Duraco Specialty Materials Acquires Strata-Tac Inc.
illi News/10228362

Trending...
FOREST PARK, Ill. ~ Duraco Specialty Materials, a leading manufacturer of specialty materials including pressure sensitive tapes and labels, coated films, and release liners, has acquired Strata-Tac, Inc., a leading manufacturer of custom engineered pressure sensitive self-adhesive products and top coated films. The acquisition was made from private sellers and the terms of the transaction were not disclosed.

Strata-Tac is headquartered in St. Charles, Illinois and offers a wide range of customized pressure sensitive solutions to label convertors and manufacturers. Since its founding in 1995, Strata-Tac has grown its coating capabilities and portfolio in tapes, labels, liners and facestocks to service the critical performance needs of its customers across applications in medical/pharmaceutical labeling, brand protection, and durable labeling.

The acquisition of Strata-Tac continues Duraco Specialty Material's commitment to deliver technically advanced, customized solutions across growing end markets. The addition of Strata-Tac's expertise in water-based chemistries complements Duraco's growing portfolio of sustainable solutions by giving customers immediate access to a broader range of pressure sensitive adhesives for labels and tapes, facestocks, and specialty coated materials.

More on illi News
OpenGate Capital acquired Duraco in June 2019 through a corporate carveout from Essentra PLC and has since completed five add-on acquisitions with Infinity Tapes in February 2020, Filmquest Group in March 2021, 3 Sigma in November 2021, Rayven in December 2021, and now Strata-Tac. With a mission to rapidly deliver customized integrated turnkey solutions Duraco supports over 10 000 customers with customized tapes labels converted parts functional coatings and release liners in high value end markets including Flexible Packaging Healthcare OEM and eCommerce.

Ed Byczynski Chief Executive Officer of Duraco commented "The addition of Strata-Tac further adds to Duraco's strong capabilities as a leading manufacturer of custom specialty labels and coated films in North America"

Andrew Nikou OpenGate Capital's Founder & CEO added "The combination of Strata-Tac's operational capabilities along with Duraco's strong operating expertise & its seasoned management team will drive continued commercial growth into new markets"

More on illi News
Strata-Tac General Manager & Vice President Andy Schwarzbauer who remains in his role said "We are thrilled to partner with the strong management & operational teams at Duraco & OpenGate who share our culture & entrepreneurial values as well as our drive to create & deliver innovative products for our customers"

Duraco Specialty Materials has acquired Strata-Tac Inc., a leading manufacturer of custom engineered pressure sensitive self adhesive products & top coated films from private sellers. The add on acquisition continues Duraco's commitment to deliver technically advanced customized solutions across growing end markets while also complementing their portfolio with water based chemistries for pressure sensitive adhesives labels tapes facestocks & specialty coated materials. OpenGate Capital which acquired Duraco last year has since completed five add on acquisitions including this one which will help drive commercial growth into new markets according to Ed Byczynski Chief Executive Officer at Duraco & Andrew Nikou Founder & CEO at OpenGate Capital respectively.
Filed Under: Business
Show All News | Report Violation

0 Comments

Latest on illi News