Platinum Equity Sells Mactac Americas

Los Angeles-based private equity investor Platinum Equity said this morning that it has sold Mactac Americas LLC, a manufacturer and distributor of pressure sensitive labels, to LINTEC Corporation, in a deal worth approximately $375M. Platinum Equity acquired Mactac in November of 2014, from Bemis Company. The sale is the second by Platinum Equity from that acquisition; it also sold the European business of Mactac to Avery Dennison in August. INTEC is headquartered in Tokyo. Mactac was based in Ohio.