Investering vertegenwoordigt strategie om European Aluminium Solutions Group te creëren

LOS ANGELES–(BUSINESS WIRE)– OpenGate Capital, een wereldwijde private equity-onderneming, heeft vandaag aangekondigd dat het exclusieve onderhandelingen is aangegaan met de Spaanse firma MCH en Fernando Busto, oprichter en CEO van Extol, om Extol over te nemen. De overname van Extol houdt verband met de vorming van een Europese groep gericht op de markt voor aluminium extrusie, waaronder een ander bedrijf, Aluminium France Extrusion. Samen zal het bedrijf Aluminium Solutions Group (“ASG”) gaan heten. De overname wordt naar verwachting later dit jaar afgerond en financiële voorwaarden zijn niet bekendgemaakt.

OpenGate Capital Signs Agreement to Acquire Extol

Investment Represents Strategy to Create European Aluminium Solutions Group

LOS ANGELES–(BUSINESS WIRE)– OpenGate Capital, a global private equity firm, announced today it has entered into exclusive negotiations with the Spanish firm MCH and Fernando Busto, founder and CEO of Extol, to acquire Extol. The acquisition of Extol is related to the formation of a European group focused on the aluminium extrusion market including another company, Aluminium France Extrusion. Together, the business will be named Aluminium Solutions Group (“ASG”). The acquisition is expected to close later this year and financial terms were not disclosed.

ASG will consist of four plants, three in France (Nantes, Saint-Florentin and Ham) and one in Spain (Toledo) and combined, the group will continue to supply extruded aluminium products to the European construction, transport, machinery, equipment, infrastructure, and consumer goods sectors, among others.

ASG will employ around 800 people and offer a wide range of value-added services to extrusion such as lacquering, anodising, thermal break, cutting and machining.

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 40 platform acquisitions across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.

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Contacts

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Alanna Chaffin

Head of Investor Relations & Communications

Email: AChaffin@opengatecapital.com
Telephone: +1 310-432-7000

OpenGate Business Development Contact
Joshua Adams

Email: jadams@opengatecapital.com