Davis-Standard LLC has agreed to acquire Maillefer International Oy, a Vantaa, Finland-based provider of wire, cable, pipe and tube production technologies. No financial terms were released for the deal, which is expected to close in August or September. Davis-Standard, a Pawcatuck, Connecticut-based maker of plastic and rubber extrusion and converting systems, said the combination of the brands will create a “market leading global extrusion systems and services provider.” Davis-Standard is a portfolio investment of ONCAP, the mid-market platform of Canadian private equity firm Onex Corp. ONCAP acquired the company in 2011.
Davis-Standard Acquires Maillefer
Davis-Standard, LLC announced today that it has reached agreement to acquire Maillefer International Oy of Vantaa, Finland and Ecublens, Switzerland. Maillefer (www.maillefer.net) is a global leader in wire, cable, pipe and tube production technologies. Pending customary 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.”
Lars Fagerholm, CEO of Maillefer, remarked that the businesses share common values that create a platform for cooperative growth focused on delivering best-in class systems and service to customers.
“Davis-Standard and Maillefer are an excellent fit. 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.”
Murphy closed with, “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.”
For more information on the acquisition, contact Debbie Crowley at (860) 599-6237.
About Davis-Standard, LLC
Davis‐Standard, LLC (www.davis‐standard.com), headquartered in Pawcatuck, Conn., is a global leader in the design, development and distribution of extrusion and converting technology. Davis‐Standard systems encompass over 10 product lines to support manufacturing applications and customers within every major industry. This includes the agriculture, automotive, construction, healthcare, energy, electronics, food and beverage packaging, and retail industries, among others. With more than 900 employees worldwide and a network of independent sales agents and suppliers in nearly every country, Davis‐Standard is committed to engineering systems that are cost effective, environmentally friendly, and offers a high return on investment. The company has manufacturing and technical facilities in the United States, China, Germany and the United Kingdom.
Maillefer (www.maillefer.net), headquartered in Vantaa, Finland, is the global leader in wire, cable, pipe and tube production technologies. With more than 240 employees worldwide and a network of independent sales agents in nearly every country, Maillefer offers over 50 technologies and the widest services portfolio in the industry to cover nearly 20 applications. Maillefer focuses on providing the best technical fit and value – from a single component to a complete factory – to match each customer’s lifecycle needs. The company has manufacturing and service facilities in Finland, Switzerland, China, Russia, India and Egypt.
ONCAP is the mid-market private equity platform of Onex. ONCAP, in partnership with operating company management teams, invests in and builds shareholder value in North American small and mid- size companies that are leaders in their defined market niche and possess meaningful growth potential.
Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. The company has approximately US$25 billion of assets under management, including US$6 billion of Onex proprietary capital, in private equity and credit securities. For more information on ONCAP and Onex, please visit www.oncap.com and www.onex.com.
Photo courtesy of Davis-Standard LLC