MIAMI, Dec. 18, 2014 (GLOBE NEWSWIRE) -- Platform Specialty Products Corporation (NYSE:PAH) ("Platform") today announces the recent purchase of an aggregate of 500,000 shares of Platform's common stock by its Chairman and one of its founder entities. Today, Martin E. Franklin, the Chairman of Platform, filed a Form 4 with the Securities and Exchange Commission announcing the purchase of an aggregate of 250,000 shares of Platform's common stock in the open market. In addition, on December 16 and 17, Berggruen Acquisition Holdings IV, Ltd. ("BAH"), one of Platform's founder entities, purchased an aggregate of 250,000 shares of Platform's common stock in the open market. Nicolas Berggruen, a director of Platform, is the president and one of three directors of BAH.
Platform is a global producer of high-technology specialty chemicals and provider of technical services. The business involves the manufacture of a broad range of specialty chemicals, created by blending raw materials, and the incorporation of these chemicals into multi-step technological processes. These specialty chemicals and processes are sold into multiple industries including agricultural, electronics, graphic arts, metal and plastic plating, and offshore oil production and drilling. More on Platform is available at www.platformspecialtyproducts.com.
CONTACT: Source/Investor Relations Contact: Frank J. Monteiro Chief Financial Officer Platform Specialty Products Corporation +1-203-575-5850 Media Contacts: Liz Cohen Weber Shandwick +1-212-445-8044 Kelly Gawlik Weber Shandwick +1-212-445-8368
Source:Platform Specialty Products Corporation