Davis-Standard LLC (Pawcatuck, CT) announced today that it will acquire Maillefer International (Vantaa, Finland), a global supplier of wire, cable, pipe and tube production technologies. Maillefer has manufacturing and service facilities in Finland, Switzerland, China, Russia, India and Egypt.
Davis-Standard designs, develops and distributes extrusion and converting technology to a global customer base. It operates facilities in the United States. China, Germany and the United Kingdom.
Pending regulatory approvals, the transaction is scheduled to close in late August or early September.
“Today is an important day for Davis-Standard and Maillefer, as we combine two strong brands into a market-leading global extrusion systems and services provider to a world-class customer base,” said Jim Murphy, Davis-Standard President and CEO. “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.”
“Davis-Standard and Maillefer are an excellent fit," added Maillefer CEO Lars Fagerholm. “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.”
“We are also pleased to have the continued support of ONCAP, the current majority owner of Davis-Standard,” noted Murphy. “This transaction is a major milestone in expanding our global leadership in plastic extrusion technology.”