Global investment firm Platinum Equity has acquired US-based WS Packaging Group for an undisclosed sum.
Based in Green Bay of Wisconsin, WS Packaging offers labels and packaging solutions for the customers in the food and beverage, consumer packaged goods, and pharmaceutical sectors.
With 17 manufacturing facilities, the firm mainly sells pressure sensitive labeling products to the customers.
The company’s product portfolio includes shrink sleeves, extended text labels, compliance and durable labels, in-mold labels and folding cartons.
WS Packaging also produces label application equipment, including lightning label applicator, print and apply label applicator, as well as customized labeling systems.
In addition, the firm produces promotional products such as coupons, games and sweepstakes, point of purchase (POP) solutions and overwraps.
Recently, Platinum Equity acquired Mactac, which is WS Packaging’s supplier of pressure sensitive materials.
Platinum Equity principal Jason Price said: “WS Packaging Group has great potential, and we look forward to working closely with the company’s management team, customers, suppliers, and other stakeholders.”
WS Packaging Group CEO Dean Wimer said: “We thank the team at J.W. Childs Associates for the guidance and support of the business under its ownership. We’re excited to work with Platinum Equity, who brings a fresh perspective, with new energy and focus to the table.”
In December 2017, Platinum Equity agreed to acquire Husky Injection Molding Systems (IMS) International from Omers Private Equity and Berkshire Partners for around $3.85bn.
Husky, which is headquartered in Bolton of Ontario, delivers injection molding equipment and services to the plastics industry.
Image: Platinum Equity world headquarters. Photo: courtesy of Platinum Equity, LLC.