Duraco Specialty Materials Acquires Strata-Tac Inc.
May 23rd 2023
Duraco Specialty Materials Acquires Strata-Tac Inc.
Fifth Add-On Builds Duraco’s North America Specialty Materials Market Positioning
FOREST PARK, IL – May 22, 2023 –
Duraco Specialty Materials (“Duraco” or “Company”), a
leading manufacturer of specialty materials including pressure sensitive tapes and labels,
coated films, and release liners, announced today that it has acquired Strata-Tac, Inc.
(“Strata-Tac”), a leading manufacturer of custom engineered pressure sensitive self-adhesive products and top coated films, from private sellers. Terms of the transaction were
not disclosed.
StrataTac, headquartered in St. Charles, Illinois, offers a wide range of customized pressure
sensitive solutions, to label convertors and manufacturers. Since its founding in 1995,
Strata-Tac has consistently 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 add-on 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, giving customers immediate access to a broader
range of pressure sensitive adhesives for labels and tapes, facestocks, and specialty coated
materials.
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 demonstrated mission of rapidly delivering customized,
integrated, turn-key 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 e-Commerce.
Ed Byczynski, Chief Executive Officer of Duraco, stated “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.”
“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. “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.”
“We are thrilled to partner with the strong management and operational teams at Duraco
and OpenGate, who share our culture and entrepreneurial values, as well as our drive to
create and deliver innovative products for our customers,” said Strata-Tac’s General
Manager & Vice President, Andy Schwarzbauer, who remains in his role.
About Duraco Specialty Materials
Duraco Specialty Materials is a North American leader in the customized design, production,
and conversion of specialty tapes and labels, converted parts, release liners, films and
functional coatings in high-end applications. Duraco’s products serve attractive end markets
including Flexible Packaging, Healthcare, OEM, and e-Commerce. Duraco is headquartered
in Forest Park, IL and has a workforce of 400 employees.
About Strata-Tac
Strata Tac has nearly 30 years of experience manufacturing custom self-adhesive products
and top-coated films. Since opening, we have delivered a wide range of products combining
a variety of face stocks, top coatings, adhesives, and liners to the forms and label
converting markets. Today, Strata-Tac has the ability to produce both top coated and
adhesive coated films, bringing a greater level of service and economy to its
customers. Strata-Tac supports customers throughout North America and worldwide.
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 more than 41 platform acquisitions across North America
and Europe. To learn more about OpenGate, please visit opengatecapital.com
OpenGate Media Contacts:
Prosek Partners
Email: Pro-opengate@prosek.com
Alanna Chaffin Head of Investor Relations & Communications
Email: AChaffin@opengatecapital.com
Telephone: +1 310-432-7000
Duraco Specialty Materials Media Contact:
Alan Addington, Duraco Director of Marketing
Email: aaddington@3sigma.cc
Telephone: +1 937-765-3951