Home

Search History

Clear History

Hot Searches

Change

Subscribe eNews

Once A Week Once Every Two Weeks

Applications

Unilever and partners co-fund US$21 million packaging circularity alliance

Researchers develop catalytic process to recycle PE and PP waste

Starlinger lines triple Indian recycler’s PET bottle-to-bottle capacities

Products

LANXESS celebrates 25 years of production for Qingdao site

Fakuma: Asahi Kasei's solutions for automotive and 3D printing

Kistler to present monitoring and quality inspection systems at Fakuma

Activities

Round Table at Fakuma 2023: “Plastic – Recyclable Rather Than Problem Material!”
ArabPlast 2023 – The Success Journey Continues………..
GREAT NEWS! INAPA 2023 IS COMING BACK 24 - 26 May 2023 at JIExpo Jakarta, Indonesia

Pictorial

Webinars

[Mandarin] Strategies for addressing common issues such as foreign matter and color mixing in hollow blow molding and casting film production - Insights from ASACLEAN

[English] Wanhua: Create high quality plastics material for sustainable lifestyle

[Mandarin] Diversified Hot Runner Solutions in Packaging Injection Molding

Conferences

6th Edition CPRJ Medical Plastics and Rubber Conference and Showcase

13th Edition CPRJ Plastics in Automotive Conference and Showcase

12th Edition CPRJ Plastics in Packaging Conference and Showcase

Industry Topic

ASEAN: The Next Manufacturing Hub

Innovative and Sustainable Packaging

Recycling and Circular Economy

CHINAPLAS

CHINAPLAS 2024 Focus

CHINAPLAS 2023 Focus

Exhibition Topic

CHINA FOCUS

K 2022 FOCUS

News Videos

Understand how to unlock 3 barriers of recycling automotive plastics

P&G demo box for reusable display solution

Jinming adds 5-layer co-extrusion POD blown film line

Conference Videos

【Mandarin session：Webinar playback】HUSKY:How to design and produce food and beverage packaging for the circular economy

【Mandarin session：Webinar playback】Chem-Trend:Brushing the Screw Teeth - Prevention and Cleaning of Carbon Contamination in Plastic Processing

【Mandarin session：Webinar playback】HUSKY: How demand for recycled PET is growing globally and the optimal way to integrate it into your packaging

Corporate/Product Videos

ENGEL adheres to the concept of circular economy, focuses on new plastics technology, and we are committed to provide our customers with suitable and high efficient injection molding solutions.

LSP -1600HDPE Three layer Solid Pipe Coextrusion Line

Zhuhai CPT Precision Mold Co.,LTD

Exhibition

Playback TECHHUB@CPRJ Live Streaming for CHINAPLAS

Events

Playback 5th Edition CHINAPLAS x CPRJ Plastics Recycling and Circular Economy Conference and Showcase

News

Events

Special

Video

Live

eNews

eBook

Event Calendar

Survey

CHINA FOCUS

Comment
(0)

Home > News > Corporate News

Davis-Standard to acquire Extrusion Technology Group

Source：Adsale Plastics Network Date ：2023-11-06 Editor ：RC

Copyright： This article was originally written/edited by Adsale Plastics Network (AdsaleCPRJ.com), republishing and excerpting are not allowed without permission. For any copyright infringement, we will pursue legal liability in accordance with the law.

Davis-Standard, LLC announced that it had reached a definitive agreement to acquire the Extrusion Technology Group (ETG) from entities controlled by the Dutch Investor Nimbus. The acquisition is subject to customary closing conditions.

davis standard&ETG_480.jpg

Davis-Standard reached agreement to the acquisition of ETG.

ETG is a supplier of extrusion equipment and downstream processing equipment, in addition to extensive tooling, dies, spare parts, and service capabilities, for the global pipe, profile, film and sheet markets. Its operations span Europe, the US, and Asia and includes long-established and storied brands, such as Battenfeld-Cincinnati, Exelliq and Simplas.

Giovanni Spitale, CEO of Davis-Standard, commented that the acquisition of ETG would be highly complementary and diversifying to the fast-growing Davis-Standard. The company intended to establish the ETG business as a standalone segment that continue to serve its base of customers with additional support and capabilities from Davis-Standard platform.

“This merger is a great outcome that we believe will create a best-in-class, diversified global supplier of highly engineered extrusion equipment,” added Gerold Schley, CEO of ETG, who will join the Davis-Standard senior leadership team and continue to manage the ETG business after closing of the transaction.

Terms of the transaction were not disclosed.