wiredInUSA September 2017

Plastics acquisition

Davis-Standard has agreed to acquire Maillefer International Oy of Finland and Switzerland. Pending customary regulatory approvals, the transaction was scheduled to close in late August or September. “Today is an important day for Davis- Standard andMaillefer as we combine two strong brands into a market-leading global extrusion systems and services provider,” announced Jim Murphy, Davis-Standard president and CEO. “We are excited to expand our organization with Maillefer’s talented workforce and outstanding management team.”

that will create a platform for cooperative growth: “Davis-Standard and Maillefer are an excellent fit,” he said. “Our organizations are proud to serve our valued customers with the most advanced technological solutions and the highest level of service. 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.” JimMurphy 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.”

Lars Fagerholm, CEOof Maillefer, remarked that the businesses share common values

wiredInUSA - September 2017

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