“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.”
Terms of the transaction were not disclosed. Norton Rose Fulbright served as legal counsel to Davis-Standard. Tamburi Investment Partners S.p.A served as financial advisor, and Deloitte served as legal counsel to FB Balzanelli. To learn more please visit www.fb-balzanelli.it.
About Davis-Standard
Founded in 1848 and headquartered in Chicago, IL, Davis-Standard is a global leader in the design, development, distribution and aftermarket servicing of extrusion and converting technology. Our systems encompass over 11 product lines to support manufacturing applications and customers in a wide variety of industries, including infrastructure, wire & cable, building & construction, consumer products, medical and packaging.
With more than 2,400 employees worldwide and a network of independent sales agents and suppliers in nearly every country, Davis-Standard is committed to engineering systems that are cost-effective, environmentally friendly, and offer a high return on investment. The company has manufacturing and technical facilities in the United States, Canada, China, Germany, Finland, Switzerland, Austria, Italy, Czech Republic and the United Kingdom.
To learn more, please visit https://corporate.davis-standard.com/.
About Gamut Capital Management
Gamut Capital Management is a New York-based private investment firm managing in excess of $3 billion in assets focused on the middle market. Founded in 2015, Gamut’s senior deal professionals have executed investments in over 50 companies in North America and Europe.
To learn more, please visit www.gamutcapital.com
