New Ownership Structure for Davis-Standard, LLC

PAWCATUCK, Conn.—On December 23, 2011, ONCAP, Onex’s mid-market private equity platform based in Toronto, Canada, acquired Davis-Standard, LLC from stockholders represented by Hamilton Robinson, LLC, including Davis-Standard management shareholders. The acquisition is part of Davis-Standard’s strategy to further expand its global extrusion and converting systems businesses. Hamilton Robinson’s involvement with the business dates back to 2003 with the acquisition of Black Clawson Converting Machinery, which later merged with Davis-Standard in 2005.