Runjing Chemical announced the full acquisition of Sumitomo Chemical Electronic Materials (Hefei) Co., Ltd. and Sumitomo Chemical Electronic Materials (Chongqing) Co., Ltd. from Sumitomo Chemical. The two subsidiaries produce etchants, developers, and peelers for flat panel displays.
McEwen Mining has agreed to acquire all outstanding shares of Timberline Resources not already owned by McEwen via a merger, valuing the transaction at approximately US$19.4 million. Timberline shareholders will receive 0.01 of a McEwen share per Timberline share.
Fineline Global Group, through its subsidiary Fine Line Gesellschaft für Leiterplattentechnik mbH, acquired 100% of IBR Leiterplatten GmbH & Co. KG, a German PCB company. IBR will continue to operate independently within the Fineline network.
Palex Medical announced a put option agreement to acquire Duomed, a Belgian MedTech distributor. The combined group would create a pan-European platform for medical technology equipment and solutions across Northern, Western, and Southern Europe.
FCDE, supported by Kartesia with unitranche financing, acquired Kermel Group from Qualium Investissement. Kermel, based in Colmar, France, produces high-performance technical textile fibre for fire-resistant protective garments.
Ambuja Cements, part of the Adani Group, has acquired My Home Group's 1.5 MTPA cement grinding unit in Tuticorin, Tamil Nadu, for ₹413.75 crore. The acquisition enhances Ambuja's coastal footprint in southern markets.
Rengo integrated the packaging solution businesses of SunTox and Mitsui Chemicals Tohcello into a merged company and acquired a 51.0% stake, making it a subsidiary renamed RM Tochello. The company makes polyolefin films and foam-molded sheets.
Wilo UK acquired Arfon Rewinds Limited, trading as Arfon Engineering Services, to extend its pump installation, repair and maintenance capability in water management. The deal is listed in World Pumps' Q1 2024 M&A review.
ITT completed its acquisition of Svanehoj Group A/S, a Danish supplier of customized critical liquid and cryogenic pumps for the marine sector. The deal is listed in World Pumps' Q1 2024 M&A review.
DXP Enterprises acquired Hennesy Mechanical Sales, a distributor of industrial pumps serving municipal water and wastewater markets in Arizona, New Mexico and West Texas. The deal is listed in World Pumps' Q1 2024 M&A review.
International Paper and DS Smith agreed the terms of a recommended all-share combination creating a global sustainable packaging leader. The transaction value is about $9.9 billion and the deal is expected to close by Q4 2024.
Rapid Pump, a portfolio company of Hidden Harbor Capital Partners, acquired AC Furia Electric Motor, a White Plains, New York repair and distribution business for motors and pumps. The deal expands Rapid Pump's footprint in the northeast.
Vela, parent of Datamine, acquired Latin America-based Samtech, a provider of fleet management and telematics solutions for mining. Datamine will distribute Samtech's products globally.
Solero Technologies, backed by Atar Capital, signed an agreement to acquire Kendrion's automotive business in Europe and the United States for an enterprise value of roughly $70 million. The transaction is expected to close in Q3 2024.
Groupe Gazechim Composites acquired a majority stake in Lavesan, an Italian producer of resins, gelcoats, bonding pastes and glass fibre reinforcements based in Brentonico, Trento. The Benedetti and Corazzin families retain a minority stake.
ASX-listed industrial parts manufacturer Coventry Group has acquired Auckland-based Steelmasters Group for A$42 million, creating a Trans-Tasman business with forecast 2024 sales of A$400 million.
Vela Software Group has acquired Samtech, a South American provider of fleet management and telematics solutions for mining, construction, and cement industries, based in Santiago, Chile.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for $300 million, with an additional earn-out of up to $55 million. The deal is expected to close in the first half of 2024.
A strong majority of U.S. Steel Corp. shareholders voted to approve the proposed $14.9 billion acquisition of the manufacturer by Nippon Steel.
MODIG, headquartered in Kalmar, Sweden, announced the strategic acquisition of LiCON, a German machine tool manufacturer. LiCON joins the group alongside Modig Machine Tool and IBARMIA, in which MODIG holds a significant minority stake.
BioPak, an Australian packaging company, announced its acquisition of Australian reusable cup company Huskee to strengthen its circular and reusable product offering.
J-POWER (Electric Power Development Co.) announced on April 12, 2024, the acquisition of all shares of Australian renewable energy company Genex Power Limited for approximately AUD 351 million, making it a wholly owned subsidiary. The transaction is expected to complete in July 2024.
H&H Construction, based in Petawawa, Ontario, has acquired the operations of Bonnechere Excavating Inc., including its pits, quarries, asphalt plant, and landscape depot. The acquisition was announced on April 12, 2024.
Unicon has agreed to buy NB Beton's factory in Skovby, Denmark, and a 49% stake in NB Beton's factory in Ejby, expanding its ready-mix concrete network and pump business.
Prysmian S.p.A. has entered into a definitive merger agreement to acquire Encore Wire Corporation for $290.00 per share in cash, implying an enterprise value of approximately €3.9 billion. The transaction is expected to close within four years and will enhance Prysmian's North American presence.
