Deal Details
Essentra Sells Duraco to OpenGate
Summary
Essentra plc (“Essentra”) recently sold Duraco Specialty Tapes LLC (“Duraco” or the “Company”), the Specialty Tapes business of Essentra, to certain wholly-owned subsidiaries of OpenGate Capital Management, LLC (“OpenGate”).
Baird served as the exclusive financial advisor to Essentra plc on this transaction
About
Essentra is a FTSE 250 company and a leading global provider of essential components and solutions. Organized into four divisions, Essentra focuses on the light manufacture and distribution of high volume, enabling components which serve customers in a wide variety of end markets and geographies. Essentra is headquartered in Milton Keynes, the United Kingdom.Duraco is a leading manufacturer of specialty tape products in North America. The Company offers a diverse range of foam, single-sided, double-sided, high-bond and other specialty tapes to serve the point-of-purchase display and industrial end markets. Duraco is headquartered in Forest Park, Illinois and has service center locations in Edison, New Jersey, Los Angeles, California and Houston, Texas.
OpenGate is a global private equity firm with over 13+ years of operation. OpenGate has completed more than 30 acquisitions and manages a portfolio of 15 stand-alone businesses with operations throughout the United States, Europe, South America and Asia. OpenGate is headquartered in Los Angeles, California and has a satellite office in Paris, France.
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- Date
- June 2019
- Company
- Essentra plc
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Specialty Materials & Chemicals
- Target Geography
- North America
- Acquiror Geography
- North America
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