OpenGate-backed Duraco scoops up coating technologies manufacturer Strata-Tac

• OpenGate Capital acquired Duraco in June 2019 through a corporate carveout from Essentra PLC
• Strata-Tac was founded in 1995
• Based in Los Angeles, OpenGate Capital invests in lower-to-mid-market businesses in the industrials, business services, and technology sectors

Duraco, which is backed by OpenGate Capital, has acquired St. Charles, Illinois-based Strata-Tac, a maker of custom engineered pressure sensitive self-adhesive products and top coated films. No financial terms were disclosed.

Duraco is a manufacturer of specialty materials including pressure sensitive tapes and labels, coated films, and release liners.

OpenGate Capital acquired Duraco in June 2019 through a corporate carveout from Essentra PLC.

“Strata-Tac is the latest testament to our focus on add-on investments as an accelerator of growth,” said Andrew Nikou, OpenGate Capital’s founder and CEO in a statement. “The combination of Strata-Tac’s operational capabilities, along with Duraco’s strong operating expertise and its seasoned management team will drive continued commercial growth into new markets.”

Strata-Tac was founded in 1995.

Based in Los Angeles, OpenGate Capital invests in lower-to-mid-market businesses in the industrials, business services, and technology sectors. The private equity firm was founded in 2005.