OpenGate acquires Extol forming Aluminium Solutions Group for EU’s extrusion market

OpenGate Capital, a private equity firm based in Los Angeles, California, masters in the art of complete acquisition projects and recently has signed an agreement with the founder of Extol for its ownership. The mother brand of Extol, Spanish firm MCH and Fernando Busto will give in to forming a European union focusing mainly on the aluminium extrusion sector.

Another company to be merged with this cluster is Aluminium France Extrusion, an international trade and development company from Saint-Florentin, Burgundy, France. The conglomeration will be further known as Aluminium Solutions Group (ASG), and the acquisition will be accomplished by the end of this year. However, the financial terms are yet to be published. The Aluminium Solutions Group will employ more than 800 professionals and provide a range of value-added services to the European extrusion sector, like, anodising, cutting, machining, lacquering and thermal breaking.

Aluminium Solutions Group will be comprised of four working plants; three in France, at Nantes, Saint-Florentin and Ham, and the last at Toledo, Spain. All these facilities will together supply the European industry with downstream products that benefit the machinery, transport, construction and consumer sector in a broader sense.

OpenGate Capital has a European office located in Paris, France and is a private equity firm established in 2015 USA. The organisation specialises in acquisitions while the operations keep running to enhance the value addition of an individual company through discoveries and systematic growth.

OpenGate has successfully completed 40 platform acquisitions around Europe and North America up till now. OpenGate employees are trained to handle the crucial decorum a company needs during ongoing transfer or acquisition projects. They also have a broad purview of operational expectations, with vast knowledge of how to grow an enterprise.