Hufcor, Inc. Acquired by OpenGate Capital

Sep
05
2017

FOR IMMEDIATE RELEASE

September 6, 2017

Hufcor, Inc. Acquired by OpenGate Capital

JANESVILLE, WI — Hufcor, the global leader in flexible space management and operable partitions, has been acquired by OpenGate Capital, a global private equity firm. Founded in 1900 with headquarters in Janesville, Wisconsin, Hufcor is the most installed brand of operable partitions worldwide. Hufcor offers its customers a global solution through dedicated manufacturing facilities in the United States, Australia, New Zealand, Germany, China and Malaysia. With its vast distribution network, the company’s products have been installed in hotels, convention centers, schools, universities and places of worship throughout the world.

Hufcor’s CEO, Kevin Flanagan, said that Hufcor and OpenGate were an exceptional fit.

“The acquisition of Hufcor by OpenGate Capital is exciting news for Hufcor’s employees, numerous global partners and customers. Management is excited to be partnering with OpenGate to accelerate our growth plan. OpenGate’s global presence and focus will assist Hufcor in reaching its full potential-operationally and commercially. Hufcor will continue to innovate with new and exciting products in the architectural space, pushing the limits and expanding the possibilities,” said Flanagan.

Andrew Nikou, founder and CEO at OpenGate Capital, stated, “As OpenGate Capital manages a global portfolio of businesses in a broad array of industries, Hufcor represents an exciting addition as a category leader providing superb quality products and services to a variety of businesses around the world.”

About Hufcor

Hufcor is an American company based in Janesville, Wisconsin. At Hufcor, we exist to shape the experience that people have within a built environment – we’re in the business of space management. Offering the widest range of glass, operable, vertical lift and accordion partitions, our products shape space by providing flexible sight and sound separation, and enable our customers to control the atmosphere and experience of their space. Shaping your experience isn’t just about what we do, but how we approach business. Committed to advancing what’s possible in space management, we are consultants that have more, do more, and deliver more for our customers. Every day we work with architects, contractors, and building owners across markets to help them maximize the utilization of their space to realize what’s possible. We shape our customer’s experience through the breadth and quality of our expertise, capabilities and products along with our inherent drive to solve problems. This uniquely positions Hufcor to reliably deliver exactly what’s needed. To learn more about Hufcor, please visit www.hufcor.com.

About OpenGate Capital

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California and has a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special-situation investments. To learn more about OpenGate, please visit www.opengatecapital.com.

 

Media Contact

Michael Kontranowski                                                                                                                                                                                                                                                                                                                     Vice President – Marketing                                                                                                                                                                                                                                                                         mkontranowski@hufcor.com                                                                                                                                                                                                                                                                                                            608-758-8249

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