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 • February 26, 2018
Platinum Equity to Acquire American & Efird
LOS ANGELES (Feb. 26, 2018) – Platinum Equity announced today that it has signed a definitive agreement to acquire American & Efrid (A&E) from KPS Capital Partners. Financial terms were not disclosed. The transaction is subject to regulatory approval and is expected to close in the second quarter of 2018. Headquartered in Mt. Holly, North Carolina, A&E is the largest U.S. manufacturer and the world’s second-largest manufacturer and distributor of premium quality industrial and consumer sewing thread, embroidery thread and technical textiles. A&E thread is used by produce...
Read morePress Releases • February 15, 2018
Wyndham Worldwide Announces Agreement to Sell its European Vacation Rental Business to Platinum Equity
PARSIPPANY, N.J., February 13, 2018 — Wyndham Worldwide Corporation (NYSE: WYN) today announced that it has entered into a definitive agreement for the sale of its European vacation rental business to Platinum Equity for approximately $1.3 billion. In conjunction with the sale, the European vacation rental business has entered into a 20-year agreement under which it will pay a royalty fee of 1% of net revenue to Wyndham’s hotel business for the right to use the by Wyndham Vacation Rentals® endorser brand. The European vacation rentals operations will also participate as a redemption ...
Read morePress Releases • February 08, 2018
Terratest Acquires Geostructures
Madrid, February 8, 2018 – Terratest, a leading international provider of geotechnical engineering and foundations solutions, today announced that it has acquired Geostructures, a US-based construction services firm. Financial terms of the transaction were not disclosed. Headquartered in Purcellville, Virginia, and founded in 1995, Geostructures is a leading provider of engineering, design-build and construction services for ground improvement and slope stability applications in the US Mid-Atlantic region. "Geostructures is a company with an excellent reputation, experienced management...
Read morePress Releases • February 06, 2018
Platinum Equity Completes Acquisition of OfficeMax Business in Australia
LOS ANGELES (February 6, 2018) — Platinum Equity announced today it has completed the acquisition of the OfficeMax business in Australia from Office Depot (NASDAQ:ODP). Financial terms were not disclosed. Platinum Equity also confirmed that over time it intends to bring together the OfficeMax business in Australia with Winc Australia, the former Staples business that Platinum Equity acquired in April 2017 and subsequently rebranded. “The combination of Winc and OfficeMax in Australia will create a business that can offer greater value, more choice and a better customer experience,” s...
Read morePress Releases • February 05, 2018
Platinum Equity Acquires WS Packaging Group, Inc. from J.W. Childs
Green Bay, WI (Feb. 5, 2018) – WS Packaging Group announced today that Platinum Equity has acquired the company from J.W. Childs Associates, L.P. Headquartered in Green Bay, Wisconsin, WS Packaging Group provides labels and packaging solutions for the food and beverage, consumer packaged goods, and pharmaceutical markets. The company, which primarily markets pressure sensitive labeling products, is one of North America’s leading label converters, providing innovative packaging, shopper promotion and branding solutions that help its customers increase shelf impact, brand consistency a...
Read morePress Releases • January 16, 2018
Vertiv Expands Thermal Management Portfolio With Acquisition of Energy Labs
Acquisition adds offerings and capabilities for cloud, colocation providers and commercial and industrial segment COLUMBUS, Ohio--(BUSINESS WIRE)--January 16, 2018-- Vertiv, formerly Emerson Network Power, has acquired Energy Labs, a privately owned, U.S.-based manufacturer of custom air handling systems. The acquisition strengthens Vertiv’s leading position in the data center thermal management space and enables expansion into commercial and industrial segments with industry-leading cooling solutions. Energy Labs manufactures custom air handling and modular solutions, including dir...
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