Platinum Equity to Acquire Products & Healthcare Services Business from Owens & Minor
Company is a leading distributor of medical and surgical supplies across the U.S.
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November 17, 2011
Platinum Equity to Sell The San Diego Union-Tribune to Doug Manchester
Los Angeles and San Diego, CA – Platinum Equity announced today it has signed a definitive agreement to sell The San Diego Union-Tribune (“Union-Tribune” or “U-T”) to MLIM LLC, owned by San Diego entrepreneur, Doug Manchester. San Diego media executive John Lynch serves as President and CEO of MLIM. Terms of the agreement were not disclosed. The transaction is expected to close no later than December 15. No further comment will be provided until the ownership transfer is complete. "We are very proud of what we have accomplished in San Diego and are grateful to the community f...
Read moreNovember 14, 2011
Platinum Equity Company Ryerson Announces New Salt Lake City Service Center Opening
Chicago, -- Ryerson Inc., a leading processor and distributor of metals in North America and Asia, recently celebrated the grand opening of their newest service center located in Salt Lake City, Utah. The new 54,000-square-foot facility is centrally located in the heart of the Salt Lake City business district. The facility houses a large offering of long products and serves as the hub for these products for Ryerson branches in the Western United States. In addition to the extensive inventory of long products, the facility also stocks a wide array of other product shapes in carbon, aluminum,...
Read moreNovember 07, 2011
Kodak Sells Image Sensor Business to Platinum Equity
Rochester, NY – Eastman Kodak Company (NYSE:EK) announced today that it has completed the sale of its Image Sensor Solutions (ISS) business to Platinum Equity in a move that will sharpen Kodak’s operational focus and strengthen its financial position. While the financial details were not disclosed, Kodak will have continuing access to the image sensor technology involved in this transaction for use in its own products. Kodak has previously communicated that it would sell assets that are not central to its transformation to a profitable, sustainable digital company. This sale is aligned ...
Read moreOctober 27, 2011
Platinum Equity Acquires NESCO
Los Angeles, CA and New York, NY – Platinum Equity and Hammond, Kennedy, Whitney & Company, Inc. ("HKW") jointly announced today that Platinum Equity has acquired NESCO from an investor group led by HKW. NESCO founder and CEO, Rob Troxel, will retain an ownership stake in the business going forward. Terms of the transaction were not disclosed. Based in Bluffton, IN, NESCO is a leading provider of fleet equipment rental, sales and services for the North American electrical transmission and distribution market. NESCO maintains one of the largest utility equipment fleets in North America...
Read moreOctober 27, 2011
KEMET Announces Election of Jacob Kotzubei to KEMET Board of Directors
Greenville, SC,-- KEMET Corporation (NYSE: KEM) (the "Company"), a leading manufacturer of tantalum, ceramic, aluminum, film, paper, and electrolytic capacitors, announced today that Jacob Kotzubei has been elected to the Company's Board of Directors. On October 25, 2011, the Company's Board of Directors increased the size of the Board to nine members and elected Mr. Kotzubei to fill the resulting vacancy, placing him in the Board of Directors' Class of 2013. Mr. Kotzubei joined Platinum Equity, LLC ("Platinum Equity") in 2002 and is a Partner at the firm. Mr. Kotzubei serves as an officer ...
Read moreOctober 25, 2011
QuarkXPress 9 from Platinum Equity Company Quark Named Publishing Product of the Year by <i>MacUser</i>
Platinum Equity portfolio company, Quark, announced today that QuarkXPress® 9.1 with App StudioTM has won the MacUser Award for Publishing Product of the Year. The annual MacUser Awards recognize the best products released each year for Apple users. In this year's publishing category QuarkXPress beat out Adobe Dreamweaver CS5.5, Adobe InDesign CS5.5 and Digital Publishing Suite, Aquafadas Digital Publishing Suite, Mag+, Nuance PDF Converter Professional 7, RapidWeaver 5, and Sandvox 2. Adam Banks, Editor of MacUser said, "The arrival of the iPad and other tablets has rapidly changed the wa...
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