November 05, 2012
Atlanta, GA – BWAY Parent Company, Inc., a leading North American supplier of general line rigid containers, announced today it has been acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. The transaction, first announced October 2, 2012, closed today."We are excited about this next step in the evolution of our company as we transition to new ownership," said Kenneth Roessler, BWAY President and Chief Executive Officer. "Platinum provides strong operational capabilities that perfectly fit our strategic focus for the next chapter. Our goals are ...
Read moreNovember 01, 2012
Chicago, IL -- November 1, 2012 – The business formerly known as Caterpillar Logistics Services today announced a new name and corporate brand identity, Neovia. Neovia provides third-party logistics solutions to the automotive, industrial, mining, aerospace and defense industries. Platinum Equity, a Los Angeles-based private equity firm, acquired a majority interest in the company from Caterpillar Inc. in July. Caterpillar retained a 35 percent equity stake. “The new name, which translates to ‘a new path,’ and our brand mark expresses our forward-thinking culture as we set off on...
Read moreOctober 02, 2012
Atlanta, GA – BWAY Parent Company, Inc, a leading North American supplier of general line rigid containers through its primary operating subsidiary, BWAY Corporation, announced today that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in a transaction valued at approximately $1.24 billion. "We are very excited about this transaction with Platinum Equity. Platinum brings to BWAY a strong operational and strategic focus and a tremendous track record of value creation that we are convinced will help us achieve new levels of success," said Ken Roe...
Read moreAugust 15, 2012
MCLEAN, VA - Hilton Worldwide today announced the winners of its annual development awards for North America in the categories of Lifetime Achievement, Developer of the Year, Best Conversion, Deal of the Year and Outstanding Achievement. Recipients are awarded based on criteria that includes unique hotels developed, total number and quality of hotels, impact on community and fastest construction time. "Our success is due, in part, to the critical contributions and support of our hotel owners," said Craig Mance, senior vice president, North American development, Hilton Worldwide. "Their comm...
Read moreAugust 01, 2012
Peoria, Ill. – Caterpillar Inc (NYSE: CAT) and Platinum Equity announced today that Platinum Equity’s acquisition of a majority interest in Caterpillar Logistics Services has been completed. Caterpillar will retain a 35 percent equity stake in the business. The overall transaction is valued at approximately $750 million. Caterpillar Logistics Services is the third party logistics division of Caterpillar’s wholly owned subsidiary, Caterpillar Logistics Inc. (Cat Logistics). Platinum intends to establish the business as a standalone company under a new brand that will be announced at a ...
Read moreJuly 31, 2012
Rochester, NY – When NASA's Mars Science Laboratory (MSL) rover Curiosity lands on Mars this weekend, image sensors from Truesense Imaging will be on board to capture high definition color images from the surface of the Red Planet. Curiosity, scheduled to land during the early morning hours of August 6 (U.S. Eastern time), is designed to assess whether Mars ever had an environment able to support life by deploying the most advanced set of scientific instruments ever sent to the planet. As part of that instrument suite, all four science cameras on the rover are designed using image sensors...
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