Duraco Specialty Tapes acquires 3 Sigma

OpenGate Capital portfolio company, Duraco Specialty Tapes, a manufacturer of pressure sensitive tapes and specialty materials, announced that it has acquired 3 Sigma, a custom provider of pressure sensitive products and specialty coatings from Brixey & Meyer Capital. Terms of the transaction were not disclosed.

Headquartered in Troy, OH, USA, 3 Sigma has a wide range of coating technologies and in-house adhesive formulation capabilities. 3 Sigma has an established track record of providing high-quality custom products to customers in high-growth health and beauty, flexible packaging, food and beverage, and medical end-use markets.

The add-on acquisition of 3 Sigma significantly broadens Duraco’s technical toolbox and manufacturing capabilities to better serve customers with a more expansive and diverse set of custom formulated products and high value manufactured products.

OpenGate Capital acquired Duraco in June 2019 and previously completed two add-on acquisitions, with Infinity Tapes in February 2020, and Filmquest Group in March 2021.

Ed Byczynski, chief executive officer of Duraco, comments, “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.”

Andrew Nikou, OpenGate Capital’s Founder and CEO, says, “The add-on acquisition of 3 Sigma to the Duraco platform reflects OpenGate’s buy-and-build strategy in action and positions the company to be a leading provider of custom specialty materials in North America.”

Tony Rowley, president of 3 Sigma, adds, “Duraco’s established commercial capabilities, paired with 3 Sigma’s unique technology and offerings solidify the company as a market leader and trusted partner.”

“As we considered new owners of 3 Sigma, we felt Duraco was the best fit to provide the greatest opportunity for the company and its employees moving into the future,” concludes David Brixey, CEO of Brixey & Meyer Capital.