Arcline Investment Management signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company, which manufactures compression and engine systems in Houston, Texas and Salina, Kansas. The price was not disclosed.
Rand-Whitney Container LLC acquired Specialty Finance & Consulting Corporation (SF&C) of Red Lion, Pennsylvania, a corrugated sheet and packaging manufacturer, including its Specialty Industries, NuPak Printing and Krafcor Industries units. The deal expands Rand-Whitney into the Mid-Atlantic region.
Standard-Knapp shareholders agreed to sell the Portland, Connecticut packaging machinery maker to EoL Packaging Experts, which includes Germany's A+F Automation. The merger creates an end-of-line packaging leader in America and Europe.
Kellstrom Defense Aerospace completed its acquisition of TAVCO, Inc., a Chatsworth, California maker of pneumatic controls and pressure vessels for aerospace and defense. Financial terms were not disclosed.
Ross Valve of Troy, New York, acquired the Green Island property from LAI International for $2.5 million and plans to hire 50 new employees over five years while retaining 10 workers.
Kaman Corporation sold its industrial distribution business to Littlejohn & Co. for $700 million in Q3 2019, to focus on its aerospace business. The deal is reported in a fluid handling industry M&A roundup.
First Reserve has completed its acquisition of Trillium Flow Technologies, formerly Weir Flow Control, from The Weir Group. Trillium makes 15 pump and valve brands for power, oil and gas, water and mining customers. Final terms were not disclosed.
Mexican paper maker Biopappel, through its US subsidiary McKinley Paper Company, acquired 55 percent of US Corrugated Inc and subsidiaries. The amount was not disclosed, and the deal doubles Biopappel's US operations.
Airtech Group, a portfolio company of EagleTree Capital, acquired Champion Valves Inc. and Valve & Pump Specialties, Inc., designers and distributors of industrial check and butterfly valves, in July 2019.
Ross Precision Manufacturing, an affiliate of Ross Valve Manufacturing, acquired LAI International's Green Island operations in Albany County, New York, investing $2.5 million and creating 50 new jobs.
Avingtrans acquired Energy Steel & Supply Co., a US manufacturer of machined products and components for the civil nuclear power industry, on 24 June 2019 for $1m. The deal expands Hayward Tyler's nuclear capabilities and product lines.
As part of the Elite deal, Archrock will sell about 80,000 active and idle compression horsepower to Harvest Midstream for $30 million in cash.
Archrock agreed to acquire substantially all assets of Elite Compression Services, including about 430,000 horsepower of mostly large-horsepower compression units, for $410 million in cash and newly issued shares.
Ohio Transmission Corporation has acquired Furey Filter & Pump and its subsidiary PSI Engineering, two pump and filtration companies with 65 employees in Wisconsin and Minnesota.
Genstar-backed Tekni-Plex acquired three manufacturing facilities from Amcor's flexible packaging business in Madison and Milwaukee, Wisconsin, and Ashland, Massachusetts. No financial terms were disclosed.
Keane and C&J Energy Services agreed an all-stock merger of equals, creating the third-largest pressure pumping company in the US. No deal value was given in the article.
Atlas Copco acquired the operating assets of Taylor Air Center, a compressor distributor and division of Vallen Distribution, in the Lehigh Valley, Pennsylvania. The business has about 20 employees and will join Atlas Copco's Compressor Technique service division. The price was not disclosed.
Zume Inc. purchased Pivot Packaging, a maker of plant-based alternatives to plastic packaging, and plans to open new production in California. The deal was reported on 14 June 2019.
SIGMA Corporation merged its Fire Protection business with four business units of Unique Industrial Group to form the SIGMA Piping Products joint venture. The venture will serve national pipe, valve and fittings distributors and OEM markets from Denver, Colorado.
Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass, a fluid management vessel and tank maker, and Diamond Services, an industrial services business. The business will be rebranded Diamond Fiberglass Systems and Services.
Speyside Foundry Holdings, backed by Speyside Equity Fund I, acquired Hazleton Casting Co. in Hazleton, Pennsylvania, with the transaction completed in mid-June 2019. The value was not disclosed.
LBP Manufacturing, LLC acquired Yeadon-based Union Packaging, a folding carton producer for quick service restaurant brands, from founder Michael Pearson. Financial terms were not disclosed.
New-Indy JV Corp., a joint venture of the Kraft Group and Schwarz Partners, agreed to acquire Carolina Container Company, a corrugated packaging maker headquartered in High Point, North Carolina, including its CaroCon Display and Packaging division. The expected closing date was the end of January 2015.
Consolidated Container Company has acquired the assets of Sonic Plastics Enterprises, a packaging producer for nutraceutical, health and beauty markets in the mountain west region of the United States.
Crane Co proposed an all-cash deal at $45 per share to buy Circor International, a transaction described as worth $1.7 billion. Circor's board rejected the proposal, and Crane made it public on May 21, 2019.
