Arable Capital Partners has acquired Hydratec, Lodi Pump & Irrigation and Universal Irrigation & Supply, which will merge into a platform called Laurel Agriculture + Water Solutions. No financial terms were disclosed.
Italian valve manufacturer Fratelli Pettinaroli completed the full acquisition of Michigan-based Jomar Group, a maker of ball, butterfly and check valves, in summer 2018, following a 50% stake bought in 2001. The deal was reported on 2018-12-12.
Gulf Controls Company acquired the assets of the Fluid Power division of Valin Corporation on November 30, 2018, and rebranded as GCC. The division, a distributor of hydraulic, pneumatic and electric products with locations in Kent and Spokane, Washington and Portland, Oregon, joins Employee Owned Holdings.
Cascades Inc. acquired assets of Urban Forest Products in Brook, Indiana and Clarion Packaging in Clarion, Iowa, plus a majority stake in Falcon Packaging, for US$37.4 million, doubling its molded pulp packaging capacity. The transaction took effect on December 6, 2018.
Indorama agreed in late December 2018 to acquire an Alabama PET recycling facility from Custom Polymers, with combined annual capacity of 31,000 tons.
Gulf Controls Company acquired the assets of the Fluid Power division of Valin Corporation on 30 November 2018. Valin Fluid Power, a hydraulic, pneumatic and electric products distributor with sites in Washington and Oregon, became a division of GCC.
Oak Hill Capital Partners and Canada Pension Plan Investment Board signed a definitive recapitalization agreement for Berlin Packaging, with CPPIB investing US$500 million. The transaction is expected to close by the end of 2018, and Berlin Packaging has about US$1.4 billion in annual sales.
Orora Limited acquired Pollock Packaging, a Texas-based packaging and facility supplies business with distribution centres in several US states, for US$80.5 million (about AUD$110 million). The deal was announced on 29 November 2018.
Resource Label Group acquired US-based Best Label, a labelling solutions provider serving several industries, to expand its footprint along the US west coast. The deal value was not disclosed.
LBP Manufacturing, a US foodservice packaging company, acquired Dominion QSR, the quick-service restaurant packaging unit of Dominion Packaging. Dominion QSR operates a 240,000 sq ft manufacturing facility in the US. Financial terms were not disclosed.
Royal Box Group, a division of Schwarz Partners, acquired Montgomeryville, Pennsylvania-based corrugated packaging maker Mid-Atlantic Packaging, with Mesirow Financial as exclusive financial advisor. The announcement is dated 15 November 2018.
A-T Controls acquired the assets of Mighty Instruments of Houston, Texas, according to a Valve Manufacturers Association notice dated 15 November 2018.
Eastman Kodak agreed to sell its Flexographic Packaging Division to private equity firm Montagu for a base price of $340 million, with up to $390 million total including earn-outs and prepayments.
Fortis Solutions Group completed the purchase of two US packaging companies, Austin Label and Premier Georgia Printing and Labels, to strengthen its product portfolio and national footprint.
Hexagon Composites signed an agreement to acquire the remaining 50% of Agility Fuel Solutions, valuing Agility's equity at USD 250 million on a 100% basis. Closing is expected in January 2019.
Applied Industrial Technologies has acquired Fluid Power Sales, a manufacturer and distributor of fluid power components based in Baldwinsville, New York. Terms of the purchase were not disclosed.
Sinclair & Rush, through its VisiPak division, completed the acquisition of thermoform packaging maker MasterPac Corporation of St. Louis, Missouri, expanding VisiPak's thermoforming capacity. Production continues at existing MasterPac sites.
The Royal Group (TRG), a division of Schwarz Partners, acquired corrugated packaging maker Mid-Atlantic Packaging in Montgomeryville, PA, adding a manufacturing facility in the northeast. Terms were not disclosed.
Park Energy Services has completed the acquisition of substantially all assets of Midcon Compression, a division of Chesapeake Energy, including a facility in Hinton, Oklahoma and a gas compressor fleet. The deal lifts Park's compression fleet to over 150,000 horsepower.
Welch Packaging has acquired Pierce Box and Paper Corporation, a corrugated packaging supplier in Belvidere, Illinois, extending its service area into northern Illinois and southern Wisconsin. Terms were not disclosed.
The U.S. Department of Justice cleared WestRock's pending acquisition of KapStone Paper and Packaging through Whiskey Holdco, with closing expected November 2, 2018 after the last antitrust approval.
Universal Forest Products, through an affiliate, acquired Milwaukee-based Pak-Rite, which designs and manufactures custom packaging solutions, to expand its footprint.
Brook and Whittle Holdings agreed to acquire Prime Package and Label Co LLC to grow its prime label business in pressure-sensitive and shrink-sleeve labels.
Orora Limited announced the acquisition of Bronco Packaging Corporation, a Dallas, Texas packaging distributor, for about $24 million to expand Orora Packaging Solutions in North America.
Jamestown Container Companies agreed to acquire the packaging business of General Packaging Products in Medina, Ohio, effective November 5, 2018, with terms undisclosed. Jamestown may hire additional operations staff at its Macedonia, Ohio plant.
