LOS ANGELES–(Company WIRE)–Jun 1, 2022–
OpenGate Cash, a world wide private equity company, announced that it has exited its expense in EverZinc, a world supplier of specialty zinc products, via a sale to U.S. Zinc, a portfolio enterprise of Aterian Financial commitment Associates. Terms of the expenditure were being not disclosed.
EverZinc is headquartered in Liège, Belgium and has industrial operations in Belgium, Canada, the Netherlands, Norway, China, and Malaysia. EverZinc specializes in four merchandise traces: great zinc powders, zinc oxide, zinc for batteries, and Zano®, an extremely-great zinc oxide. EverZinc products and solutions are bought to consumers all around the environment for use in a wide range of applications, such as anti-corrosion paints, tires, pharmaceutical substances, ceramics and glass, and sunscreens.
The company is led by CEO, Vincent Dujardin, and was obtained by OpenGate Funds in 2016 through a corporate carve-out from Umicore. Throughout OpenGate’s possession, EverZinc grew EBITDA by 2x, and expanded its product blend and geographic footprint, all when additional strengthening its ESG attributes.
Julien Lagrèze, OpenGate Partner and Head of Europe, commented on the transaction, stating, “When we obtained EverZinc, we believed the company had incredible probable for geographic expansion and innovation, and, underneath Vincent’s leadership, new solutions were being developed and new marketplaces penetrated, which re-positioned the business for growth and improved profitability. It has been a definitely rewarding working experience working with Vincent and his crew, and we’re confident that EverZinc is in great fingers as it embarks on a new phase of development.”
EverZinc will join U.S. Zinc, a world-wide zinc chemistry and content science organization, manufacturing diversified zinc products and solutions like zinc oxide, zinc powder, and zinc metal applied in stop marketplaces these kinds of as tires, substances, coatings, and agriculture.
Commenting on the sale, Dujardin stated, “I am extremely very pleased of foremost EverZinc, which is an innovative, varied, and world enterprise that is supported by an exceptionally devoted group of people. I am self-confident that the small business will have significantly achievements with U.S. Zinc.”
Jefferies served as guide fiscal advisor and Stifel served as monetary advisor to OpenGate Funds.
OpenGate Funds is a worldwide non-public equity organization specializing in the acquisition and operation of companies to make new benefit by operational advancements, innovation, and advancement. Established in 2005, OpenGate Money is headquartered in Los Angeles, California with a European business office in Paris, France. OpenGate’s specialists possess the important capabilities essential to acquire, transition, work, establish, and scale thriving enterprises. To date, OpenGate Cash has executed 40 acquisitions across North America and Europe. To discover more about OpenGate, you should go to www.opengatecapital.com.
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