Duraco Specialty Tapes acquires 3 Sigma
Duraco Specialty Tapes, a leading converter of pressure-sensitive tapes and specialty materials, has acquired 3 Sigma, a custom solution provider of pressure-sensitive products and specialty coatings from Brixey & Meyer Capital. Terms of the deal were not disclosed.
Headquartered in Troy, OH, 3 Sigma has a wide range of coating technologies and powerful in-house adhesive formulation capabilities. 3 Sigma has an established track record of providing unique, high-quality custom solutions to customers in high-growth HBA, flexible packaging, food and beverage, and medical end 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 solutions. 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, CEO-Duraco, says, “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.”
Duraco is B2B manufacturer of pressure-sensitive tapes and specialty materials, which are sold into highly attractive end markets including Point-of-Purchase displays, appliances, transit packaging, construction, signage, and HVAC. Duraco’s application-specific tapes are strong alternatives to mechanical fasteners and traditional glues offering longevity, strength, efficiencies in customer’s assembly operations and breadth of substrates. In 2020, Duraco expanded its capabilities with the acquisition of Infinity Tapes, a leading manufacturer of customized adhesive products serving the high growth industrial and transit packaging end markets. Duraco is headquartered in Forest Park, IL. With warehousing locations throughout the United States and Canada, Duraco has a workforce of over 200 employees and has been maintaining loyal relationships for over 40 years and is continuously growing with over 6,800 customers. More info: www.duraco.com
3 Sigma is a fast-growing innovator of pressure sensitive adhesive coated products. 3 Sigma uses its solvent, emulsion, and hot-melt technology to produce both specialty and complex adhesive constructions at both its headquarters in Troy, OH, and its Lancaster, OH, facility.