Jim Murphy, chief executive of Davis-Standard, shakes hands with James Naughton of Thermoforming Systems LLC (TSL)

Extrusion technology giant Davis-Standard has acquired Thermoforming Systems (TSL), a supplier of thermoforming equipment to the North American food packaging industry. Davis-Standard’s chief executive Jim Murphy welcomed the move to buy the Washington, US-based business, calling it the market leader in thermoforming equipment for high-volume packaging. James Naughton, president of Thermoforming Systems, added: “Davis-Standard has…