DAVIS-STANDARD
Extrusion system specialist acquired by Onex investment firm
On 23 December 2011, Canadian investment firm Onex (Toronto; www.onex.com) invested in an early Christmas gift, buying extrusion systems specialist Davis-Standard (DS, Pawcatuck, Connecticut / USA; www.davis-standard.com) from Hamilton Robinson (Stamford, Connecticut / USA; www.hrco.com). Financial details of the deal were not disclosed, although Davis-Standard said it would use the fresh capital injection to further expand its global extrusion and converting systems businesses.
Under the terms of the deal, Davis-Standard’s management is to remain in place, with existing CEO Charlie Buckley moving from CEO to chairman, while Robert Preston will join the company as new CEO.
Under the terms of the deal, Davis-Standard’s management is to remain in place, with existing CEO Charlie Buckley moving from CEO to chairman, while Robert Preston will join the company as new CEO.
10.01.2012 Plasteurope.com [221246-0]
Published on 10.01.2012
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