MatHolding, through its division IQV (Industrias Químicas del Vallés), acquired the historic Quart de Poblet plant from Bayer, signed on May 31, 2024. The plant, located in Quart de Poblet, Valencia, Spain, will strengthen IQV's position in plant health and tolling manufacturing.
Veolia Portugal completed the acquisition of 100% of Micronipol, a polymer recycling company that produces about 20,000 tonnes of recycled plastic annually. The acquisition aligns with Veolia's GreenUp strategic program.
Endurance Technologies, through its subsidiary Endurance Overseas Srl, acquired 100% of Ingenia Automation Srl in Turin, Italy. The consideration is up to 3.6 million euros, including an earn-out. Ingenia designs and installs industrial automation systems.
Flow Service Partners, a portfolio company of RLJ Equity Partners, acquired Dynamic Air Solutions, a commercial and industrial HVAC services specialist based in Louisville, Kentucky. The acquisition expands Flow's service capabilities in Kentucky and southern Indiana.
Endurance Overseas acquired 100% of Ingenia Automation s.r.l., an Italian automation and robotics company based in Volpiano, Italy, on May 31, 2024. The acquisition aims to bolster Endurance's skills in industrial automation and expand its value chain presence.
ATT Mining Solutions (ATTMS) acquired OTR Jasebenza, a REMA-certified repair service provider, to expand its national footprint and capabilities in rim repairs and open-cast mining services in South Africa.
ArcelorMittal Construcción completed the acquisition of Italpannelli SRL in Italy and Italpannelli Ibérica SA in Spain. Italpannelli is a manufacturer of lightweight insulating panels for roofs and facades, with plants in Zaragoza, Spain and Abruzzo, Italy, employing about 260 people.
Marcegaglia, a European steel processor, acquired the Ascometal Fos-sur-Mer site in France through a court-supervised insolvency proceeding, with an investment of over €800 million. All 323 employees will be transferred.
WACKER acquired the manufacturing assets and know-how of U.S.-based Bio Med Sciences Inc., including a silicone adhesive coating test and development center in Allentown, Pennsylvania. The purchase price was not disclosed.
The Foreign Investment Review Board (FIRB) confirmed no objection to the $2.1 billion takeover of Adbri by a consortium of CRH's Australian subsidiary and Barro Group. The deal still requires Adbri shareholder approval at a meeting on June 12, 2024.
EDF officially acquired GE Vernova's nuclear turbine activities, including the Arabelle turbine manufacturing and maintenance operations, employing 3,300 workers across 16 countries. The deal was announced by French President Emmanuel Macron.
Green Bay Packaging Inc. has acquired SMC Packaging Group of Springfield, Missouri, a corrugated packaging company with plants in Missouri, Arkansas and Oklahoma. The transaction closed May 31, 2024 and was announced June 6, 2024.
IGI Private Equity, with co-investors LGT Capital Partners and BNP Paribas BNL Equity Investments, will acquire control of ThermoKey S.p.A., an HVAC-R heat exchanger manufacturer based in Rivarotta, Italy. Giuseppe Visentini will retain 5% and continue as CEO.
WACKER acquired the manufacturing assets and know-how of U.S.-based Bio Med Sciences Inc., including a silicone adhesive coating test and development center in Allentown, Pennsylvania, to expand its silicone-coated healthcare products business.
Stein Fibers LLC, a global supplier of sustainable fiber and polymer solutions, acquired Banyan Plastics LLC, a distributor of recycled materials, to accelerate growth in the sustainable polymers market.
Umbria Verde Mattioli shareholders signed a binding agreement to sell 100% of the capital to Società Manifattura Tessile S.r.l. (SMT), a subsidiary of Pattern S.p.A., for a price of 20 million euros. The closing is expected by June 2024.
TYHC International PTE. LTD agreed to acquire Nikkiso Europe GmbH and Nikkiso Critical Care Medical Supplies (Shanghai) Co., Ltd. from Nikkiso Co., Ltd. for €43.54 million. The transaction is expected to close in December 2024.
Rio Tinto agreed to acquire Sumitomo Chemical Company Limited's 2.46% interest in Boyne Smelters Ltd (BSL), which owns the Boyne Island aluminium smelter in Gladstone, Australia, for an undisclosed price. On completion, Rio Tinto's interest in BSL will be 61%.
Rio Tinto agreed to acquire Sumitomo Chemical Company Limited's 20.64% interest in New Zealand Aluminium Smelters (NZAS) for an undisclosed price, making NZAS 100% owned by Rio Tinto.
LyondellBasell (LYB) completed the acquisition of a 35% interest in National Petrochemical Industrial Company (NATPET) from Alujain Corporation. The joint venture uses LYB's Spheripol polypropylene technology and NATPET has approximately 400,000 tons of annual PP production capacity.
Sharps Technology Inc. signed an asset purchase agreement to acquire the InjectEZ specialty syringe manufacturing assets in West Columbia, South Carolina for $35 million. The facility will be the only dedicated COC prefillable syringe manufacturing plant in North America.
Chargeurs PCC Fashion Technologies signed a binding agreement to acquire two strategic business units of Swiss company Cilander, including the Geissbühler factory in Lützelflüh and the ALUMO shirt fabrics brand. The transaction is expected to close early Q3 2024.
