Aptar entered into a binding agreement to acquire Fusion Packaging I, L.P. (FusionPKG), a Dallas-based maker of prestige airless and color cosmetics packaging for the North American beauty market. The transaction is subject to customary closing conditions and the value was not disclosed.
DXP Enterprises completed its acquisition of Turbo Machinery Repair, a pump and industrial equipment repair and machining company in Richmond, California, funded with cash on hand. Financial terms were not disclosed. Signing occurred on January 31, 2020.
Chromatic Industries acquired certain assets and the principal business of Quality Oil Tools in Jennings, Louisiana, in 2017, operating it as a subsidiary, Chromatic Oil Tools.
Gryphon Investors signed a definitive agreement to make a strategic investment in Pacur LLC, a supplier of extruded PETG sheet for medical device packaging based in Oshkosh, Wisconsin. Terms were not disclosed and the founding family and management will remain owners.
Intertape Polymer Group agreed to acquire substantially all operating assets of Nortech Packaging, a maker of automated packaging machines near Chicago, Illinois, for about $36.5 million in cash plus potential earn-out. The deal was announced on February 10, 2020.
Nosco, a subsidiary of Holden Industries, acquired the assets of Haapanen Brothers, a graphic arts and printing company in Gurnee, Illinois. The site will keep operating under the Nosco name with its existing staff.
General Data acquired AmeriGraph Packaging Group, a producer of prime labels and shrink sleeve packaging for consumer goods and food, on February 3, 2020. Terms were not disclosed.
Gardner Denver completed its merger with the Ingersoll Rand Industrial segment on 29 February 2020, forming Ingersoll Rand Inc. with over 16,000 employees. The combined company makes air compressors, pumps, blowers and fluid management systems.
Franklin Electric acquired the product lines, assets and manufacturing process of CPS Pumps, LLC in Rossville, Tennessee for $6.3 million, with the Rossville employees joining Franklin Electric. The business will be integrated into its Global Water unit.
Welch Packaging has acquired Tri-Lakes Container, a corrugated packaging supplier in Pierceton, Indiana. Terms were not disclosed.
Graphic Packaging agreed to acquire Greif's Consumer Packaging Group business for approximately $85 million, adding seven US converting facilities with over $200 million in annual revenue, with closing expected in Q1 2020.
Klinger Group closed a stock purchase agreement to acquire GPI, a West Texas industrial sealing company headquartered in Borger, effective January 1, 2020. GPI operates four business locations in Texas.
Danish engineering company Danfoss agreed to acquire Eaton's Hydraulics business for a cash price of $3.3 billion (about EUR 3.0 billion), as reported in a January 21, 2020 law firm roundup.
IG Design Group agreed a merger to acquire US consumer product maker CSS Industries for $9.40 per share in an all-cash deal valued at about $88 million, announced January 21, 2020.
Atlas Copco acquired Hydra Flow West, a distributor of spare parts and accessories for compressor service based in Walnut, California. The purchase price was not disclosed. The announcement was made on January 16, 2020.
Clearlake Capital Group, in partnership with management, has acquired rigid packaging maker Pretium Packaging from Genstar Capital. Pretium operates 19 automated plants in the US; financial terms were not disclosed.
Cott Corporation agreed to acquire Primo Water Corporation for $14.00 per share in cash and stock, valuing Primo at approximately $775 million. The deal will make Cott a pure-play water company and it will rebrand as Primo Water.
Bunzl Distribution announced the acquisition of Joshen Paper & Packaging, a distributor of packaging supplies with locations in 11 US states and about 450 employees.
Private equity firm Industrial Opportunity Partners has acquired Midwest Paper Group, a recycled containerboard mill in Combined Locks, Wisconsin. Terms were not disclosed.
Pye-Barker Engineered Solutions acquired Florida Air Technologies, LLC of Orlando, taking over its compressed air equipment, vacuum pumps and repair parts. All employees keep their jobs, and the deal was announced on January 9, 2020.
TricorBraun, a North American primary packaging supplier, acquired Minneapolis-based Packaging Solutions Inc (PSI), a rigid packaging supplier with 25 years of experience, adding a Minneapolis warehouse. Financial terms were not disclosed.
MSI Express, backed by HCI Equity Partners, acquired contract packager Power Packaging on December 31, 2019, and announced it on January 7, 2020. Power has four facilities in the Chicago area, Wisconsin and Texas, and takes the combined platform to 12 production facilities.
Warburg Pincus agreed to acquire Sundyne, a maker of centrifugal pumps and compressors, from BC Partners and The Carlyle Group. Terms were not disclosed and management under CEO Mark Sefcik will continue.
ELGi Compressors USA, a subsidiary of ELGi Equipments, acquired Michigan Air Solutions, an independent air compressor distributor with locations in Grand Rapids and Plymouth, Michigan.
KKSP, a Mill Point Capital platform, acquired Prime Engineered Components of Watertown, Connecticut in early 2020 as part of its expansion into New England. The article gives no exact date or deal value.
