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Platinum Equity Company Alliance Entertainment Acquires Edge Entertainment Distribution

Coral Springs, FL – Platinum Equity and The Gores Group announced today that Alliance Entertainment has acquired EDGE Entertainment Distribution, a wholesale distributor of pre-recorded music and movie titles, related accessories and other products. EDGE primarily serves independent music retailers, public libraries and college book stores. Financial terms of the EDGE acquisition were not disclosed. […]

American Commercial Lines Awarded Membership in the Louisiana Environmental Leadership Program

JEFFERSONVILLE, IN – American Commercial Lines Inc. announced today that it has been awarded membership in the Louisiana Environmental Leadership Program (ELP). Membership in the voluntary program, led by the Louisiana Department of Environmental Quality, is awarded to businesses, federal entities, municipalities, and academic and community organizations based upon commitment to the program’s core principles and […]

San Diego Union-Tribune: Mission Valley Makeover

SD Metro Magazine features The San Diego Union-Tribune on its March, 2011 cover, highlighting the venerable newspaper’s new life since being acquired by Platinum Equity. Citing the tough challenges faced by the Union-Tribune and Platinum since the acquisition, SD Metro reports publisher Ed Moss and editor Jeff Light appear to have no doubts about the […]

Platinum Equity Acquires Nampak Cartons and Healthcare Packaging Business in Europe

Los Angeles, CA  —Platinum Equity announced today that it has completed the acquisition of Nampak Cartons and Nampak Healthcare from South Africa-based Nampak Limited [JSE:NPK]. Nampak Cartons produces cartons for the food and beverage sectors from two sites in the United Kingdom and one in Holland. Nampak Healthcare manufactures cartons, leaflets, labels, and blister pack […]

Schutt Sports: Business Booming for Once-Troubled Company

Since being acquired by Platinum Equity, business at Schutt Sports is booming. Acquired by Platinum Equity out of a lengthy and troubling bankruptcy, the re-energized company is refocused on its core businesses of manufacturing and reconditioning sports safety equipment, including football helmets. Emerging from the uncertainty of bankruptcy, the Schutt Sports helmet reconditioning facility recently […]

Platinum Equity Company Schutt Sports Gets Boost

Schutt Sports, now part of the Platinum Equity portfolio, is reported by the St. Louis Post Dispatch to be poised to regain its footing after a lengthy bankruptcy triggered by a patent dispute. Acquired by Platinum in December 2010, Schutt Sports  makes sports safety equipment such as helmets worn by a third of all NFL […]

Platinum Equity Company Ulticom Names Bruce Swail CEO

Mt Laurel, New Jersey – Ulticom, Inc. today announced the appointment of Bruce D. Swail as Chief Executive Officer (CEO), effective immediately. Ulticom is a premier provider of signaling software that enables telecommunications network equipment and service providers to deploy services within wireless, IP, and wireline networks. Ulticom was acquired by Platinum Equity in December […]

Acument Keeps Operations in Metro Detroit, 50 Hires Planned This Year

DETROIT, MI (metromode)–The transformation of Acument over the past few years typifies what Detroit auto suppliers experienced: loss of work and shrinking operations. Today, however, Acument is a promising sign of things to come. Acument, a Platinum Equity portfolio company,  recently struck a deal with the Michigan Economic Development Corp to expand its Sterling Heights, […]

Robert Klap Joins Platinum Equity as Principal

LOS ANGELES, CA – (Marketwire) – Platinum Equity announced today that Robert Klap will join the firm as a principal based in London, where he will assist the firm’s investor relations, capital raising and deal origination programs. Most recently, Mr. Klap was an executive at UBS in London, responsible for managing private equity fund investments […]