Platinum Equity to Acquire Solo, European Provider of Personalizable Products and Apparel
Co-President Louis Samson: Firm’s ‘approach to value creation’ makes good fit with Solo.
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March 01, 2018
Platinum Equity Announces Acquisition of Lentz Milling Company
LOS ANGELES – (March 1, 2018) – Platinum Equity today announced the acquisition of Lentz Milling Company. Financial terms of the transaction were not disclosed. Lentz, based in Reading, Pennsylvania, provides food ingredient distribution services to food manufacturers, commercial bakeries, retail bakeries, and other customers throughout 10 states in the Mid-Atlantic and Northeast regions. The company primarily distributes bakery-related products such as flour, sugar and sweeteners, bakery mixes, shortenings and fillings. Lentz is combining with JM Swank, which Platinum Equity acquire...
Read moreMarch 16, 2018
Platinum Equity Submits Binding Offer to Acquire LifeScan from Johnson & Johnson
LOS ANGELES (March 16, 2018) – Platinum Equity announced today that it has submitted a binding offer to acquire LifeScan, Inc. from Johnson & Johnson (NYSE: JNJ) in a transaction valued at approximately $2.1 billion. LifeScan is a leader in blood glucose monitoring products with 2017 net revenue of approximately $1.5 billion. “We have great respect for Johnson & Johnson and appreciate their confidence in our ability to execute,” said Platinum Equity Chairman and CEO Tom Gores. “This is an important investment for us in a business that serves millions of patients around the w...
Read moreMarch 29, 2018
Platinum Equity Completes Acquisition of Husky Injection Molding Systems
LOS ANGELES (March 29, 2018) – Platinum Equity announced today that it has completed the acquisition of Husky Injection Molding Systems from Berkshire Partners and OMERS Private Equity for $3.85 billion. Based in Bolton, Ontario, Husky is a global supplier of highly engineered injection molding equipment and services for the plastic injection molding equipment industry, and a leading provider of PET systems, hot runners, aftermarket tooling, medical molds, and specialty closure molds. Husky’s state-of-the-art manufacturing equipment is delivered to a wide range of customers in variou...
Read moreApril 09, 2018
Platinum Equity Announces American Traffic Solutions Acquisition of Euro Parking Collection
LOS ANGELES (April 9, 2018) –Platinum Equity today announced the acquisition of Euro Parking Collection plc (EPC) by Platinum Equity portfolio company American Traffic Solutions (ATS). Financial terms of the transaction were not disclosed, but certain seller shareholders will become shareholders of the combined group. Euro Parking Collection plc (EPC) specializes in the identification, notification and collection of unpaid traffic and public transport related fees, charges and penalties issued to foreign registered vehicles or rental vehicles with foreign or non-resident hirers (FRV) acro...
Read moreApril 30, 2018
Platinum Equity to Acquire Pitney Bowes’ Global Production Mail Business
Stamford, CT., April 30, 2018 – Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of shipping and mailing, data, and ecommerce, today announced that Platinum Equity has signed a definitive agreement to acquire the Company’s Document Messaging Technologies (DMT) production mail business and supporting software for $361 million, subject to certain adjustments. The company anticipates proceeds from the sale of approximately $270 million, net of estimated closing costs, transaction fees and taxes. Pitney Bowes expects to use the majority...
Read moreMay 01, 2018
Platinum Equity Completes Acquisition of American & Efird
LOS ANGELES (May 1, 2018) – Platinum Equity announced today that it has completed the acquisition of American & Efird (A&E) from an affiliate of KPS Capital Partners, LP. Financial terms were not disclosed. Headquartered in Mt. Holly, North Carolina, A&E is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. A&E thread is used by producers of apparel, automotive components, home furnishings, medical supplies, footwear and certain indus...
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