Packaging Corporation of America agreed on October 22, 2021 to acquire substantially all assets of Advance Packaging Corporation, including a 500,000 sq ft corrugated products facility in Grand Rapids, Michigan, for $189 million in cash.
EnPro Industries, through subsidiaries including Compressor Products Holdings Limited and Garlock GmbH, entered an agreement to sell Compressor Products International to Howden. The filing reports the agreement dated October 12, 2021.
Armstrong International completed its acquisition of Leslie Controls' control valve and steam water heater business during Q3 2021. The deal expands Armstrong's product range and global channel network.
Private equity firm Ara Partners acquired Fluitron Inc., a maker of industrial gas compression and dispensing equipment based in Ivyland, Pennsylvania, with terms undisclosed.
VME, a Tyler, Texas fabrication and engineering firm, acquired Cortex Process Equipment to add field service and aftermarket support for well-site equipment.
US retail packaging maker Rohrer has taken over Coburn Carton Solutions, a printer and converter of folding cartons for food, pharmaceutical and household goods brands. Financial terms were not disclosed. The announcement was made on October 5, 2021.
Opus Packaging Group acquired the assets of Palmetto Packaging Corporation, a corrugated products maker in Florence, South Carolina, effective October 1, 2021. The deal adds Opus's seventh manufacturing facility and extends its footprint in the southeast US.
GTCR announced on October 1, 2021 its acquisition of PPC Flexible Packaging, a Buffalo Grove, Illinois maker of flexible packaging, from seller MSCP. PPC had completed seven acquisitions under MSCP's ownership.
Hydraquip, Inc., part of Employee Owned Holdings, acquired substantially all assets of Flint Hydraulics, a Memphis-based distributor of hydraulic pumps, motors and parts, on October 1, 2021. Flint Hydraulics will keep serving clients under its own name.
Silgan Holdings acquired Unicep Packaging, a precision dosing dispensing packaging maker with two plants in Spokane, Washington and Sandpoint, Idaho, for $237 million, with projected 2021 sales of about $45 million.
Irving Place Capital has agreed to sell Alpha Packaging, a St. Louis-based blow molder of bottles and jars, to Pretium Packaging, a Clearlake Capital portfolio company. Financial terms were not disclosed.
Atlantic Packaging Products, a Canadian corrugated packaging maker, acquired Skybox Packaging, a custom corrugated packaging manufacturer and packaging supplies distributor in Mansfield, Ohio, to expand its US footprint.
FloWorks, backed by Clearlake Capital, acquired Genesis Systems, a Garland, Texas distributor of control valves, regulators and valve automation products; financial terms were not disclosed.
May River Capital announced that its portfolio company Hunt Valve, a supplier of naval flow control valves and electromechanical actuators, has been acquired by Fairbanks Morse Defense, a portfolio company of Arcline Investment Management.
Premier Packaging of Louisville, Kentucky acquired JIT Packaging, an Ohio maker and distributor of industrial corrugated packaging, in a deal advised by Paramax. JIT's manufacturing facility is in Lebanon, Ohio.
Ingersoll Rand said on September 2, 2021 it will not take part in SPX Flow's exploration of strategic alternatives, including a sale or merger. SPX Flow earlier rejected Ingersoll's $3.59 billion buyout bid in July.
EGC Holding Company (EGC Enterprises) acquired Slade Inc., a Statesville, North Carolina manufacturer of graphite yarn and braided valve and pump packings, reported on September 2, 2021.
Pactiv Evergreen agreed to acquire Fabri-Kal, a Kalamazoo, Michigan maker of foodservice and consumer packaging, in a transaction valued at about $380 million, expected to close in late Q3 or early Q4 2021.
The HAVI Group acquired Pacific Market International (PMI Worldwide), a manufacturer of sustainable food and beverage containers, on September 1, 2021. The deal value was not disclosed.
H.I.G. Capital, through an affiliate, completed its acquisition of Jackson Paper Manufacturing and Sustainable Corrugated, a recycled corrugated packaging maker headquartered in Sylva, North Carolina, on September 1, 2021. H.I.G. is partnering with the current management team.
Motion & Control Enterprises (MCE) has acquired Instrument Associates, Inc., a stocking distributor of instrumentation, valves and filtration products based in Alsip, Illinois with 22 employees.
Jamestown Container Companies agreed to acquire Cattaraugus Container, Inc., a converted paper product manufacturer in Franklinville, NY, effective immediately on August 30, 2021. Terms were not disclosed and the workforce will be retained.
C-P Flexible Packaging announced its acquisition of privately held Fruth Custom Packaging and affiliated Cleanroom Film and Bag, both making flexible rollstock and pouches for cleanroom use in Placentia, California. Terms were not disclosed.
Wildpack Beverage has signed a binding agreement to buy Vertical Distilling, LLC, a Colorado aluminum can filling business, for US$4.5 million cash, subject to holdbacks. The target is the leading can filler in Colorado and surrounding states.
Detroit Lakes-based controls company SJE Inc. bought L. W. Allen LLC, a Madison, Wisconsin supplier of wastewater pumps, pump stations and Altronex control systems. L. W. Allen has about 45 employees.
