US pump service and repair company PumpMan completed its tenth acquisition with the purchase of ABC Electric Corp, an Astoria, New York provider of electric motor repair, variable frequency drive and electro-mechanical control services.
Mill Point Capital portfolio company Huntington Solutions agreed to acquire the assets of Virginia-based RADVA Corporation, a maker of packaging for medical, pharmaceutical and food industries. No financial terms were disclosed.
Greer, S.C.-based Huntington Foam LLC will acquire the assets of Radford, Va.-based Radva Corp, a supplier of expanded polystyrene and polypropylene protective packaging and an EPS recycler.
Hypertherm signed a definitive merger agreement to acquire abrasive waterjet maker OMAX, which becomes a wholly owned subsidiary. Closing is expected on or around April 9, 2019.
Piovan's Universal Dynamics has bought CMG America, according to Plastics News dated March 20, 2019. No deal value was reported.
Standard Industrial Manufacturing Partners, a Hicks Equity Partners portfolio company, has merged with DH Pump and Supply, a maker of replacement pump parts for the oil and gas industry, in Texas. Financial terms were not disclosed.
Opus Packaging Group affiliate Opus Packaging – Wabash acquired Wabash Container, a corrugated sheet conversion plant in Mount Carmel, Illinois, from its owners the Burton family. Rhoades McKee advised on the deal.
Golden West Packaging Group, a New York-based packaging holding company, acquired Renton, Washington-based Allpak Container, which makes consumer and industrial packaging at facilities in Seattle and Spokane.
C-P Flexible Packaging, a portfolio company of First Atlantic Capital, acquired Buffalo, New York-based custom plastic manufacturing and printing firm Flexo Transparent from ORIX Mezzanine and Sidereal Capital Group. No financial terms were disclosed.
Amcor filed shareholder documentation with US and Australian regulators, including board and management appointments, for its takeover of US packaging company Bemis. Shareholder meetings are set for May 2 and completion is expected on May 15, 2019.
Harbour Group acquired LOFA Industries, which makes engine controls, control panels, sensors and wiring harnesses for mobile industrial equipment, in Roswell, Georgia. Terms were not disclosed.
Atlas Copco Compressors LLC has acquired Appleton Compressor Service & Supply Inc., a long-established Atlas Copco distributor in Menasha, Wisconsin, turning the territory into a factory-direct branch. The deal's value was not disclosed.
Atlas Copco acquired Appleton Compressor Service & Supply, a long-established US distributor of its compressors based in Wisconsin with about 15 employees. The purchase price was not disclosed.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, completed the acquisition of Madison-Smith Machine & Tool, a Kentucky-based plant maintenance, repair and precision machining provider, in December 2012.
The US Federal Trade Commission approved, with conditions, the $1.1 billion bankruptcy sale of M&G USA's unfinished plastic resin factory in Corpus Christi, Texas, to Corpus Christi Polymers LLC.
Multi-Color Corporation, a Cincinnati-based label maker, agreed to be acquired by an affiliate of Platinum Equity for $50.00 per share, in a transaction valued at $2.5 billion including $1.5 billion of debt. The deal was announced on 25 February 2019.
Rockwell Automation and Schlumberger agreed to create Sensia, a joint venture offering integrated automation and measurement solutions to the oil and gas industry. The transaction is expected to close and begin serving customers in summer 2019, subject to regulatory approvals.
Industrial Flow Solutions, a portfolio company of May River Capital, acquired Stancor LP of Monroe, Connecticut and BJM Pumps of Old Saybrook, Connecticut, in a merger with the sellers Longview Asset Management and Knox Capital. No financial terms were disclosed.
Greif has completed its all-cash acquisition of Caraustar Industries for $1.8 billion, expecting at least $45 million in cost synergies within 36 months.
Nefab Americas has acquired Pacific Coast Packaging, which makes custom wood, foam and corrugated packaging at its Anaheim, California location. The announcement was made on 6 February 2019.
PPC Flexible Packaging, based in Buffalo Grove, Illinois, announced its acquisition of Pewaukee, Wisconsin-based HFM Packaging, a maker of labels and pouches for cosmetics, personal care and pharma.
HCI Equity Partners acquired Express Packaging, a contract packaging and manufacturing provider in Newcomerstown, Ohio, with a subordinated debt and equity investment from Patriot Capital, announced February 2019.
Oliver Healthcare Packaging purchased US-based medical packaging firm CleanCut Technologies, including its 70,000 sq ft facility in Anaheim, California and its product portfolio. The deal also covers design, prototyping and contract packaging.
Technical Precision Plastics has merged its operations with IntraPac International, a specialty packaging company owned by Oncap. TPP has facilities in Mebane, North Carolina and Haina, Dominican Republic.
Amcor has pushed the closing of its all-stock $5.25 billion takeover of Bemis back by a quarter to the second quarter of 2019, citing US antitrust approval and SEC review delays caused by the partial government shutdown.
