Duraco Specialty Materials has acquired its fifth add-on company since 2020 by purchasing Strata-Tac Inc., a maker of top-coated films and custom engineered, pressure-sensitive, self-adhesive tapes and other products.
St. Charles, Ill.-based Strata-Tac supplies label manufacturers and converters in markets including medical, pharmaceutical and durable labels and brand protection.
Duraco cited Strata-Tac's experience in water-based chemistries, saying the acquisition expands Duraco's offerings in tapes, labels, specialty coated materials and facestocks.
Forest Park, Ill.-based Duraco, once part of Filtrona Inc. and later Essentra plc, since 2019 has been a portfolio company of OpenGate Capital Management LLC, a private equity firm based in Los Angeles with an office in Paris.
Andrew Nikou, OpenGate Capital's founder and CEO, said in a May 23 news release: "The combination of Strata-Tac's operational capabilities, along with Duraco's strong operating expertise and its seasoned management team will drive continued commercial growth into new markets."
Duraco supplies the health care, flexible packaging, e-commerce and original equipment manufacturer markets. Its acquisitions include Infinity Tapes of Lawrence, Mass., in 2020, and in 2021, Filmquest Group of Bolingbrook, Ill.; 3 Sigma LLC of Troy, Ohio; and Rayven LLC of St. Paul, Minn.
Strata-Tac was founded in 1995. Terms of the acquisition from private sellers were not disclosed.