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 $170m, 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 Company.
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