Davis-Standard acquires European extrusion technology supplier Maillefer
A supplier of wire, cable, pipe, and tube production technologies, Maillefer is headquartered in Vantaa, Finland and Ecublens, Switzerland.
In a bid to expand its position in the global market, U.S.-based extrusion equipment maker Davis-Standard LLC is acquiring Maillefer International Oy, a European supplier of wire, cable, pipe, and tube production technologies.
Maillefer is headquartered in Vantaa, Finland and Ecublens, Switzerland.
The terms of the deal – which is scheduled to close in late August or early September – have not been disclosed.
“[The acquisition] combines two strong brands into a market leading global extrusion systems and services provider to a world-class customer base,” Jim Murphy, Davis-Standard’s president and CEO, said in a statement. “Maillefer is a global leader that has built a strong brand based on operational excellence, technology, and providing superior customer solutions.”
Davis-Standard is headquartered in Pawcatuck, Conn. The firm, which employs 900 workers worldwide, is majority owned by ONCAP, an investing unit of Toronto-based private equity firm Onex Corporation. Davis-Standard is represented in Canada by Ste-Julie, Que.-based Auxiplast Inc.