Rexel signed an agreement to sell its Gexpro Services supply chain business to private investment firm LKCM Headwater, with closing expected in Q1 2020. Gexpro Services has about 400 employees and sales of about USD 260 million.
Cerberus Capital Management affiliates completed the purchase of the North American, Costa Rican and Japanese businesses and facilities of closure maker Closure Systems International from Reynolds Group Holdings, which keeps its European, Middle Eastern, Egyptian and South American closures units.
MEYER announced the acquisition of Texas West BOP (TWBOP), headquartered in Odessa, Texas, adding service locations in US shale basins. The announcement was made on December 17, 2019.
ELGi Equipments received approval to acquire 100 percent of Michigan Air Solutions LLC, a Michigan-based air compressor distributor, through its US subsidiary. The total consideration is around US$6 million.
Cascades Inc. is exercising its option to buy the 20.2% interest held by CDPQ in Greenpac Holding LLC, a lightweight containerboard mill in Niagara Falls, New York, for about $93 million. The deal is expected to close January 3, 2020, raising Cascades' stake to 86.3%.
Spicers Paper, a division of Central National Gottesman, acquired Kilmer, Wagner & Wise Paper Company, a Garden Grove, California distributor of corrugated products, stretch film and industrial packaging. Financial terms were not disclosed.
Movement Industries Corp. completed its acquisition of SGX Industrial LLC, gaining IoT monitoring technology, flow control patents and about $300,000 of inventory. The purchase price is Series B preferred shares plus assumption of a $300,000 promissory note.
Winsupply Inc. bought Industrial Equipment & Parts, a Plymouth, Minnesota distributor of heavy industrial pumps serving pulp, paper and ethanol customers. Terms were not disclosed.
TC Transcontinental agreed to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for US$180 million, subject to working capital adjustments. Closing is expected in the first quarter of fiscal 2020.
Wilo USA, through a new subsidiary, acquired the assets of American-Marsh Pumps (J-Line Pump Co.) in Collierville, Tennessee, announced on November 26, 2019. The company employs 55 people and makes centrifugal pumps, vertical turbines and fire protection equipment.
Trelleborg signed an agreement to acquire US-based TriTec Seals, a maker of engineered PTFE sealing solutions for automotive and other industries, through its Sealing Solutions business area. Completion is expected before the end of December 2019.
Green Bay Packaging Inc. became a minority owner of CompanyBox, a Charlotte-based web-to-print packaging company, effective November 22, 2019. CompanyBox will continue under the leadership of Louie DeJesus.
NIBCO has announced its acquisition of Milwaukee Valve, a producer of valves for commercial, industrial and marine markets, which will operate as a wholly-owned subsidiary with no operational changes.
Sonoco signed a definitive agreement to acquire Thermoform Engineered Quality (TEQ) from ESCO Technologies for approximately $187 million in cash. TEQ makes thermoformed packaging for healthcare, medical device and consumer markets, with facilities in the US, UK and Poland.
Refresco acquired AZPACK, a contract manufacturer of bottles and containers for the food and beverage industry headquartered in Tempe, Arizona, on November 14, 2019. Terms were not disclosed.
JB Industries, an Aurora, Illinois maker of HVAC/R tools, has completed its acquisition of C&D Valve of Oklahoma City, Oklahoma. Both brands will continue to operate independently.
Shorehill Capital acquired an ownership interest in Triad Technologies, a Vandalia, Ohio distributor of industrial fluid power and automation products, alongside management and the Wissman family; terms were not disclosed.
Fluid power distributor SunSource joined forces with The Hope Group, a Northborough, Massachusetts distributor of hydraulics and pneumatics, as announced in a letter to customers and vendors on November 5, 2019; the deal was announced internally on October 31, 2019.
Hunt Valve Company, a May River Capital portfolio company, completed its acquisition of Pima Valve, a maker of severe-duty bronze marine valves in Chandler, Arizona, announced November 5, 2019.
Canadian packaging firm GELPAC acquired WBC Extrusion Products of Haverhill, Massachusetts, a maker of single-use blown polymer films, as announced by advisor Woodbridge International. The deal strengthens GELPAC's North American position.
Kaman Corporation agreed to acquire Bal Seal Engineering, a maker of precision springs, seals and contacts, for $330 million in cash. Bal Seal expects about $95 million in revenue for 2019.
Johnson Controls announced it acquired Synchrony, a Roanoke, Virginia developer of active magnetic bearing technology, from Siemens Gas and Power. The deal closed November 1, 2019 and will improve its centrifugal chiller products.
Sabert Corporation agreed to acquire LBP Manufacturing LLC, a Chicago-based maker of paper-based foodservice packaging with plants in the U.S., Poland and China. Sabert's annual sales will exceed $900 million after the deal.
Family-owned Metropolitan Industries of Illinois acquired Emmons Pump & Control, which was renamed Emmons Metro LLC as of August 27, 2019, in Albany, New York. The deal was publicized on October 23, 2019.
Atlas Copco Compressors LLC acquired the assets of California distributors Accurate Air Engineering and Compressed Air of California, which will become factory direct branches across five locations from San Diego to Sacramento. More than 50 staff join Atlas Copco.