SIG Combibloc agreed to acquire Visy Cartons Pty Ltd from Pratt Consolidated Holdings' VisyPak unit for AU$70 million, subject to customary conditions. Visy Cartons produces SIG aseptic cartons under licence in Australia and New Zealand.
Nippon Paper Industries signed an agreement to buy Orora Limited's paperboard packaging business in Australia and New Zealand, including the Botany paper mill, for an enterprise value of AUD 1.72 billion in cash.
Private equity firm Allegro Funds has agreed terms to take a stake in Questas Group, an Australian provider of hydraulic, irrigation, pump and engine solutions.
AxFlow Group's Brown Brothers Engineers/Kelair Pumps acquired GT Water Technologies, a family-owned maker of fire water tanks in the Melbourne area, in Q1 2019.
ELGi Equipments, an Indian air-compressor manufacturer, has acquired Pulford Air and Gas, an Australian compressed air business with nearly $20 million annual turnover, expanding its product range to 450 kW machines.
Detector Technology (DeTech), a US analytical instrument contract manufacturer, acquired Sydney-based electron multiplier manufacturer ETP Ion Detect Pty Ltd. Financial terms were not disclosed.
Duni acquired 75% of BioPak Pty Ltd, a supplier of sustainable disposable food service packaging in Australia and New Zealand, for approximately SEK 410 million. A further 20% stake is subject to put and call options after five years.
Swedish-based AxFlow agreed to buy the pump trading businesses of Mace Group, including Brown Brothers Engineers, Brown Brothers Engineers Australia and Kelair Pumps Australia, with the sale effective 1 October 2018.
Elgi Equipments completed the full acquisition of Australian compressor distributor FR Pulford & Son and its subsidiary Advanced Air Compressors, trading as Pulford Air and Gas, for an upfront cash cost of about A$11.04 million. The deal was announced on 2018-08-01.
Indian air-compressor maker ELGi Equipments completed the 100% acquisition of Sydney-based distributor F.R. Pulford & Son (Pulford Air and Gas) for approximately A$15.05 million, entering the Australian market.
ASX-listed Pro-Pac Packaging Group agreed to buy Victoria-based flexible packaging maker Perfection Packaging for $49.8 million, funded by a capital raising. The factory in Dandenong South employs 100 people.
Landis+Gyr and Pacific Equity Partners agreed to form a joint venture, intelliHUB Holdings, to acquire the Acumen smart metering business from Origin Energy in Australia, with combined equity value up to AUD 75 million.
Atlas Copco announced plans to acquire an Australian mining service business. The article provides no further details on the target, value or closing timeline.
HEROSE has acquired a majority shareholding of 51% in Australian valve manufacturer Mack Valves, which has plants in Melbourne and Pune, India.
Integrated Packaging Group agreed a merger with Pro-Pac Packaging in a share sale deal valued at $177.5 million, creating a flexible packaging leader across Australia and New Zealand. Shareholder vote is expected end of October with tentative completion November 6, 2017.
Sydney-based Pro-Pac Packaging agreed a share sale to merge with Integrated Packaging Group in a A$177.5 million deal, creating a flexible and industrial packaging business, with completion proposed for 6 November after a shareholder vote.
WestRock announced the acquisition of Hanna Group Pty Ltd (Hannapak), a folding carton provider in North Richmond, New South Wales, for AUD 75 million in cash. The business converts about 30,000 tons of paperboard a year.
Chinese NEEQ-listed Youji (优机股份) announced it will acquire a 21.86% stake in Australian valve and engineering company AVE for RMB 958,900 (about 95.89万 yuan), raising its holding to 72.86%.
Japan Pulp and Paper plans to take a 51% stake in the merged Australasian paper distributor formed from BJ Ball (PagePack) and K.W. Doggett, with the merger possibly as soon as July 2017. The deal is estimated at nearly 7 billion yen, with the remaining 49% possibly acquired later.
Taiyo Nippon Sanso will acquire an unnamed Australian industrial-gas company this year to expand its industrial-gas operations in Australia. The deal is part of its effort to strengthen its overseas network.
Precision Global, a portfolio company of Peak Rock Capital and maker of valves and dispensing solutions, has acquired Australian plastics maker Ralpet Plastics Pty Ltd. The deal was reported on 2016-10-14.