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Metcan Sign

Opta Group Acquires Metcan Industrial Corp.

By Acquisitions

Acquisition adds specialty manufacturing capacity and increases business opportunities.

Opta Group LLC, a portfolio company of Speyside Equity, announced today that it acquired Metcan Industrial Corporation and its group of manufacturing operations on November 1, 2021.

Since its incorporation nearly 30 years ago, Metcan Industrial Corp. has established itself as a recognized leader by using state-of-the-art technologies to produce and distribute high- quality, custom-blended synthetic slag for use by steelmakers.

“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.”

We like this business because Metcan has a culture very similar to ours. The added manufacturing capacity gives us room to pursue more business opportunities.

John DietrichCEO of Opta Group

Dean and Nancy McCann founded Metcan in 1990 to supply synthetic slag to steel manufactures. The company operates facilities in Stoney Creek, Ontario, Selkirk, Manitoba, and Adrian, Michigan.

“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.

Modern Warehouse

Affival and Pennsylvania Partner to Retain Jobs

By Company News

Affival Inc., part of Opta Group LLC, has found a new home. And by moving its manufacturing jobs from Plum, Pennsylvania, to nearby New Kensington, the company retained all 50 of its employees.

Affival produces cored-wire products used to alter the properties of steel. In need of new space, the company received interest from several other regions, including Indiana, Kentucky, and Mexico. Working with Pennsylvania officials, Affival completed a $6 million project to relocate its operations to a 145,000-square-foot building in the Advanced Manufacturing Park.

This is a good investment for us. It’s an opportunity to continue to grow in the area.

Eric WiklendtSpeyside Equity Managing Director & Opta Group Board Chair

Learn how this deal came about and what it means to the economic health of Alle-Kiski Valley.

Construction Site

AccessSMT Announces the Sale of Wholesale Division

By Portfolio Sales

AccessSMT, a portfolio company of Speyside Equity, announces the sale of AccessSMT Wholesale Division. The transaction was completed on January 31, 2020.

AccessSMT, founded in 1964, has evolved into a leading manufacturer and value-added distributor of doors, frames, finishing hardware, construction specialty products, and access control devices in Western Canada and the US Pacific Northwest. The company primarily serves the mixed-use, multi-family residential market along with the industrial, commercial, and institutional (“ICI”) market segment.

The Wholesale Division was non-core to the primary AccessSMT platform and selling it was a strategic move to streamline the company and focus solely on the project management side of the business.

Kevin DaughertyManaging Director

The Wholesale Division sold security solutions and door hardware including mechanical security devices, access control, exit hardware, safes, and other wholesale products operating across Canada to locksmiths and other industrial and commercial end markets.

Gears and cogs

Avon Machining Announces the Acquisition of Plasma-Tec

By Acquisitions

Avon Machining has announced the acquisition of Plasma-Tec on October 21, 2019. This opportunity is aligned with Avon Machining’s growth strategy by enhancing our capabilities and expanding into new industries.

Avon Machining is a leading manufacturer of large, complex, precision parts for the Aerospace, Defense, Construction, Mining, Energy, and Agriculture industries in North America and beyond. As a Tier 1 supplier to OEMs, Avon Machining will collaboratively engineer and provide the part solution that maximizes long-term reliability, durability, and overall cost effectiveness for its customers.

As a reliable, cost-effective domestic source for high-quality precision parts, we look forward to expanding the strong relationships Plasma-Tec has built over the past 38 years with several leading OEMs.

Chad FietsamCEO for Avon Machining

Avon Machining, a portfolio company of Speyside Equity, acquired the assets of Avon Gear in May 2017. Avon Gear was founded in 1974 in a 10,000 square foot building in Rochester, MI. Throughout the years, Avon Machining has expanded its manufacturing footprint, increasing to the current 110,000 square foot facility located in Shelby Township, Michigan. Avon Machining was named by the Detroit Free Press as a Top Workplace in 2018.

Foundry Casting

Speyside Equity Acquires Hazleton Casting and Weatherly Casting and Machine

By Acquisitions

Speyside Foundry Holdings, a portfolio company of Speyside Equity Fund I LP, announces the acquisition of Hazleton Casting Company and Weatherly Casting and Machine Company. Hazleton Casting Company is located in Hazleton, PA, and Weatherly Casting and Machine Company is located in Weatherly, PA. Both transactions were completed on 6/12/2019.

Hazleton Casting Company is a steel foundry specializing in alloy steel casting. The Hazleton facility has operated continuously since the early 1900s. The company has multiple induction furnaces, simulation software, and in-house 3-D printing to provide customers with a range of technical capabilities and the ability to cast, machine, assemble, and test large complex products.

Weatherly Casting and Machine Company, a sister company to Hazleton Casting Company, is an iron and iron alloy foundry specializing in very large castings. Weatherly provides machining services along with other value-add services such as laboratory and non-destructive testing.

Hazleton and Weatherly offer a fuller suite of solutions, both alloys and capabilities, for our existing portfolio foundries Sawbrook and Ashland.

Kevin DaughertyManaging Director

As the industry has been consolidating in North America over the past several decades, Speyside strives to provide customers with high quality, dependable, and sustainable long-term partnerships.

Blow Molding

Speyside Equity Announces the Sale of Western Industries Plastic Products to Littlejohn Capital

By Portfolio Sales

Speyside Equity Fund I LP has announced that it has completed the sale of the Western Industries Plastic Products LLC to LJC Investments IV, LLC, an investment vehicle controlled by Littlejohn Capital, LLC. Speyside has retained ownership of the EPG business unit, which has been integrated with Block Midland Group. Western is a niche technical manufacturer of large blow molded products.

Norris McLaughlin, P.A. served as legal counsel and Stout Risius Ross Advisors, LLC served as exclusive financial advisor to Speyside with respect to this transaction.

We congratulate and thank the Western management team for their impressive execution of the strategy that we created during due diligence. We are very proud to have partnered with management at Western. Their creative solutions to extract as much value as possible during the completion of this deal was unparalleled.

Eric WiklendtManaging Director

With more than 30 years of rich history, Western has grown to become an industry leading designer and manufacturer of premium blow-molded finished products and components for a variety of end markets and offers one of North America’s largest selections of large-head capacity machinery. The company’s end markets include the industrial, furniture, sports and leisure, transportation, and lawn and garden sectors, and its products are shipped worldwide. Founded in 1987, Western is headquartered in Winfield, Kansas.

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