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Venture Tape To Buy Compac's Pressure Sensitive Adhesives
January 20, 2009
Venture Tape Corp., a subsidiary of St. Paul, MN-based 3M, has agreed to acquire the pressure sensitive adhesive (PSA) tape assets of Compac Corp. from Lamtec Corp. Terms of the transaction were not disclosed.
TriMas Corp., the parent company of Hackettstown, NJ-based Compac, recently agreed to sell Compac to Lamtec. 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. Compac products primarily are used in the heating, ventilation and air condition, insulation, and industrial markets.
Venture Tape manufactures a broad range of tapes used in construction, oil and gas, HVAC, electronics, aerospace, marine and appliance markets. It also provides specialty industrial tapes complementary to 3M's specialty tape product line used in splicing, automotive and automotive aftermarket applications.