Sappi Limited signed an agreement to acquire the speciality paper business of Cham Paper Group for CHF146.5 million (about $149 million), including mills in Carmignano and Condino, Italy and a digital imaging business in Cham, Switzerland. Completion is expected in Q1 2018, subject to competition approvals.
Pro-Gest Group plans a greenfield corrugated sheet plant in Grezzago, Lombardy, at a cost of €55 million with annual capacity of 300 million square metres. Construction is expected to start in early 2018 and take about 18 months.
Tri-Wall Limited acquired a 100% stake in Scart Imballaggi S.r.l., which operates plants in Northern and Central Italy making corrugated packaging, wood packaging and pallets.
Landi Renzo and Clean Energy Fuels will combine their compressor manufacturing subsidiaries into a new standalone company, with Landi Renzo owning 51% and Clean Energy 49%. Closing is anticipated before the end of 2017, and the combined company will be headquartered in San Giovanni Persiceto, Italy.
Nuovo Pignone inaugurated a new production line for gas seal panels for centrifugal compressors at its Massa plant in Tuscany. The investment of about EUR 12 million also renovated the site.
Poste Italiane S.p.A. awarded a framework contract worth EUR 11,793,010 to Ondapack S.r.l. for supplying forms, labels, boxes and cardboard. The award was published on November 7, 2017.
Japan's Nidec Corp acquired a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer, reported in World Pumps' Q3 2017 review.
According to sources cited by Reuters, Edizione Holding has teamed up with Goldman Sachs's private equity arm to bid for Italian packaging company Guala Closures. The report is unconfirmed.
WIKA acquired SAMI Instruments, an Italian supplier of needle valves and manifolds for instrumentation, at the end of October 2017.
Corning agreed a collaboration with Stevanato Group, a Dese, Italy-based parenteral glass packager, to supply its Corning Valor Glass for injectable drug packaging. The deal extends a relationship dating to 2011 and combines Stevanato's converting technology with Valor Glass.
Italian capping systems maker AROL SpA finalized its acquisition of Italian packaging equipment manufacturer UNIMAC-GHERRI, which makes filling and capping machines for glass containers with twist-off caps.
Spanish group Fluidra announced the acquisition of 90% of Agrisilos, the Cremona company that owns the Piscine Laghetto brand, which makes above-ground pools. Agrisilos has about 30 employees and sells mainly in Italy and France.
Treviso-based food equipment maker Irinox plans to acquire two adjacent industrial sites in Vittorio Veneto, previously occupied by woodworking firm La San Giuseppe, and to grow headcount from 250 to over 300 by 2019 as it doubles production space.
Triton funds partnered with Bormioli Luigi to purchase the pharma division of Bormioli Rocco, a pharmaceutical primary packaging maker currently owned by Vision Capital.
Italian glassmaker Bormioli Luigi S.p.A. partnered with Triton funds to buy the tableware division of Bormioli Rocco, which is currently owned by Vision Capital.
Progressio Investimenti II Fund acquired a 70% stake in Garda Plast, an Italian producer of PET preforms, from the Tonoli family, which retains 30%.
Wärtsilä has been contracted to supply engines, hybrid exhaust scrubbers, SCR systems and integrated navigation systems for three 2,800-passenger cruise ships for Virgin Voyages. The ships are being built at Fincantieri's Italian shipyard, and the orders were booked in 2016 and March 2017.
Japan's Nidec Corp has taken a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer. The article is dated 1 July 2017 and gives no price.
Plastic packaging company ALPLA is set to acquire Propack, an Italian producer of HDPE and PET bottles, to strengthen production capacity in north-east Italy; completion expected in July.
Soga Energy Team formalized its acquisition of CMZ Sistemi Elettronici Srl, a Vascon (Treviso) maker of industrial motion control electronics, drives and motors, on June 28, 2017.
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.
Snam Rete Gas awarded a EUR 600,000 contract for DN 15-25 shut-off valves to Serck Audco Valves Flowserve Ltd, with the award granted on 2017-06-06.
CROWN Imballaggi Italia, part of Crown Holdings, has installed an AVT Titan 100% print inspection system at its Calerno plant in Italy. The system supports a new KBA six-colour printing press for metal packaging. It was reported on 11 May 2017.
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.
Progroup subsidiary Prowell is founding Prowell S.r.l. to build a corrugated board plant in Drizzona, Northern Italy, next to Imbal Carton. The machine will have 100,000 tpy capacity, create about 40 jobs, and start up in Q1 2018.
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.
Jcoplastic SpA of Battipaglia was awarded a public tender by SETA spa for supply of polyethylene waste containers of 120 to 1100 litres with RFID tags, valued at EUR 304,445 on 27 February 2017.
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.
Moby S.p.A selected Wärtsilä to repower passenger ferry MV Moby Zaza, supplying four auxiliary generating sets, seawater cooling, exhaust silencers and fuel systems, with commissioning and integration.
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.
Crown's Aprilia plant in Italy, a metal food packaging maker, officially started a new production line for PVC-free twist capsules during a celebration of its 50th anniversary.
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.