Portugal's Amorim acquired a 60% stake in Bourrassé, a cork stopper producer based in Tosse, Landes, for EUR 29 million. Amorim holds an option on the remaining capital until 2022.
Saica acquired French group Emin Leydier, a paper and corrugated packaging maker with eight French plants and 1,029 employees, adding 800,000 tonnes of recycled paper capacity. The deal was announced on 28 February 2018 and no price was disclosed.
EDF signed binding agreements to buy 75.5% of New NP, a subsidiary combining AREVA's reactor design and manufacturing activities, at an adjusted valuation of EUR 2.47 billion for 100%, with Mitsubishi Heavy Industries and Assystem taking 19.5% and 5% stakes.
Virojanglor, a French metal packaging maker, agreed to acquire Interesting Sourcing, a France-based manufacturer of multi-material packaging. Virojanglor expected consolidated revenue of about 25 million euros in 2018.
GPack Group signed an agreement with Oaktree Capital Management to acquire Alliora Coffrets in Fougères, France, with Alliora's capital increased by 7 million euros to expand its gift-box business.
Citic Capital agreed to buy French packaging company Axilone from Oaktree Capital Management, announced on November 6, 2017. Banks have lined up about €420m of leveraged loans to finance the buyout, with Axilone's EBITDA around €55m.
Sferaco, a subsidiary of Thermador Groupe, has opened negotiations to buy 100% of Groupe Valfit, a Bussy Saint-Georges company that sells connectors, meters and valves to wholesalers, with a deal targeted by end of January 2018. Valfit reported 2016 turnover of EUR 5.9 million. No price was disclosed.
SAICA has entered negotiations to acquire Emin Leydier, a French corrugated paper packaging manufacturer with eight French sites and over 1,000 employees, which generated EUR 356 million revenue in 2016; First Eagle holds about 53% of it.
Ortec agreed on 25 July 2017 to acquire 100% of the Brunet group, a French specialist in electrical, thermal and low-current installation and maintenance with about 140 million euros revenue and 950 staff.
MLD, a maker of motorized industrial valve actuators, acquired PFS, an independent northern French company with about EUR 5 million in revenue and 30 employees. The deal also diversifies MLD into fluid management from storage to distribution.
Faurecia acquired exclusive access to intellectual property and process know-how for composite hydrogen tanks from Stelia Aerospace Composites, to develop high-pressure tanks for fuel cell electric vehicles.
Sulzer is in discussions to acquire Ensival Moret from Moret Industries for an enterprise value of about $83.6 million. Ensival, founded in 1905 and based in Saint-Quentin, France, had sales of about $120 million in 2015.
Swiss Sulzer is negotiating exclusively to buy French pump maker Ensival Moret for CHF 85 million (about EUR 80 million), with closing possible in Q2 2017 subject to shareholder approval, reported November 28, 2016.