I Squared Capital, a leading global infrastructure investment manager, has acquired ENTEK International for an undisclosed amount. ENTEK is a long-standing developer and manufacturer of advanced materials, providing lead-acid and lithium-ion battery separators, specialized extruders, and comprehensive engineering services across six continents. This corporate acquisition marks a significant move by I Squared Capital to expand its portfolio in the critical energy storage and advanced manufacturing sectors.
ENTEK International boasts nearly 40 years of experience, designing and building its state-of-the-art battery separator lines, extruders, and related parts using its proprietary in-house engineering, machining, and fabrication resources. Its separators are integral to high-performance batteries used in SLI, start-stop, deep cycle, motive power, and stationary applications, including advanced lithium solutions and Absorptive Glass Mat (AGM) technologies. Additionally, ENTEK manufactures twin-screw extruders and material handling systems. I Squared Capital’s focus on long-term investments in essential infrastructure assets provides a robust framework for supporting and scaling companies vital to global industrial supply chains.
The acquisition is strategically poised to leverage ENTEK’s proven technological leadership and global operational footprint with I Squared Capital’s financial backing and expertise in managing critical assets. This combination aims to strengthen and potentially re-shore critical U.S. battery manufacturing capabilities, as noted in previous industry announcements, while supporting global expansion. Synergies are expected in accelerating the development and commercialization of next-generation battery separator technologies, particularly in the rapidly growing lithium-ion market.
Looking ahead, the combined entity is positioned to enhance its capacity and market reach in providing essential components for the energy transition. This partnership is expected to drive innovation in advanced materials and equipment, ensuring a resilient supply of high-performance products for electric vehicles, consumer electronics, and various industrial applications worldwide.