Japan Pulp and Paper submitted a binding proposal on September 24, 2024 to buy 100% of Inapa France from its insolvency administrator for EUR 25 million, based on an enterprise value of EUR 73.1 million. The offer competes with a EUR 20 million bid from Next Pack for the packaging business.
Ireland-based Schivo has acquired ParMed, a fluid handling firm in Berlin, Connecticut, that makes intelligent electronic rotary valves, layered manifolds and pumps. ParMed will operate within Schivo's Life and Analytical Sciences segment. The announcement was made on September 24, 2024.
SmartSights has acquired Sage Clarity, a provider of manufacturing data analytics apps.
AICA Asia Pacific Holding Pte. Ltd. (AAPH) signed an agreement to purchase a 51% stake in ADB Sealant Co., Ltd. (ADBS), a subsidiary of Applied DB Public Company Limited. The acquisition increases ADBS's registered capital to 645.09 million baht.
Economic Alternatives, Inc. (EAI Water) has acquired Clearwater Industries, a water treatment company based in Shelton, Connecticut, expanding EAI's presence to the East Coast.
Mantero, an Italian textile company, acquired a 70% stake in Maglificio Ites, a knitwear manufacturer based in Agliana, Italy, with 44 employees. The acquisition is part of Mantero's 2024-2026 strategic plan to expand its product range in the luxury market.
Alantra Private Equity's fourth fund acquired a controlling stake in SPW Fabrics, a Spanish manufacturer of technical fabrics for sportswear, swimwear, workwear, and healthcare applications. The founders retain a significant stake.
Hammond Power Solutions Inc. signed a definitive agreement to acquire the assets of Micron Industries Corporation, a US-based manufacturer of control transformers, for approximately USD 16 million. Micron Industries had about USD 23 million in revenue in 2023 and is based in Sterling, Illinois.
Heartwood Partners made a growth equity investment in Royal Products, a manufacturer and distributor of metalworking accessories for CNC machine tools. The deal was announced on September 23, 2024.
Family-owned corrugated packaging maker Welch Packaging has joined forces with Capitol City Container Corp (Cap City Container) in Indianapolis to strengthen its Midwest position. Specific terms were not disclosed.
Platinum Equity is reportedly negotiating to buy metal packaging maker Trivium Packaging from owners Ardagh Group and the Ontario Teachers' Pension Plan for more than $3.5 billion, according to Bloomberg sources. The deal is not yet guaranteed.
Barcelona-based refrigeration and air conditioning supplier Area Cooling Solutions has been acquired by Belgian company IPCOM.
Panasonic has completed the acquisition of Polish refrigeration equipment manufacturer Area Cooling Solutions Sp zoo.
The Giordano Riello International Group (GRIG), owner of Aermec, has acquired Spanish air conditioning companies Airlan SA and Airlan Industrial SA.
Vesta Software Group acquired MachineMax, a provider of operational efficiency software for the mining and construction industry, from Shell. MachineMax serves over 100 clients and tracks over US$1 billion in assets.
GRAMMER AG has signed an agreement to sell the Toledo Molding & Die Group (TMD Group) to APC Parent LLC. The TMD Group, headquartered in Toledo, Ohio, produces thermoplastic components for the automotive industry and had revenues of USD 213 million in 2023.
Stryker has acquired Nico Corporation, an Indianapolis-based company that manufactures neurosurgical devices including BrainPath and Myriad for treating intracerebral hemorrhages. The acquisition expands Stryker's neurotechnology and stroke care portfolio.
SDIC Microelectronics is considering acquiring up to 70% of a unit of Chipbond Technology for 140 million yuan.
Indorama Ventures Public Company Limited completed its acquisition of 100% of Brazil-based Oxiteno S.A. Indústria e Comércio, effective April 1, 2022, becoming a leading global supplier in high-value surfactant markets.
ABLIC Inc., a MinebeaMitsumi group company, has agreed to acquire the medical-related business of Socionext Inc., including handheld ultrasound diagnostic equipment solutions, signing a business transfer agreement on September 6, 2024.
An affiliate of Stellex Capital Management agreed to acquire Fox Brothers Holdings Group, a Blackpool-based haulage, plant hire and aggregate group. The transaction includes a merger with J A Jackson, a quarry operator and producer of recycled aggregates and ready-mixed concrete.
Yankuang Energy Group completed the acquisition of a 52.66% stake in German mining equipment manufacturer SMT Scharf AG for €32.17 million, gaining entry into the European market.
The Punto Pack Group, controlled by Roberto Nisica's holding Nice Do, acquired the majority of Printingpack S.r.l., a Barberino Tavarnelle printing and paper converting firm serving pharmaceutical, cosmetics and food industries. No value was disclosed.
Hardinge Inc. completed the sale of its global machining and workholding businesses to affiliates of Centre Lane Partners under the U.S. Bankruptcy Code. The businesses will operate as Kellenberger (machining) and Forkardt Hardinge (workholding).
Maxcess International acquired International Cutting Die, a manufacturer of dies and die-cutting systems for nonwoven and converting industries, in September 2024.
