BOLTON, Ontario, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Husky Technologies™ (“Husky”), a GPGI company (NYSE: GPGI) and a global leader in sustainable injection molding solutions, today announced that Tracy Cordes has been appointed President, Service, replacing Tony Black, who will retire effective March 31, 2026, following more than five years of dedicated service. As part of a seamless leadership transition, Tracy Cordes will assume the role of President, Service, effective February 16, 2026, and join Husky’s ...

Core Viewpoint - GPGI, Inc. has completed its rebranding from CompoSecure, Inc. and will begin trading under the new name and ticker symbol "GPGI" on the New York Stock Exchange starting January 23, 2026 [1][7]. Group 1: Company Overview - GPGI, Inc. is a diversified multi-industry compounder that focuses on acquiring and operating businesses with strong positions in favorable industries [2][5]. - The company is managed by Resolute Holdings Management, Inc. and aims to scale high-quality businesses through a permanent capital base and the Resolute Operating System [5]. - GPGI currently consists of two main businesses: CompoSecure and Husky, both of which are market leaders with strong financials and growth opportunities [5]. Group 2: Business Segments - CompoSecure will continue to operate under its existing trade name and will be a distinct reporting segment within GPGI [3]. - CompoSecure specializes in metal payment cards, security, and authentication solutions, providing innovative technology for financial transactions [6]. - Husky, founded in 1953, is a leader in highly engineered equipment and aftermarket services, producing essential products for various industries, including food and medical devices [8].

Core Insights - CompoSecure, Inc. has completed its business combination with Husky Technologies Limited, creating a diversified compounder valued at $7.4 billion with approximately 70% recurring revenues and strong free cash flow generation [1][2][10] - The combined entity will operate under the new name GPGI, Inc., reflecting its strategy of acquiring and operating businesses in favorable industries [3][10] Financial Overview - The business combination is valued at approximately $7.4 billion, representing an estimated 11.6x Pro Forma Adjusted EBITDA of around $635 million for 2026 [2] - The transaction is expected to yield a free cash flow yield of approximately 7.5% in the first full year post-closing and be more than 20% accretive to adjusted diluted earnings per share [2] Funding Details - The transaction was financed through an oversubscribed private placement of about $2.0 billion, a rollover from Platinum Equity of approximately $1.0 billion, and around $2.0 billion in debt [2] - The David Cote Family will maintain its entire $1.0 billion equity investment in the corporate entity [2] Corporate Rebranding - Following the completion of the transaction, CompoSecure will rebrand to GPGI, Inc., which stands for "Great Positions in Good Industries" [3][10] - Both CompoSecure and Husky will continue to operate under their existing trade names as distinct reporting segments within GPGI's permanent capital platform [3] Leadership Statements - The Executive Chairman and Chief Investment Officer expressed enthusiasm about the completion of the Husky transaction and the future prospects for both companies [4]