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.

Nov 11, 2014

This content was written and submitted by the supplier. It has only been modified to comply with this publication’s space and style.

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.

Bemis Company, Inc.

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