Extrusion and converting technology company Davis-Standard LLC (Pawcatuck, CT) has acquired Thermoforming Systems LLC (TSL; Yakima, WA), which designs, manufactures and markets thermoforming equipment to the North American food packaging industry.
“TSL is the market leader in thermoforming equipment technology for high-volume packaging and we are excited to welcome their dedicated team to Davis-Standard today,” said Jim Murphy, Davis-Standard President and CEO, in a press release distributed yesterday. Murphy added that the two companies shared core values and a focus on customers, technology and product innovation.
“Davis-Standard has a long-standing reputation as the global leader in extrusion technology and was our preferred partner to work with,” commented TSL President James Naughton. “We are very pleased to join an organization that shares our business principles, and together with Davis-Standard, TSL looks to deepen its commitment to our customers and employees.”
TSL will continue to operate and serve its customers as before, he added.