Platinum Equity and Butterfly to Acquire Rise Baking Company
Leading operational private equity firms partner to accelerate Rise’s next chapter of growth LOS ANGELES, CA – Sept...
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Press Releases • June 18, 2013
Neovia Logistics To Acquire MIQ Contract Logistics Business
DOWNERS GROVE, Ill. (June 18, 2013) – Neovia Logistics, a global provider of complex supply chain solutions and logistics services primarily serving the automotive, industrial, mining, aerospace and defense industries, announced today that it has signed a definitive agreement to acquire the contract logistics division of MIQ Holdings, Inc. The contract logistics business provides warehouse management and fulfillment services, distribution solutions and other value-added logistics services through a network of nine facilities in the United States and Canada. “The contract logistics ...
Read morePress Releases • June 07, 2013
UNICOM Systems acquires U.S. Robotics from Platinum Equity
Los Angeles, CA and Schaumburg, IL (June 7, 2013) - UNICOM® Global is pleased to announce that its Founder, President and CEO, Mr. Corry Hong, today signed an all-cash deal to acquire U.S. Robotics Corporation, a Delaware corporation, and its domestic parent Rockstar Holding Corporation, as well as its US Subsidiary, U.S. Robotics Americas LLC, its UK Subsidiary, U.S. Robotics (U.K.) Limited, and its German Subsidiary, U.S. Robotics (Deutschland) GmbH (collectively USRobotics) from Platinum Equity. USRobotics, with its long history of communication innovation, will expand and build on UNIC...
Read morePress Releases • May 02, 2013
Platinum Equity Completes Acquisition of CheckView
LOS ANGELES, Calif. (May 2, 2013) – Platinum Equity announced today that it has completed the acquisition of CheckView from Checkpoint Systems, Inc. (NYSE: CKP). CheckView is a leading security systems integrator that provides physical and electronic security solutions exclusively for retail customers. The company markets fire and life safety alarm systems, intrusion alarm and access control systems, digital anti-theft video solutions, and central station monitoring services. “We are excited about the prospects for CheckView as an independent enterprise,” said Platinum Equity Par...
Read morePress 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...
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