Sealed Air Corporation acquired AFP, Inc., a privately held fabricator of foam, corrugated, molded pulp and wood packaging based in Pflugerville, Texas. The sale closed August 1, 2018, and AFP had 2017 net sales of $125 million.
Motion Industries, a subsidiary of Genuine Parts Company, has acquired Hydraulic Supply Company, a full-service hydraulic, pneumatic and industrial products distributor, with the transaction completed on October 1, 2018.
BWAY, MAUSER Group, National Container Group and Industrial Container Services have combined into one packaging company, Mauser Packaging Solutions, headquartered in Oak Brook, Illinois, with over 11,000 employees and consolidated revenue of $4 billion.
Fluid Flow has agreed to acquire Hygeniks, Inc., a Massachusetts-based manufacturer and distributor of value-added components and systems for hygienic processes, to expand its process control offerings for life sciences.
New-Indy JV agreed to acquire Resolute Forest Products' Catawba paper and pulp mill in Catawba, South Carolina, which makes coated mechanical paper, specialty paper and market pulp. The deal is expected to close by December 31, 2018.
Krones Inc. acquired W.M. Sprinkman Corp., a Waukesha, Wisconsin maker of food and beverage processing equipment with 125 employees, for an undisclosed price. The deal closed on October 2, 2018.
Resolute Forest Products agreed to sell its Catawba, South Carolina paper and pulp mill to New-Indy Containerboard for about $300 million, including $260 million in cash and about $40 million of assumed liabilities. Closing is expected around year-end 2018.
Middleby Packaging Solutions, a unit of Middleby Corporation, completed the purchase of the assets of M-TEK, a developer of modified atmosphere packaging systems. Terms of the deal were not disclosed.
Rohrer Corporation, a ShoreView portfolio company, acquired Transparent Container, a Addison, Illinois maker of retail packaging with more than 400 employees and six locations. The deal adds thermoforming capacity to Rohrer's packaging business. It was announced on October 1, 2018.
Festo announced the acquisition of Fabco-Air, a Gainesville, Florida manufacturer of pneumatic automation components, which will continue to operate independently in Gainesville.
Südpack is acquiring flexible packaging converter Seville Flexpack in Oak Creek near Milwaukee, its first overseas production site, with the site becoming part of the group on October 1, 2018 and all employees retained.
IntraPac International, a North Carolina rigid packaging manufacturer, acquired Quality Plastics, an Arizona-based maker of extrusion blow molded plastic containers. The deal was announced on September 24, 2018.
Saddle Brook-based PumpMan acquired Scott's AZ Motor Electric Repair, a provider of mechanical component and motor control repair, to expand its pump service network in the Phoenix market. The owners will continue to lead the company.
Henderson acquired all assets and operations of HP Piping Solutions, a high-pressure piping fabricator serving North American oil and gas, with facilities in Southwest Houston, Pearland and Midland, Texas.
Blue Wolf Capital portfolio companies Pearl Technologies and TGW Holdings merged to form Edge Industrial Technologies, a machine knife, blade and packaging manufacturer headquartered in Wilder, Kentucky, with plants in England, the US and India.
Industrea Acquisition Corp entered a merger agreement on September 7, 2018 with Concrete Pumping Holdings entities, a SPAC business combination. The filing does not state a deal value in the excerpt.
ND Paper agreed to purchase Resolute Forest Products' recycled bleached kraft pulp mill in Fairmont, West Virginia, valued at $55 million. The deal expands its packaging paperboard manufacturing base.
Hayward Industries closed its acquisition of Paramount Leisure Industries, a pool equipment maker. Paramount will continue to operate as an autonomous business under its own name with the same management and staff.
Graphic Packaging International agreed to acquire substantially all assets of the foodservice business of Letica Corporation, a subsidiary of RPC Group, for $95 million. The deal is expected to close in the third quarter of 2018, subject to regulatory review.
Archer Limited has agreed to sell its AWC Frac Valves unit, based in Conroe, Texas, to a US private equity fund for USD 30 million on a debt- and cash-free basis. An earn-out of up to USD 5 million depends on 2018 results.
Orora Limited has acquired Dallas-based packaging distributor Bronco Packaging Corporation for up to USD 24 million as part of growth in its North American packaging business. Bronco generates over USD 50 million in revenue, mainly serving fresh food manufacturers in Texas.
Atlas Copco has agreed to acquire the cryogenic business of Brooks Automation, including cryopump operations in Chelmsford, MA and Monterrey, Mexico, for a total value of USD 675 million. Completion is expected in Q1 2019, subject to regulatory approvals.
Morgan Stanley Energy Partners has made a majority equity investment in Midland, Texas pressure pumping provider Catalyst Energy Services to fund new Tier IV pumping equipment for the Permian Basin. No financial terms were disclosed.
Pfingsten Partners acquired Quality Valve, Inc., a Mobile, Alabama distributor of OEM replacement parts for safety and relief valves, alongside founder Raymond McCaffrey III, who retained equity. The deal closed on July 27, 2018; no value was disclosed.
Arnold Packaging acquired World Class Packaging, a Baltimore packaging solutions provider with more than 200 regional customers, adding six employees. The deal expands its mid-Atlantic market share. It was announced on August 8, 2018.