Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli
In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble b...
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Press Releases • December 13, 2024
Platinum Equity Completes Acquisition of Polli, Italian Producer of Pasta Condiments and Vegetable Preserves
LOS ANGELES (December 13, 2024) – Platinum Equity announced today that the acquisition of a majority stake in F.lli Polli S.p.A. ("Polli"), a leading producer of pasta condiments and vegetable preserves, from affiliates of the founding Polli family has been completed. Financial terms of the transaction were not disclosed. The Polli family retained a minority stake in the business together with CEO Marco Fraccaroli, who will continue to lead the company. Founded in 1872, Polli is an Italian producer of pasta sauces, food in-oil, olives, pickles, and condiments to customers in over 50 co...
Read moreDecember 12, 2024
Why Platinum Equity Acquired ‘Proud’ Family-Owned Italian Pesto Sauce Producer Polli
In 1872, Fausto Polli opened a small store front selling canned vegetables in the heart of Milan. Since that humble beginning, the Polli family has grown the business to become a leading European producer of pesto and pasta sauces. The company today operates four plants in which more than 130 different raw materials are processed, producing approximately 29,000 tons of vegetables and more than 190 million packages every year. A core segment of the business is private label pesto where the company has a leading position in supplying products to European grocery store chains. Traditiona...
Read moreDecember 06, 2024
Platinum Equity Invests in HVAC/R Distributor Global, The Source
Global to join forces with Motors & Armatures; Philip Windham named CEO of growing HVAC/R platform LOS ANGELES (December 6, 2024) – Platinum Equity announced today a significant investment in Global, the Source (“Global”), a leading master distributor of HVAC/R components, and its subsidiary AmRad Manufacturing LLC. The transaction marks Platinum Equity’s second investment in the HVAC/R industry this year. In July, the firm invested in Motors & Armatures Inc. (MARS). Global and MARS, which have a longstanding history, will now join forces, helping strengthen the pro...
Read moreDecember 02, 2024
How Oregon Tool, Other Platinum Equity Portcos Aided Hurricane-Stricken Areas
While Hurricane Helene was causing devastating flooding in western North Carolina in late September, Oregon Tool technical sales specialist Millard Kidder and other members of his team were making plans to travel to the area to lend a helping hand. Called the Oregon Tool Disaster Response Team, the group deploys teams across the country to help after natural disasters. From the program’s first relief mission to the East Coast after Hurricane Sandy in 2012 to recent disaster relief, the team has offered support for first responders, utility crews, residents and tree services working to rem...
Read morePress Releases • December 02, 2024
Platinum Equity's Credit Team Leads Acquisition Financing for Branding Iron Holdings
LOS ANGELES (Dec. 2, 2024) – Platinum Equity announced today it provided financing to Branding Iron Holdings in connection with Kingswood Capital Management’s recent acquisition of the company. Branding Iron is a leading provider of branded and private label protein products, with a core focus on frozen and refrigerated ground meats. “We are pleased to provide Kingswood and Branding Iron an acquisition financing solution to support their long-term ambitions for the company. We know the business and the sector well and believe our industry experience makes us a valuable long-term pa...
Read morePress Releases • November 22, 2024
Centerfield Acquires Social Commerce Platform Brainjolt
LOS ANGELES, November 21, 2024 /PRNewswire/ -- Centerfield, a premier technology service for digital customer acquisition, today announced the acquisition of Brainjolt, a social commerce platform that curates and promotes products to its engaged audiences on Meta, Snap and TikTok. Centerfield's digital brands and proprietary platform, Dugout, engage in-market consumers and supercharge customer acquisition for leading brands in home services, insurance, business services, e-commerce, and many other categories. With Brainjolt, Centerfield adds social commerce capabilities to drive additional ...
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