Interpump acquired a 60% controlling stake in Mariotti & Pecini, a Florence-based maker of mixers and agitators for chemical, pharmaceutical, cosmetic and food industries, for a total price of EUR 8.9 million.
Emak, through subsidiary Comet S.p.A., signed a binding contract to acquire 83.1% of Lavorwash Group from the Lanfredi and Migliari families for about EUR 54.8 million. The deal was reported in May 2017.
Comet, part of Emak, signed a binding contract to acquire 83.1% of Lavorwash from Zenith, with an initial valuation of about EUR 54.8 million. Closing is expected in early July 2017.
Goglio SpA and its subsidiary Goglio Cofibox SpA approved a merger by incorporation of Cofibox into Goglio, effective 31 December 2016, to rationalize management and achieve economies of scale in packaging.
SAFE S.p.A., part of the Landi Renzo group, finalized the acquisition of a 90% stake in Idro Meccanica S.r.l., a maker of hydraulic-driven hydrogen and RNG compressors. The remaining 10% will transfer once authorizations are obtained.
Italian Nord Fluid S.p.A. signed a contract to acquire a stake in the share capital of OMV S.p.A., a company that designs and produces hydraulic cylinders.
Tecnocap has acquired aluminum aerosol can and tube maker Tubettificio Europeo in Lecco, Italy, renaming it Tecnocap TL, with projected group turnover of EUR 200 million. The deal was finalized on 16 February 2017 and announced on 29 March 2017.
Dana Incorporated completed the acquisition of 80% of the power-transmission and fluid power businesses of Brevini Group, with an option for the remaining 20% by 2020. The 100% value was set at EUR 325 million including about EUR 100 million of net debt, funded with cash on hand.
The Wise private equity fund acquired Tapì Group, an Italian maker of design closures for the packaging industry, under an investment plan to expand internationally and boost R&D. The group has factories in Italy, Mexico and Argentina and turns over about 40 million euros.
DexKo Global has signed an agreement to acquire Italy-based Fluid-Press Group, a maker of hydraulic valves and manifold blocks founded in 1971. Fluid-Press will join DexKo's Hydraulics business alongside Safim Brakes.
Hera subsidiary Herambiente signed a binding agreement to acquire the Aliplast Group from Aligroup S.r.l., with an enterprise value of roughly EUR 100 million, paid in stages through June 2022.
Italian pneumatic and hydraulic component makers Airwork and Tecnofluid have combined into A&T Fluid Solutions srl, with a new production site in Carate Brianza. Orders and customer relations are handled by the merged company from 1 October 2024.
Dana Incorporated agreed to purchase an initial 80% stake in the power-transmission and fluid power businesses of Italy's Brevini Group, with an option for the remaining 20% by 2020. The 100% value is set at €325 million including about €100 million of net debt; closing is expected in early 2017.
Berlin Packaging has completed its acquisition of Bruni Glass, an Italy-based maker of premium glass packaging with plants in Italy, France, Spain, China, Canada and the United States. The definitive agreement had been announced on October 11, 2016.
Valvitalia signed a contract to acquire 100% of Nuova Giungas, a Formigine (Modena) manufacturer of monolithic isolation joints for pipelines with 36 employees and about EUR 7 million turnover in 2015. The deal extends Valvitalia's oil and gas product portfolio.