- February 02, 2012
PAWCATUCK, CT | On December 23, 2011, ONCAP, Onex’ mid-market private equity platform based in Toronto, Canada, acquired Davis-Standard from stockholders represented by Hamilton Robinson, including Davis-Standard management shareholders. The acquisition is part of Davis-Standard’s strategy to further expand its global extrusion and converting systems businesses. Hamilton Robinson’s involvement with the business dates back to 2003 with the acquisition of Black Clawson Converting Machinery, which later merged with Davis-Standard in 2005. Davis-Standard CEO Charlie Buckley will become chairman, with Robert Preston joining the company as new CEO.
In other news from Davis-Standard, the company will be promoting its product lines at NPE 2012, scheduled for April 1–5 at the Orange County Convention Center, Orlando, FL. A specific focus will be on equipment that supports energy efficiency and cost reduction. Featured will be technology covering extrusion, film air rings, film dies, and foam extrusion.