Venture Tape Corp., a subsidiary of 3M, has announced the signing of a definitive agreement to acquire Compac Corp.’s pressure-sensitive adhesive (PSA) tape assets from Lamtec Corp. Terms of the transaction were not disclosed.
Compac, a subsidiary of TriMas Corp., which recently agreed to sell Compac to Lamtec, is a global provider of pressure-sensitive adhesive tapes used primarily in the heating, ventilation and air conditioning (HVAC), insulation, and industrial markets. The acquisition is expected to be completed in the first quarter of 2009. Upon completion of this transaction, all Compac PSA tape products will 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.
For more information, visitwww.3M.com.
VENTURE TAPE TO ACQUIRE COMPAC CORP.'S PSA ASSETS
February 4, 2009