EuroWire November 2017

News Corporate

Davis-Standard acquires Maillefer

DAVIS-STANDARD LLC announced that it has reached an agreement to acquire Maillefer International Oy, of Vantaa, Finland, and Écublens, Switzerland. Pending customary regulatory approvals, the transaction was 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 organisation 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 organisations 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.” Mr Murphy added: “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.” Davis-Standard LLC – USA Website : www.davis-standard.com New role for Eugenio Troester GmbH & Co KG, Hanover, Germany, a manufacturer of machinery and extrusion equipment for the cable industry, and its subsidiary X-Compound GmbH, Kaisten, Switzerland, has appointed Eugenio Urbina as “business unit manager North and Central America – cable and compounding machinery”, taking over the position from Jack Howanski, who retired in September. Mr Urbina brings more than 34 years of wire and cable experience leading multifunctional engineering teams as a liaison between suppliers, contractors, plant and corporate personnel that ensure successful completion of major engineering projects, capital investment, state-of-the-art technology and cost leading proficiency propositions as both cable manufacturer and machinery supplier. His technical know-how of wire, cable and compounding products, processes, materials and machinery, will assist the company goal to fulfil customer satisfaction, growth and development. Troester GmbH & Co KG – Germany Website : www.troester.de

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November 2017