Faurecia signed a memorandum of understanding to acquire the remaining 50% of its joint venture SAS from Continental for 225 million euros. The joint venture, established in 1996, specializes in assembly and logistics of complex interior modules.
German technology group Freudenberg has signed a definitive agreement to acquire 100% equity of Filc, a Slovenian manufacturer of needle-punched nonwoven fabrics and laminates. Filc has two production sites in Slovenia and nearly 360 employees.
Milliken signed an agreement to acquire Borchers Group, a specialty chemicals company, from The Jordan Company. The acquisition is expected to close in January 2020.
Norplex-Micarta signed a definitive agreement to acquire Solvay's CYPLY series of laminated sheets. The transaction is expected to close in early 2021, and the brand will be renamed NorPLY.
Zhongwang USA LLC announced an agreement to acquire Aleris for $2.33 billion, including $1.11 billion in cash equity and $1.22 billion in net debt. Aleris will retain its name and personnel.
Kobe Steel agreed to pay $315 million for a 50% stake in an aluminum smelter in Ulsan, South Korea, from Novelis. The smelter produces 300,000 tons of cold-rolled aluminum annually.
Antai Technology completed the acquisition of 100% equity of Cotesa GmbH, a German manufacturer of high-end carbon fiber composite components for aerospace and automotive, with sales revenue of about 60 million euros.
Allegheny Technologies Inc. (ATI) acquired Addaero Manufacturing, a metal additive manufacturing company serving the defense and aerospace industries, based in New Britain, Connecticut.
Baosteel Metal, a wholly-owned subsidiary of China Baowu Iron & Steel Group, plans to acquire a stake in NJYH Metal, a producer of magnesium alloys, aluminum alloys, and metal strontium, potentially gaining control of the company.
Arkema announced that its subsidiary Bostik will acquire PROCHIMIR, a high-performance thermal adhesive film company. The acquisition is expected to close in Q4 2019 and will enrich Bostik's solvent-free thermal bonding solutions.
Hitachi Automotive Systems will establish a new joint venture with Keihin Corp, Showa Corp and Nissin Kogyo Co., with Hitachi holding nearly 70% and Honda the rest. The new company is expected to become Japan's third-largest auto parts supplier with sales of ¥1.7 trillion.
Celanese and Nouryon announced they have signed an agreement for Celanese to acquire Nouryon's Elotex brand redispersible polymer powder business, including production facilities in Europe and Asia, products, and customer contracts.
Daikin Applied Europe S.p.A acquired Brooktherm Réfrigération, a UK company specializing in HVAC and refrigeration solutions and services. The acquisition strengthens Daikin's expertise in commercial and industrial cooling, including natural refrigerant innovations.
The European Commission approved Midea Group's acquisition of KUKA, a German industrial robot manufacturer. Midea ultimately held a 94.55% stake in KUKA after the acquisition.
Arkema's subsidiary Bostik, through its joint venture Bostik-Nitta, completed the acquisition of Nitta-Gelatin's industrial adhesives business in Japan. Bostik-Nitta will invest in a new adhesive factory in Japan to accelerate development in sanitary nonwovens, packaging, labeling, transportation, and electronics markets.
Teijin Group, through its subsidiary Furet Co., Ltd., plans to acquire J.H. Ziegler, a German manufacturer of non-woven seat fillers and sound insulation composites, for €125 million. The acquisition aims to expand Teijin's European market presence in automotive interior materials.
LyondellBasell completed the acquisition of Schulman, a supplier of high-performance plastic blends, composites and powders, for $2.25 billion. The combined business creates a compounding giant with $4.6 billion in revenue.
Covestro increased its stake in DIC Covestro Polymers Ltd. (DCP) from 50% to 80%, expanding its thermoplastic polyurethane business. The investment is tens of millions of euros, expected to close in Q2 2019.
Freudenberg acquired 100% of shares in Low & Bonar PLC, a global manufacturer of technical textiles, for an undisclosed amount. The acquisition was approved by shareholders in November 2019 and by the European Commission on April 17, 2020.
Ascend, a nylon 66 resin maker, announced on August 1 that it had acquired the Dutch engineering plastics compounder Britannia Techno Polymer (BTP). Financial details were not disclosed. BTP specializes in nylon 6, 66, 66/6 copolymers, ABS, PC, and PP blends.
Huntsman signed a definitive agreement to acquire the remaining 50% stake in the Sasol-Huntsman maleic anhydride joint venture from Sasol for $92.5 million. The joint venture has a maleic anhydride production unit in Morse, Germany, with an annual capacity of 104,300 tons. The transaction is expected to close in Q4 2019.
Novelis, a subsidiary of Hindalco, acquired Aleris Aluminum Corporation of the United States for about $2.6 billion, including assumed debt, becoming the world's largest flat-rolled aluminum products company. The acquisition was announced on July 26, 2018.
Marvell Technology Group announced an agreement to acquire US analog chip manufacturer Inphi in a cash and stock transaction totaling $10 billion.
A consortium led by KCC, Wonik and SJL agreed to acquire Momentive Advanced Materials Group (MPM) for approximately $3.1 billion, entering the final M&A agreement stage.