Syntiant Corp. agreed to acquire certain assets of Knowles Corporation's consumer MEMS microphones business for $150 million, enabling a complete system for always-on audio applications.
Fairbanks Morse Defense has agreed to acquire Rolls-Royce's Naval Propulsors and Handling business, including facilities in Pascagoula (Mississippi), Walpole (Massachusetts) and Peterborough (Ontario). The business produces propellers, waterjets and marine handling systems for naval applications.
Ancom Nylex Bhd, through its subsidiary Nylex Holdings, is acquiring a 70% stake in Colorex Sdn Bhd for RM14 million cash. Colorex is a specialty chemical blender and trader serving the automotive and other sectors.
Coesia, an Italy-based packaging equipment supplier, has acquired a minority share in PWR Pack, a UK-based robotic packaging systems provider. The partnership aims to offer full-line automated packaging systems in Europe, Australia, and North America.
Evolem acquired the industrial packaging division of ALIPA Group, comprising NO-NAIL BOXES, WALUPACK SERVICES and Allpack Services, which make folding plywood and steel packaging boxes. Eight Advisory provided due diligence.
FLSmidth signed an agreement to acquire TIPCO Tudeshki Industrial Process Control GmbH of Aachen, Germany, adding particle-size sensor technology to its mining PCV solutions. Terms were not disclosed.
Nordic financial services group SEB Private Equity has acquired Swedish wire rope manufacturer Talurit.
Press Metal Aluminium Holdings Bhd entered into agreements to acquire an 80% equity interest in PT Kalimantan Alumina Nusantara for RM1.04 billion. The joint venture will establish an integrated alumina refinery in Sanggau, West Kalimantan, Indonesia with Phase 1 capacity of 1-1.2 million metric tonnes per year.
West Yorkshire-based HVAC equipment suppliers Penmann Climatic Systems and Newsome have merged to form a single group offering temperature control and dehumidification solutions for the food processing and other sectors.
Biocomposites acquired the remaining shares in Laboratorios SL S.A. and Synergie Ingénierie Médicale S.A.R.L., gaining full control of the SYNICEM and Subiton antibiotic bone cement product ranges.
EQVA ASA has closed the acquisition of Kvinnherad Elektro AS and its 51% stake in Vassnes Solutions AS, consolidating them under Nordic Industrial Solutions (NIS). The deal was announced on 14 May 2024 and closed on 18 September 2024.
Saudi Arabian Mining Company (Ma'aden) will acquire Saudi Basic Industries Corporation's (Sabic) 20.62% stake in Aluminium Bahrain (Alba) for SAR 3.6-4 billion ($960 million-$1.07 billion). The deal is subject to regulatory approvals.
Wilson Tool International, a US-based tooling manufacturer, acquired PASS Stanztechnik AG, a German manufacturer of precision punch press tooling located in Creußen, Germany. The acquisition strengthens Wilson Tool's presence in the European market.
D.C. Humphrys, a Philadelphia-based tarp and industrial textiles company, acquired Gosport Manufacturing, a tarps and industrial textiles producer in Gosport, Indiana. The acquisition keeps all employees in place.
Bel Fuse Inc. announced a definitive agreement to acquire an 80% stake in Enercon Technologies from Fortissimo Capital for $320 million in cash, based on an enterprise value of $400 million. The acquisition expands Bel's presence in aerospace and defense markets.
bluu unit, a Triton Partners portfolio company, acquired Hauschild Kälte-Klima-Elektrotechnik GmbH, a refrigeration and air conditioning technology company based in Reinfeld, Germany, in June 2024.
Mpac Group has acquired CSi Palletising from Elstar International in a deal worth £46 million, announced on October 7, 2024.
Luxshare Precision Industry signed an agreement on September 17, 2024, to acquire a 51% stake in German wire harness supplier Leoni.
Polywater acquired Carima, a European manufacturer of water-based lubricants for fiber optic and power cable installation, to enhance its global manufacturing footprint and support in EMEA.
Nordomatic, a global BMS provider, has acquired AME Inc., a leading BMS provider in the New York Metropolitan Area. AME will continue to operate under its current brand.
Senata GmbH, a family-owned group from Freising, Germany, has acquired Parat Group, a plastics specialist based in Neureichenau, Germany, with operations in Hungary, Romania, and China. The deal includes 1,000 employees and annual revenue of €110 million.
Eastern Metal Supply, a Wynnchurch Capital portfolio company, acquired the assets of Aluminum Products Wholesale, a Jacksonville-based distributor of aluminum extrusions and related products for patio enclosures.
Saudi Arabia's Maaden acquired SABIC's 20.62% stake in Aluminium Bahrain (ALBA), aligning with Maaden's strategy to expand regional presence and form a global aluminum powerhouse.
Molex, through its affiliate Molex Asia Holdings, signed an agreement to purchase Vectura Group Limited from Vectura Fertin Pharma Inc., a subsidiary of Philip Morris International, to expand its drug delivery capabilities in inhalation.
Aage Hempel Group acquired Sofio Marine and Marintech in Singapore, expanding its presence in the Asian market for marine electronics solutions.