Thursday 25 May 2023

Illinois, US-based speciality materials provider Duraco Specialty Materials has acquired Illinois-based self-adhesive products provider Strata-Tac, Inc. in fifth add-on acquisition, the company said.

Terms of the transaction were not disclosed.

The acquisition of Strata-Tac continues Duraco Specialty Material's commitment to deliver technically advanced, customised 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 speciality coated materials.

OpenGate Capital acquired Duraco in June 2019 through a corporate carveout from Essentra PLC and has since completed five add-on acquisitions.

Duraco Specialty Materials offers customised design, production, and conversion of speciality tapes and labels, converted parts, release liners, films and functional coatings in high-end applications.

Strata-Tac delivers a range of products combining a variety of face stocks, top coatings, adhesives, and liners to the forms and label converting markets.