Opta Group LLC, a performance materials company serving iron and steelmaking sectors and portfolio company of Speyside Equity, has acquired Metcan Industrial Corp. and its manufacturing operations.
Metcan is a producer and distributer of high-quality, custom blended synthetic slag used by steelmakers. The firm relies on its own state-of-the-art technologies for production and distribution.
“We like this business because Metcan has a culture very similar to ours,” says John Dietrich, CEO of Opta Group. “And, like Opta, Metcan focuses on producing highly engineered synthetic formulations. The added manufacturing capacity gives us room to pursue more business opportunities.”
“This opportunity aligns with Opta’s growth strategy by enhancing our capabilities and potential to reach new customers and markets,” says Nicholas Lardo of Speyside Equity.