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Davis-Standard buys Maillefer

Source:Plastics News Asia Release Date:2017-08-11 236
Plastics & Rubber
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Davis-Standard has acquired Maillefer; transaction is scheduled to close in late August or early September.

Davis-Standard, LLC announced that it has reached agreement to acquire Maillefer International Oy of Vantaa, Finland and Ecublens, Switzerland. Maillefer is a global leader in wire, cable, pipe and tube production technologies. Pending customary regulatory approvals, the transaction is scheduled to close in late August or early September. 

Jim Murphy, Davis-Standard President and CEO said: “Maillefer is a global leader that has built a strong brand based on operational excellence, technology, and providing superior customer solutions. We are excited to expand our organization with Maillefer’s talented workforce and outstanding management team.”

Lars Fagerholm, CEO of Maillefer, remarked that the businesses share common values that create a platform for cooperative growth focused on delivering best-in class systems and service to customers. “Davis-Standard and Maillefer are an excellent fit. Our organizations are proud to serve our valued customers with the most advanced technological solutions and the highest level of service,” he said. “Maillefer will continue to operate and serve its customers as before, and we are excited about this unique chance for business growth and opportunity for all stakeholders.”

Mr. Murphy  further said: “We are also pleased to have the continued support of ONCAP, the current majority owner of Davis-Standard. This transaction is a major milestone in expanding our global leadership in plastic extrusion technology.”

Davis‐Standard, LLC (www.davis‐standard.com), headquartered in Pawcatuck, Conn., is a global leader in the design, development and distribution of extrusion and converting technology. Davis‐Standard systems encompass over 10 product lines to support manufacturing applications and customers within every major industry. This includes the agriculture, automotive, construction, healthcare, energy, electronics, food and beverage packaging, and retail industries, among others. With more than 900 employees worldwide and a network of independent sales agents and suppliers in nearly every country, Davis‐Standard is committed to engineering systems that are cost effective, environmentally friendly, and offers a high return on investment. The company has manufacturing and technical facilities in the United States, China, Germany and the United Kingdom.

Maillefer (www.maillefer.net), headquartered in Vantaa, Finland, is the global leader in wire, cable, pipe and tube production technologies. With more than 240 employees worldwide and a network of independent sales agents in nearly every country, Maillefer offers over 50 technologies and the widest services portfolio in the industry to cover nearly 20 applications. Maillefer focuses on providing the best technical fit and value – from a single component to a complete factory – to match each customer’s lifecycle needs. The company has manufacturing and service facilities in Finland, Switzerland, China, Russia, India and Egypt.

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