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Platinum Equity is in advanced talks to acquire Dutch metal packaging maker Trivium Packaging for USD 3.5 billion from Ontario Teachers' Pension Plan Board and Ardagh Group, with a final agreement expected within weeks.
Platinum Equity is reportedly negotiating to buy metal packaging maker Trivium Packaging from owners Ardagh Group and the Ontario Teachers' Pension Plan for more than $3.5 billion, according to Bloomberg sources. The deal is not yet guaranteed.
Sonoco agreed to acquire Ball Metalpack, a metal packaging joint venture owned by Platinum Equity and Ball Corporation, for $1.35 billion in cash. Ball Metalpack is projected to generate about $850 million in 2021 revenue.
Platinum Equity agreed to sell Multi-Color Corporation, a global label maker, to affiliates of Clayton, Dubilier & Rice; the deal is expected to close by end of 2021 and terms were not disclosed.
Multi-Color Corporation, a Cincinnati-based label maker, agreed to be acquired by an affiliate of Platinum Equity for $50.00 per share, in a transaction valued at $2.5 billion including $1.5 billion of debt. The deal was announced on 25 February 2019.
Ball and Platinum Equity formed a joint venture, Ball Metalpack, a standalone US maker of steel containers. Platinum Equity holds 51% and Ball keeps 49%, with Ball receiving $600 million in pre-tax proceeds.
Ball Corporation and Platinum Equity agreed to form Ball Metalpack, a steel container packaging joint venture in which Platinum holds 51% and Ball 49%. Ball contributes its U.S. tinplate steel food and aerosol plants and receives over $600 million in pre-tax proceeds.
Platinum Equity completed its acquisition of Husky Injection Molding Systems, based in Bolton, Ontario, from Berkshire Partners and OMERS Private Equity for $3.85 billion, announced on 29 March 2018.
Platinum Equity has acquired Green Bay, Wisconsin-based WS Packaging Group, a labels and packaging solutions provider, from J.W. Childs Associates; no financial terms were disclosed.
OMERS and Berkshire agreed to sell Husky to Platinum Equity for $3.85 billion. Husky makes injection molding systems.
Platinum Equity, a global investment firm, acquired Warren Valve, a Houston-based flow control valve maker, from Allied Group. Terms were not disclosed.
