Japanese plastic recycling company Jeplan Inc. plans to merge with SPAC AP Acquisition Corp to list on the NYSE, valuing Jeplan at around $300 million and the merged entity at $429 million.
Japan's UBE Corp announced it will acquire the Urethane Systems business of Germany's LANXESS for about 460 million euros, expected to complete in the first half of 2025.
A2A signed an agreement with Enel's e-distribuzione to acquire 90% of a newly incorporated company holding electricity distribution assets in the provinces of Milan and Brescia, covering about 800,000 PODs.
Swedish heat pump company Qvantum has acquired Electrolux Group's manufacturing facility in Nyíregyháza, Hungary, to convert it from refrigerator production to high-end electric heat pumps.
Jemison Metals has announced a definitive agreement to buy Advanced Metal Components Inc. The transaction is scheduled to be completed on or before March 29, 2024. Terms were not disclosed.
SIS GmbH and ENDEGS GmbH have merged under the umbrella of ETS Group GmbH, creating a European market and technology leader in environmental technology for reducing emissions of volatile hydrocarbons.
Wienerberger has completed the acquisition of Creaton GmbH, a manufacturer of clay building materials. The deal, initiated in December 2022, integrates eight German production sites and retains the Creaton brand.
Alsaker Stål AS has acquired all shares of Størksen Rustfri Industri AS, making it a subsidiary. The acquisition strengthens Alsaker Stål's position in stainless steel and diversifies its service portfolio.
UK packaging company Mondi reached an agreement in principle on a potential all-share offer for rival DS Smith valued at £5.14 billion, with Mondi shareholders owning 54% of the combined group.
AERO Vodochody AEROSPACE a.s. acquired 100% of Technometra Český Brod a.s., a supplier of components for the L-39NG aircraft and other aerospace products. The acquisition was completed on 7 March 2024.
Lantmännen's acquisition of 100% of HKScan Sweden AB was approved by the EU Commission and is expected to be completed in March 2024. The agreement was signed on December 29, 2023.
Yingling Aviation acquired Mid-Continent Aviation Services (MCAS), a full-service MRO at Wichita's Dwight D. Eisenhower National Airport, gaining an 80,000+ sq ft facility and skilled technicians. Financial terms were not disclosed.
Interstate AC Service, backed by Point 41 Capital Partners, partnered with Anchor Heating & Air Co., a Douglasville, GA-based HVAC services provider with about 65 employees. The transaction marks Interstate's entry into the Atlanta market.
PLC sold its 51% stake in Schmack Biogas S.r.l. to Hitachi Zosen Inova AG for approximately EUR 10.6 million, including earn-out components. The deal allows PLC to exit the biogas market and refocus on its core electrical infrastructure business.
Carrier Global Corp. completed its acquisition of Viessmann Climate Solutions from the Viessmann Group, closing on January 2, 2024, after announcing the intent in April 2023.
ZETA Group, a global EPCM contractor for pharmaceutical and biotech industries, fully acquired SIGMA Process & Automation GmbH to enhance process automation capabilities.
Francks Kylindustri, a Nordic industrial and commercial cooling specialist, acquired NH3 Kølegruppen, a Danish company specializing in installation and service of cooling systems and heat pumps, headquartered in Hanstholm.
Taiwan Cement completed the acquisition of additional 20% stake in its Turkish joint venture and 60% stake in Portugal's Cimpor, investing EUR 621 million, making it a major European low-carbon cement supplier.
Pacific Avenue Capital Partners signed a put option agreement to acquire Sogefi Filtration S.A. and Sogefi USA Inc. (Purflux) from Sogefi S.p.A. The filtration business generated over $600 million revenue in 2023.
Duni Group increased its ownership of Munich-based reuse company Relevo from 24.51% to 50.02%, consolidating it into its food packaging business area.
Twin Disc, Inc. entered a definitive agreement to acquire Katsa Oy, a Finnish manufacturer of power transmission components and gearboxes, pending approval from the Finnish Ministry of Economic Affairs.
Card-Monroe Corp., a tufting machine manufacturer, acquired Everworks Automation, a South Carolina-based industrial automation systems company, to expand its automation capabilities.
MPE Partners acquired Webster Industries, a manufacturer of engineered class chain, sprockets, and vibratory equipment for material handling and power transmission, from its employee-owned stock ownership plan. Terms were not disclosed.
A.O. Smith acquired Impact Water Products, a California-based manufacturer and dealer of water treatment equipment for residential and commercial use. Terms were not disclosed.
Breedon Group plc acquired BMC Enterprises Inc, a US ready-mixed concrete, aggregates and building products business, for an enterprise value of US$300 million. The acquisition establishes Breedon's entry into the US market.
