Duraco Specialty Tapes Acquires 3 Sigma

OpenGate Capital portfolio company, Duraco Specialty Tapes (“Duraco” or “Company”), a leading manufacturer of pressure-sensitive tapes and specialty materials, announced today that it has acquired 3 Sigma, a custom solution provider of pressure-sensitive products and specialty coatings from Brixey & Meyer Capital. Terms of the transaction were not disclosed.

Headquartered in Troy, Ohio, 3 Sigma has a wide range of coating technologies and powerful in-house adhesive formulation capabilities. 3 Sigma has an established track record of providing unique, high-quality custom solutions to customers in high-growth health and beauty, flexible packaging, food and beverage, and medical end markets.

The add-on acquisition of 3 Sigma significantly broadens Duraco’s technical toolbox and manufacturing capabilities to better serve customers with a more expansive and diverse set of custom formulated products and high value manufactured solutions.

OpenGate Capital acquired Duraco in June 2019 and previously completed two add-on acquisitions, with Infinity Tapes in February 2020, and Filmquest Group in March 2021.

Ed Byczynski, Chief Executive Officer of Duraco, stated, “The acquisition of 3 Sigma builds on Duraco’s commitment to provide a complete portfolio of high-value solutions to our current customers and end markets while expanding access into new, strategic industry verticals. The addition of 3 Sigma will further accelerate our growth trajectory and places us at the forefront of cutting-edge development to meet the evolving needs of our end markets.”
more at: https://www.businesswire.com/news/home/20211202005027/en/Duraco-Specialty-Tapes-Acquires-3-Sigma-Expanding-Its-Coating-and-In-House-Formulation-Capabilities-and-Marking-Three-Add-Ons-in-24-Months

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