Apollo Global Management agreed to buy a majority stake in packaging maker Novolex Holdings from Carlyle Group, which will keep a minority stake. Bloomberg's headline cites a $6 billion value, although the article text says financial terms were not disclosed.
Proconex is combining the former Emerson valve repair facility in Burlington, New Jersey with its Atlantic Valve Services center in Swedesboro, New Jersey, expanding its valve repair and service capabilities.
McKinley Paper Company, a subsidiary of Bio PAPPEL, is acquiring 100% of Midwest Paper Group, a Wisconsin containerboard producer with 500 thousand tons annual capacity, from investment fund IOP.
Scholle IPN agreed to be acquired by SIG, a Swiss aseptic carton packaging company, creating a combined firm with nearly 8,000 employees and 69 sales and manufacturing sites. The announcement was made on February 1, 2022.
Swiss packaging company SIG Combibloc is acquiring privately held U.S. packaging maker Scholle IPN for an enterprise value of EUR 1.36 billion ($1.53 billion) to strengthen its sustainable packaging position. The deal is to be financed with shares and cash.
Piovan S.p.A. completed its acquisition of IPEG, Inc. through a merger of Sewickley Capital, the owner of IPEG, into a Delaware subsidiary of Piovan. The deal was executed on the terms first announced on December 13, 2021.
Mississippi-based Summit Plastics Inc. is acquiring Clear View Bag Co. Inc., expanding its geographic presence and product line.
F.W. Webb Company acquired Stritt & Priebe Inc., a specialist in industrial valve supply, service and repair based in Buffalo, New York, announced January 24, 2022.
Aerzen USA announced on January 19, 2022 the acquisition of Vooner FloGard Corporation, a vacuum pump manufacturer headquartered in Charlotte, North Carolina with manufacturing in Greeneville, Tennessee. The newly formed company will be known as Vooner FloGard LLC.
Aerzen USA, a subsidiary of Aerzener Maschinenfabrik GmbH, announced the acquisition of Vooner FloGard Corporation, a vacuum pump maker headquartered in Charlotte, North Carolina with manufacturing in Greeneville.
IPEX, part of Aliaxis, signed a stock purchase agreement on January 19, 2022 to acquire all shares of Virginia-based Harrington Corporation (HARCO), a manufacturer of gasketed fittings; completion is expected within weeks pending regulatory approval.
Duplomatic Oleodinamica, controlled by AXA Private Equity, acquired the hydraulic components division of Continental Machines Inc. through its US subsidiary Continental Hydraulics. The division had a reported 2010 turnover of USD 18.4 million. The deal value was not disclosed.
TricorBraun has acquired Zuckerman Honickman, a King of Prussia, Pennsylvania beverage packaging business serving the US and Canada. The company will operate as a stand-alone TricorBraun company.
Unibloc Pump, a Kennesaw, Georgia flow control manufacturer, has acquired Standard Pump, a Duluth, Georgia maker of sanitary and industrial process pumps, on January 5, 2022.
Novvia Group has acquired Rhino Container Inc., a Chino, California distributor of plastic, metal, corrugated and glass packaging products. Financial terms were not disclosed.
Greif agreed to divest its 50% share in the Flexible Packaging joint venture to Gulf Refined Packaging for $123 million in cash, subject to conditions. The deal is expected to close by March 31, 2022.
Plug Power acquired Joule Processing LLC, an engineered cryogenic process equipment provider, for a total consideration of up to $160 million, including $30 million upfront. The technology is to be used in hydrogen liquefaction plants.
SupplyOne, the largest independent US supplier of corrugated packaging, acquired Romanow Container, a corrugated and protective packaging maker based in Westwood, Massachusetts. It is SupplyOne's first acquisition in New England.
Sonoco agreed to acquire Ball Metalpack, a metal packaging joint venture owned by Platinum Equity and Ball Corporation, for $1.35 billion in cash. Ball Metalpack is projected to generate about $850 million in 2021 revenue.
BillerudKorsnäs agreed to acquire Verso Corporation, a North American coated paper producer, for about USD 825 million in cash. The deal is expected to close in the second quarter of 2022, subject to shareholder and regulatory approvals.
Rohrer Corp. purchased Jay Packaging, extending its manufacturing into the Northeast United States. Financial terms and exact locations were not given in the article.
Ohio Transmission Corporation, an industrial equipment distributor, acquired TP Pump, a pump line supplier serving New Mexico and northern Arizona from Albuquerque. The deal was announced on December 15, 2021, and terms were not disclosed.
Saint-Gobain acquired HyComp, a US aerospace manufacturer established in 1886 with about 120 employees, which supplies composite components. The announcement was made on March 12, 2018.
Lone Star Funds agreed to buy industrial pump and valve maker SPX Flow Inc. for $3.8 billion including assumed debt, at $86.50 per share in cash. The deal was announced on December 13, 2021.
Sullair has acquired its long-time Salt Lake City distributor Compressor-Pump & Service, which sells and services compressors, blowers and pumps across a 83-county territory in Utah, Nevada, Oregon, Idaho and Wyoming. All 33 employees remain.
R.R. Donnelley's board accepted a revised proposal from Atlas Holdings affiliates to acquire the company for $10.35 per share in cash, a 21.5% premium, valuing the deal at about $2.2 billion enterprise value.
