Davis-Standard, a designer and manufacturer of extrusion and converting technology, has completed the previously announced acquisition of Extrusion Technology Group.
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Acquisition concept
The acquisition includes three brands: battenfeld-cincinnati, exelliq, and Simplas. These additions officially join the Davis-Standard family, marking a milestone in the company's strategic expansion. The acquisition strengthens Davis-Standard's position, combining its expertise with the technologies and market presence of battenfeld-cincinnati, exelliq, and Simplas.
Giovanni Spitale, CEO of Davis- Standard, said: "We are thrilled to officially welcome battenfeld-cincinnati, exelliq, and Simplas to the Davis-Standard family. This strategic acquisition reinforces our dedication to providing cutting-edge solutions and comprehensive support to our customers across various industries. Together, we are well-positioned to drive innovation, enhance operational efficiency, and meet the evolving needs of the global extrusion and converting market."
Former ETG CEO and now president of ETG and member of Davis Standard executive leadership team Gerold Schley added: "We are delighted to embark on this new chapter as part of the Davis-Standard family of brands. The synergies between ETG and Davis-Standard present exciting opportunities for collaboration, innovation, and growth. We see numerous synergies that will allow us to integrate seamlessly, ensuring a smooth transition for customers of all brands."
