ONCAP-backed Davis-Standard buys Gloucester Engineering
Davis-Standard LLC, a portfolio company of Canadian private equity firm ONCAP, has acquired Gloucester Engineering Co Inc, an equipment manufacturing company for the blown film plastics industry. No financial terms were disclosed. Davis-Standard, a maker of extrusion and converting systems, said the deal will give it design and process engineering capabilities, a large installed base, and greater aftermarket capabilities worldwide. In late 2011, ONCAP, the mid-market investment platform of Onex Corp, acquired a majority stake in the Pawcatuck, Connecticut-based company. The investment was valued at US$110 million.
9 September 2015•2 mins read
