Newco is a supplier of proprietary desulphurization and refractory products with annualized revenues of approximately $7.4 million. All products are produced to the specific requirements of the customers that Newco services within the European steel industry. The company operates from a production facility in Kosice, Slovakia, employs approximately 22 people.
The acquisition expands Opta's business capabilities into Europe and complements existing operations which supply a wide range of desulphurization products in both the U.S. and Canada from operations in Indiana and Ontario.