Evropeyskaya Elektrotekhnika will become part of the OMZ Perspektivnye Tekhnologii Group, retaining its public status. The deal is part of OMZ Group's transformation to focus on industrial engineering and Russian technologies.
Lifco has signed an agreement to acquire a majority of the shares in Italian niche manufacturer of electric drive systems for industrial applications, CFR S.r.l., based in Modena, Italy. CFR reported net sales of approximately EUR 38.5 million in 2023 and has 100 employees.
Genesis Private Equity Fund IV (GPEF IV), from the private equity group Genesis Capital, acquired a majority stake in GAF, a Czech manufacturer of specialized metal products. The founder Luděk Fofoňka retains a significant stake.
Samvardhana Motherson Automotive Systems Group B.V. completed the acquisition of an 81% stake in Yachiyo 4W (Y4W) Business from Yachiyo Industry Co., Ltd. on March 26, 2024.
Vessco Water, based in Minneapolis, acquired G.A. Fleet Associates, a New York distributor of pump and process treatment equipment for municipal water and HVAC equipment for commercial markets, based in Rye Brook, New York.
Aluko announced on March 25 that it has acquired a 100% stake in Alumaterials Inc. to benefit from the AMPC under the U.S. Inflation Reduction Act.
BASF will acquire Solvay's global non-European polyamide 6.6 business, including eight production sites and a 50% share in Butachimie's ADN production, for €1.3 billion. The deal, first announced in September 2017, is expected to close by end of 2019.
Solvay is selling its polyamide 6.6 business in Europe to Domo Chemicals for approximately €300 million, as part of a remedy package to allow Solvay's global nylon business sale to BASF. The transaction includes engineering plastics and polymer operations in France and Poland.
Sumitomo Chemical, through its UK subsidiary Sumika Polymer Compounds Europe, has acquired Turkish plastics firm Emas Plastik to expand its polypropylene compound production and sales operations, particularly for the European automobile industry. The deal value was not disclosed.
Aster Chemicals and Energy, through its affiliate Chandra Asri, has reached a sales and purchase agreement to acquire Chevron Phillips Singapore Chemicals (CPSC), which owns a 400,000 t/yr HDPE plant on Singapore's Jurong Island. The sum is undisclosed.
Portuguese pine chemical derivatives producer United Resins has acquired 50% of the share capital of Brazil's Florpinus Industria Quimica. The deal adds 35,000 t/yr pine oleoresin, 30,000 t/yr gum rosin processing, and 18,000 t/yr gum rosin derivatives capacity.
Aircraft engine parts manufacturer Pursuit Aerospace has acquired aluminum and magnesium castings producer Aeromet International from investment firm Privet Capital. The deal expands Pursuit's product offerings to include light alloy components and adds three manufacturing sites in the UK.
LyondellBasell is buying a 50% stake in three Sasol plants in Lake Charles, Louisiana, including a 1.5mn t/yr ethane cracker, an LLDPE plant and an LDPE plant, for $2bn, forming a 50:50 joint venture. Lyondell will take operational and marketing control.
Matalco purchased Kentucky-based competitor Ohio Valley Aluminum (OVACO) for an undisclosed sum. The deal closed and will increase Matalco's output to 1.5 billion lbs/yr including capacity from a planned plant in Franklin, Kentucky.
Curious Partners has been selected as the preferred bidder to acquire a 100% stake in Woojin Electric, a power equipment company, from Woojin Holdings for approximately 262 billion won. The deal is expected to close by the end of May 2024.
Premier Tech's Water and Environment business group acquired Aquatreat, a Spanish wastewater treatment company based in Ripollet, to broaden its commercial offer and strengthen its footprint in Northern Spain.
Iecho Science and Technology, through its subsidiary Iecho Asia, plans to acquire Aristo Cutting Solutions from Bochmann Holding for EUR 3.7 million. Aristo, based in Hamburg, Germany, is a leading maker of large-format flatbed cutters.
MODIG, based in Kalmar, Sweden, has announced the strategic acquisition of LiCON, a German manufacturer of high-performance machining solutions. LiCON will join the group alongside Modig Machine Tool and IBARMIA.
Superior Essex has agreed to acquire the minority interest held by Furukawa Electric in the Essex Furukawa Magnet Wire joint venture, making Superior Essex the sole owner. The transaction is expected to close at the end of April 2024.
Daxor Corporation has entered into a definitive agreement to acquire the Volumex, Megatope and Glofil product lines from Iso-Tex Diagnostics, Inc. The transaction value will be paid in monthly installments over two years.
Greif, Inc. completed its acquisition of Ipackchem Group SAS, a maker of plastic jerrycans and small containers, from SK Capital Partners and other shareholders for approximately $540 million in cash. The deal was announced October 31, 2023.
Cavagna Group of Italy and Kohda Valve of Japan formed a joint venture focused on flow control products for specialty and high purity gases. The products will be marketed as Cavagna Kohda, with further details yet to be released.
Ingersoll Rand agreed to acquire ILC Dover from New Mountain Capital for an upfront cash price of about $2.325 billion plus an earnout. ILC makes single-use solutions and components for biopharma and medical devices.
MUM Industries has acquired EMF Company, a manufacturer of custom electrical enclosures and fabricated metal products. EMF will join the MUM Industries umbrella of brands alongside Integra Enclosures and Strongbox.
