Thursday, February 29, 2024
spot_img
HomeNewsBusiness WireOpenGate Capital Signs Agreement to Acquire Extol

OpenGate Capital Signs Agreement to Acquire Extol

Investment Represents Strategy to Create European Aluminium Solutions Group

LOS ANGELES–(BUSINESS WIRE)–OpenGate Capital, a global private equity firm, announced today it has entered into exclusive negotiations with the Spanish firm MCH and Fernando Busto, founder and CEO of Extol, to acquire Extol. The acquisition of Extol is related to the formation of a European group focused on the aluminium extrusion market including another company, Aluminium France Extrusion. Together, the business will be named Aluminium Solutions Group (“ASG”). The acquisition is expected to close later this year and financial terms were not disclosed.

ASG will consist of four plants, three in France (Nantes, Saint-Florentin and Ham) and one in Spain (Toledo) and combined, the group will continue to supply extruded aluminium products to the European construction, transport, machinery, equipment, infrastructure, and consumer goods sectors, among others.

ASG will employ around 800 people and offer a wide range of value-added services to extrusion such as lacquering, anodising, thermal break, cutting and machining.

About OpenGate Capital

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build, and scale successful businesses. To date, OpenGate Capital has executed 40 platform acquisitions across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.

Contacts

For more information, please contact:

OpenGate Media Contacts
Prosek Partners

Email: [email protected]

Alanna Chaffin

Head of Investor Relations & Communications

Email: [email protected]
Telephone: +1 310-432-7000

OpenGate Business Development Contact
Joshua Adams

Email: [email protected]

spot_img
RELATED ARTICLES
spot_img
spot_img
spot_img

Caribbean News

A healthier future demands collective action

- APEC is leveraging collective expertise and shared commitment for a more unified health agenda. By Cesar Vasquez The APEC Health Working Group (HWG) is at a pivotal...

Global News

All parties to Gaza crisis may have committed war crimes, says UN rights chief

NEW YORK, USA - All parties to the Gaza conflict have been responsible for “clear violations of international humanitarian law including possible war crimes”,...