Sale of Duraco Specialty Tapes LLC to OpenGate Capital Management, LLC

Industrial
Sale of Duraco Specialty Tapes LLC to OpenGate Capital Management, LLC

Summary

Baird served as the exclusive financial advisor to Essentra plc on this transaction

About

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”).

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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Industrial
Sale of Duraco Specialty Tapes LLC to OpenGate Capital Management, LLC
Date
June 2019
Company
Essentra plc
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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