After rejecting an $840 million offer in 1999 and watching a $420 million deal shot down by the US government in 2002, Bemis agreed to sell its $553.2-million-in-revenue pressure-sensitive material (PSM) Mactac business to a Los Angeles-based private equity firm for $170 million. Beverly Hills, CA-based Platinum Equity, which manages more than $7 billion in assets, expects in the fourth quarter to take over Mactac, which operates a global business with converting plants and offices last year in Columbus, IN, Stow, OHrScranton, PA, San Luis Potosi, Mexico, and Genk and Solgnies, Belgium.
展开▼
