Baker & McKenzie represented Bemis Company, Inc. in the recently announced sale of its global Pressure Sensitive Materials business to Platinum Equity for a purchase price of US$170 million.

The Pressure Sensitive Materials business, known as MACtac, includes manufacturing facilities in the US, Mexico and Belgium, in addition to a sales and distribution network that includes China, France, Germany, Italy, Poland, Singapore, Sweden and the UK. The transaction, which is subject to customary closing conditions and regulatory approval, is expected to close during the fourth quarter of 2014.

“We were honored to represent our long-time client, Bemis, on this cross-border transaction and to work closely with its talented in-house legal team," said Baker & McKenzie corporate partner Dieter Schmitz, who led the Firm's international team on the deal.

The Baker & McKenzie team included Associate Lewis Popoff, in addition to Partners Christopher Guldberg, Dominika Korytek, John McDonald, John Watson, Sarah Winston, and Associate Ryan Vann.

The Bemis corporate legal team was led by its Vice President, General Counsel, and Secretary, Sheri Edison, and included Steve Price, Deputy General Counsel; Kasey Wroblewski, Corporate Attorney; and Guillaume Taillandier, Head of Legal – Bemis Europe.