Duraco Specialty Tapes (Duraco) has released a joint statement with its private equity partner and global firm OpenGate Capital announcing the appointment of Ed Byczynski as Chief Executive Officer.
Byczynski has a long tenure of guiding growth in manufacturing businesses and is based in Chicago. Most recently, Byczynski was the Chief Executive Officer of PLZ Aeroscience Corporation, North America’s largest specialty aerosol and liquid manufacturer. During his time at PLZ, Byczynski successfully grew revenue and EBITDA over six times through a combination of M&A and organic growth strategies and throughout the ownership of three separate investment groups. Byczynski also served on the Board of Directors of Gateway Packaging, a flexible packaging business, for eight years, where he helped oversee a growth strategy that resulted in a successful exit to ProAmpac.
Byczynski replaces David Danelz, who was the CEO of Duraco at the time OpenGate Capital acquired the business in 2019. Danelz successfully led the carve-out from Essentra Plc, and the scaling of the organisation through the acquisition of Infinity Tapes and Filmquest Group.
OpenGate Capital’s Managing Director Paul Bridwell states: “Ed’s experience scaling manufacturing companies through both organic and acquisition strategies will be critical to achieve Duraco’s full potential across its various business segments. We look forward to supporting him as he executes his vision to drive Duraco’s continued evolution.”
Duraco is a North American specialist in the design, production, and conversion of specialty tapes and films in high- end applications. It is headquartered in Forest Park, IL with locations in Lawrence, MA and Bolingbrook, IL and has a workforce of over 200 employees.
