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Sale of Skylights Division Represents the Second Division of SMAC Sold in 2021
OpenGate Capital, a global private equity firm, announced today that its portfolio company, SMAC, a leading French provider of waterproofing and building envelope solutions, has completed the sale of its skylights-related division to Kingspan Light Air, a division of Kingspan Group Plc (ISEQ: KRX and LSE: KGP). The sale of the skylights division includes two business lines; Skydôme, a subsidiary focused on the production of daylighting, ventilation, smoke evacuation, and roofing access systems; and Essemes Services, a division within Skydôme specializing in the installation of skylights and the maintenance of fire safety equipment. OpenGate acquired SMAC from Colas Group in May of 2019. Terms of the agreement were not disclosed. ....

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