M&A Deal Summary

OpenGate Capital Acquires Duraco

On June 20, 2019, private equity firm OpenGate Capital acquired manufacturer Duraco from Essentra for 77M USD

Acquisition Highlights
  • This is OpenGate Capital’s 3rd transaction in the Manufacturing sector.
  • This is OpenGate Capital’s 3rd largest (disclosed) transaction.
  • This is OpenGate Capital’s 12th transaction in the United States.
  • This is OpenGate Capital’s 1st transaction in Illinois.

M&A Deal Summary
Date 2019-06-20
Target Duraco
Sector Manufacturing
Buyer(s) OpenGate Capital
Sellers(s) Essentra
Deal Type Divestiture
Deal Value 77M USD

Target

Duraco

Forest Park, Illinois, United States
Duraco is a B2B manufacturer of specialty tapes, which are sold into highly attractive end markets including Point-of-Purchase displays, appliances, transit packaging, construction, signage, and HVAC. Duraco’s application-specific tapes are strong alternatives to mechanical fasteners and traditional glues offering longevity, strength, efficiencies in customer’s assembly operations and breadth of substrates. Duraco’s customer service team will continue to offer their expertise to customers determining which products are ideal for their applications. With a highly diversified customer base, Duraco maintains loyal relationships for over 40 years and is continuously growing with over 6,800 customers in 2018. Duraco was founded in 1947 and is based in Forest Park, Illinois.

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Buyer(S) 1

Buyer

OpenGate Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 890M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

OpenGate Capital is a private investment firm focused on acquiring divestitures of larger public corporations or troubled companies needing restructuring. OpenGate does not focus any particular industry and will consider opportunities throughout North America and Europe. The Firm's target companies with up to $1 billion of revenue and valued up to $300 million. OpenGate Capital was formed in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 35 of 47
Sector (Manufacturing) 3 of 3
Type (Divestiture) 24 of 29
State (Illinois) 1 of 2
Country (United States) 12 of 20
Year (2019) 4 of 6
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-14 Omniplast

Veghel, Netherlands

Omniplast produces and distributes pressure and non-pressure PVC piping systems for the transportation of gases and fluids. Omniplast's plastic pipes are mainly used for the transport of water, liquids and energy. Omniplast was founded in 1969 and is based in Veghel, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 InRule

Chicago, Illinois, United States

InRule is a decision management platform and business rules management system (BRMS). InRule enables enterprises to understand and automate decisions with unparalleled speed, agility, accuracy, and transparency. InRule was founded in 2002 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Essentra

Oxford, United Kingdom
Category Company
Founded 2005
Sector Plastics
Employees3,000
Revenue 316M GBP (2023)
DESCRIPTION

Essentra is a supplier of plastic and fibre products. Essentra was founded in 2005 and is based in Oxford, the United Kingdom.

DEAL STATS #
Overall 6 of 7
Sector (Manufacturing) 2 of 2
Type (Divestiture) 6 of 7
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2019) 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Essentra Extrusion B.V.

Buitenpost, Netherlands

Essentra Extrusion B.V. is an efficient supplier of plastic extrusions in the world offering the highest quality customer experience and the best value product in the market.

Sell €16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Innovative Components

Schaumburg, Illinois, United States

Innovative Components, Inc. is a manufacturer and distributor of plastic clamping knobs, control knobs, metal knobs, wire rope lanyards, thread detectives, and quick release pins such as positive locking pins, ring detent pins, spring loaded plunger pins, wire lock pins, lynch pins, pop pins, selector pins, and weight stack pins.

Buy -
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