Bemis Company, Inc. announced that it has reached an agreement to sell its global Pressure Sensitive Materials business (known as MACtac) to Platinum Equity, a California-based private equity firm, for a purchase price of $170 million. This transaction, which is subject to customary closing conditions and regulatory approval, is expected to close during the fourth quarter of 2014. The company plans to use the proceeds of the sale to fund the growth of its flexible packaging business.   “Bemis ...