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Davis-Standard has agreed to acquire
Maillefer International Oy of Finland and
Switzerland. Pending customary regulatory
approvals, the transaction was scheduled
to close in late August or September.
“Today is an important day for Davis-
Standard andMaillefer as we combine two
strong brands into a market-leading global
extrusion systems and services provider,”
announced Jim Murphy, Davis-Standard
president and CEO. “We are excited to
expand our organization with Maillefer’s
talented workforce and outstanding
management team.”
Lars Fagerholm, CEOof Maillefer, remarked
that the businesses share common values
that will create a platform for cooperative
growth: “Davis-Standard and Maillefer are
an excellent fit,” he said. “Our organizations
are proud to serve our valued customers
with the most advanced technological
solutions and the highest level of service.
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.”
JimMurphy added: “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.”
Plastics acquisition
wiredInUSA - September 2017
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