Saint-Gobain has agreed to acquire CSR, a leading Australian manufacturer of building products for residential and non-residential construction, for approximately US$2.93 billion (€2.7 billion). CSR has 30 manufacturing plants and 2,500 employees.
J.A. Becker & Söhne GmbH & Co. KG (JAB) has been acquired by US-based Autoquip Corporation, a division of Miner Enterprises Inc. Autoquip is a leader in custom material handling equipment, and the acquisition is part of JAB's commitment to expand its solutions globally.
Saint-Gobain has entered into a definitive agreement to acquire The Bailey Group Companies, a Canadian manufacturer of metal building solutions for light construction, for C$880 million (approximately €600 million) in cash. Bailey has 12 manufacturing plants across Canada and around 700 employees.
Aurora Material Solutions, a manufacturer of polymer compounds, has acquired EnCom Polymers, a U.S. manufacturer of customized specialty engineered thermoplastics. The acquisition expands Aurora's product offering and strengthens its Engineered Thermoplastics business segment.
Bostik acquired ARC Building Products, a specialist in tile adhesives and building chemicals, to strengthen its position in the Irish construction adhesives market. Bostik will also invest in the Arklow site to increase local production.
SCF Partners has acquired the Pipeline and Industrial Materials business from Entegris Inc., which includes Flowchem, Val-Tex, and Sealweld. These businesses supply drag reducing agents, valve maintenance products, and services for midstream infrastructure.
Astec Industries acquired MINDS Automation Group Inc. in March 2022 to enhance its digital solutions for asphalt road building, aggregate processing, and concrete production. The acquisition supports the formation of the Astec Digital division.
OpenGate Capital has entered exclusive discussions to sell SMAC, a French waterproofing and building envelope systems supplier, to Compagnie Financière Jousset and the SMAC management team. The transaction is expected to close before the end of Q2 2024.
RWE has sold its Ferrybridge Engineering Workshop in the UK to TGM Industrial Group. The site, a 15,000 m² workshop with large-scale repair capabilities for power generation equipment, will continue serving the UK power industry. 22 employees will transfer to TGM.
JCET's subsidiary JCET Management plans to acquire 80% of Sandisk Semiconductor (Shanghai) from Sandisk China for about $624 million. The deal will create a joint venture with Western Digital, strengthening their partnership in advanced flash memory packaging and testing.
Cicor Group has signed an agreement to acquire TT Electronics IoT Solutions Ltd from TT Electronics PLC for GBP 20.8 million. The acquisition includes three production sites in the UK and China, employing over 500 people.
Deleum Berhad signed a heads of agreement to acquire a 70% stake in OSA Industries Indonesia, a West Java valve repair and supply company, for US$7 million, valuing the target at US$10 million. Due diligence and definitive agreements are still pending.
AVS-Yhtiöt Oy and its owners sold AVS-Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves and compressors, to Beijer Oy, a subsidiary of Beijer Alma AB. The deal was advised by Avance Attorneys and reported on March 4, 2024.
Oatey's affiliate has acquired Aktibolaget Durgo, a Stockholm-based manufacturer of air admittance and pressure regulating valves, to expand in European and Asian plumbing markets. The announcement was made on March 4, 2024.
Zuiko has entered into an agreement to acquire Delta S.r.l., an Italian manufacturer of sanitary products machinery.
Meralco Power Gen (MGen) and Aboitiz Power Corporation will acquire a 67% stake in SMC Global Power Holdings Corp.'s $3.3 billion integrated LNG project, including the existing 1,278 MW Ilijan gas plant, a 1,320 MW expansion, and an LNG import terminal, with MGen holding 60% of the acquired stake and Aboitiz Power 40%.
Danfoss finalized its acquisition of BOCK GmbH, a global leader in compressors, to expand its presence in Africa and strengthen its energy-efficient solutions portfolio. The deal was announced in 2023 and completed by March 2024.
Hauhinco Holding GmbH, parent company of HBT GmbH, acquired Australian mining supplier Pempek Systems Pty Ltd, effective March 1, 2024.
Sandvik completed the acquisition of Cimquest, a Mastercam Reseller in New Jersey, which will be part of Mastercam.
Hauhinco Holding GmbH, parent company of HBT GmbH, acquired 100% of Breuer Motoren GmbH & Co KG, a Bochum-based supplier of drive and motor solutions for mining and industry, with retroactive economic effect from January 1, 2024.
Nors Group acquired 100 percent of the stock of Great West Equipment, a Volvo CE dealer covering British Columbia and Yukon, making it a wholly owned subsidiary. The transaction closed on March 1, 2024.
Jebsen & Jessen Group has signed a strategic partnership to acquire a majority stake in Safetech, an Australian dock products and lifting solutions company. The deal is expected to be completed on 28 March 2024.
Sanyo Kogyo Co., Ltd. acquired Takahashi Kogyo, a forklift manufacturing contractor based in Hirakata, Osaka, through a share transfer, making it a wholly owned subsidiary.
AHB Tooling and Machinery, LLC acquired Central UP Industrial Supply, Inc as of March 1, 2024. All employees of Central UP will become employees of AHB and remain at the same facility.
