Bemis completes sale of Pressure Sensitive Materials business
Saturday, November 8, 2014 2:00 am
NEENAH, Wis. -- Bemis Company, Inc. announced that it has completed the sale of its global Pressure Sensitive Materials business to Platinum Equity, a California-based private equity firm.
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 adviser and Baker & McKenzie LLP acted as legal counsel to Bemis Company.
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