Allied Valve, Inc. acquired Edgen Murray Corporation's Valve Services Business, a pipeline service provider headquartered in Norwich, Ohio, specializing in line valve repair, to strengthen its pipeline repair services in the Midwest and Northeast US.
Oliver Inc., a Pfingsten portfolio company, acquired Boutwell, Owens & Co., a folding carton and blister card packaging manufacturer serving several markets. The transaction closed on March 31, 2021 and was announced April 6, 2021. Boutwell continues operating from Fitchburg, Massachusetts.
American Industrial Partners has signed an agreement to acquire a majority interest in Ingersoll Rand's High Pressure Solutions segment, a maker of high-pressure pumps, for approximately $300 million. Ingersoll Rand will keep a 45% equity stake and closing is expected in the first half of 2021.
Sonoco has closed the sale of its U.S. Display and Packaging business, based in Winston-Salem, N.C., to Hood Container Corporation for $80 million in cash.
SupplyOne, the largest independent supplier of corrugated packaging in the U.S., has acquired Bell Container Corp., a custom corrugated manufacturer headquartered in Newark, New Jersey. The acquisition was announced on April 1, 2021.
Kaiser Aluminum has completed its acquisition of Alcoa Warrick LLC, which holds the Warrick Rolling Mill, from Alcoa for $670 million. The deal closed on March 31, 2021 and was announced on 2021-04-01.
IDEX Corp entered a definitive agreement to acquire Airtech Group Inc and US Valve Corp and related entities from funds managed by EagleTree Capital for $470 million in cash. The deal was reported on 1 April 2021.
DXP Enterprises completed its acquisition of Total Equipment Company (TEC), a distributor of aftermarket and service capabilities, announced March 29, 2021. Financial terms were not disclosed.
Ardagh Group agreed to buy Anheuser-Busch's Longhorn Glass manufacturing facility in Houston, which supplies bottles to A-B's Houston brewery, with a long-term supply agreement and planned furnace modernisation. Parcrest Advisors acted as exclusive advisor to the seller.
Loews Corporation has agreed to sell a 47 percent stake in Altium Packaging to GIC, the Singapore sovereign wealth fund.
Loews Corporation signed a definitive agreement to sell a 47% interest in Altium Packaging, a North American rigid plastic packaging and recycled resin company, to Singapore's sovereign wealth fund GIC, with closing expected within 30 days.
Hillenbrand completed the sale of Abel Pumps, L.P. and affiliates to IDEX Corporation, generating cash proceeds of about $103.5 million. The agreement was originally announced on January 11, 2021.
Link Mfg has acquired valve and suspension control product lines, related technology and key staff from Hadley Products Corp, including the SmartValve height control system and Smart Air Management System. The deal was announced on March 9, 2021.
McWane Plant & Industrial has acquired the Tri-Seal Valve product line, including the Quarter-Flex industrial butterfly valves. The deal value was not disclosed.
Ares Management's Private Equity Group funds and Ontario Teachers' Pension Plan Board completed the acquisition of a majority interest in packaging distributor TricorBraun, from former majority owner AEA Investors, which retains a significant stake.
Fort Dearborn acquired Hammer Packaging, a West Henrietta, New York printer of packaging using offset and flexographic processes, on March 2, 2021. Terms were not disclosed.
International Paper acquired the Molded Fiber division of Berkley International, Berkley MF LLC, which operates a molded fiber plant near Reno, Nevada. The purchase price was undisclosed.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
Mill Rock Packaging Partners, backed by Mill Rock Capital, has acquired All Packaging Company, a custom paperboard packaging manufacturer with facilities in Utah and Colorado. Terms were not disclosed.
Spanish company Oliva Torras has acquired 100% of BSI, which designs and makes compressor mounting equipment for refrigerated vehicles and buses near Dallas, Texas. BSI has about 50 employees and annual sales of about 10 million euros; the price was not disclosed.
KKR has agreed to acquire Flow Control Group, a Charlotte, North Carolina distributor of flow control and industrial automation products, from Bertram Capital. Financial terms were not disclosed.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
Regal Beloit and Rexnord agreed to combine Rexnord's Process & Motion Control segment with Regal through a tax-free spin-off and Reverse Morris Trust transaction, creating a power transmission provider with about $4.1 billion pro forma 2020 revenue and $120 million targeted annual cost synergies.
MCE, a fluid power and lubrication supplier based in Zelienople, Pennsylvania, acquired Swanson Flo, a regional distributor of process instrumentation and flow control valves based in Plymouth, Minnesota, with 92 employees.
Parkson Corporation, a subsidiary of Axel Johnson Inc., acquired the assets of Schreiber LLC of Trussville, Alabama, adding pump, headworks, biological and filtration technologies. Schreiber's aftermarket care department will give Parkson a second dedicated parts and services facility in the Southeastern US.
Caterpillar completed its acquisition of the Oil & Gas division of Weir Group, which now operates as SPM Oil & Gas near Fort Worth, Texas. The business includes more than 40 global service centers and about 2,000 employees.
