Brown Gibbons Lang & Company, an independent investment bank and financial advisory firm, on Jan. 18 announced that Turtle Creek, Pa.-based Anker Industries, a metallurgical additives provider, was sold to Opta Group, a Speyside Equity Advisers portfolio company.
Anker was previously a portfolio company of Continuim Equity Partners.
Anker supplies the steel and foundry industries with metallurgical additives that include deoxidizer briquettes, high-quality petroleum coke, insulators, slag conditioners, and tundish fluxes. The company produces clean steel by removing oxygen, inclusions, and other impurities. Anker also is an integrated aluminum recycler.
Opta Group purchased Anker because of its unique manufacturing process and its strategic location. The purchase will help Opta expand its portfolio of products and services, and build its existing capabilities to reach its goal of becoming a premier specialty chemical platform serving the metallurgical, glass, and concrete end markets.
Brown Gibbons Lang & Company advises private and public corporations and private equity groups on business valuations and opinions, capital markets, financial restructurings, mergers and acquisitions, and other strategic matters. It has investment banking offices in Chicago, Cleveland, Los Angeles, and New York, and real estate offices in Chicago, Cleveland, and San Antonio. In addition, it is a founding member of Global M&A Partners.