Platinum Closes Sale of Contego Healthcare Business
May 6, 2013
Platinum Equity has finalized its sale of portfolio company Contego Healthcare to a subsidiary of Filtrona for approximately £160 million ($248.5 million) in cash. Based in the U.K., Contego makes cartons, leaflets, self-adhesive labels and printed foils for blister packs for the pharmaceutical and healthcare markets. The sale includes Contego's ten manufacturing sites in the U.K., Italy, Germany, France and Ireland. Platinum acquired the business from Nampak in 2011.