Davis-Standard Acquires Maillefer
10 Aug 2017
Davis-Standard, LLC has announced that it has reached agreement to acquire Maillefer International Oy of Vantaa, Finland and Ecublens, Switzerland. Maillefer 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 September.
"Today is an important day dor 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."