Venture Tape to Acquire Compaq Corp.'s PSA Assets

Venture Tape Corp., a paint protection films provider and subsidiary of 3M, recently announced that it will acquire Compac Corp.'s pressure sensitive adhesive (PSA) tape assets from Lamtec Corp. Compac, a subsidiary of TriMas Corporation, which recently agreed to sell Compac to Lamtec, is a global provider of pressure sensitive adhesive tapes primarily for the heating, ventilation and air conditioning (HVAC), insulation and industrial markets. Terms of the deal have not been disclosed, but the acquisition is expected to be completed in the first quarter of 2009. Following the transaction, all Compac PSA tape products will be supplied from Venture Tape Corp.

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