TPi January 2018

business & market news

Davis-Standard seals Maillefer acquisition Davis-Standard, LLC has an- nounced the acquisition of Maillefer International Oy of Vantaa, Finland, and Ecublens, Switzerland. Maillefer is a specialist in wire, cable, pipe and tube production technologies. Lars Fagerholm, preceding CEO of Maillefer and newly appointed as Davis- Standard’s executive vice-president, Maillefer. over ten product lines to support manu- facturing applications and customers within every major industry.

This includes the agriculture, automotive, construction, healthcare, energy, electronics, food and beverage packaging and retail industries. With a network of independent sales agents and suppliers, Davis-Standard is committed to engineering systems that are cost effective and environmentally friendly. The company has manufactur- ing and technical facilities in the USA,

“Maillefer is proud to join an organisation with as strong a brand and industry reputation as its own. Together, the dedication to our products, service and customer support will continue as it has in the past.” Mr Murphy added: “This transaction is a major milestone for the growth of Davis-Standard and all our stakeholders. Together with our majority owners, ONCAP, we are enthusiastic to include Maillefer in our vision for the future.” Davis-Standard, LLC, headquartered in Connecticut, USA, designs, develops and distributes extrusion and converting technology. Its systems encompass

“We are proud to welcome the entire Maillefer team to the Davis-Standard family. Together we become a leading global extrusion systems and services provider to a world-class customer base,” said Jim Murphy, Davis- Standard president and CEO. “It is an exceptional opportunity to team up with an organisation that shares our values and commitment to pro- viding superior customer solutions.” “This is a historic day for all Maillefer customers and employees as we join Davis-Standard, an organisation built on technology and service,” stated

China, Germany and the UK. Davis-Standard, LLC – USA www.davis-standard.com Maillefer – Switzerland www.maillefer.net

Official opening ceremony With guests of honour from business and politics, as well as representatives from the city of Göppingen, Germany, and members of its own staff, Schuler officially inaugurated its new group headquarters, the Schuler Innovation Tower (SIT). Stefan Klebert

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The 12-storey engineering and technology centre, which represents the largest investment in the company’s history, will provide 750 workspaces with cutting-edge technology and communication, and a restaurant for company employees. Schuler CEO Stefan Klebert commented, “From our base in the Schuler Innovation Tower, we will continue to drive the future topics of plant and machine engineering, the digitisation of products and company processes, and the field of electromobility.” At the opening ceremony, Dieter Kempf, the president of the Federation of German Industries (BDI), demanded more political backing for small

and mid-sized companies: “The fact that Germany is one of the few industrialised nations not to give tax breaks for research and not to provide its companies with a competitive infrastructure is illustrated by numerous international comparisons. Although Germany is ranked the fourth most innovative industrialised nation, it still lags a long way behind the leader, Switzerland. And when it comes to digitisation, we only just manage 17 th place. In other words, politicians need to do their homework so that our small and mid-sized industrial companies can remain the backbone of a strong German economy.”

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Schuler AG – Germany www.schulergroup.com

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TUBE PRODUCTS INTERNATIONAL January 2018

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23-11-17 13:28