Amber Enterprises has signed an agreement to acquire a 50% stake in Resojet Pvt Ltd, forming a joint venture with LCGC Resolute Appliances to manufacture washing machines and components.
ChampionX Corporation plans to acquire RMSpumptools Limited from James Fisher and Sons for approximately $110 million, enhancing its artificial lift portfolio.
German vacuum pump maker Busch Vacuum Solutions has closed its acquisition of Pfeiffer Vacuum, adding high and ultra-high vacuum pumps and leak detection services. The deal was reported on March 22, 2024, and the exact closing date and value were not given.
Diemould Service Company (Canada) Limited (DMS) acquired Border Steel Limited, a Windsor-based steel flame cutting and Blanchard grinding company. The deal closed on March 21, 2024, and both companies will operate separately.
McFarlane Aviation has acquired PMA Products, a company that produces FAA-PMA approved parts for general aviation aircraft.
Samvardhana Motherson's subsidiary MSSL Mideast (FZE) will acquire 100% of Yachiyo India Manufacturing Private Limited. The closing is expected within March 2024.
Sukano, a manufacturer of additive and color masterbatches, acquired a majority stake in KAYS Kft., a compounder specialized in engineering plastics. The companies will continue operations independently.
Naxnova, a design and technology enterprise, acquired a 74% stake in Quad Industries Belgium, a printed electronics manufacturer, for Rs 90 crore (€10 million). The deal includes plans to acquire the remaining stake over coming quarters.
Emirates Global Aluminium (EGA) has signed a binding agreement to acquire 100% of Leichtmetall Aluminium Giesserei Hannover GmbH, a German specialty foundry producing high-strength recycled aluminium billets. The transaction is expected to close in the first half of 2024.
Siemens AG has signed an agreement to acquire the industrial drive technology (IDT) business of ebm-papst, which employs around 650 people and includes intelligent mechatronic systems and motion control systems. The acquisition will complement Siemens' Xcelerator portfolio.
ProAmpac, a US flexible packaging company, announced the acquisition of UP Paper, a North American recycled kraft paper producer based in Manistique, Michigan. Financial terms were not disclosed.
Himadri Speciality Chemical Ltd acquired a 40% stake in Invati Creations, a lithium-ion electrode materials firm, for Rs 45.16 crore, as part of plans to build India's first commercial LFP cathode active material plant in Odisha with an estimated investment of Rs 1,125 crore.
American Air Filter Co Inc (AAF International), a subsidiary of Daikin Industries, has acquired Northeast Air Solutions Inc, a provider of clean air solutions in New England since 1946.
Ahlsell has received regulatory approval to acquire Bacher Work Wear, a Danish workwear supplier with revenue of DKK 178 million. The acquisition supports Ahlsell's strategy to become a one-stop shop in the Nordic and Baltic regions.
Cornerstone Building Brands, a manufacturer of exterior building products, is acquiring Harvey Building Products, a manufacturer of windows and doors. The deal was announced on March 20, 2024.
Cullinan Holdings, Inc. has acquired majority control and interest in House of Design Robotics, a provider of automated and robotic solutions for offsite construction. The deal aims to advance automation in the sector and address the affordable housing crisis.
The Commercial Court of Lille-Métropole has validated Europlasma's offer to acquire MG-Valdunes, the last French manufacturer of railway wheels and axles. The plan includes preserving nearly 60% of jobs and a turnaround plan of over €35 million over three years.
Johnson Matthey has signed a definitive agreement to sell 100% of its Medical Device Components business to Montagu Private Equity for $700 million. The business produces components for medical device manufacturers and operates sites in the USA, Mexico, and Australia.
Frost Engineering and Alaska Roteq officially merged with PumpTech under the Impel family of companies, as announced on March 20, 2024. Frost makes engineered valves and measurement devices, and Alaska Roteq provides precision machining, fabrication and equipment supply.
Mondi completed its acquisition of the Hinton Pulp mill in Hinton, Alberta, which was announced in February 2024. The company celebrated the completion with local officials and employees on March 20, 2024.
Spain's Hinojosa Packaging Group has acquired Italian family-owned paper and corrugated packaging company MS Packaging, adding two plants in Salerno and Arzano. MS Packaging had 2023 turnover of EUR 60 million and about 200 employees, who will retain their jobs.
MSSL Mideast, a wholly-owned subsidiary of Samvardhana Motherson International Limited, will acquire 100% of Yachiyo India Manufacturing Private Limited, an Indian subsidiary of Yachiyo Industry Co. The deal is expected to close by March 2024.
Holcim acquired Cand-Landi, a construction materials company in northern Vaud, Switzerland, adding 250 employees and expanding its presence in French-speaking Switzerland to over 600 employees across about 30 sites.
Mendaera Inc., a healthcare technology company, has acquired the telepresence technology of Avail Medsystems, Inc. The acquisition will allow Mendaera to combine robotics and telepresence to improve care delivery.
Crete United announced the acquisition of ProStar Energy Solutions, integrating energy efficiency services with Crete United's HVAC, electrical, and mechanical services. The partnership aims to create a connected delivery model for the built environment.
ICAPE Group announces the acquisition of the assets of the German printed circuit distributor HLT.