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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