Parcom Capital completed the acquisition of Euramax Coated Products from OmniMax.

Parcom Capital, a private equity firm, completed the acquisition of Euramax Coated Products, a provider of aluminum coil coating services, from OmniMax International, a manufacturer of aluminum, steel, vinyl, and fiberglass products. Financial terms were not disclosed. The transaction is subject to approval by anti-competition authorities and other customary conditions. The transaction is expected to close in the first quarter of 2020. “We are excited to announce the sale of our Euramax Coated Products business. This was a strategic opportunity to sell one of our valuable and strong-performing businesses in Europe, which will allow OmniMax to further invest in its building products businesses in North America and the United Kingdom. We wish all of them well under their new ownership group with Parcom,” Rick Brown, OmniMax CEO.