Century City-based private equity firm OpenGate Capital completed the sale of its portfolio company NorPaper Group to a Lebanese firm, the company announced June 22. Terms of the deal were undisclosed.
French manufacturer Norpaper makes products from recycled paper and was acquired by OpenGate from Canadian paper conglomerate, Cascades in 2011. The company’s new owners are Gemayel Freres & Chaoui Industriel Group.
OpenGate was founded in 2005 and has completed 30 acquisitions to date, according to its website.
Manufacturing, retail and trade reporter Shwanika Narayan can be reached at email@example.com or 323-556-8351. Follow her on Twitter @shwanika.