Davis-Standard, LLC Announces That It Has Acquired Thermoforming Systems LLC
27 Nov 2018
Davis-Standard, LLC has announced that it has acquired Thermoforming Systems LLC (“TSL”) of Yakima, Washington. TSL (www.tslusa.biz) designs, manufacturers and markets leading edge 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. Murphy added “We are enthusiastic about this opportunity with TSL, as we share core values and a focus on our customers, technology and product innovation.”
James Naughton, President of Thermoforming Systems LLC, remarked on transaction.
“Davis-Standard has a long-standing reputation as the global leader in extrusion technology and was our preferred partner to work with,” he said. “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 and we are enthusiastic about our unique product opportunities with Davis-Standard.”
Murphy concluded with, “This is an exciting day for both organizations as we begin our future together.”
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 1,300 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 offer a high return on investment. The company has manufacturing and technical facilities in the United States, China, Germany, Finland, Switzerland, Canada and the United Kingdom.
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