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.