Austria: Schoenherr advises Davis-Standard on acquisition of Extrusion Technology Group
Schoenherr advised Davis-Standard, LLC ("Davis-Standard"), a global leader in the extrusion equipment and services sector, alongside Kirkland & Ellis, on the acquisition of Extrusion Technology Group ("ETG") from Dutch investor Nimbus. The acquisition is subject to customary closing conditions.
Founded in 1848 and headquartered in Pawcatuck, Connecticut, Davis-Standard is a global leader in the design, development, distribution and aftermarket servicing of extrusion and converting technology. Davis-Standard has manufacturing and technical facilities in the United States, Canada, China, Germany, Finland, Switzerland and the United Kingdom, with more than 1,400 employees worldwide.
ETG is a well-established player in the global extrusion equipment and services sector. ETG's operations span Europe, the United States and Asia.
The Schoenherr team advising on the transaction was led by Maximilian Lang (partner) and Christian Herbst (partner) and further consisted of Zurab Simonishvili (attorney at law), Volker Weiss (partner), Evelin Hlina (counsel), Beatrix Schima (associate), Markus Fasching (associate), Constantin Benes (partner), Teresa Waidmann (counsel), Alexander Pabst (attorney at law) and Nina Zafoschnig (attorney at law).