Climate Care Solutions (CCS) acquired Sapphire Cooling Services Ltd, an Ipswich-based provider of air conditioning and refrigeration solutions, marking CCS's first acquisition to build an HVAC group.
Zeus Packaging Group has acquired The Weedon Group, a UK corrugated packaging manufacturer, lifting Zeus's annualised revenues to an expected EUR 560 million.
Taurus Group, through its subsidiary TAG Automotive, acquired the production unit of Syncotech Innovative Solutions in Santa Perpetua de Mogoda, Barcelona, Spain. The deal adds 25 workers and strengthens the group's automotive plastic components manufacturing capacity.
FORVIA and CHERY signed a joint venture agreement to establish a 'Cockpit of the Future' company in Wuhu, China, to design, develop, manufacture and supply full cabin systems including seats, interiors and cockpit electronics, with a sales ambition of €1 billion by 2029.
Microchip Technology completed the acquisition of VSI Co. Ltd., a South Korean developer of high-speed connectivity technologies for automotive ADAS and displays based on the ASA open standard. Terms were not disclosed.
4CAD Group has acquired Astrée Software, a French MES software company. Astrée Software will remain a legal entity chaired by Stephane Letheule alongside the founders.
Imperial Dade, a distributor of foodservice packaging and janitorial supplies, has acquired Harbour Food Service Equipment, a Boston-area equipment and supply dealer. Financial terms were not disclosed.
Mentha has acquired a majority stake in SPC Group, a Belgian specialist in protective coatings for the metal industry, to accelerate international growth starting with the Netherlands.
Japanese heat pump manufacturer Daikin has acquired BKF Klima, its distributor in Denmark since 1985, from Beijer REF. The acquisition strengthens Daikin's position in the Danish market.
Afrimat announced that the Competition Tribunal has granted approval for its acquisition of Lafarge South Africa from Holcim. The deal includes a purchase consideration of US$6 million and repayment of ZAR 900 million (US$48 million) in loans, covering cement plants in Lichtenburg and Randfontein.
Sdiptech AB has acquired all shares in WaterTech of Sweden AB, a producer of specialized chemicals for optimizing industrial water systems. WaterTech will work closely with Sdiptech's business unit Kemi-tech in Denmark.
CRH Americas Materials, the North American division of CRH, announced the pending acquisition of BoDean Company Inc., a Santa Rosa sand and gravel operation, along with partner company Northgate Ready Mix.
An affiliate of private equity firm Peak Rock Capital has signed a definitive agreement to acquire HuFriedyGroup, the dental segment of STERIS plc, for an undisclosed amount. HuFriedyGroup manufactures dental instruments and infection prevention products.
One Equity Partners announced completion of its sale of Walki Group Oy to Oji Holdings Corporation. Walki is a packaging manufacturer.
Manjushree Technopack has signed definitive agreements to acquire the plastics packaging business of Oricon Enterprises (Oriental Containers), a maker of plastic caps, closures and preforms. The deal is valued at INR 520 crore and adds plants in Goa and Odisha, subject to customary conditions.
Constantia Flexibles plans an all-cash public tender offer to acquire 57% of the shares of Swiss packaging producer Aluflexpack, at an estimated CHF 15.00 to CHF 18.75 per share. Completion is expected in the final quarter of 2024, pending regulatory approvals.
Viessmann Climate Solutions, part of Carrier Global, acquired Waldhauser GmbH & Co. Wärmetechnik KG and Waldhauser GmbH to strengthen its service network in the greater Munich area. The specialists will be qualified for Viessmann products and support its specialist partners.
Decisive Dividend Corporation acquired Techbelt Limited, a UK manufacturer of PTFE conveyor belts and tapes, for $6.3 million. The acquisition is expected to be immediately accretive.
Warburg Pincus acquired a stake in Appasamy Associates, a leading Indian manufacturer of ophthalmic equipment and intraocular lenses. The deal is the largest investment in the healthcare sector by Warburg Pincus in India.
The Wallfashion House entered into an agreement to acquire a controlling stake in Tapetenfabrik Gebr. Rasch, the second largest wallpaper and textile manufacturer in Germany. The Rasch family will retain a significant stake, and Rasch will continue to be managed independently.
Leigh Fibres purchased the operating assets of Martex Fibre and rebranded the business as Revive Fibre. The two companies will operate as sister companies under joint management, expanding capacity across facilities in South Carolina and Texas.
CW Industrial Partners acquired Mantaline Corporation, an Ohio-based extruder of plastic and rubber products for automotive, heavy truck, construction and other applications.
Dinglong Co., Ltd. announced plans to acquire a 19% stake in Hubei Dinghui Microelectronics Co., Ltd. for 475 million yuan.
Mitsubishi Electric Corporation will transfer its Nagoya transformer business to Hitachi in stages beginning October 2024, with completion scheduled for April 1, 2026.
JBT Corporation and Marel hf. have executed a definitive transaction agreement for JBT's voluntary takeover offer for all Marel shares. The offer is expected to launch in May 2024 and close by the end of 2024, subject to regulatory and shareholder approvals.