Davis-Standard to acquire Italian pipe coil maker FB Balzanelli
Extrusion machinery provider Davis-Standard says it has reached a definitive agreement to acquire FB Balzanelli, a manufacturer of automatic and semi-automatic coilers serving the global pipe and tube market. Terms were not disclosed. The transaction is expected to close following customary approvals and conditions.
Headquartered in Milan with manufacturing operations in Fano, Italy and an aftermarket sales office in Tennessee, US, FB Balzanelli specialises in coiler technology. Founded in 1994 by Vincenzo Balzanelli, the family-owned company has sold more than 1,400 coilers worldwide, with a yearly capacity of 125 coilers and installations in over 60 countries. Its equipment portfolio spans high-speed coilers, large-diameter coilers, and fully integrated automation systems incorporating palletization, wrapping, and accessory automation.
“We are delighted to welcome FB Balzanelli to the Davis-Standard family of brands,” said Steve Andrews, CEO of Davis Standard. “Coilers play a pivotal role in end-of-line automation for pipe and tube extrusion, and FB Balzanelli has established itself as the partner of choice for customers worldwide. This acquisition strengthens our end-to-end extrusion solutions and establishes a dedicated coiler centre of excellence in Italy.”
Founded in 1848 and headquartered in Chicago, Davis-Standard has since December 2021, been majority owned by funds affiliated with private investment firm Gamut Capital Management.
The company serves global infrastructure and packaging end-markets with a highly engineered suite of extrusion equipment and converting systems, supported by aftermarket spare parts, service, and customer support. Its 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, the company has manufacturing and technical facilities in the US, Canada, China, Germany, Finland, Switzerland, Austria, Italy, Czech Republic and the UK.
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