Venture Tape Corp. to Acquire Compac Corp.’s Pressure Sensitive Adhesives Assets.
Acquisition Broadens Pressure Sensitive Adhesives Offering
ST. PAUL, Minn.--(BUSINESS WIRE)--Venture Tape Corp., a subsidiary of 3M, announced today that it has signed 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 Corporation, which recently agreed to sell Compac to Lamtec, is a global provider of pressure sensitive adhesive tapes primarily for 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 from Venture Tape Corp.