M&A Deal Summary

Platinum Equity Acquires MACtac

On September 8, 2014, private equity firm Platinum Equity acquired packaging company MACtac from Bemis for 170M USD

Acquisition Highlights
  • This is Platinum Equity’s 3rd transaction in the Packaging sector.
  • This is Platinum Equity’s 28th largest (disclosed) transaction.
  • This is Platinum Equity’s 56th transaction in the United States.
  • This is Platinum Equity’s 4th transaction in Ohio.
Investment Fate
  • MACtac was sold to a publicly-traded strategic buyer in 2016 for 375M USD.

M&A Deal Summary
Date 2014-09-08
Target MACtac
Sector Packaging
Buyer(s) Platinum Equity
Sellers(s) Bemis
Deal Type Divestiture
Deal Value 170M USD

Target

MACtac

Stow, Ohio, United States
website
MACtac LLC is a manufacturer of high-quality pressure-sensitive materials, serving several high-value segments, including graphics, specialty labels and industrial tapes.

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Buyer(S) 1

Buyer

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1995
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 65 of 141
Sector (Packaging) 3 of 6
Type (Divestiture) 36 of 59
State (Ohio) 4 of 8
Country (United States) 56 of 112
Year (2014) 3 of 4
Size (of disclosed) 28 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 MegaPath

Costa Mesa, California, United States

MegaPath provides fully managed IP-based Virtual Private Network connectivity solutions over both the public Internet and its private network. MegaPath was formed in 1996 and is based in Costa Mesa, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-15 Neovia Logistics

Irving, Texas, United States

Neovia Logistics is a provider of integrated logistics services, including service parts logistics, warehousing, business support services, order and inventory management, and other value-added services. Neovia Logistics was founded in 1987 and is based in Irving, Texas.

Sell -

Seller(S) 1

SELLER

Bemis

Neenah, Wisconsin, United States

website

Category Company
Founded 1858
Sector Packaging
Employees17,696
Revenue 4.0B USD (2017)
DESCRIPTION
Bemis' corporate headquarters in Neenah, Wisconsin.
Bemis' corporate headquarters in Neenah, Wisconsin.

Bemis Company, Inc. is a multinational supplier of flexible packaging used by food, consumer products, medical, and pharmaceutical companies. Bemis also supplies pressure sensitive adhesive coated materials globally to label, signage, medical and graphics companies. Bemis was formed in 1858 and is based in Neenah, Wisconsin.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Foshan New Changsheng Plastics Films

Nanhai Foshan, China

Foshan New Changsheng Plastics Films Co., Ltd. specialize in manufacturing PE PP films used for food, medical lamination packaging, PE films for process & Terminal protecting of electronic products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 Emplal - Rigid Plastic Packaging Operations

Brazil

Emplal - Rigid Plastic Packaging Operations is a manufacturer of plastic packaging products.

Buy -
Mergr

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