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Bemis completes sale of MACtac

Platinum Equity purchased the business for $170 million.

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By: Steve Katz

Associate Editor, Label & Narrow Web

Bemis Company has announced it has completed the sale of its of MACtac, its global Pressure Sensitive Materials business. The buyer is 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 advisor and Baker & McKenzie LLP acted as legal counsel to Bemis Company.

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