Stout Advises on Sale of Deacro Industries to Davis-Standard
Stout announced that Deacro Industries, Ltd., a portfolio company of Spell Capital Partners, has been acquired by Davis-Standard, LLC, a global leader in the design, development, and distribution of extrusion and converting technology. Stout served as exclusive financial advisor to Spell and Deacro in connection with this transaction.
Deacro, headquartered in Mississauga, Ontario, designs, manufactures, and assembles high-performance slitting, rewinding, and roll handling equipment for the converting process of paper, film, and foil materials. Clarence Beishuizen, President of Deacro, said, “We are very pleased to join Davis-Standard, an organization that shares our business values and long-standing reputation as a global leader in the industry.”
Spell Capital is a private equity firm based in Minneapolis, specializing in manufacturing investments. Paul Meyering, Senior Managing Director at Spell, said, “Stout did an excellent job with this transaction, and we feel that Deacro is well-positioned to continue its success and growth with Davis-Standard.”
David Evatz, Managing Director and head of the plastics industry practice at Stout, added, “Deacro has a strong reputation for designing and manufacturing some of the highest-quality products in the industry. It was a pleasure working with Spell and Deacro on this transaction.”
Stout’s Michael Brocious and Steven Simone assisted in executing the deal.
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