Davis-Standard completes purchase of extrusion technology supplier Maillefer
Canadian PlasticsPlastics Processes
Maillefer International Oy is a European supplier of wire, cable, pipe, and tube production technologies.
Pawcatuck, Conn.-based extrusion equipment maker Davis-Standard LLC has completed its acquisition of 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 was originally announced in August – 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, 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.
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