NEENAH, WI—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. 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.