Why Platinum Equity Portco McGraw Hill Accelerated Its Digital Transformation
EAST YORK, Pa. — Some things just came naturally to Jackson Lau. Take math. For years, he cruised through the subje...
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Press Releases • May 01, 2013
Platinum Equity Completes Sale of Contego Healthcare Business
LOS ANGELES, Calif. (May 1, 2013) – Platinum Equity announced today it has completed the sale of Contego Healthcare Limited to FIL International Limited, a subsidiary of Filtrona plc, for cash consideration of approximately £160 million. The healthcare packaging business is one of Europe’s leading and most technically advanced packaging manufacturers and makes cartons, leaflets, self-adhesive labels, and printed foils for blister packs for the pharmaceutical and healthcare markets. The sale includes Contego Healthcare’s ten manufacturing sites in the UK, Italy, Germany, France and ...
Read morePress Releases • April 30, 2013
Integration of SMW and DMI Finalized, New Global Supplier Launched as “Chassix”
TROY, Mich., April 30, 2013 – The formation of a new automotive enterprise was announced today with the launch of Chassix, the automotive industry’s largest single integrated resource for precision chassis casting and machining solutions. Chassix was formed following Platinum Equity’s purchase and subsequent integration of the Diversified Machine, Inc. (DMI) and SMW Automotive, LLC (SMW) businesses, resulting in the creation of a $1.2 billion global automotive supplier. Robert J. (Bob) Remenar will serve as president and CEO of the newly integrated business. “There is a huge dem...
Read morePress Releases • March 25, 2013
Checkpoint Systems, Inc. Announces Definitive Agreement To Sell U.S. and Canadian Checkview® Business
Thorofare, New Jersey, March 25, 2013 - Checkpoint Systems, Inc. (NYSE: CKP) today announced that it has entered into a definitive agreement to sell its U.S. and Canadian CheckView business to an affiliate of Platinum Equity, a California-based private equity firm. The sale includes all continuing business operations and assets associated with the U.S. and Canadian CheckView business. The transaction is expected to close by the end of April 2013. The divestiture follows an extensive review of Checkpoint’s businesses in 2012 at which time the Company’s Board of Directors determined tha...
Read morePress Releases • March 25, 2013
Mayor Bing Announces Unprecedented Corporate Partnership to Improve Public Safety in Detroit's Neigborhoods
03/25/2013 – Detroit Mayor Dave Bing announced today that Detroit’s corporate community is supporting his Active and Safe Campaign with an $8 million contribution that will be used to replace the entire fleet of 23 ambulances for the Detroit Fire Department’s Emergency Medical Services (EMS) Division and provide 100 new patrol cars for the Detroit Police Department. Mayor Bing was joined at today’s news conference by Roger Penske, founder and chairman of Penske Corporation, and by other members of contributing corporations and foundations who are working in conjunction with the Down...
Read morePress Releases • March 19, 2013
Platinum Equity To Sell Contego Healthcare Business
LOS ANGELES, Calif. (March 19, 2013) – Platinum Equity announced today it has signed a definitive agreement to sell Contego Healthcare Limited to FIL International Limited, a subsidiary of Filtrona plc, for cash consideration of approximately £160 million. The change in ownership is expected to occur during the second quarter of 2013. Contego Healthcare, one of Europe’s leading and most technically advanced packaging manufacturers, makes cartons, leaflets, self-adhesive labels, and printed foils for blister packs for the pharmaceutical and healthcare markets. Contego Health...
Read morePress Releases • January 21, 2013
BWAY Corporation Completes Acquisition of Ropak
Atlanta, GA – BWAY Corporation ("BWAY" or the "Company"), a Platinum Equity company and leading North American supplier of general line rigid containers, announced today that it has completed the acquisition of Ropak Packaging ("Ropak") from the LINPAC Group.Ropak is a North American producer of rigid, plastic shipping containers serving the consumer goods, food processing, construction, dairy, petroleum, and other industries."Acquiring Ropak is an exciting step in the evolution of our company and creates new opportunities for our customers, employees, and other partners," said Kenneth Roess...
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