Gamut Capital-backed Davis-Standard to acquire Extrusion Technology Group from Nimbus.

Gamut Capital-backed Davis-Standard, a supplier of extrusion and converting systems agreed to acquire Extrusion Technology Group, an extrusion equipment and services company, from Nimbus, a private equity firm. Financial terms were not disclosed. “We have long admired ETG’s capabilities and highly engineered products and are thrilled to welcome ETG into the Davis-Standard family of brands. The acquisition of ETG will be highly complementary and diversifying to our fast-growing enterprise, and we believe it will allow Davis-Standard to provide a broader and deeper product portfolio to our customers. We intend to establish the ETG business as a standalone segment that will continue to serve its base of customers with additional support and capabilities from the broader Davis-Standard platform. We believe that the combination of our world-class engineering capabilities, our global scale, and the sharing of best practices will only enhance our ever-expanding value proposition in the extrusion value chain," Giovanni Spitale, Davis-Standard CEO.