OpenGate Capital, a global private equity firm, has exited its investment in EverZinc, a global provider of specialty zinc materials, through a sale to US Zinc, a portfolio company of Aterian Investment Partners.
Terms of the investment have not been disclosed.
EverZinc is headquartered in Liège, Belgium and has industrial operations in Belgium, Canada, the Netherlands, Norway, China, and Malaysia. EverZinc specialises in four product lines: fine zinc powders, zinc oxide, zinc for batteries, and Zano, an ultra-fine zinc oxide.
The business is led by CEO, Vincent Dujardin, and was acquired by OpenGate Capital in 2016 through a corporate carve-out from Umicore.
