Davis-Standard, a global leader in extrusion equipment and services, announced it has reached a definitive agreement to acquire FB Balzanelli S.p.A., a premier manufacturer of automatic and semi-automatic coilers serving the global pipe and tube market. Since December 2021, Davis-Standard has been majority owned by funds affiliated with Gamut Capital Management. The Company serves global infrastructure and packaging end-markets with a highly engineered suite of extrusion equipment and converting systems, supported by world-class aftermarket spare parts, service, and customer support. The transaction is expected to close following customary approvals and conditions.
Headquartered in Milan with manufacturing operations in Fano, Italy and an aftermarket sales office in Tennessee, U.S., FB Balzanelli is widely recognized as a global leader in coiler technology. Founded in 1994 by Vincenzo Balzanelli, the family-owned company has sold more than 1,400 coilers worldwide, with a yearly capacity of 125 coilers and installations in over 60 countries. Its equipment portfolio spans high-speed coilers, large-diameter coilers, and fully integrated automation systems incorporating palletization, wrapping, and accessory automation.
“We are delighted to welcome FB Balzanelli to the Davis-Standard family of brands,” said Steve Andrews, CEO of Davis Standard. “Coilers play a pivotal role in end-of-line automation for pipe and tube extrusion, and FB Balzanelli has established itself as the partner of choice for customers worldwide. This acquisition strengthens our end-to-end extrusion solutions and establishes a dedicated coiler center of excellence in Italy. We are honored to carry forward the proud legacy of the Balzanelli family while supporting the continued growth of this outstanding business and its employees. We also look forward to sharing this exciting news in person with many of our global customers at the upcoming K Show in Düsseldorf.”
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“This is an exciting milestone for our company and our employees,” said Alessandro Balzanelli, Managing Director of FB Balzanelli. “Since my father Vincenzo founded FB Balzanelli, our family and team have been dedicated to advancing coiling and automation technologies that help customers worldwide improve efficiency and product quality. Joining Davis-Standard provides the global reach, resources, experience, and complementary expertise needed to further accelerate our innovation and service while delivering even greater value to our existing and new customers. We are proud to join the Davis-Standard family and look forward to collaborating with the team and learning more for years to come.”
SOURCE: Businesswire