AIP-backed Shape buys garnet unit of Speyside's Opta Minerals
Shape Technologies Group Inc, a portfolio company of U.S. private equity firm American Industrial Partners (AIP), has acquired the garnet business of Opta Minerals Inc, a Canadian provider of custom process solutions and industrial mineral products. The deal's financial terms were not disclosed. Kent, Washington-based Shape said the acquisition will provide support and service to industrial users of its waterjet technology and ultrahigh-pressure process solutions. Opta Minerals, which is based in Waterdown, Ontario, was acquired in May by U.S. private equity firm Speyside Equity.
13 September 2016•4 mins read
