Centerfield Acquires Digital Commerce Platform ConsumerVoice
Platinum execs remain focused on strategic acquisitions and expansion into new channels.
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February 24, 2012
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 transaction were not disclosed. “We continue exploring ways to expand our global footprint and diversify our portfolio,” said Ryerson President and CEO Mike Arnold. “Brazil is a large and growing market and this investment provides Ryerson an important foothol...
Read moreFebruary 23, 2012
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 Manager in Germany and Peter Hodgson as Country Manager in the UK. Each will be presenting Data2Logistics' transportation cost-savings portfolio of freight bill auditing, processing payment, and advisory...
Read moreFebruary 07, 2012
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 and Truesense is now operating as an independent company. Truesense Imaging, as part of the Platinum Equity portfolio, will continue to provide the industry's broadest range of image sensor devic...
Read moreFebruary 06, 2012
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 commitment to the highest levels of customer service,” said Brian Wall, the partner at Platinum Equity whose team is leading the DMS acquisition. “We look forward to working with the company’s highly-qualified employees, v...
Read moreFebruary 01, 2012
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 leaders in the automotive, wind energy, and other industries. Platinum acquired the manufacturing plants, intellectual property, and other assets that would become 3B from Owens Corning in April 2008. "We are pleased to complete the sale of 3B to...
Read moreJanuary 31, 2012
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 and has also sold its position to Avnet in connection with the transaction announced today. “We are proud of what we accomplished at Canvas over the past three years in collaboration with the company’s management team and hard-wo...
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