LOS ANGELES & JANESVILLE, Wis.--(BUSINESS WIRE)--OpenGate Capital, a global private equity firm, announced today in a joint statement with its portfolio company, Hufcor Inc. (“Hufcor”), the world leader in the design, manufacturing and installation of movable partitions and flexible space management solutions, the appointment of Mr. Koben Miceli as Chief Executive Officer, effective immediately.
Miceli is a results-oriented operating executive with a solid background in global operations management and a demonstrated track record in turnaround situations that have led to improved customer experiences and business growth. In his new role, Miceli will also continue as Chief Executive Officer of Power Partners, Inc. (“PPI”), another portfolio company of OpenGate Capital, which he joined in October 2017. Prior to joining PPI, Miceli was previously with Dematic Corporation as Executive Vice President of Global Operations and had been promoted from the positions of Senior Vice President of Global Procurement and Vice President of Operational Excellence and Strategy. Prior to Dematic, Miceli has held senior operations positions with Nexeo Solutions as Director of Supply Chain Management, Catalent Pharma Solutions as General Manager, and Honeywell Corporate and Aerospace with the most recent title of Senior Director, Manufacturing Globalization Strategy.
“We are thrilled to have Koben expand his responsibilities and assume the role of CEO at Hufcor,” said Desmond Nugent, Managing Director at OpenGate Capital responsible for the operations of the firm’s North American investments. “Koben’s track record of business improvement, energizing teams, driving operational effectiveness and creating value makes him the ideal leader for both Hufcor and PPI. We are confident he will, with disciplined execution, infuse focus, enthusiasm and innovation at Hufcor.”
“I am excited to start my new role at Hufcor,” said Miceli. “The company has a unique global position, innovative products and a motivated team. I am looking forward to building on Hufcor’s existing platform, leveraging operational processes across Hufcor and PPI to better serve our customers and distributors and create significant value.”
Founded in 1900 with headquarters in Janesville, Wisconsin, Hufcor is the most installed brand of operable partitions worldwide. Hufcor offers its customers a global solution through dedicated manufacturing facilities in the United States, Australia, New Zealand, Germany, China and Malaysia. With its vast distribution network, the company’s products have been installed in hotels, convention centers, schools, universities and places of worship throughout the world.
OpenGate Capital acquired Hufcor in 2017 through the firm’s institutional fund, which also holds Power Partners, Energi Fenestration Solutions, Bois & Matériaux, Alfatherm, EverZinc, Mersive, and Jøtul.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses seeking revitalization through growth and operational improvements. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California, and has a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate and build successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions ranging from corporate divestitures to turnaround acquisitions, industry consolidations and other special-situation investments. To learn more about OpenGate, please visit www.opengatecapital.com.
At Hufcor, we exist to shape the experience that people have within a built environment – we’re in the business of space management. Offering the widest range of glass, operable, vertical lift and accordion partitions, our products shape space by providing flexible sight and sound separation, and enable our customers to control the atmosphere and experience of their space. Shaping your experience isn’t just about what we do, but how we approach business. Committed to advancing what’s possible in space management, we are consultants that have more, do more, and deliver more for our customers. Every day we work with architects, contractors, and building owners across markets to help them maximize the utilization of their space to realize what’s possible. We shape our customers’ experience through the breadth and quality of our expertise, capabilities and products along with our inherent drive to solve problems. This uniquely positions Hufcor to reliably deliver exactly what’s needed. To learn more about Hufcor, please visit www.hufcor.com.