Opengate Capital in exclusive negotiations to purchase Extol

The proposed acquisition is part of a larger plan to form a European group focused on the aluminium extrusion market.

  • OpenGate plans to merge Extol with Aluminium France Extrusion
  • The new entity will be called Aluminium Solutions Group
  • ASG will consist of four plants across France and Spain 

OpenGate Capital is in exclusive negotiations with private equity firm MCH and Fernando Busto, founder and CEO of Extol, to purchase Extol.

The acquisition is part of a larger plan to create a European group focused on the aluminium extrusion market. OpenGate plans to merge Extol with French company Aluminium France Extrusion to form a new entity titled Aluminium Solutions Group (ASG).  

Extol, or Extrusiones de Toledo, is a Toledo, Spain-based manufacturer of aluminium extrusions. The company was founded in 1997. Aluminium France Extrusion is headquartered in Saint-Florentin, France and is also a manufacturer of aluminium extrusions. It has been an OpenGate portfolio company since 2013 and was formerly known as Constellium Extrusion.

The proposed new entity, ASG, will consist of four plants in Nantes, Saint-Florentin and Ham, France with a further plant in Toledo, Spain. The group will continue to supply extruded aluminium products to the European construction, transport, machinery, equipment, infrastructure, and consumer goods sectors. The company will employ 800 people and offer a wide range of value-added services to extrusion such as lacquering, anodising, thermal break, cutting and machining.

OpenGate is a private equity firm that looks to acquire lower to mid-market companies in North America and Europe. The firm is headquartered in Los Angeles.

Madrid-based MCH was founded in 1998 and is a middle-market focused private equity firm. To date it has raised four funds, MCH Iberian Capital fund I,II,III and IV with aggregate funds under management of €850 million. MCH Iberian Capital Fund IV has total capital commitments of €350 million and a targeted ticket size of between €20 million and €80 million.