Bemis Company completes sale of Pressure Sensitive Materials business

Bemis Company, Inc. announced today that it has completed the sale of its global Pressure Sensitive Materials business (known as "MACtac") to Platinum Equity, a California-based private equity firm.

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The transaction was completed for a purchase price of $170 million, subject to customary post-closing adjustments.

The Pressure Sensitive Materials business was classified as discontinued operations in Bemis' financial statements during the third quarter of 2014.

Goldman, Sachs & Co. acted as financial advisor and Baker & McKenzie LLP acted as legal counsel to Bemis Company.

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