Nimbus has sold Battenfeld-Cincinnati, Exelliq and Simplas to Davis Standard, a portfolio company of Gamut Capital
Battenfeld-Cincinnati
Battenfeld-Cincinnati, Exelliq (formerly known as Greiner Extrusion) and Simplas together form Extrusion Technology Group (ETG), a well-established player in the global extrusion equipment and services sector with a history dating back to 1943. With a reputation for world-class engineering and innovation, ETG is a leader in the supply of extrusion equipment and downstream processing equipment in addition to extensive tooling, dies, spare parts and service capabilities for the global pipe, profile, film and sheet markets. ETG’s operations span Europe, the United States and Asia, with 12 locations and approximately 1,200 employees. In 2023, the company generated revenues of more than €280 million.
The Deal
The acquisition encompasses three esteemed brands: Battenfeld-Cincinnati, Exelliq and Simplas. All three brands officially join the Davis-Standard family, marking a significant milestone in the company’s strategic expansion. The transaction will strengthen Davis-Standard’s position as an industry leader and merge its expertise with the innovative technologies and market dominance of ETG. With a shared commitment to excellence, the unified team is poised to deliver unparalleled solutions and comprehensive support to customers worldwide.
Our Perspective
Richard Floto, Managing Director in Lincoln International’s Industrials Group who led the transaction, commented, “This project underscores Lincoln International’s expertise in navigating complex cross-border transactions amid various stakeholders, investors and advisors. Adding this transaction showcases our dedication to industrial products that promote infrastructure development and circular economy.”
“Lincoln International provided comprehensive support throughout the sell-side process, collaborating closely with shareholders during the marketing, negotiation and due diligence phase. Leveraging its expertise, Lincoln International effectively conveyed ETG’s unmatched market position and enthusiastic growth case to a diverse group of strategic and financial bidders,” added Friedrich Bieselt, Head of Business Services Europe, who co-led the transaction.
Nimbus
Founded in 1993, Nimbus is a private equity firm based in Zeist, Netherlands. The firm seeks to invest in medium-sized, Europe-based companies operating in industrial manufacturing, service and technical trade sectors.
Davis-Standard LLC
Davis-Standard, established in 1848 and headquartered in Pawcatuck, Connecticut, U.S., holds a global reputation as a leading provider of design, development, distribution and aftermarket service for extrusion and processing equipment. Its comprehensive range of systems spans over 11 product lines, catering to diverse manufacturing applications and clientele across industries such as infrastructure, construction, consumer goods, medical and packaging. With an international workforce of approximately 3,000 employees and a widespread network of independent sales representatives and suppliers operating in nearly every country, Davis-Standard is dedicated to the creation of cost-effective, environmentally sustainable systems that yield significant returns on investment.
Nimbus and ETG's private shareholders mandated Lincoln International to lead a structured sales process from preparation to due diligence. Lincoln International successfully orchestrated the process with participation from international parties, ranging from private equity groups to leading strategic contenders. By leveraging its network and sector knowledge, Lincoln International has also played a key role in convincingly communicating the future potential of ETG.
Meet our Senior Team
I am enthusiastic about creating sustainable growth and the highest value for our clients and strive to leave a positive footprint beyond any successful M&A transaction.
Friedrich Bieselt
Managing Director & Head of Business Services, Europe
Frankfurt
View More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.