Sensor Systems LLC has acquired the assets of Ruhle Companies Inc's encoder line, including optical encoders and Inductosyn position transducers. The operations will be consolidated at Sensor Systems' headquarters in St. Petersburg, Florida by June 2024.
Micropower Group has signed an agreement to acquire all outstanding shares in Swede Electronics AB, a manufacturer of battery chargers for material handling applications, cleaning machines and electrical wheelchairs. The transaction is expected to close in June 2024.
H.B. Fuller Company has acquired ND Industries Inc., a provider of specialty adhesives and fastener locking and sealing solutions, including the Vibra-Tite brand. The acquisition adds to H.B. Fuller's product range in epoxy, cyanoacrylate, UV curable and anaerobic adhesives.
Tencarva Machinery Company, backed by Bessemer Investors, acquired Tri-State Coating & Machine, a provider of thermal coating services and industrial parts based in Salt Rock, West Virginia. Financial terms were not disclosed.
FTAI Aviation Ltd. announced an agreement to purchase Lockheed Martin Commercial Engine Solutions from Lockheed Martin Canada for $170 million. The acquisition, expected to close in the second half of 2024, includes a 526,000-square-foot aircraft engine maintenance facility in Montreal, Quebec.
Newterra acquired the assets of Carbon Service and Equipment Company (CSEC) from Encotech Inc., expanding its activated carbon treatment solutions and services in potable, wastewater, remediation, and industrial markets.
Plasma Processes, a provider of ultra-high temperature materials and coatings, acquired Metaltech Machine & Tool, a wire EDM-focused machine shop in Scottsboro, Alabama, to vertically integrate its supply chain.
The PERI Group acquired Mabey Hire Ltd., a UK-based provider of infrastructure and renovation construction solutions. Mabey Hire will continue under its current management as an independent company under PERI UK.
Mazzella Companies acquired Piedmont Hoist & Crane, a crane manufacturer based in Winston-Salem, North Carolina. The acquisition positions Mazzella as a leading manufacturer of overhead cranes and lifting equipment in North America.
The Niedax Group, a manufacturer of cable management systems, has acquired Spina Group, a manufacturer and distributor of cable management systems. The acquisition expands Niedax's international presence.
Surmodics entered into a definitive agreement to be acquired by private equity firm GTCR for $43.00 per share in cash, representing an equity value of approximately $627 million.
Topband Co., Ltd. announced it will use 165 million yuan in cash to acquire the remaining 28.46% equity of Yancong Automation, making it a wholly-owned subsidiary.
Worthington Enterprises signed an agreement to acquire 100% of Hexagon Ragasco, a Norwegian manufacturer of LPG composite cylinders, for approximately $98 million. The acquisition is expected to close on June 3, 2024.
Worthington Enterprises signed an agreement to acquire 100 percent of Hexagon Ragasco, a maker of composite LPG cylinders in Raufoss, Norway, for approximately $98 million, with closing expected around June 3, 2024.
Landefeld, a supplier of pneumatics, hydraulics and industrial components, completed the acquisition of Köly, a German manufacturer of pneumatic rotary actuators. Financial terms were not disclosed.
Yinhe Electronics, through its subsidiary Anhui Xiaojun, acquired all unmanned assets of Hefei PatentGuru for 10 million RMB.
Kaynes Technology India Limited has completed the acquisition of Digicom Electronics, Inc., an EMS company based in Oakland, California, to expand into the U.S. market.
Samsung Electronics and Lennox agreed to form a joint venture, Samsung Lennox HVAC North America, to sell ductless HVAC systems in the U.S. and Canada. Samsung will own 50.1% and Lennox 49.9%. The joint venture is expected to be operational in the second half of 2024.
Kreate Sverige AB acquired the remaining 66% of Karell Schakt AB, an earthmoving company in Sweden, to support its growth strategy in the country.
Thuasne, a global medical device company, acquired Corflex Global, a US specialist in orthopedic bracing, to strengthen its presence in the US market.
Siemens announced plans to acquire ebm-papst's industrial drive technology division, which employs 650 people. The purchase price is undisclosed, and the transaction is expected to close by mid-2025.
Feedall Automation announced the acquisition of RoboShop Inc., a robotic automation company based in Syracuse, New York, to expand its product line in conveyors, universal flex feeders and part feeder machines.
Nordson Corporation has entered into a definitive agreement to acquire Atrion Corporation, a leader in medical infusion fluid delivery and cardiovascular solutions, for $460.00 per share in cash. Atrion is headquartered in Allen, Texas.
Epiroc has agreed to acquire Yieldpoint Inc., a Canadian company providing advanced ground support solutions for mining and civil engineering. Yieldpoint is based in Kingston, Ontario, and has about 10 employees.
Triton portfolio company Techouse Group AS has signed an agreement to acquire Eureka Group AS, an Oslo-based maker of water pumps and gensets for offshore installations. The Eureka brand will remain as a separate subsidiary.
Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, acquired S&W Services, Inc., a petroleum service and inspection provider based in Syracuse, New York, adding locations in Syracuse, Rochester and Glen Burnie, Maryland.
Dutch cup and takeaway packaging producers CUPSZ and De Jong Ecocups merged under the CUPSZ brand with investment from Detmold Ventures, an affiliate of the Detmold Group.
UltraTech Cement, through its subsidiary UltraTech Cement Middle East Investments Ltd, made a partial conditional cash offer to acquire a 31.6% stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC. The offer period runs from May 28 to June 24, 2024.