Fairfax-backed Maxop Engineering has bought a majority stake in Pune-based Faith Automation Systems and Tooling, a design and engineering firm that automates production lines for vehicle manufacturers. The enterprise value is estimated at Rs 400-500 crore.

Aeroflex Enterprises disclosed to the BSE on 23 October 2026 that it has agreed a deal to acquire an equity stake in Stilonn Valves and Controls Private Limited, a valve maker. No deal value was stated.

Aeroflex Neu's board approved a US$2.17M (about $1.68M) purchase of 7.27 lakh equity shares in Stilonn Valves and Controls, lifting its stake to a controlling 51.01%. The deal adds precision industrial valve manufacturing to Aeroflex Neu's portfolio.

EPL and Indovida signed definitive agreements to merge their flexible and rigid PET packaging businesses into a group valued at about USD 2 billion with roughly USD 1 billion in revenue. Indorama Ventures will hold 51.8% and Blackstone 16.6%, pending regulatory and shareholder clearances.

Dover signed a definitive agreement to acquire Leistung Engineering of Ahmedabad, India, a maker of cryogenic valves for LNG and industrial gas, which will join OPW Fluid Transfer Solutions. Closing is expected in Q4; terms were not disclosed.

Canpac acquired Ahmedabad-based folding carton and rigid box maker Krishna Creation, its fifth acquisition, to expand its premium packaging business in India.

Essel Propack (EPL) and Indovida India agreed to a merger, to be approved by regulators and shareholders, with Indorama Ventures to own 51.8% of the combined company. The combined platform is valued at about $2 billion, and completion is expected within 12 months. The deal value is not disclosed.

The Competition Commission of India approved the merger of Indovida India with and into EPL Limited, a packaging company, as reported on May 26, 2026.

TIL Limited acquired a majority stake in Tulip Compression Private Limited, which packages, assembles and maintains gas compression equipment for CNG and LNG applications. The transaction was reported on 28 April 2026.

Orion Kikai will take a 70% stake in a new vacuum pump manufacturing and sales joint venture in India with its distributor Kumark Vacuum Systems, which holds 30%. Orion will invest 200 million yen, and the company will be established in April 2026 for local assembly of pumps.

Marzocchi Pompe holds a 45% stake in Marzocchi Pumps India Private Limited, a joint venture with Dantal Hydraulics, which owns 55%; the company was established in April 2026.

Indorama Ventures agreed to merge its Indian packaging unit Indovida India with EPL, a Blackstone-backed company, in a deal reported at about $2 billion. The merger follows Indorama's earlier purchase of a 24.9% EPL stake from Blackstone.

Indorama Ventures' board approved merging its Indovida India packaging unit into listed EPL Limited, with Indorama expected to hold about 51.8% of EPL after completion. The total transaction value is about INR 62,558 million, and completion is expected within 12 months.

Indian packaging company EPL agreed to merge with Indovida, the rigid packaging venture of Indorama Ventures, in a share-swap deal valuing the combined business at about $2 billion. Indorama will hold 51.8% of the combined company and Blackstone about 16.6%.

Siegwerk announced the acquisition of Hi-Tech Inks, adding production capabilities and product range in India for packaging converters and brand owners.

JK Paper Limited acquired a 72% equity stake in Borkar Packaging Private Limited for INR 235 crore in a first tranche, with further tranches to reach 100% within four years. The deal, advised by Shardul Amarchand Mangaldas, is part of JK Paper's push into folding cartons; the article is dated 12 November 2025.

Kanpur Plastipack Limited's board approved a 50:50 joint venture with Italy's Essegomma. The article gives no financial terms or product details.

Time Technoplast signed an MoU to acquire a 74% equity stake in Ebullient Packaging, a FIBC and packaging maker, at an enterprise value of about ₹200 crore. Completion is expected in 4 to 6 months, subject to due diligence.

CIRCOR International signed a definitive agreement to acquire Indian pump manufacturers Swelore Engineering and Hiro Nisha Systems, which will join its Allweiler India business. Closing is expected in Q3/Q4 2025, subject to conditions.

JK Paper agreed to acquire a 72% controlling stake in Goa-based folding carton maker Borkar Packaging for about Rs 235 crore ($27 million) in cash, with the remaining 28% to follow over four years.

Manjushree Technopack, backed by PAG, is reportedly in talks to acquire four to five packaging assets for a combined $150-180 million, with two deals in advanced stages, according to people familiar with the matter.

kdc/one and Clarion Group signed a joint venture agreement in Chennai to establish kdc/one Clarion Beauty Pvt Ltd, which will build a new injection-moulding and metallized beauty packaging plant in Gujarat within 12 months.

Indorama Ventures agreed to acquire a 24.9% minority stake in Essel Propack from Blackstone funds for $220 million at INR 240 per share. The deal is pending customary approvals.

Atlas Copco Group has acquired Trident Pneumatics, a Coimbatore, India maker of compressed air dryers, filters and on-site gas generators. Trident has 113 employees and about INR 1 billion in annual revenue.

Yokogawa Electric Corporation of Japan acquired Indian company Adept Fluidyne Pvt. Ltd., as announced by Yokogawa India Limited. The deal value was not disclosed.

