NEW YORK--(BUSINESS WIRE)--Dec. 1, 2016--
Steel Partners Holdings L.P. (NYSE:SPLP), a diversified global holding
company, today announced that API Group plc, its majority-owned indirect
subsidiary, has completed the acquisition of the manufacturing assets
and business of Amsterdam Metallized Products b.v. (“AMP”).
Based in the Netherlands, AMP is a leading global provider of packaging
technologies for brand enhancement. Terms of the transaction were not
disclosed.
“The addition of AMP’s business complements API Group and is in keeping
with our corporate strategy of completing quality bolt-on acquisitions
to expand existing operations,” said Warren Lichtenstein, Executive
Chairman.
“AMP further strengthens API Group’s brand enhancement mission of
utilizing high-end material substrates for luxury packaging and other
niche markets, adding new products to API Group’s offerings and
providing an entry point into new packaging sectors.”
About API Group plc
www.apigroup.com
API Group plc, headquartered in Stockport, Cheshire, England,
manufactures and distributes foils, laminates and holographic materials
which provide exceptional brand enhancement for consumer goods and
printed media worldwide. With roots in the British paper industry, the
company’s reputation is founded on a trading history going back over a
century. Operating from thirteen locations across Europe, America and
Asia, API’s packaging solutions enable companies across a wide-range of
industry sectors, including premium drinks, confectionery, tobacco,
perfumery, personal-care, cosmetics and healthcare, to empower their
brands on the shelf and in the hand.
About Steel Partners Holdings L.P.
www.steelpartners.com
Steel Partners Holdings L.P. is a diversified global holding company
that engages in multiple businesses through consolidated subsidiaries,
associated companies and other interests. It owns and operates
businesses and has significant interests in leading companies in various
industries, including diversified industrial products, energy, defense,
supply chain management and logistics, banking and youth sports.
Forward-Looking Statements
This press release may contain certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that reflect Steel Partners’ current expectations and
projections about its future results, performance, prospects and
opportunities. Forward-looking statements are based on information
currently available to Steel Partners and are subject to a number of
risks, uncertainties and other factors that could cause its actual
results, performance, prospects or opportunities in 2016 and beyond to
differ materially from those expressed in, or implied by, these
forward-looking statements. These factors include, without limitation,
Steel Partners’ subsidiaries need for additional financing and the terms
and conditions of any financing that is consummated, their customers'
acceptance of its new and existing products, the risk that the Company
and its subsidiaries will not be able to compete successfully, the
possible volatility of the Company's unit price and the potential
fluctuation in its operating results. Although Steel Partners believes
that the expectations reflected in its forward-looking statements are
reasonable and achievable, any such statements involve significant risks
and uncertainties, and no assurance can be given that the actual results
will be consistent with the forward-looking statements. Investors should
read carefully the factors described in the "Risk Factors" section of
the Company's filings with the U.S. Securities and Exchange Commission,
including the Company's Form 10-K for the year ended December 31, 2015
and Form 10-Q for the quarterly period ended September 30, 2016, for
information regarding risk factors that could affect the Company's
results. Except as otherwise required by federal securities laws, Steel
Partners undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, changed circumstances or any other reason.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161201006446/en/
Source: Steel Partners Holdings L.P.
PondelWilkinson Inc.
Roger S. Pondel, 310-279-5965
rpondel@pondel.com
