Platinum Equity and Butterfly to Acquire Rise Baking Company
Leading operational private equity firms partner to accelerate Rise’s next chapter of growth LOS ANGELES, CA – Sept...
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Press Releases • August 16, 2016
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 January 2013 BWAY acquired Ropak, a complementary producer of rigid plastic containers. “BWAY is a fundamentally strong business that is poised for continued growth going forward,” said Platinum Equity Partner Louis Samson. “We are proud of everything...
Read morePress Releases • August 10, 2016
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 close of the Nasdaq Global Select Market on August 10, 2016, trading of Electro Rent’s common stock ceased and the listing of Electro Rent’s common stock was suspended. The agreement followed the unanimous recommendation of Electro R...
Read morePress Releases • August 02, 2016
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 Emerson will retain a subordinated interest in Network Power. The sale of Network Power is expected to close by December 31, 2016, subject to customary regulatory approvals. “This agreement marks a major milestone in ...
Read morePress Releases • August 02, 2016
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 part of Avery Dennison’s global footprint. Export sales will continue to serve customers in South America, Asia Pacific, the Middle East, and North Africa. The transaction excludes the Mactac business in the U.S...
Read morePress Releases • August 01, 2016
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 in 1966, the company serves more than 7,500 customers via a network of 31 locations throughout the United States."We are proud of the way Maxim grew and evolved under our ownership," said Platinum Equity Partner Louis Samson. "The company's success ...
Read morePress Releases • July 25, 2016
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 excited about the prospects for JM Swank and look forward to working with management to support the company's long-term strategy," said Platinum Equity Principal Adam Cooper. "We believe it is a strong platform for growth, both organically and throug...
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