Private equity firm Platinum Equity has acquired Cox Target Media (CTM) from Cox Media Group. Financial terms of the transaction were not disclosed. CTM prints, packages and ships Valpak coupon envelopes from the Valpak Manufacturing Center, a $200 million, 470,000-sq.-ft. print production facility that opened in St. Petersburg, Fla., in early 2008 with more than 300 workers. When it was built, the operation was heralded throughout the printing industry for its JDF/JMF-based workflows, sophisticated web offset printing and material handling automation, as well as its lean manufacturing capabilities. The new production facility consolidated former operations in Largo, Fla., and Elm City, N.C. click Read More below for additional detail
SG360°, a print and direct marketing solutions provider, announced that John Wallace has been named president and CEO of the company and added to its board of directors.
Wallace brings more than 25 years of experience in a variety of professional service and executive management roles in the consulting, food, services and personal care business sectors. He has held CEO, COO, GM and other executive leadership roles in companies with top-line revenue ranging in scale from $25 million to over $3 billion. He also acted as the interim president and chief executive officer of SG360° over the last nine months.
“John’s leadership at SG360° has been instrumental in helping redefine the business strategy and improve the company’s performance over the last nine months,” said Willie Woods, president of ICV Partners and chairman of the board of SG360°. “We look forward to future successes with John at the head of our capable executive leadership team.”
Prior to joining SG360°, Wallace was an operating executive at ICV Partners, a middle market private equity firm with $1.4 billion of assets under management across 23 companies. Wallace’s previous roles include GM of a specialty cheese business of Kraft Foods, SVP for Georgia-Pacific Corporation’s North American Consumer Products Division, and partner at The Boston Consulting Group, where he worked for 12 years.
Wallace earned bachelor’s degrees in English and American studies from Princeton University and an MBA from Harvard Business School.