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 • December 21, 2005
Platinum Equity Completes Acquisition of ESM Group
Degussa AG Divests Provider of Products and Services to the Steel Industry LOS ANGELES (December 21, 2005) – Platinum Equity announced today that it has completed the acquisition of ESM Group Inc., a leading provider of products and services to the steel industry headquartered in Amherst, N.Y. The seller is Degussa AG, a global specialty chemicals manufacturer based in Germany. ESM Group was part of the metallurgy business that Degussa designated as non-core and divested in four modules in order to focus on the company’s core specialty chemicals business. ESM provides a variety of...
Read morePress Releases • November 21, 2005
Merry X-Ray Acquires SourceOne Healthcare Technologies
LOS ANGELES (November 21, 2005) – Merry X-Ray Corporation, a nationwide leader in medical imaging technology and service, has acquired SourceOne Healthcare Technologies from Platinum Equity, the companies announced today. Financial terms were not disclosed. Merry X-Ray executives said the acquisition of SourceOne would expand their reach as one of the leading providers of radiology imaging solutions to hospitals and health care centers across North America. “The acquisition of SourceOne not only enables us to strengthen our national presence, but also assures our continued growth and...
Read morePress Releases • October 24, 2005
Platinum Equity Signs Definitive Agreement to Acquire ESM Group Inc. from Degussa AG
Company Provides Products and Services to the Steel Industry; Agreement is Platinum’s Third Transaction Announcement in the Past Week LOS ANGELES (October 24, 2005) – Platinum Equity announced today that it has signed a definitive agreement to acquire ESM Group Inc., a leading provider of products and services to the steel industry headquartered in Amherst, N.Y. The seller is Degussa AG, the global market leader in specialty chemicals based in Dusseldorf, Germany. ESM Group was part of the metallurgy business that Degussa designated as non-core and divested in four modules in orde...
Read morePress Releases • October 17, 2005
Platinum Equity Signs Definitive Agreement to Sell ACR Logistics to Kuehne + Nagel International
Operational Performance and Enterprise Value Grew Dramatically Under Platinum Ownership LOS ANGELES (October 17, 2005) – Platinum Equity announced today that it has agreed to sell portfolio company ACR Logistics to Kuehne + Nagel International AG, one of world’s largest logistics companies. The agreement values ACR Logistics at nearly €500 million euros. The transaction, which is subject to regulatory approval, is expected to be completed in early 2006. “ACR Logistics has been an outstanding investment for Platinum Equity, and we are confident the company will continue to thri...
Read morePress Releases • September 20, 2005
Platinum Equity Completes Acquisition of USRobotics®
LOS ANGELES (September 20, 2005) – Platinum Equity announced today that it has completed the acquisition of pioneering network and Internet connectivity provider USRobotics. The transaction was announced on Aug. 15. With an installed base of more than 100 million products in more than 80 countries worldwide, USRobotics is one of the world’s leading producers and distributors of broadband and analog modems, and wired and wireless networking solutions. Founded in 1976 by three University of Chicago students working out of a Skokie, Illinois garage, the company was named after the “gr...
Read morePress Releases • August 15, 2005
Platinum Equity to Acquire USRobotics®
Acquisition Will Strengthen Leading Network Connectivity Provider; Positions Company on a Platform for Growth Through Additional Acquisitions LOS ANGELES and CHICAGO (August 15, 2005) – Platinum Equity will acquire USRobotics in an all-cash transaction that will both strengthen the pioneering Internet connectivity and networking product provider and position it for future growth, the two companies announced today. “USRobotics has a stellar reputation for quality and innovation, and is one of the premier brand names in the technology industry,” said Tom Gores, chairman and chief exe...
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