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OpenGate Capital Portfolio Company SMAC Completes Exit of Manufacturing Division with Sale of Resins to MAPEI
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OpenGate Capital Completes Acquisition of ScioTeq and TREALITY from TransDigm Group
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FOREST PARK, Ill., May 14, 2021 /PRNewswire-PRWeb/ Duraco, a leading manufacturer of tapes for the Point-of-Purchase (POP) market, has officially launched its first low surface energy (LSE) tape series. The series includes its trusted range of foam tapes Twin Stick®, Dubl Kote®, and DK Film® products proven over decades in the fast-paced POP industry, but with a new innovative LSE adhesive. The series consists of an adhesive formulated to stick to hard-to-bond surfaces that structural designers and engineers like to work with most, including LSE plastics, digital inks, powder-coated metals, and UV cured overprints.
When designers utilize these materials that have a complex surface to adhere to, they need an adhesive that can provide a strong bond and hold over time. Traditional adhesives require surface preparation that can be hazardous and messy. The new LSE tape series can easily be applied with minimal prep work, providing a quick, strong bond that will not lift or
Duraco Specialty Tapes, an OpenGate Capital Portfolio Company, Names Ed Byczynski as Chief Executive Officer
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OpenGate Capital, a global private equity firm, announced today the close of its sale of Bois & Matériaux (“B&M”) to Chausson Matériaux, a major building materials distribution company. The agreement was initially signed in January 2021 and terms were not disclosed.
With headquarters in Pacé, France, and more than 130 branches in the country, B&M is one of the leading building materials distributors in France. During the five-year period the business was owned by OpenGate, the business was fully revitalized under the leadership of CEO Yves Martin, and with the support of OpenGate’s operations team.
Julien Lagrèze, Partner and Head of Europe at OpenGate Capital, commented, “When we first looked at B&M, we saw a business that was underperforming and had vast opportunity. Our deep knowledge of investing in France and understanding of the building materials market motivated us to acquire the opera