Crane Co proposed to acquire Circor International for $45 per share in cash, a 47% premium to Circor's closing price. Circor's board rejected the April 30 proposal, and Crane made it public on May 21, 2019.
Sonoco signed an agreement to acquire Corenso Holdings America from Madison Dearborn Partners for about $110 million in cash. Corenso operates two Wisconsin Rapids facilities making paperboard cores and recycled board, and the deal is expected to close later in 2019.
NPK Construction Equipment, a subsidiary of Japan's Nippon Pneumatic Manufacturing, has purchased Genesis Attachments LLC of Superior, Wisconsin, and its German affiliates Genesis Holdings and Genesis GmbH. The purchase price was not disclosed.
Novolex and Pactiv Evergreen have signed a definitive agreement to combine into a leading food, beverage and specialty packaging manufacturer. Pactiv Evergreen shareholders will receive $18.00 per share in cash.
Welch Packaging, a Midwest family-owned packaging business, has acquired Heritage Packaging, a corrugated packaging supplier in Lincoln, Illinois. Terms were not disclosed and the deal extends Welch's service area into central Illinois.
Amcor and Berry Global filed the definitive joint proxy statement for their all-stock transaction with the SEC, with shareholder meetings set for 25 February 2025.
Spicers Paper, a division of Central National Gottesman, acquired Premiere Packaging Industries, a packaging supply distributor based in Cerritos, California. PPI will keep operating under its own name.
Packaging Corporation of America agreed to purchase Greif's containerboard business for $1.8 billion in cash, including two US mills with about 800,000 tons of capacity and eight corrugated plants, with closing expected by the end of PCA's third quarter.
New-Indy Containerboard, a joint venture of Schwarz Partners and Kraft Group, acquired Proactive Packaging and Display, a corrugated display packaging maker in Ontario, California, on 9 May 2019. Mesirow Financial advised the seller and no financial terms were disclosed.
Dover Corporation acquired the assets of All-Flo Pump Company, a maker of air-operated double-diaphragm specialty pumps, for $40.0 million in May 2019.
Ian and Cheryl Bernstein bought Trenton Corrugated Products, a corrugated box maker in Trenton, New Jersey, from its founders. A $2.5 million M&T Bank loan with NJEDA participation financed the purchase of the 160,000-square-foot building, and the company expects to hire 10 employees.
Gardner Denver and Ingersoll-Rand agreed to combine Gardner Denver with Ingersoll Rand's Industrial segment via a spin-off, creating a global pump and compressor maker valued at about $5.8 billion for Ingersoll Rand shareholders.
New-Indy JV Corp. acquired Proactive Packaging and Display, a corrugated packaging and display producer in Ontario, California, closing the deal on May 1, 2019. Financial terms were not disclosed.
Sealed Air signed a definitive agreement to acquire US-based automated bagging systems maker Automated Packaging Systems for a total consideration of $510 million on a cash and debt-free basis. The deal is subject to regulatory approval.
Cenveo Worldwide sold its long-run labels and receipt paper assets to Iconex LLC, a portfolio company of Atlas Holdings, including plants in Joplin, MO, Jefferson City, TN and Vernon, CA. Financial terms were not disclosed, announced April 30, 2019.
Ingersoll-Rand plc agreed to spin off its Industrial business and merge it with Gardner Denver Holdings in a cash-and-stock Reverse Morris Trust deal valued at about $15 billion, announced April 30, 2019.
Ingersoll Rand agreed to merge its air compressor, pumps, and fluid and materials handling business with Gardner Denver, spinning off its industrial business. The climate solutions business will receive $1.9bn in cash from the merger financing.
Parker-Hannifin entered a merger agreement under which it will acquire LORD Corporation for $3.675 billion in cash on a cash-free, debt-free basis, to be financed with new debt.
Amcor entered a binding agreement to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash as part of remedies for its Bemis transaction, with completion expected on 15 May 2019.
Amcor agreed a binding deal to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash to resolve US DOJ concerns over its Bemis merger.
Genstar-backed Pretium Packaging acquired Olcott Plastics of St. Charles, Illinois, a maker of injection-molded beauty and healthcare packaging. It is Pretium's sixth add-on acquisition since Genstar's 2014 investment.
Elliott Group completed the merger of Ebara International Corporation, based in Sparks, Nevada, with its Jeannette, Pennsylvania operations, effective from 1 April 2019. Cryodynamics cryogenic pumps are now made at Elliott's Jeannette factory.
Genstar Capital, a private equity firm, announced the acquisition of Ohio Transmission Corporation, an industrial automation equipment distributor headquartered in Columbus, Ohio, alongside management. The deal was announced on April 9, 2019 and no value was disclosed.
CEO Viren Patel completed the acquisition of Fluid Energy Controls, a City of Industry, California maker of custom accumulators and fluid power distributor, effective April 1 (2019).
Elliott Group completed its merger with Ebara International Corporation, which makes cryogenic pumps and expanders, with its operations in Jeannette, Pennsylvania. The merged business became one of Elliott's four business units.