Ingersoll Rand completed its acquisition of UT Pumps & Systems Pvt. Ltd on October 1, 2024, for $11.7 million. UT Pumps joins the Precision and Science Technologies segment; the company also bought Blutek and APSCO in a combined deal of about $135 million.

PMC Hydraulics Group, under parent Dacke Industri, agreed in July 2024 to acquire the remaining shares of Indian hydraulic distributor Hydroquip Hydraulics, making it 100% owned.

Kirloskar Pneumatic Company signed a memorandum of understanding on 21 June 2024 to acquire a 54.55% equity stake in refrigeration firm Systems and Components India for around Rs 15 crore in cash.

Ingersoll Rand acquired Del PD Pumps & Gear Pvt Ltd of India, a maker of rotary, twin and triple gear pumps, as part of a combined roughly $150 million deal for four companies.

Manjushree Technopack has signed definitive agreements to acquire the plastics packaging business of Oricon Enterprises (Oriental Containers), a maker of plastic caps, closures and preforms. The deal is valued at INR 520 crore and adds plants in Goa and Odisha, subject to customary conditions.

Ingersoll Rand Inc acquired Del PD Pumps & Gear Pvt Ltd, an India-based maker of rotary, twin and triple gear pumps, in Q2 2024.

Yokogawa Electric signed an agreement to acquire Adept Fluidyne Pvt. Ltd., a leading Indian electromagnetic flowmeter manufacturer based in Pune, Maharashtra. The deal is expected to close by the end of March 2024 and gives Yokogawa a local manufacturing base in India.

PiovanGroup acquired an additional 1% equity stake in Nu-Vu Conair Private Ltd, bringing its collective holding to 51% and consolidating its position in India's plastics and polymer processing market.

Amcor Flexibles' Indian subsidiary is set to acquire Essel Propack's 100% owned Packaging India Pvt. Ltd, a flexible packaging maker with plants in Tamil Nadu and Uttarakhand, for full cash consideration with an enterprise value of Rs 165 crores.

Tecnik Fluid Controls and ITT have formed a joint venture, with an initial investment from ITT, to manufacture valves for the pharmaceutical industry in India.

KSB Limited has acquired the technology of Bharat Pumps & Compressors Ltd, becoming its sole owner, and will use its SupremeServ unit to handle spare parts and service for about 5,000 BP&CL products in India.

Japanese paper and packaging manufacturer Rengo acquired a 30% interest in Indian corrugated packaging manufacturer Velvin Containers, which will be renamed Velvin Rengo Containers. Financial terms were not disclosed. Velvin is developing a corrugated plant near Chennai.

Velvin Group and Japan's Rengo formed a joint venture for an upcoming corrugation unit in Cheyyar, Tamil Nadu, with Rengo taking a 30% equity stake. Velvin Containers will be renamed Velvin Rengo Containers Private Limited.

JK Paper signed a share purchase agreement to acquire 100% of Manipal Utility Packaging Solutions for about Rs 90 crore, a maker of folding cartons, corrugated boxes and labels with four plants in India. Completion is expected within six weeks.

Munters has signed an agreement to acquire ZECO Aircon Limited, an Indian air treatment manufacturer headquartered in Gurgaon, for an estimated enterprise value of MSEK 790. The deal is expected to close before year-end and will be financed through existing credit facilities.

Amcor agreed to acquire Phoenix Flexibles, which operates one flexible packaging plant in Gujarat, India, to expand its capacity in India. The deal is expected to close in the September 2023 quarter.

KSB announced the acquisition of Bharat Pumps and Compressors' technology, becoming sole owner of the products' technology and taking over spare parts and service for about 5000 BP&CL products in India.

SB Packagings and Constantia Flexibles have finalised their joint venture after CCI approval, under which SB Packagings acquires C-Flex India entities (Creative Polypack, Aparna Paper, Vibgyor, Parikh Flexibles) in a share swap, with Premji Invest as shareholder.

Constantia Flexibles and SB Packagings have finalised a joint venture, SB-Constantia Flexibles, to make sustainable food and hygiene packaging in India and South Asia, with investment from Premji Invest after Competition Commission of India approval. The JV operates nine plants.

Hawle Austria Group has acquired the valve manufacturing division of McWane India, strengthening its position in India. Hawle will keep operations running and retain the employees.

India's Competition Commission approved a share-swap under which SB Packagings will acquire five C-Flex India flexible packaging entities from Constantia Flexibles Sales B.V., with C-Flex receiving shares in SB Packaging.

Sintex-BAPL transferred its two- and four-wheeler plastic-moulded automotive components business to Plastauto for Rs 110 crore under a business transfer agreement signed March 29, 2023.

Welspun Corp, through subsidiary Mahatva Plastic Products, completed the acquisition of insolvent Sintex-BAPL for Rs 1,251 crore on March 29, 2023. The deal was made under an NCLT-approved resolution plan.

KSB Limited acquired the technology of the products made by Bharat Pumps and Compressors Ltd in Naini, Prayagraj, giving it sole ownership. KSB's SupremeServ unit will handle spare parts and service for around 5000 BP&CL products in India.

Constantia Flexibles signed a joint venture agreement merging its Indian business and operations with SB Packagings, which is backed by Premji Invest, to create a packaging platform in India and South Asia. The article is dated 8 February 2023.