Kobe Steel has acquired an additional 25.7% stake in Wuxi Compressor from Wuxi Victor Group, raising its holding to 70% and making it a subsidiary. Wuxi Compressor makes non-standard process gas compressors in Wuxi, Jiangsu.
Ball Corporation agreed to sell its metal beverage can and end plants in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for approximately $225 million, plus potential additional consideration. Ball will license its technology to ORG and reinvest about $50 million in ORG's shares.
Metso agreed to sell its 50% stake in Shanghai-Neles Jamesbury Valve Co. to Shanghai Electric International Economic & Trading, its joint venture partner. Metso will move Jamesbury valve production to its Shanghai Technology Center.
Chuanrun (002272.SZ) plans to buy a 75% stake in Jiangsu Ousheng Hydraulic Technology, a maker of hydraulic plunger pumps and valves in Qidong, for RMB 41.25 million funded from internal resources.
Amsted Seals acquired Clark Seals Ningbo, to be renamed Amsted Seals Ningbo, an IATF-certified seal plant in Ningbo, China. A 10-year commercial agreement makes Clark Seals LLC a preferred distributor.
HCT announced it has acquired 100% control of HCT Kent Packaging Ltd., a Chinese plant co-founded in 2006 with Taiwanese businessman Kent Lee. The 47,000 square metre facility makes plastic injection-moulded, extrusion-blow and injection-blow moulded packaging for beauty brands.
Marelli agreed an equity transfer agreement with Johnson Controls-Hitachi to acquire an equity interest in Shanghai Highly New Energy Technology, an electric compressor maker, with completion estimated in Q3 2019.
Rengo became the sole owner of its Chinese joint venture Dalian United Packaging Products by taking over its partner's equity stake. The company makes corrugated cardboard sheets and cases in Dalian.
Nine Dragons Paper announced it will acquire equity in nine Hong Kong and mainland China packaging companies from their owners for about RMB 628 million, plus a 40% stake in a corrugated packaging joint venture. The deal is aimed at integrating upstream and downstream packaging operations.
Meson AB signed an agreement to acquire LK Valves, a marine flow control producer, including its production facility in Changzhou, China; the companies will merge under the Meson name.
COFCO Packaging's subsidiary agreed to buy a 23% stake in Wuxi Huapeng Bottle Cap from Crown Asia Pacific for RMB 53.3987 million, raising its holding to about 84.48%.
Zhejiang Doyin Pump Industry agreed in April 2019 to acquire Shandong Luoxin Pharmaceutical through a reverse merger valued at CNY 7.5 billion. The deal was reported as completed at the end of 2019.
The China buyout fund CITIC Capital Partners acquired a 33% stake in China Merchants Loscam, a pallet and returnable packaging pooling provider, from Sinotrans. Sinotrans retains a 45% stake. Financial terms were not disclosed.
Ball Corporation agreed to sell its metal beverage packaging facilities in Beijing, Foshan, Hubei and Qingdao, China, to ORG Technology for about $225 million, plus potential relocation-related consideration. The deal is expected to close in the second half of 2019.
Edelmann Group acquired 100% of Elanders Beijing Printing Co., Ltd from Elanders AB, adding a folding carton and rigid box site in Beijing that expands its network to 21 sites.
Japanese compressor maker Anest Iwata has acquired a 51% stake in Shanghai Screw Compressor, known as SCR Comp, to fund new products such as high-speed turbo machines and quality control improvements.
Bucher Hydraulics acquired an 80% majority stake in Wuxi Deli Fluid Technology, a Chinese maker of hydraulic pumps and compact power units, to form a joint venture in Wuxi, Jiangsu Province, subject to Chinese approval. Wuxi Deli generated about US$40.45 million in revenue in 2017.
Bucher Hydraulics agreed to acquire an 80% stake in Wuxi Deli Fluid Technology, a Chinese hydraulic pump and compact power unit maker, forming a joint venture in Wuxi, Jiangsu. The deal is subject to Chinese government approval.
Dongfeng Parts and Components Group and Fawer Automotive Parts agreed on 31 May 2018 in Wuhan to set up Dongfeng Fawer Pump Industry, a joint venture in Shiyan New Industrial Park, Hubei, to make pumps for commercial, passenger and electric vehicles. The venture targets RMB 260 million revenue by 2023.
Ingersoll Rand agreed to acquire Shanghai Hanye, an OEM supplier of air treatment products in China, as part of three acquisitions totaling about $35 million in cash.
New Island Printing (Liaoning) agreed to acquire Yi Hua Green Packaging Printing from Huajun Enterprise (Yingkou) for CNY 30 million ($4.7 million), making it an indirect subsidiary of Huajun Holdings.
Hengan subsidiary Hengan Mega Jumbo Investments plans to acquire a 100% stake in Sunway Kordis Holding from Starmix for CNY 145 million ($23.05 million).
Standard Motor Products formed a 50/50 joint venture, Foshan FGD SMP Automotive Compressor, with China-based Foshan Guangdong Automotive Air Conditioning, investing approximately US$12.5 million to make automotive air conditioning compressors.
Huzhou Fengling Huoshan Equity Investment Partnership acquired a 9.82% stake in Jiangsu Shentong Valve from a group of shareholders for approximately CNY 380 million on November 23, 2017. The deal covers 47.7 million shares at CNY 7.88 per share.
Pact Group has bought two Reynolds companies in Asia, according to Plastics News. The article gives no further details on location, price or date beyond December 5, 2017.
Blackstone Group has reportedly agreed to acquire ShyaHsin Packaging (China) for about $800 million to $900 million, according to sources cited by Reuters, and is arranging about $600 million of loan financing. The report was dated November 10, 2017.
Detmold Group agreed to buy Heshan Innopak Co. Ltd. from Novolex, a packaging manufacturer in Heshan, Guangdong, China. The transaction is expected to be completed by the end of August 2017.
Faurecia signed a joint venture agreement with Dongfeng Motor Parts & Components Group for its Clean Mobility business in Wuhan, China, on 4 July 2017. The JV is set to start operations in 2018.
Cameron has agreed with CNPC to set up a joint venture to manufacture pipeline ball valves. The valves will mainly support CNPC's pipeline construction across China over the coming decade.
Vallourec closed the purchase of a 50.61% stake in Chinese seamless tube maker Anhui Tianda Oil Pipe, raising its total holding to 70.07%. The two transactions valued TOP's share at about 175 million US dollars.
Amcor agreed to acquire Hebei Qite Packing, a Chinese flexible packaging company, for RMB 185 million (about USD 28 million). The deal is expected to expand Amcor's flexible packaging business in Asia.