Eastside Distilling has acquired Portland-based mobile canning and bottling provider Craft Canning + Bottling by merger for an aggregate $5.2 million. The business will combine with Eastside's Mother Lode co-packing subsidiary, serving wine and RTD cocktail producers in Oregon, Washington and Colorado.
Danfoss has entered a definitive merger agreement to acquire all outstanding shares of UQM Technologies, a maker of motors and inverters up to 250 kW headquartered in Longmont, Colorado. UQM will become part of the Danfoss Power Solutions segment. No deal value was given.
Alpek Polyester's operational subsidiary DAK Americas has agreed to acquire the Perpetual PET recycling plant of Perpetual Recycling Solutions in Richmond, Indiana, with capacity of 45,000 tonnes of rPET flake per year; financial terms are undisclosed and completion is scheduled for Q1 2019.
TRICO Group acquired the Performance Pumps business of UCI International Holdings, comprising ASC Industries and Airtex Products, with the deal effective immediately. The announcement is dated 15 January 2019 and no value was stated.
Portland private equity firm LVL3 announced its acquisition of privately owned Hoffman Instrumentation Supply, a Hillsboro, Oregon maker of high and ultra-high vacuum stainless steel components.
Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of specialty flow control products, for about $768 million, expected to close within 30 days. The deal is financed with a new credit facility.
TricorBraun acquired Pacific Bag LLC, one of the largest independent US distributors of flexible packaging. Pacific Bag will be combined with Taipak into a new unit called TricorBraun Flex. Terms were not disclosed.
Pentair agreed to acquire water treatment company Aquion for $160 million in cash, adding its affiliated residential dealer network. Completion is expected in Q1 2019, subject to regulatory approvals.
Atlas Holdings acquired Saxco International, a North American value-added distributor of rigid packaging such as glass, metal and plastic containers, capsules and closures for wine, spirits, craft beer and food markets. Terms were not disclosed.
Oliver Printing & Packaging, a Pfingsten portfolio company, acquired DISC Graphics, a manufacturer of folding carton packaging, micro-fluted corrugated boxes and pressure sensitive labels headquartered in Hauppauge, New York. It is the platform's second add-on acquisition.
Hartfiel Automation acquired Fiero Fluid Power, a distributor of pneumatic, automation, motion control, robotics and instrumentation products with stocking locations in Denver, Colorado and Salt Lake City, Utah. The combined business will operate as Fiero Automation.
Reed's Inc. closed the sale of its Los Angeles beverage manufacturing operations, equipment and private label business to California Custom Beverage, an entity owned by its founder Chris Reed, for $1.25 million. Reed's will receive private label royalties for three years and has a three-year co-packing agreement for its glass bottled beverages.
Fluid Flow, a Charlotte, North Carolina fluid management supplier, agreed to acquire Bibb Control Systems, a Georgia-based distributor of process control components founded in 1930.
Kaman Corporation agreed to sell its industrial distribution business to Little John & Co. for $700 million, to focus on its aerospace operations. The deal was reported in a 2019 review of pump and valve sector M&A.
Private equity firm May River Capital, with Longview Asset Management and Knox Capital Holdings, merged Stancor LP with BJM Pumps LLC in Q1 2019.
Franklin Electric added Milan Supply Co, a Michigan-based groundwater distributor, to its Headwater business in a US$5.9 million deal in Q1 2019.
Pentair plc acquired US water treatment equipment company Aquion in Q1 2019 to get closer to residential consumers.
United Rentals announced on February 15, 2019 its acquisition of the rental division of Thompson Pump. MWI Pumps' CEO commented on the deal, which involves specialty pump rental locations and their employees.
Private equity firm Graham Partners invested in Nuconic Packaging of Vernon, California, a thermoformed PET food packaging supplier, to build a nationwide packaging platform with Tray-Pak and EasyPak. No financial terms were given.
The US FTC granted early termination of Alfa, S.A.B. de C.V.'s acquisition of M&G Resins USA, LLC, a resin producer, on December 21, 2018.
Greif agreed to acquire recycled paperboard maker Caraustar Industries from H.I.G. Capital in a cash deal valued at $1.8 billion. Closing is expected in Q1 2019, with at least $45 million of annual cost synergies identified.
Hood Container Corporation has agreed to acquire Custom Packaging LP, a corrugated display and industrial packaging maker with plants in Lebanon, Tennessee and Arden, North Carolina. The deal is expected to close in January 2019.
Gardner Denver Holdings has acquired MP Pumps, a Fraser, Michigan maker of specialty industrial pumps, for a net purchase price of about $58 million in cash. MP Pumps was previously owned by Lionheart Industrial Group.
Rohrer Industries, owned by ShoreView Industries, acquired Addison, Illinois-based Transparent Container, a retail packaging maker with more than 400 employees, adding thermoforming capacity. CFI USA acted as sell-side advisor. The announcement was dated 2018-12-13.
Special purpose acquisition company One Madison Corporation signed a definitive agreement with Rhone Capital affiliates to combine with Ranpak, a fiber-based protective packaging maker, at an anticipated enterprise value of about $1,089 million. The announcement was dated 2018-12-13.