M&A Deal Summary

Opta Acquires Magnesium Technologies

On February 15, 2006, Opta acquired machinery company Magnesium Technologies

Acquisition Highlights
  • This is Opta’s 1st transaction in the Machinery sector.
  • This is Opta’s 1st transaction in the United States.
  • This is Opta’s 1st transaction in Ohio.

M&A Deal Summary
Date 2006-02-15
Target Magnesium Technologies
Sector Machinery
Buyer(s) Opta
Deal Type Add-on Acquisition

Target

Magnesium Technologies

Independence, Ohio, United States
Magnesium Technologies Corp. produces and sells desulphurization systems and products, which are produced to the specific requirements of each customer that it services within both the Canadian and United States steel industries. MagTech operates its main production facility in Walkerton, Indiana and maintains a sales and head office in Richfield,

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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 1 of 11
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 11
State (Ohio) 1 of 3
Country (United States) 1 of 8
Year (2006) 1 of 3
FOLLOWING 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.

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