Dematic, a Kion Group company, announced plans to integrate Retrotech, Inc. into its organization as a division of Dematic North America Customer Service. Retrotech was acquired by Kion Group in March 2016. The integration is targeted for completion in 2017.
Platinum Equity, a global investment firm, acquired Warren Valve, a Houston-based flow control valve maker, from Allied Group. Terms were not disclosed.
WILO USA LLC, a subsidiary of WILO SE, acquired in an asset deal the operative business of Weil Pump Company, Scot Pump Company and Karak Machine Corporation, which employ about 140 people in Cedarburg, Wisconsin. I-ADVISE AG advised WILO SE as financial advisor.
Indev Gauging Systems Inc, a subsidiary of Jasch Industries, acquired Automation and Control Technology Inc for $1 million. The combined entity will offer advanced in-line web-based measurement and control technologies.
TEC-Corp., parent of Thompson Electric Co., acquired the assets of Iowa-based Service Unlimited Inc., an industrial controls and automation company, creating Thompson Automation and Specialty Service.
French chocolatier CEMOI Group announced the acquisition of Chris Candies, Inc., a privately owned molded chocolate manufacturer in Pittsburgh, Pennsylvania. Chris Candies makes organic and low-sugar chocolates and employs around 80 people.
Henderson Rigs & Equipment has acquired AXON Drilling Products, formerly a division of AXON Energy Products, to expand its product line and technical expertise in automated drilling.
Electrolux announced the acquisition of Grindmaster-Cecilware, a US-based manufacturer of beverage dispensing equipment including coffee machines, for USD 108 million in cash. The company has manufacturing facilities in Louisville, Kentucky and Rayong, Thailand.
Tetra Pak has acquired Johnson Industries International, a Wisconsin-based maker of mozzarella cheese manufacturing lines and cheese cutting, shredding and brining equipment. The target will stay in its current location.
EXX Inc. announced the completion of the acquisition of Newcor, Inc. by CIE Automotive, S.A. Newcor specializes in high precision machined products for the automotive sector, with facilities in Michigan.
Capital For Business (CFB) announced the acquisition of Lake Air Companies, a precision manufacturer of metal products based in Minneapolis, Minnesota. CFB partnered with The Mendota Group, Aldine Capital, and Lake Air management to complete the transaction.
Wisconsin-based Vonco Products LLC acquired Genesis Plastics Welding of Fortville, Indiana, merging the two firms' contract manufacturing and plastic packaging capabilities.
Australia's Orora agreed to acquire The Garvey Group of Niles, Illinois and Graphic Tech of Fullerton, California for a total of $54 million. Completion is expected by the end of March 2017; the announcement is dated 2017-02-24.
Absolute Machine Tools Inc of Lorain, Ohio, acquired Advanced Machinery Solutions of Columbus, Ohio, becoming the exclusive importer/distributor of LICO Machinery Company of Taichung, Taiwan.
Aptean agreed to acquire irms|360 Enterprise Solutions, a division of Upp Technology, which provides cloud-based warehouse management, asset management and emergency management systems.
Affiliates of Apollo and HGM agreed to combine Novitex and SourceHOV with Quinpario Acquisition Corp. 2 to form Exela Technologies, a public company, in a transaction valued at $2.8 billion.
Southeastern Tool & Design merged with Keystone Machine Technologies, a robotic integrator, to expand its automation and robotics capabilities for manufacturing customers.
Thermo Fisher Scientific plans to buy Finesse Solutions, a maker of process sensors, controllers, and software for biopharmaceutical production with annual sales of $50 million. Terms were not disclosed.
Sonoco signed a definitive agreement to acquire Peninsula Packaging Company, a thermoformed fresh-produce packaging maker in Exeter, California, for about $230 million in cash. The deal is expected to close by Q2 2017.
FCX Performance, a flow control products distributor, acquired Monroe, Michigan-based Renew Valve & Machine Co. and its Cleveland, Ohio-based Valve & Gauge division. The deal was announced on Friday, February 10, 2017, and terms were not disclosed.
RPC Group has acquired Letica Corp., which makes injection-molded and thermoformed containers, packaging and paper products for end markets including food service. The deal value is not stated in this article.
Allied Machine & Engineering (AME), a manufacturer of holemaking and finishing tooling systems, has purchased Superion Inc., a maker of specialty solid carbide and PCD-tipped rotary cutting tools.
Ohio Transmission Corp. has acquired the assets of the Somerset, New Jersey branch of Argo International, an industrial pump and repair distributor. The branch will operate as part of OTP Industrial Solutions with eight employees.
Jain Irrigation, Inc. acquired the technology and core team of Australian Observant Pty Ltd, a precision farm water management company. The acquisition combines Observant's field monitoring and control technology with Jain's global irrigation platform.
ICU Medical Inc. completed its acquisition of Pfizer's Hospira Infusion Systems business, which includes IV pumps, solutions and devices. The deal adds a complete IV therapy portfolio and a broader global footprint.
