Davis-Standard Announces Agreement to Acquire Extrusion Technology Group
Davis-Standard, LLC (“Davis-Standard”), a global leader in the extrusion equipment and services sector, announced today that it had reached a definitive agreement to acquire the Extrusion Technology Group (“ETG”) from entities controlled by the Dutch Investor Nimbus.
- Davis-Standard, LLC (“Davis-Standard”), a global leader in the extrusion equipment and services sector, announced today that it had reached a definitive agreement to acquire the Extrusion Technology Group (“ETG”) from entities controlled by the Dutch Investor Nimbus.
- ETG is a well-established player in the global extrusion equipment and services sector with a history dating back to 1943.
- ETG’s operations span Europe, the United States, and Asia and includes long-established and storied brands, such as Battenfeld-Cincinnati, Exelliq (formerly known as Greiner Extrusion), and Simplas.
- This merger is a great outcome that we believe will create a best-in-class, diversified global supplier of highly engineered extrusion equipment.”
Terms of the transaction were not disclosed.