Arkema announced that its subsidiary Bostik acquired Afinitica, a Spanish company specializing in instant adhesives (cyanoacrylates), to expand its engineering adhesives business for electronics and medical devices.
GKN Aerospace, Shanghai Aircraft Manufacturing Co., Ltd. (SAMC) and AVIC signed a framework agreement to establish a joint venture in China for metal and composite aerospace structural parts, expected to start production in Q4 2021.
Toyota Group and JTEKT announced plans to transfer shares of Feng Precision Industry Co., Ltd. to JTEKT, consolidating powertrain component production to enhance competitiveness.
SAERTEX announced the acquisition of all shares of TK Industries GmbH, a German manufacturer of large tow multiaxial carbon fiber fabrics, to increase capacity and reduce lead times.
SK Integrated Chemical, a subsidiary of SK Innovation, plans to acquire Arkema's functional polyolefin-related business for €335 million. The acquisition includes three production facilities in France and rights to four product lines. The deal is expected to close by the second quarter of 2025.
CSJB Power Material Technology Group, through its subsidiary CSJB Magnet Wire Technology Company, plans to acquire a 67% equity stake in WXTL Electrical Materials Technology Co., Ltd. for 235 million yuan to strengthen its magnet wire business and expand into UHV products.
SEFPRO, a business unit of Saint-Gobain Ceramics, has entered into a definitive agreement to acquire GLASS SERVICE. The transaction is subject to antitrust approvals and is expected to close by the end of the first half of 2024.
Apogee Equity Partners announced the sale of Franklin Heating Cooling & Refrigeration, Inc. to Timmerman Capital, completed on December 28, 2023.
Smith & Nephew completed the acquisition of CartiHeal for $180 million, with an additional $150 million contingent on future financial performance, gaining the Agili-C knee cartilage regeneration technology.
West Flemish Alfa Shirt has acquired Leuven-based textile printer Biznizpoint to integrate knowledge and technologies, enhancing in-house production and sustainability.
Italian papermaker Fedrigoni acquired an equity stake in IoT solutions and consulting company SharpEnd to strengthen its connected solutions offer for smart labels and papers.
On January 12, 2024, Hexcel and Woodward announced a final agreement for a peer-to-peer merger of all shares, creating a new company called Woodward Hexcel. The transaction is valued at approximately $6.43 billion based on closing prices on January 10.
Ningxia Building Materials Group Co., Ltd. plans to absorb China Building Materials Information Technology Co., Ltd. via a share swap and raise matching funds, while its parent China National Building Materials Group commits to selling remaining cement assets to Tianshan Cement within three years.
Holcim has completed three acquisitions in Europe to strengthen its Solutions & Products unit, aiming for it to represent at least 30% of sales by 2025.
China-based Jwell Machinery acquired extrusion blow moulding machinery maker Kautex Maschinenbau. Kautex will operate as an independent entity within Jwell Group, headquartered in Bonn, Germany. Financial terms were not disclosed.
SCIO Automation GmbH completed the acquisition of Fabmatics GmbH, an automation specialist for material flow and handling in the semiconductor industry, on December 27, 2023. The deal was agreed on October 30, 2023, and closed on December 27, 2023.
Excelitas Technologies acquired Heraeus Noblelight, a specialist in specialty lighting components and system solutions. The acquisition was announced on January 11, 2024.
Summit Materials completed the acquisition of Argos USA Corporation from Cementos Argos S.A. and others for $3.2 billion in a cash and stock transaction, announced on September 7, 2023 and completed on January 11, 2024.
Joloda Hydraroll Ltd., a UK-based loading solutions company, has acquired a majority stake in Actiw Oy, a Finnish company specializing in automatic loading technology based in Pieksämäki.
Heritage Global Partners, New Mill Capital, Federal Equipment Company and Keith Machinery Corp have acquired a state-of-the-art pharmaceutical plant in Fenton, Missouri, formerly owned by Alkem Laboratories.
Xos, a manufacturer of medium-duty commercial electric trucks, has entered into a definitive agreement to acquire all shares of ElectraMeccanica in an all-stock transaction. The deal will provide Xos with access to ElectraMeccanica's approximately $48.5 million cash balance to meet growing demand for zero-emission trucks.
Arla Plast AB has signed a Letter of Intent to acquire 100% of the shares of Nudec S.A., a manufacturer of extruded plastic sheets based near Barcelona, Spain. The transaction is expected to close in the first half of 2024.
JGT2 Redevelopment LLC, a joint venture of New Mill Capital Holdings, Infinity Asset Solutions and Camjay LLC, has acquired the assets of Pixelle Specialty Solutions in Jay, Maine, including the paper mill site, equipment and cogeneration power plant. The new owners plan to repurpose the site for alternative industrial uses and energy projects.
CCMP Growth Advisors has partnered with founder Mike McGinnis to invest in Innovative Refrigeration Systems, a leader in industrial refrigeration systems. Financial terms were not disclosed.
ABB has acquired Sevensense, a Swiss start-up specializing in AI and 3D vision for industrial robots, to improve robot mobility in factories and warehouses.
WEPA Professional, part of the WEPA Group, acquired Star Tissue UK, a hygiene paper provider based in Blackburn, Lancashire. The acquired entity will operate as WEPA Professional UK, and the deal includes a converting capacity of 27,000 tpy and 130 employees.