Davis-Standard, LLC , a global provider of extrusion equipment and services, announced it has reached a definitive agreement to acquire FB Balzanelli S.p.A. (“FB Balzanelli”), a premier manufacturer of automatic and semi-automatic coilers serving the global pipe and tube market. Since December 2021, Davis-Standard has been majority owned by funds affiliated with Gamut Capital Management, L.P. (“Gamut”). The Company serves global infrastructure and packaging end-markets with a highly engineered suite of extrusion equipment and converting systems, supported by world-class aftermarket spare parts, service, and customer support. 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, U.S., FB Balzanelli is widely recognized as a global leader 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.
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.
