M&A Deal Summary

Opta Acquires Bimac

On October 4, 2006, Opta acquired metals/mining company Bimac

Acquisition Highlights
  • This is Opta’s 1st transaction in the Metals/Mining sector.
  • This is Opta’s 3rd transaction in the United States.
  • This is Opta’s 1st transaction in Michigan.

M&A Deal Summary
Date 2006-10-04
Target Bimac
Sector Metals/Mining
Buyer(s) Opta
Deal Type Add-on Acquisition

Target

Bimac

Milan, Michigan, United States
Bimac Corp. is a manufacturer of heat insulators and conditioners. Bimac operates its main production facility in Milan, Michigan. This profitable company employs approximately 30 people, and is a leader in new product development within its industry. Bimac maintains a very high level of customer specific technical service with a broad customer base that includes customers with both integrated and mini mill steel operations.

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Buyer(S) 1

Buyer

Opta

Amherst, New York, United States
Category Company
Sector Metals/Mining
DESCRIPTION

Opta is a provider of custom process solutions and industrial mineral products used primarily in the steel, foundry, loose abrasive cleaning, water-jet cutting, and municipal water filtration industries. Opta is based in Amherst, New York.

DEAL STATS #
Overall 3 of 11
Sector (Metals/Mining) 1 of 5
Type (Add-on Acquisition) 3 of 11
State (Michigan) 1 of 1
Country (United States) 3 of 8
Year (2006) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-23 Hillcrest Industries

Attica, New York, United States

Hillcrest Industries, Inc. is a manufacturer and marketer of coal based abrasive products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Newco A.S.

Kosice, Slovakia

Newco is a supplier of proprietary desulphurization and refractory products. All products are produced to the specific requirements of the customers that Newco services within the European steel industry. The Company operates from a production facility in Kosice, Slovakia, employs approximately 22 people and maintains a very high level of customer service.

Buy -
Mergr

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