OpenGate Capital Combines Extol and Aluminium France Extrusion to Form Aluminium Solutions Group SAS
OpenGate Capital, a global private equity firm, announced that it is forming Aluminium Solutions Group SAS (“ASG”), through the combination of Extol, which OpenGate acquired on September 30th, 2022, and Aluminium France Extrusion (“AFE”), which has been owned by OpenGate since June of 2013. The combination of Extol and AFE, under the name ASG, establishes France’s second and Europe’s sixth largest aluminum extruder with a clear sustainability roadmap. Terms of the transaction were not disclosed.
Browse The Complete News About AI : Anari AI Launches Thor X to Enhance Cloud-based 3D Applications
“The result is an exciting new path for growth and innovation in the ever-growing market for aluminum.”
As part of the value creation strategy, OpenGate also announced that it will be examining options to enhance the ESG profile of ASG, including specific investments to facilitate recycled materials in the production process.
Extol is a specialty extruder and manufacturer of custom aluminum parts with facilities in Toledo, Spain and Nantes, France. AFE is an aluminum extruder serving the construction, transportation, and industrial sectors with facilities in Saint Florentin and Ham, France. Combined as ASG, the business will leverage commercial and operational synergies, increased capacity to capture market growth, and gain a stronger position in their respective markets to become a new European leader in aluminum extrusion capabilities.
AI ML in Marketing: AI and Big Data Analysis Used to Find Brands’ Emotional Connection
“ASG brings together two exceptional companies that are very complementary, creating a European market leader in an industry that continues to show sustained growth,” said OpenGate Capital’s Partner and Head of Europe, Julien Lagrèze. “In addition to leveraging natural operational and commercial synergies, we are proud to be advancing the industry’s ESG goals with uncompromising customer service and quality.”
“Having worked with OpenGate for nearly ten years, we are thrilled to join forces with Extol in forming Aluminum Solutions Group,” said Hervé Pelcerf, CEO at AFE. “The result is an exciting new path for growth and innovation in the ever-growing market for aluminum.”
Caixa Bank and Amundi are the main arrangers of the senior secured debt.
Lincoln International (Paris / Madrid) acted as OpenGate Capital’s M&A and Financing advisor, Cuatrecasas (Madrid) and McDermott Will & Emery (Paris) served as Legal counsels, while PwC performed the commercial, financial, tax, legal and labor due diligence.
Future of AI-driven Customer Relationship: Microsoft’s Viva Sales and the Future of AI-driven Customer Relationship and Experience Management
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.