Continuim Equity Partners has sold Anker Industries, a leading manufacturer and distributor of metallurgical additives that Continuim acquired in 2021, to Opta Group, a portfolio company of Speyside Equity Advisers.
Headquartered in Turtle Creek, Pennsylvania, Anker supplies the steel and foundry industries with metallurgical additives such as deoxidizer briquettes, slag conditioners, insulators, tundish fluxes, and high-quality petroleum coke (petcoke).
By removing oxygen, inclusions, and other impurities, Anker said its customized solutions allow customers to produce clean, high-quality steel. The company is also an integrated aluminum recycler that takes measures to alleviate waste and maintain a significantly reduced carbon footprint.
Anker's unique process of manufacturing and strategic location will help the Opta Group further expand its product portfolio for the steel, aluminum, copper, glass, cement, and chemical industries.
Brown Gibbons Lang & Company’s Metals & Advanced Metals Manufacturing investment banking team served as the exclusive financial advisor to Anker in the transaction.
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