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11-03-2006

Davis-Standard: Aquired by Management and Investor

Davis-Standard, LLC has been acquired by management and an investor group led by Hamilton Robinson LLC, a Stamford, CT based private equity firm. The acquisition supports Davis-Standard’s strategy to grow its global converting and extrusion systems businesses as well as Chemtura Corporation’s decision to divest of a non-core business and focus instead on their specialty chemical business.

It has only been eighteen months since Davis-Standard and Black Clawson Converting Machinery, Inc. merged. Management’s outlook remains extremely positive as they continue executing strategies to reduce lead times, win market share and expand the business globally in support of existing and new customers.

The new ownership structure will continue to be led by the existing Davis-Standard management team and the company’s financial strength will be preserved under the new capital structure.

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