Angeles, CA  – Platinum Equity announced today that it sold Canvas Systems to Avnet, Inc. (NYSE:AVT). Canvas is an independent supplier of IT hardware and services. Terms of the transaction were not disclosed. Platinum acquired controlling interest in Canvas in 2009 from OHC, LLC. OHC retained a minority interest in Canvas under Platinum’s ownership […]

Platinum Equity Company Schutt Sports Becomes First Million-Dollar Corporate Sponsor of Elite Football League of India

As reported by The Dallas Morning News, Platinum Equity portfolio company, Schutt Sports, maker of American-style football helmets and face guards, has become the first million-dollar corporate sponsor of the Elite Football League of India (EFLI). The company’s president and CEO, Robert Erb, stated, “We’re obviously excited about putting the game’s best helmets and equipment […]

Platinum Equity Acquires Keen Transport

Los Angeles, CA – Platinum Equity announced today that it has acquired Keen Transport Company, which includes Keen Transport, Inc. and Cressler Trucking, Inc. Keen Transport is a national provider of heavy-haul logistics and transportation services for the construction, mining, and agriculture equipment markets. Cressler Trucking is a general commodity carrier that provides packaged goods […]

Platinum Equity Company Ryerson Acquires Turret Steel

Chicago, IL – Ryerson Inc., a leading distributor and processor of metals in North America, announced today that it has acquired Turret Steel Industries, Inc. and Sunbelt-Turret Steel, Inc., steel service centers headquartered in Pittsburgh. The acquisition also includes Turret-affiliated companies Wilcox Steel and Imperial Logistics. Turret and its affiliates generate annual revenues of approximately […]