Opta Group, a portfolio company of Speyside Equity Advisers in Troy, has purchased steel manufacturing supply company Anker Industries in Pennsylvania. Terms of the transaction were not disclosed.
Opta is New York-based supplier of performance materials and solutions for the molten metal, glass, and specialty chemical industries. The company serves the worldwide steelmaking, metal refining, concrete and cement, and pulp and paper industries.
Anker, located near Pittsburgh, supplies the steel and foundry industries with metallurgical additives such as deoxidizer briquettes, slag conditioners, insulators, tundish fluxes, and high-quality petroleum coke.
“Anker’s unique manufacturing process expands the portfolio of products and services we can offer,” says John Dietrich, CEO of Opta Group. “That allows us to strengthen relationships with our customers as we continue finding new ways to assist with their production and provide optimal performance.”
By removing oxygen, inclusions, and other impurities, Anker’s customized solutions are designed to allow clients to produce clean, high-quality steel. The company also is an integrated aluminum recycler that takes measures to alleviate waste and maintain a significantly reduced carbon footprint.