Ahlsell Norge AS agreed to buy all shares in Industrivarer AS, a supplier of tools, machinery, supplies and PPE to industrial customers in Midt-Norge, with 20 employees and 2023 revenue of NOK 126 million. The acquisition is subject to approval from the competition authority.
Visteon and Shinry Technology Companies Ltd. announced the creation of a Michigan-based joint venture, Visteon-Shinry Power Electronics (VSPE), to advance power electronics technology for the automotive industry.
INDEVA acquired majority stakes in Ergomatic India and SysDesign, strengthening its position in robotic automation and material handling. The SysDesign acquisition closed on 2024-03-01.
Paula Blankenship acquired Kelley Technical Coatings, the manufacturer of Blankenship's leading paint product. The acquisition was announced on March 5, 2024.
Saint-Gobain acquired a majority of shares in Imptek-Chova del Ecuador, a waterproofing leader, gaining a plant in Quito and starting industrial operations in Ecuador.
The eXponential Technology Group (XTG) announced the strategic integration of Braemac and Symmetry Electronics, combining their operations under the Symmetry Electronics brand in the Americas to accelerate growth.
Shelton Machinery acquired Municipal Tool & Machinery, now Municipal Machinery, and launched TSM Group as a new parent company. The acquisition expands service territory by 55,000 square miles in Missouri and Kansas.
Scaglia INDEVA S.p.A. acquired a majority stake in SysDesign S.r.l. by contributing the assets of its INDEVA Cobotics division. The transaction closed on March 1, 2024, with Scaglia INDEVA acquiring 28% of SysDesign's capital and participating in a capital increase.
Leigh Fibers' owners purchased the operating assets of Martex Fiber and rebranded the business as Revive Fiber. The companies will operate as separate sister companies under joint management.
Antonio Favrin and his family won control of Trenora, the holding company that controls the Marzotto group, acquiring 80% of shares for €32.01 million. Vittorio Marzotto retains 20%.
Haemonetics has agreed to acquire Attune Medical, manufacturer of the ensoETM esophageal cooling device, for $160M upfront plus contingent consideration, expected to close in Q1 of fiscal year 2025.
Foodmate, a portfolio company of Carlyle and Warburg Pincus, has acquired Barth Industrial Automation, a supplier of weighing, sorting, cutting and deboning technologies for poultry, to expand its technology offering.
camLine, part of Elisa Industriq, has acquired Romaric, a Utah-based factory automation and throughput optimization software provider, to extend its offering with material control system solutions.
Toyota Motor reached an agreement with Panasonic Holdings to make Primearth EV Energy Co, their joint venture, a wholly owned subsidiary of Toyota. The acquisition is expected in late March 2024.
Itelyum acquired a significant stake in Plasta Rei to become a major producer of chemically recycled PET. They are building a plant in Cisterna di Latina to recycle post-consumer food packaging PET into 100% recycled PET granules.
Perstorp has closed a deal to buy out its minority partner in the joint venture Shandong Perstorp Chemical Co., Ltd. (formerly Shandong Fufeng Perstorp Chemical Co., Ltd.), becoming the sole owner of the polyol manufacturing site in Zibo, Shandong province, China.
KAMIC Group has acquired all shares in Gersprenztal Transformatoren GmbH, a German manufacturer of customised transformers based in Brensbach, Hessen.
Fortifi Food Processing Solutions announced the closing of its acquisition of MHM Automation, a New Zealand-based provider of post-harvest processing, protein processing, and packaging solutions.
Novacap has acquired Alliance Labeling Inc., an Oakville, Ontario provider of ancillary packaging and warehousing solutions with engineering capabilities. The deal aims to expand Alliance's presence in Ontario, Quebec, Canada and the US.
Crane Engineering, a portfolio company of AEA Investors, has acquired Geiger Pump and Equipment, a Mid-Atlantic distributor of industrial and municipal pump and process equipment. Crane is headquartered in Kimberly, Wisconsin.
Havis, a provider of rugged environment solutions, has acquired Vanner, a power management solutions company based in Warminster, Pennsylvania. The deal aims to expand Vanner's sales reach and accelerate vehicle electrification products.
The Miller Group acquired three ready-mix concrete companies: Muskoka Ready Mix, Parry Sound Ready Mix, and Champlain Ready Mix. The deal expands Miller's reach in Ontario, Canada.
Trulite Glass & Aluminum Solutions LLC finalized the acquisition and merger of American Insulated Glass, expanding its footprint in the Midwest and East Coast markets. Financial terms were not disclosed.
Nissha Medical Technologies (NMT) has closed its acquisition of Isometric Micro Molding, combining NMT's endoscopic device expertise with Isometric's micro-molding capabilities.
FLSmidth has acquired 100% of the shares in Canadian mill engineering, supply and services provider Farnell-Thompson Applied Technologies Inc. The acquisition is effective immediately and will be integrated into FLSmidth's core Mining business. Terms were not disclosed.