Mergers & Acquisition

Davis-Standard Acquires Circonix Technologies

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Davis-Standard, LLC

1 Extrusion Dr., Pawcatuck, CT, 06379, USA

Original Press Release

Davis-Standard Acquires Circonix Technologies

Press release date: October 22, 2012

Expands Ability to Co-Engineer Solutions for Customers Worldwide

(Pawcatuck, Conn.) - Davis-Standard, LLC announced today the acquisition of Circonix Technologies of Ringwood, New Jersey. Circonix is a global leader in drive and control system retrofits for converting and extrusion equipment across all product lines. Acquiring Circonix extends Davis-Standard's aftermarket services, supporting the company's ability to upgrade PLC, drive and mechanical systems on thousands of existing installations worldwide, including non Davis-Standard brands.

"We're excited about the combined forces of Davis-Standard and Circonix," said Bob Florence, Davis-Standard's vice president of global sales and marketing. "Our combined capabilities improve our ability to co-engineer a broader range of solutions to improve functionality, process efficiency and profitability for our customers worldwide."

The acquisition aligns with Davis-Standard's commitment to help customers achieve greater value and productivity from their capital equipment investments.

According to Paul Bilotti, sales and marketing manager for Circonix, Davis-Standard's strength in the industry leverages the ability of both companies to better serve existing and new customers. Bilotti also noted that the Circonix organizational structure remains the same, including the existing teams and manufacturing facilities.

In addition to Circonix, Davis-Standard also acquires CX Systems, which provides turnkey machinery relocations including rigging, electrical, mechanical and plumbing modifications, and installations.

"Davis-Standard is the industry leader in both extrusion and converting systems. Joining their team combines our engineering capabilities and market reach, while broadening our knowledge base," explained Bilotti. "As an added benefit, the Circonix facilities in New Jersey and New York are in close proximity to Davis-Standard's R&D laboratories where we can test and validate engineering solutions with our customers."

For more information about the acquisition, contact Bob Florence at 860-599-6719 or via e-mail at bflorence@davis-standard.com.

CONTACT
Luann Kupka
Marketing & Sales Administration Manager
860-599-6262

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