Extrusion International 6-2023-USA

13 Extrusion International 6/2023 SKILLS : FILTERING SURFACE OPTIMIZED RADIAL DISCHARGE VALVE PRODUCTION CAPACITY RECYCLING IS A GAME WHERE SIZE MATTERS fimic.it Acquisition Davis-Standard announced that it had reached a de- finitive agreement to acquire the Extrusion Technology Group (ETG) from entities controlled by the Dutch In- vestor Nimbus. The acquisition is subject to customary closing conditions. Davis-Standard has been majority owned by funds affiliated with Gamut Capital Manage - ment, L.P. (Gamut) since December 2021 and serves the global infrastructure and packaging end-markets with a highly engineered suite of extrusion equipment and converting systems supported by world-class aftermar- ket spare parts, service, and support for its base of in- dustry critical customers. ETG is a well-established player in the global extrusion equipment and services sector with a history dating back to 1943. With a reputation for world-class engineering and innovation, ETG is a leader in the supply of extru- sion equipment and downstream processing equip- ment, in addition to extensive tooling, dies, spare parts, and service capabilities, for the global pipe, profile, film and sheet markets. ETG’s operations span Europe, the United States, and Asia and includes long-established and storied brands, such as Battenfeld-Cincinnati, Exel- liq (formerly known as Greiner Extrusion), and Simplas. Giovanni Spitale, CEO of Davis-Standard, stated: “We have long admired ETG’s capabilities and highly engi- neered products and are thrilled to welcome ETG into the Davis-Standard family of brands. The acquisition of ETG will be highly complementary and diversifying to our fast-growing enterprise, and we believe it will allow Davis-Standard to provide a broader and deeper prod- uct portfolio to our customers. We intend to establish the ETG business as a standalone segment that will continue to serve its base of customers with additional support and capabilities from the broader Davis-Standard platform. We believe that the combination of our world-class en- gineering capabilities, our global scale, and the sharing of best practices will only enhance our ever-expanding value proposition in the extrusion value chain.” Gerold Schley, CEO of ETG, will join the Davis-Standard senior leadership team and continue to manage the ETG business after closing of the transaction. “I am excep- tionally proud of the growth and success that we have achieved across all of ETG’s businesses under the stew- ardship of Nimbus. This merger is a great outcome that we believe will create a best-in-class, diversified global supplier of highly engineered extrusion equipment.” battenfeld-cincinnati www.battenfeld-cincinnati.com Davis-Standard, LLC www.davis-standard.com SKILLS : FILTERING SURFACE OPTIMIZED RADIAL DISCHARGE VALVE PRODUCTION CAPACITY RECYCLING IS A GAME WHERE SIZE MATTERS fimic.it