Davis-Standard is a global leader in highly engineered plastics processing systems.

www.davis-standard.com

Investment

C$114 million

Fund

ONCAP III

Period

December 2011-Present

ONCAP Team

Gregory Baylin
Stephen Marshall

Davis-Standard image

Transaction Summary

ONCAP acquired Davis-Standard (“Davis-Standard”) through a targeted industry focus and successfully partnered with management to acquire the majority of the business in December 2011.

Business Description

Davis-Standard is a global leader in highly engineered plastics processing systems, with a focus on the design, development and manufacturing of extrusion and converting systems. Davis-Standard employs approximately 1,150 employees and operates production facilities in the United States (3), Europe (3) and China (1).

Investment Thesis

ONCAP was attracted to Davis-Standard’s leading market position, breadth of technical capabilities, end-market and geographic diversity, long-standing customer relationships, strong free-cash-flow characteristics and experienced employee base and management team. The business also had many opportunities for growth, including: (i) strategic sourcing and improvement of manufacturing operations; (ii) new product development;
(iii) accelerating growth in aftermarkets and international markets; and (iv) completing acquisitions in a highly fragmented market.