Robert Bosch agreed to sell its vacuum and hydraulic pump business, VH Group, to Weifu High-Technology Group. The unit includes VHIT S.p.A. in Italy, its Wuxi subsidiary in China and certain production facilities in Brazil. Deloitte advised Bosch.
Lu-Ve has submitted a binding, conditional proposal to buy Italia Wanbao ACC (WACC), a compressor maker in administration, to convert it to heat exchanger production. The plan involves about EUR 6 million of site investment and partial absorption of the workforce over three years.
Trillium Flow Technology Group, owned by First Reserve Capital, agreed to acquire Termomeccanica SpA's entire centrifugal pump division, including TMP Spa and five foreign subsidiaries, through its Italian subsidiary.
Trillium Flow Technologies, a global valve and pump maker, is acquiring Termomeccanica Pompe, an Italian manufacturer of industrial centrifugal pumps. Morgan Lewis advised Trillium on the deal, announced January 21, 2022.
Termomeccanica and Trillium Flow Technologies signed an agreement transferring Termomeccanica Pompe's production, sales and service activities to Gabbioneta Pumps, a Trillium group company. The value was not disclosed.
Trillium Flow Technologies signed a joint agreement to acquire Termomeccanica Pompe S.p.A., bringing its Termomeccanica Pompe, Gabbioneta Pumps and Begemann brands under Trillium in Italy; closing is expected in three to four months.
Termomeccanica and Trillium Flow Technologies signed an agreement transferring Termomeccanica Pompe's production, sales and service activities to Gabbioneta Pumps, a Trillium group company; the transfer is expected to become operative around April.
Magic Pack (Gruppo Happy) obtained a 13 million euro seven-year loan from Finlombarda and Cassa di Risparmio di Bolzano to fund investments including new production capacity and recycling lines for expanded polystyrene food containers. The plant is in Gadesco Pieve Delmona, Italy.
Italian pump and vacuum equipment maker Azmec acquired ownership of RIVA TECNOIMPIANTI SRL, which produces light and heavy carpentry components and hydraulic power units. The article dates the deal to 2022.
Industrial Flow Solutions agreed to acquire Dreno Pompe, an Italian maker of electrical submersible wastewater pumps based in Monselice, Padua. Dreno will keep its name and plant in the Veneto region.
Gruppo Happy completed the acquisition of 100% of Coopbox SPA and its subsidiary Coopbox Eastern SRO, operating in Italy and Slovakia, and French company Sirap France SAS. The group makes plastic food packaging containers.
Apollo's vehicle Rimini Bidco is closing the mandatory tender offer for Italian cardboard maker Reno De Medici, which follows a July 2021 deal to acquire about 67% stake for over EUR 365 million. The offer closes on Friday December 17, 2021.
Bobst completed on 11 November 2021 its acquisition of the assets of Officine Meccaniche Giovanni Cerutti, Cerutti Packaging Equipment and 24/7 Cerutti Service. The assets are being integrated into Bobst Italia in San Giorgio Monferrato, where thirty ex-Cerutti employees will join.
Continental signed an agreement to acquire Trelleborg's printing solutions business, headquartered in Lodi Vecchio, Italy, which has about 640 employees. The purchase price was not disclosed and completion is subject to antitrust approval.
Atlas Copco acquired Steri srl, a private compressed air equipment and services distributor based in Rivoli near Turin with 19 employees. The deal strengthens Atlas Copco's presence in the Piedmont and Aosta Valley industrial market. The acquisition was reported on November 9, 2021.
Smurfit Kappa has acquired Verzuolo, a 600,000-tonne recycled containerboard mill near Savona in Northern Italy, for €360 million ($416 million).
Silgan Holdings has acquired Easytech Closures, which makes easy-open metal ends at Fisciano, Italy, for EUR 31.5 million ($36.5 million). Easytech is projected to generate about EUR 38 million in 2021 sales.
Italian metal packaging maker Tecnocap now uses BASF's biomass-balanced plasticizer Hexamoll DINCH BMB in the sealing gaskets of its metal closures for food packaging, announced in a joint release dated September 23, 2021.
Desktop Metal announced the acquisition of Aidro, an Italian hydraulic and fluid power component developer that uses additive manufacturing for oil, gas, energy and aerospace parts.
Cavagna Group, with partner Nirmal Industrial Controls, acquired REPCo Srl, a Milan-based process design house that engineers and supplies process plants and equipment for power, gas, oil and petrochemical fields. The deal was announced on 7 September 2021.
Apollo-controlled funds agreed to buy about 67% of Reno De Medici from its two largest shareholders, Cascades and Caisse de depot et placement du Quebec, at EUR 1.45 per share. The deal cost about EUR 315.3 million and was expected to close by Q3 2021, followed by a mandatory takeover bid.
Progroup is reported to be probably building a corrugated board plant near Milan, Italy, with a cost of EUR 95 million and 205 jobs, expected to be operational by mid-2024.
Italian infrastructure fund manager F2i Sgr agreed to acquire a 70% majority stake in ReLife, a Genoa-based recycler of paper and plastic packaging, with the founders keeping 30%. ReLife has about 580 employees and 35 plants in northern and central Italy, with expected 2021 revenue of about EUR 250 million.
Italian plastic packaging maker PuntoPack acquired MAV Srl, a wide-mouth packaging company serving cosmetics and food. The combined group is expected to have over EUR 25 million turnover. No deal value was disclosed.
