Venture Tape Corp., a subsidiary of 3M, has announced the completion of its acquisition of Compac Corp.’s pressure-sensitive adhesive (PSA) tape assets from Lamtec Corp. Terms of the transaction were not disclosed. All Compac PSA tape products, which are used for the heating, ventilation and air conditioning (HVAC), insulation and industrial markets, will now be supplied by Venture Tape Corp.
Venture Tape manufactures a range of tapes used in construction, oil and gas, HVAC, electronics, aerospace, marine, and appliance markets. It also provides specialty industrial tapes complementary to 3M’s specialty tape product line used in splicing, automotive and automotive aftermarket applications.
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VENTURE TAPE CORP. COMPLETES ACQUISITION OF COMPAC CORP.'S PRESSURE-SENSITIVE ADHESIVES ASSETS
February 18, 2009