Davis-Standard to Acquire Extrusion Technology Group: Expanding Product Portfolio and Global Capabilities

Davis-Standard, a specialist in the extrusion equipment and services sector, has agreed to acquire the Extrusion Technology Group (ETG) from entities controlled by the Dutch Investor Nimbus. The acquisition is subject to customary closing conditions. Davis-Standard, which has been majority owned by funds affiliated with Gamut Capital Management since December 2021, serves the global infrastructure and packaging end-markets. ETG, with a history dating back to 1943, is a specialist in the global extrusion equipment and services sector. It supplies extrusion equipment and downstream processing equipment, as well as tooling, dies, spare parts, and service capabilities for the pipe, profile, film, and sheet markets. ETG operates in Europe, the United States, and Asia and includes well-known brands such as Battenfeld-Cincinnati, Exelliq, and Simplas. Giovanni Spitale, CEO of Davis-Standard, expressed excitement about the acquisition, stating that it will allow Davis-Standard to provide a broader and deeper product portfolio to its customers. Gerold Schley, CEO of ETG, will join the Davis-Standard senior leadership team and continue to manage the ETG business after the transaction. Spitale looks forward to partnering with Schley to accelerate growth and global capabilities.