OpenGate Capital sells Omniplast to investment consortium.

OpenGate Capital, a global private equity firm, has sold Omniplast to a group of European investors composed of Reedcapital, Luigi M. Chiaraviglio, and Swiss Merchant. Omniplast was acquired by OpenGate in 2015 through the firm’s original, pre-fund investment in Ivy Group. Financial terms were not disclosed. Omniplast has earned a strong reputation and a loyal customer base within the agricultural and greenhouse sector. The business produces and distributes pressure and non-pressure PVC piping systems for the transportation of gases and fluids. “Omniplast has a tremendous management team that will benefit greatly from the operational resources and entrepreneurial spirit that we will provide. We have a clear path to grow this business organically and through add-on acquisitions.” Renaud Delaage, Reedcapital Partner.