Henkel closed its acquisitions of Darex Packaging Technologies, a metal packaging sealants supplier based in Cambridge, MA, for US$1.05 billion, and the Sonderhoff Group, a Cologne-based foamed gasketing and dosing equipment maker, with undisclosed terms.
New Jersey-based Imperial Dade has acquired Nashville business American Paper & Twine, a supplier of food service packaging and janitorial products. It is Imperial Dade's 44th acquisition since 2007.
SBP Holdings has acquired Watts Steam Store and subsidiaries, which operates three locations in Twin Falls and Idaho Falls, Idaho and Ogden, Utah. The business will join SBP's Dakota Fluid Power platform, announced December 1, 2021.
Pittsburgh-based West View Cunningham Co. bought certain assets of G&W Industrial Sales of Parkersburg, West Virginia, taking over sales of Wilden Pumps and Strahman Valves product lines. The deal strengthens its Parkersburg location's engineering and maintenance capabilities.
Wildpack Beverage closed its acquisition of KT Murray Corporation dba Land and Sea Packaging, an aluminum can brokering business in Grand Rapids, Michigan, for US$37.2 million, paid partly in cash and partly in shares. The closing was announced November 23, 2021.
Liberty Diversified International has acquired Dallas Container Corporation, a corrugated packaging maker with about 100 employees in Dallas and Amarillo, Texas. The purchase price was not disclosed.
Air Hydro Power Inc. of Louisville, Kentucky acquired the assets of Gatterdam Industrial Services, a provider of electrical motor, monitoring and fluidic pump repair and field services, effective November 15, 2021. The acquisition adds twenty employees.
Controls technology company SJE Inc. has purchased L. W. Allen LLC and its Altronex brand, which supply pumps and control systems for municipal water and wastewater in Madison, Wisconsin. The announcement is dated November 18, 2021, and no value was disclosed.
Genstar Capital signed a definitive agreement to acquire Brook + Whittle, a North American premium prime label and sustainable labeling maker headquartered in Guilford, CT, from TruArc Partners. The deal was announced on November 18, 2021, and no value was disclosed.
United Flow Technologies, a platform owned by H.I.G. Capital, completed its acquisition of Tesco Controls, a Sacramento-based control system integrator for water and other sectors. Terms were not disclosed.
KCM Capital Partners' Industrial Service Group completed its acquisition of Industrial Air Power, LLC, a compressed air equipment and parts distributor headquartered in Muskego, Wisconsin. Terms were not disclosed. The announcement was made on November 8, 2021.
Iron Heart Canning acquired NorthStar Mobile Canning and the mobile canning operations of Lagersmith Canning Co. serving the Minneapolis and St. Paul craft beverage market, expanding its network to 26 states.
Severn Group, a UK family of specialist valve companies, has acquired Houston-based ValvTechnologies, a maker of metal-seated, zero-leakage severe-service valves. ValvTechnologies will keep operational independence within the group. The deal was announced on 6 November 2021.
Xebec Adsorption closed the acquisition of all outstanding shares of Colorado-based UECompression for a total consideration of $8 million, subject to holdbacks and adjustments. The deal adds a 100,000 sq. ft. US plant to expand biogas and hydrogen system production.
Kentwood, Michigan-based Land and Sea Packaging agreed to be sold to a Canadian firm in a $37.3 million cash and stock deal.
WILO USA LLC, a subsidiary of WILO SE, acquired the operating business of QuantumFlo, Inc., a maker of pressure boosting and intelligent pump systems based in Sanford, Florida, in an asset deal that closed on September 30, 2021.
Evergreen acquired the Albany, New York (formerly UltrePET) and Amherst, Nova Scotia (formerly Novapet) rPET facilities from wTe Corp. in November 2021.
Quality Valve, a Mobile, Alabama valve and parts distributor, acquired Griffco Valve of Amherst, New York as of November 15, 2021. Griffco will keep its headquarters in Amherst and plans further investment in inventory and capacity.
Fluitron, an industrial gas compression manufacturer, acquired Bethlehem Hydrogen, a maker of integrated hydrogen compression, dispensing and storage systems based in Northampton, PA, with Ara Partners sponsoring the deal; terms were not disclosed.
Wildpack Beverage agreed to acquire KT Murray Corporation, dba Land and Sea Packaging, an aluminum can brokerage in Grand Rapids, Michigan, for US$26.1 million cash plus shares worth about US$11.2 million. The deal is expected to help Wildpack reach six facilities in 2021.
Avantor completed its acquisition of the Masterflex bioprocessing business from Antylia Scientific, a portfolio company of GTCR and Golden Gate Capital. Masterflex is a manufacturer of peristaltic pumps and single-use fluid transfer technologies based in Illinois.
Ingersoll Rand agreed to acquire Air Dimensions Inc., a Deerfield Beach, Florida maker of vacuum diaphragm pumps, for $70.5 million in cash, with closing planned for October 29, 2021.
US packaging distributor Novvia Group has acquired Fox Valley Containers, a Crystal Lake, Illinois distributor of plastic, metal, corrugated and glass packaging, for an undisclosed sum.
Swedish component maker Concentric AB acquired Engineered Machined Products Inc. (EMP) of Syosset, New York, a producer of electric and mechanical pumps, electric fans and thermal management systems, for approximately USD 147 million in cash.