3 Sigma provides custom solutions to the customers in health and beauty, flexible packaging, food and beverage, and medical end markets
Duraco Specialty Tapes, a portfolio company of OpenGate Capital, has acquired US-based pressure-sensitive adhesive coated products provider 3 Sigma from Brixey & Meyer Capital for an undisclosed sum.
Based in Troy, Ohio, 3 Sigma uses its solvent, emulsion and hot melt technology expertise to develop both speciality and complex adhesive constructions.
With a range of coating technologies and advanced in-house adhesive formulation capabilities, the company provides custom solutions to the customers in health and beauty, flexible packaging, food and beverage, and medical end markets.
3 Sigma president Tony Rowley said: “Duraco’s established commercial capabilities, paired with 3 Sigma’s unique technology and offerings solidify the Company as a market leader and trusted partner.”
The acquisition of 3 Sigma will allow Duraco to expand its technical toolbox and manufacturing capabilities.
It will help the company to better serve customers through producing an expansive and diverse set of custom formulated products and high value manufactured solutions.
Duraco CEO Ed Byczynski said: “The acquisition of 3 Sigma builds on Duraco’s commitment to provide a complete portfolio of high-value solutions to our current customers and end markets while expanding access into new, strategic industry verticals.
“The addition of 3 Sigma will further accelerate our growth trajectory and places us at the forefront of cutting-edge development to meet the evolving needs of our end markets.”
In June 2019, OpenGate Capital acquired Duraco. The company also acquired Infinity Tapes in February 2020 and Filmquest Group in March this year.
Duraco produces pressure-sensitive tapes and speciality materials for end markets such as point-of-purchase displays, appliances, transit packaging, construction, signage, and heating, ventilation, and air conditioning (HVAC).