Double E Acquires Daven
Chattanooga, TN, June 2, 2022
River Associates Investments (“River Associates”), a longstanding lower middle market private equity firm based in Chattanooga, TN, announced the acquisition of Daven Manufacturing LLC (“Daven”) by its West Bridgewater, MA based portfolio company Double E Company LLC (“Double E”). The acquisition closed on June 2, 2022. Terms of the transaction are not being disclosed.
Headquartered in Fairfield, NJ, Daven offers a number of standard and custom-engineered solutions that will augment Double E’s already extensive line of critical converting products. Notable among Daven’s products are its outstanding trim winders and customized button shaft and chuck solutions. These products will have an immediate impact with Double E customers.
“We are very pleased to welcome Daven into the Double E Group of Converting Industry Specialists,” says Tom Pranka, CEO of Double E. “The addition of Daven broadens our reach into the production floor, continuing our mission to deliver productivity and safety solutions that solve operational challenges throughout the converting industry.”
With the addition of Daven Manufacturing, Double E deepens its commitment to its customers as their single source for critical converting solutions that drive the industry forward. Featuring the industry’s premier sales force, Double E’s extensive network of knowledgeable Territory Managers offer their customers a single point of contact for identifying and solving safety and production challenges throughout their facilities.
ABOUT DOUBLE E COMPANY
Double E Company is the premier supplier of engineered solutions for Core Chucks, Core Shafts, Reel Spools, Safety Chucks, Core Plugs, and associated accessories to the global web handling industry. Its recent acquisitions of Schlumpf (2019), Convertech (2018), Appleton Mfg. (2016), and Epoch Industries (2015) broadened the company’s product offerings to include Core Cutters, Material Handling Solutions, Salvage Technologies, and Idler Rollers. To learn more, please visit ee-co.com.
Founded in 1976, Daven offers a full line of critical equipment for the Web Converting Industry. Chief among their product offerings are Portable Pneumatic Trim Winders and Oscillators as well as air shafts, mechanical pneumatic chucks, safety chucks and material handling products. To learn more, please visit davenmfg.com.