TOKYO—Mactac Americas L.L.C., a maker of pressure sensitive labels, has been sold in a deal that its private equity owner values at $375 million.
Platinum Equity announced it has sold the Stow, Ohio-based Mactac to Tokyo-based Lintec Corp., a manufacturer of adhesive-related products with operations in 15 countries. Los Angeles-based Platinum Equity bought Mactac from Bemis Co. in November 2014. In August, Platinum Equity divested Mactac's European business to Avery Dennison.
Mactac has operations in the United States, Canada and Mexico. Its products are used in industries including label printing, graphic design, packaging, digital imaging, retail display, fleet graphics, assembly engineering, automotive assembly and medical device assembly.
Platinum Equity partner Louis Samson said in a news release that Mactac "has experienced a significant turnaround in recent years" and is "well positioned for continued growth and success" as part of Lintec.