In August 2021 S.J. Electro Systems acquired L.W. Allen, a Madison, Wisconsin provider of pumps, motors and control systems for the water and wastewater industry.
Relevant Solutions, LLC closed its purchase of 505 Industrial Supply, LLC, a hydraulic hose, fitting and valve distributor based in Albuquerque, NM, on August 1, 2021. The deal adds the business to Relevant's network, which now employs 250 associates.
Anderson Process, a Midwest process equipment supplier, has acquired Premier Pump Inc., a distributor and service provider in Ohio, which becomes its Brooklyn Heights branch effective August 2, 2021.
Imperial Dade agreed to buy EBP Supply Company, a distributor of food service packaging and janitorial supplies headquartered in Milford, Connecticut. The deal was announced on July 26, 2021.
B2B Industrial Packaging, a GenNx360 company, announced its acquisition of Allen Packaging Company of Tustin, California, its 16th major acquisition, adding corrugated products, poly bags and stretch film.
Anchor Packaging LLC, a rigid food packaging maker, announced its acquisition of Panoramic Inc., based in Janesville, Wisconsin. The blog post is dated April 25, 2022, and the financial terms were not given.
The US Justice Department reached a settlement allowing Danfoss to buy Eaton's hydraulics business, with orbital motor and hydraulic steering assets to be sold to Interpump Group. The deal was originally announced in January 2020 at $3.3 billion and is expected to close around August 1, 2021.
Platinum Equity agreed to sell Multi-Color Corporation, a global label maker, to affiliates of Clayton, Dubilier & Rice; the deal is expected to close by end of 2021 and terms were not disclosed.
Chicago-based Milton Industries, a pneumatic and hydraulic accessory maker, announced it is acquiring National-Spencer and the Zee Line brand of lube and fluid management products. National-Spencer has facilities in Wichita, Kansas, Spencer, Iowa, and Stockton, California.
Wildpack Beverage signed a binding agreement to acquire CraftPac LLC, an aluminum can decorator in Georgia, for US$2.15 million cash, with closing expected around June 30, 2021. Announced June 18, 2021.
Supreme Integrated Technology (SIT) of Harahan, Louisiana, has acquired the assets of C.S. Controls, a Houma, Louisiana manufacturer of marine systems such as steering gears, cranes and winches. C.S. Controls joins Employee Owned Holdings.
Indorama Ventures completed its acquisition of CarbonLite Holdings' Dallas, Texas PET recycling facility, bought for nearly $64 million in a bankruptcy auction. The site, renamed Indorama Ventures Sustainable Recycling, has combined capacity of 92,000 tons a year of food-grade rPET pellets and supports more than 130 jobs.
IDEX Corporation completed its acquisition of Airtech Group, Inc. and US Valve Corporation from EagleTree Capital, adding vacuum pumps, blowers, compressors and valves to its Health & Science Technology segment.
CentroMotion, owned by an affiliate of One Rock Capital Partners, signed a definitive agreement to acquire Carlisle Brake & Friction from Carlisle Companies. CBF, based in Medina, Ohio, makes friction materials and mechatronic brake and transmission products for off-highway vehicles.
SEI Group LLC of Doraville, Georgia announced the acquisition of Tailored Foam of Florida, Inc. in Sanford, Florida. The deal value was not disclosed.
SemiTorr, backed by Transom Capital Group, acquired McKenna Engineering & Equipment Co, a distributor and installer of process equipment for air, gas, liquids and dry bulk solids serving California and Nevada. No financial terms were disclosed.
Atlas Copco acquired the operating assets of MidState Air Compressor, a distributor and service provider based in Berlin, Connecticut, covering Connecticut, Rhode Island and Massachusetts. The purchase price was not disclosed.
Kalamazoo-based electric motor and performance systems company HECO acquired Kentucky Service Co. of Lexington, a service provider for electric motors, pumps and rotating equipment. HECO announced the deal in a May 4 press release.
Richards Industrials acquired Equilibar, a Fletcher, North Carolina manufacturer of back pressure, vacuum and electronic pressure control products, on May 3, 2021. The terms were not disclosed.
Northwest Pump bought the assets of D.R. Smith Co. (Air Compressor Service) in Everett, WA, effective May 1, 2021, adding seven staff and an 18th branch.
Marshall Excelsior Company, a Harbour Group company, acquired certain assets of Hurricane Products, a Valencia, California maker of RV and camping gas regulators. Terms of the transaction were not disclosed.
SPX FLOW signed a definitive agreement to acquire mixing equipment maker Philadelphia Mixing Solutions from Thunder Basin Corporation in an all-cash deal valued at $65 million, expected to close in Q2 2021. The target is based in Palmyra, Pennsylvania.
Graphic Packaging announced plans to acquire North American folding carton maker Americraft Carton for around $280 million. The deal includes seven Americraft converting facilities and all its employees.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, acquired Midwest Valve Parts Supply Co., a specialty industrial valve services business.
Amcor has made a strategic investment in US flexible packaging firm ePac, its first corporate venture-type investment, valued at around $10m to $15m, and is also providing financing for one or more ePac sites.