Extrusion International 2-2024-USA

14 Extrusion International 2/2024 INDUSTRY NEWS Change in the Management Board TROESTER, the world's leading manufacturer of equipment for the rubber, cable and compounding industry from Hanover/Germany, is starting the new year with a signifi - cant change in the company's man- agement. As of January 1, 2024, Thomas Holzer will take over the position of CEO. Dr. Peter Schmidt, Managing Partner at TROESTER for many years, has handed over the position of CEO to Thomas Holzer. This step is part of the corporate strategy, which aims to maintain continuity in the management of the com- pany and at the same time provide new stimulation for the future de- velopment of TROESTER. Dr. Peter Schmidt will continue to actively support the company in his role as Managing Partner and CFO. Bernd Pielsticker will continue to manage the operational business as Chief Operating Officer (COO). His proven expertise and skills will therefore continue to make a sig- nificant contribution to the stabil - ity, efficiency and performance of TROESTER. "Our common goal in the Man- agement Board is to continue TRO- ESTER's success story and lead the company into new dimensions," says Thomas Holzer. TROESTER GmbH & Co. KG www.troester.de From left to right: Bernd Pielsticker, Dr. Peter Schmidt, Thomas Holzer Acquisition Completed Davis-Standard announced that it has completed the previously an- nounced acquisition of Extrusion Technology Group (ETG). The acquisition includes three esteemed brands: battenfeld-cin- cinnati, Exelliq, and Simplas. These additions officially join the Davis- Standard family, marking a signifi - cant milestone in the company's strategic expansion. The acquisi- tion further strengthens Davis- Standard's position as an industry leader, combining its expertise with the innovative technologies and market presence of battenfeld-cin- cinnati, Exelliq, and Simplas. With a shared commitment to excellence, the unified team is poised to deliv - er unparalleled solutions and sup- port to customers worldwide. "We are thrilled to officially wel - come battenfeld-cincinnati, Exelliq, and Simplas to the Davis-Standard family. This strategic acquisition re- inforces our dedication to providing cutting-edge solutions and com- prehensive support to our custom- ers across various industries," said Giovanni Spitale, CEO of Davis-Stan- dard. "Together, we are well-posi- tioned to drive innovation, enhance operational efficiency, and meet the evolving needs of the global ex- trusion and converting market." Former ETG CEO and now Presi- dent of ETG and member of Da- vis Standard Executive Leadership Team Gerold Schley stated, "We are delighted to embark on this new chapter as part of the Davis-Stan- dard family of brands. The synergies between ETG and Davis-Standard present exciting opportunities for collaboration, innovation, and growth." Schley added, “We see numerous synergies that will allow us to integrate seamlessly, ensuring a smooth transition for customers of all brands." Integrating these renowned brands into the Davis-Standard port- folio brings a wealth of knowledge, experience, and advanced technolo- gies. Customers can expect an ex- panded product offering, increased service capabilities, and a broader geographical presence to serve their unique requirements better. Davis-Standard remains commit- ted to delivering value to its custom- ers, partners, and stakeholders. The company is enthusiastic about the opportunities that this acquisition creates for collaboration, innova- tion, and growth. Davis-Standard, LLC www.davis-standard.com