Boeing confirmed it is in preliminary discussions to acquire Spirit AeroSystems, the supplier it spun off in 2005. The talks also include Spirit discussing the sale of its Belfast plant to Airbus.
Luceco acquired D-Line, a UK-based cable management solutions provider, in March 2024 for a valuation between $10.88 million and $15.68 million.
AAR CORP. completed its acquisition of Triumph Group's Product Support business for $725 million in cash. The deal was announced on December 21, 2023, and closed on March 1, 2024.
Kafrit has acquired Badger Color Concentrates, a Wisconsin-based company. No financial details were disclosed.
Safran Nacelles completed the acquisition of 3D Metal Forming (3DMF), a Netherlands-based company specialized in high energy hydro forming of metal parts for aerospace. 3DMF becomes a wholly-owned subsidiary of Safran Nacelles.
Niterra Co., Ltd. announced that its subsidiary NTK Technologies, Inc. will be merged into Niterra North America, Inc., effective April 1, 2024. The merger aims to improve brand value and streamline operations.
AFRY has agreed to acquire Carelin Oy, a Finnish provider of project management, energy, and asset care services in the renewable energy market. The acquisition will enable AFRY to offer full lifecycle services from project development to operations and maintenance in wind, solar, and energy storage.
Sunstar Giken has agreed to acquire Toyo Polymer, a major urethane adhesive manufacturer for building interiors, and will integrate it into the Sunstar Group effective April 1, 2024. The acquisition will make Sunstar Giken a top-tier manufacturer in the adhesives and sealants industry.
Turbo Systems Engineering Limited acquired Apple Food Systems, a Hull-based manufacturer of bespoke processing equipment for food and pharmaceutical industries. The acquisition strengthens Turbo's position as a one-stop shop for bespoke processing equipment.
H2O Innovation Inc. acquired Itasca Systems Inc. for $24 million. Itasca Systems provides specialized water systems engineering and technical services for membrane filtration and other treatment technologies.
PROBAT AG has acquired Royal Duyvis Wiener B.V., a leading manufacturer of cocoa and chocolate processing equipment. The acquisition allows PROBAT to obtain a leading position in the cocoa processing equipment market. Transaction terms were not disclosed.
The Gund Company acquired a minority ownership stake in Powercam Electricals Pvt Ltd, an Indian manufacturer of electrical components under the Powermat brand. The investment secures their partnership and opens growth opportunities in North America and India.
Etex, a Belgium-based building materials manufacturer, has closed the acquisition of BGC's plasterboard and fibre cement businesses in Australia and New Zealand. The deal includes a plasterboard plant in Perth, Western Australia, and nine warehouses across Australia and New Zealand.
Yankuang Energy (600188.SH) announced a cash acquisition of 52.66% of SMT Scharf AG, a German manufacturer of underground monorail auxiliary transport equipment, for approximately €32.17 million.
HAIMER Group acquired a 25% stake in WinTool AG and entered a strategic partnership with TCM Group, gaining global distribution rights for WinTool and Toolbase software and hardware for tool management.
American Event Services closed its acquisition of Riverview, Florida-based Canariis Corporation, a maker of packaged HVAC, plumbing and fire-protection systems. Canariis becomes a wholly owned subsidiary of AES.
Atlas Copco Group acquired Zahroof Valves Inc., a Houston-based designer and assembler of reciprocating compression valve technology with 44 employees and about 130 MSEK revenue in 2023. The purchase price was not disclosed.
Oaktree Capital Management funds agreed to acquire LPW Group Holdings, a designer and manufacturer of valves, actuators, fittings and flanges for chemical and energy markets. Terms were not disclosed.
TRS Services, a provider of MRO services for industrial gas turbine engine parts, was acquired by Battle Investment Group. The transaction closed on February 29, 2024; terms were not disclosed.
Abu Dhabi National Oil Company (ADNOC) completed the acquisition of a 24.9% stake in OMV from Mubadala Investment Company on February 29, 2024, strengthening its chemicals portfolio.
One Equity Partners (via OEP Hitch B.V.) and EMC S.r.l. propose to acquire joint control of CBM S.p.A., an Italian manufacturer of tractor attachment systems. OEP will hold 49% and EMC 51% of CBM's shares.
Fortune Brands Innovations, Inc. acquired SpringWell Water Filtration Systems, a residential water filtration and softening company, for approximately $105 million on a cash-free, debt-free basis.
Alif Industries, a composite textile manufacturer, announced board approval to initiate discussions to acquire Royal Denim, a denim fabric exporter in Cumilla EPZ, and Diamond Dredging. The deal is not yet finalized.
P.F.M. S.p.A., a producer of food packaging machinery and robotic systems, announced the acquisition of a 60% stake in Brevetti Gasparin, a specialist in cutting and packaging systems for the bakery industry. The deal aims to strengthen PFM's presence in the bakery sector.
Wienerberger AG acquired Summitville Tiles Inc, an Ohio-based brick manufacturer specializing in brick slips for prefabricated façade systems.
Garware Fulflex India Private Limited acquired Avcor Healthcare Products Inc, a manufacturer of compression dressings and bandages, integrating it into its global portfolio.