Gibraltar Industries buys assets of Delta Separations for $50m
Gibraltar Industries has acquired the assets of Delta Separations, a California-based manufacturer of centrifugal ethanol-based extraction systems for $50 million in an all-cash deal.
Based in Buffalo, New York, Gibraltar Industries is engaged in manufacturing building products for the industrial, residential, and infrastructure markets. The company’s deal with Delta Separations enables it to expand its suite of extraction solutions for plant-based biomass processing.
Founded in 2015, Delta Separations, which is headquartered in Santa Rosa, sells its ethanol extraction, recovery and distillation systems to cannabis, hemp, and biomass processors engaged in producing botanical oil extracts for a range of consumer products.
In 2019, the revenue of Delta Separations was $46 million.
Gibraltar Industries acquires assets of Delta Separations for $50m. Photo courtesy of Free-Photos from Pixabay.
Bill Bosway – Gibraltar Industries CEO said: “As Gibraltar’s second acquisition in the processing market, Delta Separations’ leadership position in ethanol-based extraction technology combined with Apeks’ leadership position in CO2 extraction technology expands our offering as we work with customers to shape the future of this market.
“The combination of Apeks and Delta will support our customers regardless of their technology and systems preference. Delta has a strong management team, is a true leader in this market with an incredible passion for its business, and our future together.”