Product News
Davis-Standard completes acquisition Extrusion Technology Group
Feb 5th, 2024 - The acquisition includes three brands: battenfeld-cincinnati, exelliq, and Simplas. These additions officially join the Davis-Standard family, marking a milestone in the company's strategic expansion. The acquisition strengthens Davis-Standard's position, combining its expertise with the technologies and market presence of battenfeld-cincinnati, exelliq, and Simplas.
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Giovanni Spitale, CEO of Davis- Standard, said: "We are thrilled to officially welcome battenfeld-cincinnati, exelliq, and Simplas to the Davis-Standard family. This strategic acquisition reinforces our dedication to providing cutting-edge solutions and comprehensive support to our customers across various industries. Together, we are well-positioned to drive innovation, enhance operational efficiency, and meet the evolving needs of the global extrusion and converting market."
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Former ETG CEO and now president of ETG and member of Davis Standard executive leadership team Gerold Schley added: "We are delighted to embark on this new chapter as part of the Davis-Standard family of brands. The synergies between ETG and Davis-Standard present exciting opportunities for collaboration, innovation, and growth. We see numerous synergies that will allow us to integrate seamlessly, ensuring a smooth transition for customers of all brands."
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