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Bemis Completes Sale of MACtac

Buyer is Platinum Equity

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By: Catherine Diamon

Director, Executive Internal Communications, GAF

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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