Pneumax Group has acquired FIP (Forniture Industriali Parmensi) srl, a Parma-based industrial automation company with over 30 years of experience, expanding its Emilia-Romagna presence and branch network.
Smurfit Kappa agreed to acquire the Verzuolo recycled containerboard mill in northern Italy from Burgo Group for €360 million, with 600,000 tonnes annual capacity; closing is expected in Q4 2021.
Funds managed by Apollo Global Management will buy about 67% of Italy's Reno De Medici from Cascades and CDPQ at EUR 1.45 per share, totaling EUR 365 million, then launch an offer to delist the cardboard maker.
Schur Flexibles acquired Termoplast S.r.L., a producer of 100% recyclable MDO-PE films based at Gambassi Terme near Florence, Italy, to expand its presence in the Italian market.
Italian packaging machinery makers OCME and Robopac, both family-led, have signed an agreement to pursue joint growth and internationalization, with OCME to be led by Carlotta Gatteschi, Valentina Aureli and Enrico Aureli. The article does not state the deal terms or value.
Helios Technologies signed a definitive agreement to acquire NEM S.r.l., a hydraulic solutions maker in Emilia Romagna, northern Italy, serving material handling, construction and agricultural markets. Terms were not disclosed and closing is expected in Q3 2021.
Special Packaging Solutions Investments completed the acquisition of the remaining stake in Italian closures maker Guala Closures on June 7, 2021, after a mandatory takeover bid. The original offer was valued at about EUR 300 million.
Italian packaging maker Gualapack became majority shareholder of Easysnap Technology, a Modena-based maker of single-dose easy-open packaging systems. Easysnap's CEO Andrea Taglini will remain in his role.
Libra Srl and Nibe Srl, both existing shareholders of Emmegi Detergents, acquired 100% of Imp spa, a contract manufacturer in Altavilla Vicentina with over EUR 30 million revenue and 110 employees. Industrial real estate assets are to be transferred later.
IGI Investimenti Sei, managed by IGI Private Equity, announced it acquired a 73% stake in OME Metallurgica Erbese and Stampinox, makers of fastening systems for the oil and gas and power generation sectors. The Farina family's holding Anirafa reinvests for the remaining 27%, and Intesa Sanpaolo arranged the financing.
ANDRITZ received an order from Pratrivero s.p.a. to supply a new eXcelle batt forming line for its Valdilana, Italy production facilities, with installation and start-up scheduled for Q3 2021.
Private equity firm Oxy Capital and illimity Bank agreed to acquire Gpack Group, an Italian maker of cardboard boxes and cartons for luxury, pharma, cosmetics and food markets, for $72 million.
Aspen Pumps Group, a global air conditioning and refrigeration manufacturer, announced its acquisition of Italian AC brackets and installation accessories maker 2 Emme Clima Srl, based in Padova.
SIMIC placed a 30 MW order with Vestas for five V162-6.0 MW turbines and a 21-year service agreement for the Fiumesanto wind park in Porto Torres, Sardinia, with delivery planned for Q4 2021.
Oerlikon has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its HRSflow hot runner systems business, expanding its polymer processing solutions; completion is expected in Q2 2021.
Mauser Packaging Solutions, through its joint venture NCG-Maider, acquired Italian reconditioner Global Tank Srl, adding a site in Magnago near Milan. The deal expands its industrial packaging and reconditioning footprint in Italy.
Berlin Packaging acquired Glass Line, a Savona-based Italian maker of glass and metal packaging for wine and olive oil with about EUR 6 million turnover in 2019. The price was undisclosed.
Schur Flexibles Group acquired Sidac SpA, a flexible packaging manufacturer based in Forlì near Bologna, to expand its presence in the Italian market. Sidac has about EUR 34 million in annual revenue and 120 employees; the deal value was not stated.
E.ON has brought into operation a 3 MW trigeneration plant that supplies electricity, heat and cooling to Amcor Flexibles' Lugo di Vicenza packaging plant. The plant is expected to avoid over 3,000 tonnes of CO2 emissions per year.
Seri Industrial Group signed an agreement with Unilever to form a jointly owned business, Seri Plastic, which will buy and convert Unilever's Pozzilli plant to recycle plastic waste.
CEME S.p.A. completed the takeover of 100% of ODE Group, including ODE srl, ACL srl and ODE-HK, with about 750 employees and over EUR 80 million turnover, creating a group of 1,650 employees.
Italian packaging group Grifal agreed to acquire 100% of a newco receiving the operating division of Cornelli, which makes corrugated cardboard boxes and branding for packaging, in a deal stated as EUR 1.257 billion.
An affiliate of Peak Rock Capital has acquired a majority holding in AMB, an Italian maker of food packaging films, as announced on February 5, 2021.
Atlas Copco has acquired DGM SRL, a privately owned Vicenza-based distributor of compressed air equipment and services serving industrial customers in Italy's Veneto region. The price was not disclosed.
Investindustrial's SPSI unit acquired a 24.2% stake in Guala Closures and agreed to buy a further 16.6%, lifting its holding to 48.9%. It will launch a full takeover offer at EUR 8.20 per share, announced on December 8, 2020.
Berlin Packaging has acquired Italian plastic packaging company Pentapackaging, based in Bergamo. It is the ninth Berlin Packaging acquisition in Europe since 2016.