Toyota Industries Corp. announced the acquisition of Indianapolis-based Bastian Solutions LLC for $260 million. Bastian provides material handling automation and supply-chain software. The deal is expected to close in April 2017.
Henkel opened exclusive negotiations with GCP Applied Technologies to acquire Darex Packaging Technologies, a Cambridge, Massachusetts maker of sealants and coatings for metal packaging, for USD 1.05 billion in cash. Darex has about 700 employees at 20 sites.
Makino Inc. acquired Global EDM Supplies, a supplier of EDM parts and supplies, integrating it into Makino's SST consumables business. The integration is expected to be completed within the first quarter of 2017.
Hexagon AB announced an agreement to acquire MSC Software, a leading provider of CAE simulation software, for an enterprise value of $834 million. MSC had proforma sales of $230 million in 2016 and will operate as an independent business unit within Hexagon's Manufacturing Intelligence division.
Parker Hannifin and CLARCOR have entered into a definitive agreement under which Parker will acquire CLARCOR for about $4.3 billion.
KapStone Paper and Packaging Corporation completed the acquisition of assets of Associated Packaging, Inc. from Scott Dorris and Brad Dorris on February 1, 2017. No purchase price was given in the article.
KSB divested its subsidiary KSB AMRI, Inc. in Houston, Texas, which makes butterfly valves and actuators for chlorine production, to Bray International. KSB and Bray also signed a sales and supply cooperation agreement.
BITZER, the refrigeration compressor maker, announced the acquisition of ElectraTherm, a Reno, Nevada company making Organic Rankine Cycle waste heat to power generators. The deal gives BITZER a US subsidiary entry into the waste heat to power market.
Cleveland Steel Container Corporation acquired privately held U.S. Coexcell, Inc. of Maumee, Ohio, a maker of multi-layer plastic drum packaging, in a transaction for which P&M Corporate Finance was exclusive financial advisor.
Icahn Enterprises L.P. closed its all-cash acquisition of Federal-Mogul Holdings Corporation for $10.00 per share, making Federal-Mogul a wholly owned subsidiary of Icahn Enterprises.
US packaging company WestRock will buy Multi Packaging Solutions International for about $1.39 billion to expand its spirits, confectionery and cosmetics packaging portfolio. The report was published on January 24, 2017.
WestRock agreed to acquire all outstanding shares of Multi Packaging Solutions (MPS) for $18.00 per share in cash plus about $873 million of net debt, a total enterprise value of $2.28 billion. The deal was announced on January 24, 2017.
Ethicon Endo-Surgery, Inc., part of Johnson & Johnson, acquired Megadyne Medical Products, Inc., a privately held medical device company specializing in electrosurgical tools. Financial terms were not disclosed.
Sparta, Wisconsin-based Multistack LLC has acquired Germantown, Wisconsin-based Desert Aire Corp., a maker of commercial and industrial humidity and climate control systems. Desert Aire will operate as a wholly owned subsidiary.
Saw Mill Capital Partners II, LP and affiliated funds have acquired iAutomation, a value-added designer and distributor of automation products. Terms were not disclosed.
Mueller Water Products sold its Anvil International piping components division to private equity firm One Equity Partners for $315 million in cash, effective immediately. Anvil had 2016 net sales of about $338 million.
Forum Energy Technologies acquired the assets of Cooper Valves, a Stafford, Texas maker of metal seated ball valves and cast and forged gate, globe and check valves.
Panasonic Corporation has signed a contract to acquire all shares of TeraDiode, a US-based industrial laser supplier, to strengthen its laser processing business.
Komatsu acquired rival US-based Joy Global in a deal valued at $2.9 billion globally. Both companies manufacture mining and construction machinery. The article notes merger control procedures in Colombia.
Effective December 22, 2016, Trienda Holdings, L.L.C. acquired The PendaForm Company. The combined entity will operate under Kruger Brown Holdings, LLC and become the largest heavy-gauge thermoformer in North America.
TDK Corporation agreed to acquire all outstanding shares of InvenSense for $13.00 per share, totaling $1.3 billion, to strengthen its sensor and actuator product portfolio for IoT, automotive and ICT markets.
New-Indy JV Corp., a joint venture of the Kraft Group and Schwarz Partners, acquired triPAQ, which makes custom corrugated packaging at plants in Cerritos, Santa Ana and Mexicali. 555 Capital Advisors was the exclusive financial advisor on the deal.
Ingredion Incorporated agreed to acquire all outstanding shares of privately held U.S. texture systems maker TIC Gums for $400 million, announced December 20, 2016.
Ohio Transmission Corporation, an industrial equipment distributor based in Columbus, Ohio, acquired C & C Industrial Sales (Gallatin, Tennessee) and Midway Industrial Supply (Minneapolis, Minnesota). Both become divisions of OTP Industrial Solutions, which sells spray finishing, sealant, adhesive, automation and fluid power systems.
Fabco-Air Inc. of Gainesville, Florida acquired the Humphrey stainless steel disposable cylinder product line, including the volume chamber line and cylinder accessories, in a transaction completed December 16, 2016.