Busch Vacuum Solutions USA acquired the vacuum pump, blower and service business of Jennings Associates (dba Jennings Alberts), a distributor in the Eastern Central Region of the US. Jennings Alberts co-owners Bill Altier and Lisa Dugery joined Busch as managers.
Ingersoll Rand completed its acquisition of Tuthill Vacuum and Blower Systems, a division of Tuthill Corporation based in Springfield, Missouri, for $184 million in cash. The unit makes MD Pneumatics and Kinney Vacuum Pump products.
Anheuser-Busch agreed to sell its Houston-based Longhorn Glass manufacturing facility, which supplies bottles to its Houston brewery, to Ardagh Group. Ardagh plans to invest in modernizing the facility, and the transaction is expected to be followed by a long-term supply agreement.
Spartan Energy Partners is acquiring from TETRA Technologies the general partner interest, incentive distribution rights and a majority of common units in CSI Compressco. The deal was announced on January 29, 2021, alongside changes to the executive team and board.
Goforth Williamson, Inc. announced its acquisition of Gilbert Pump & Mechanical, a pump distributor serving the Alabama and Florida panhandle. The deal adds inventory locations, a pump testing facility and lift station package capability.
Lane Supply Holdings, the Denver-based industrial distributor, announced the acquisition of Palmetto Compressors, Inc. and Fountain Inn Mechanical, Inc., expanding its compressed air business into the Southeast US on January 19, 2021.
Fluidra completed the acquisition of substantially all assets of Built Right, a heat pump manufacturer in Punta Gorda, Florida. Built Right will continue to operate from its headquarters.
Conquest Industries of Stow, Ohio acquired the manufacturing division of Durbin Industrial Valve in Akron, Ohio, with NEO Business Advisors as broker. Durbin will focus on valve sales, service, repair and rebuild, while Conquest takes over valve parts manufacturing and machining.
Jabil Inc. acquired Ecologic Brands, a provider of paper bottles and paper-based packaging, adding it to Jabil Packaging Solutions. Ecologic's operation in Manteca, California will join the division.
Lebanon, Tennessee manufacturer Morrison Industries acquired Envoy Packaging of Morrison, Tennessee. Envoy will make plastic and foam packaging and dunnage to complement Morrison's steel shipping racks and cardboard packaging.
Midwest private equity firm May River Capital has acquired Unibloc Pump, an Atlanta-area maker of positive displacement pumps, strainers and valves for sanitary applications. The deal was announced January 7, 2021.
Ares Management's Private Equity Group funds and Ontario Teachers' Pension Plan Board have agreed to acquire a majority interest in packaging distributor TricorBraun from AEA Investors, with management retaining a stake. The deal was announced January 7, 2021.
Avery Dennison acquired the business of Ohio-based ACPO Ltd., a maker of pressure-sensitive overlaminates, for $87.6 million. ACPO has about 170 employees.
H.I.G. Capital made simultaneous growth investments in Action Point and Signature Flexible Packaging and merged them into one flexible food and consumer packaging provider. The deal was announced on 5 January 2021 with no financial terms disclosed.
Four gas compressor parts and services companies, H&S Valve, Ignition System and Control (ISC), Global Compressor and Potemkin Industries, combined to form Global Compression Services, operating from 11 locations serving US shale plays.
DeZURIK acquired Hillenbrand's Red Valve business on December 31, 2020 at an enterprise value of $63 million, including a $58 million cash payment and a $5 million note. Hillenbrand announced the completed sale on January 4, 2021.
Swedish industrial pump maker Concentric AB acquired Allied Enterprises LLC, a Muncie, Indiana transmission parts manufacturer, in a cash deal valued at $11.7 million.
Pedrollo Group S.p.A. agreed to buy a majority stake in Superior Pump, a North American producer and distributor of premium pumps, in a deal advised by Chartwell. The article gives no deal value or location.
An Apollo-led consortium and institutional investors will acquire a 49.9% stake in AB InBev's US-based metal container plants for approximately $3 billion. AB InBev keeps operational control and will sign a long-term supply agreement.
A.Y. McDonald acquired Val-Matic Valve & Mfg. Corporation of Elmhurst, Illinois on December 31, 2020.
Anvil and Smith-Cooper International, a Tailwind Capital portfolio company, acquired the ABZ and Quadrant Valve brands from parent Forum Energy Technologies.
DXP Enterprises completed the acquisitions of Total Equipment Company, APO Pumps & Compressors with Corporate Equipment Company, and Pumping Solutions, Inc. Financial terms were not disclosed, and the targets had about $114 million in sales for the 11 months ended Nov. 30, 2020.
ABX announced its acquisition of the U.S. flexible packaging converter business of Berry Global Group. The business makes co-extruded multi-layer films, mainly for food applications.
Novolex has acquired the business of B&H Bag Company, a paper bag manufacturer with one plant in Brookshire, Texas, to add production capacity to its Duro Bag operations. The announcement was made on 15 December 2020.