Bemis Completes Sale of Pressure Sensitive Materials Business

 

NEENAH, WI | Bemis Company has completed the sale of its global Pressure Sensitive Materials business (known as “MACtac”) 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 advisor and Baker & McKenzie acted as legal counsel to Bemis.

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