BGL Announces the Sale of Anker Industries
April 1, 2024
Brown Gibbons Lang & Company (BGL) has announced the sale of Anker Industries, a portfolio company of Continuim Equity Partners. Anker, a manufacturer and distributor of metallurgical additives, was sold to Opta Group, a portfolio company of Speyside Equity Advisers. BGL's Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to Anker in the transaction.
Anker supplies the steel and foundry industries with metallurgical additives such as deoxidizer briquettes, slag conditioners, insulators, tundish fluxes and high-quality petroleum coke (petcoke). By removing oxygen, inclusions and other impurities, Anker's customized solutions allow customers to produce clean, high-quality steel. The company is also an integrated aluminum recycler that takes measures to alleviate waste and maintain a reduced carbon footprint.
Anker's process of manufacturing and strategic location will help the Opta Group further expand its portfolio of products and services. This acquisition will also help Opta build on its existing capabilities to become a premier specialty chemical platform serving the metallurgical, glass and concrete end markets.
BGL's Metals & Advanced Metals Manufacturing team has deep sector knowledge and extensive Metals M&A transaction experience within major subsectors of the broader metals industry. Coverage includes metal service centers, mills and foundries, advanced metals manufacturing and metals recycling.
For more information contact:
Brown Gibbons Lang & Company
216-241-2800
www.bglco.com
Anker Industries
938 Larimer Ave.
Wilkins Township, PA 15145
412-823-3695
info@ankerindustries.com
www.ankerindustries.com
Continuim Equity Partners
One PPG Place, Ste. 3030
Pittsburgh, PA 15222
412-586-7651
www.continuim.com
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