Davis-Standard Acquires Extrusion Technology Group (ETG) from Nimbus
October 31, 2023
Davis-Standard, a portfolio company majority owned by Gamut Capital Management, has agreed to acquire the Extrusion Technology Group (ETG) from entities controlled by Dutch investor Nimbus. The acquisition expands Davis-Standard's extrusion equipment and services portfolio by adding ETG's brands (including Battenfeld-Cincinnati, Exelliq and Simplas) and global aftermarket capabilities; terms were not disclosed.
- Buyers
- Davis-Standard, Gamut Capital Management
- Targets
- Extrusion Technology Group
- Sellers
- Nimbus (entities controlled by the Dutch investor Nimbus)
- Industry
- Manufacturing
- Location
- Germany
- Transaction Type
- Buyout
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