Harrington Process Solutions, a US industrial products distributor, acquired PumpMan, a US pump, motor and valve maintenance provider with 11 locations. Financial terms were not disclosed.
All4Labels Global Packaging Group is joining Uniflexo, a PSL, shrink sleeve and booklet producer based in São Paulo, Brazil, into its group; the transaction is subject to closing conditions and regulatory approval.
Pact Group and Morrison & Co completed the sale of a 50 per cent stake in Pact's Crate Pooling business to Morrison, creating the 50/50 joint venture Viscount Reuse for reusable plastic packaging crates in Australia and New Zealand.
Rio Tinto acquired a 50% equity stake in the Matalco business from Giampaolo Group for US$700 million, forming a joint venture to manufacture and market recycled aluminium products. The joint venture has seven facilities in the US and Canada with a capacity of 900,000 tons per year.
Johnson & Johnson MedTech made an upfront payment of $400 million to acquire Laminar, a developer of a heart implant to reduce stroke risk. The deal includes additional milestone payments, and Laminar will join J&J's Biosense Webster division.
Ikonisys SA has entered into an agreement to acquire 100% of Hospitex International, an Italian-based world leader in Thin Layer Cytology and Cancer Diagnostics. The acquisition aims to combine technologies and expand geographical reach.
SAIC Motor and JSW Group signed a strategic joint venture agreement under which JSW will acquire a 35% stake in MG Motor India's operations. The joint venture aims to accelerate growth with a focus on green mobility, including local sourcing, charging infrastructure, and production capacity expansion.
Nevro Corp. acquired Vyrsa Technologies, a medical device company focused on sacroiliac joint fusion devices, for $40 million at closing plus up to $35 million in milestone payments. The transaction closed on November 30, 2023.
The Jordan Company (TJC) completed the acquisition of 80.1% of DuPont's Delrin POM homopolymer business, valuing the business at approximately $1.8 billion. DuPont retains a 19.9% stake and received about $1.28 billion in cash plus a $350 million bond.
UltraTech Cement's board approved a scheme to acquire Kesoram Industries' cement business, which includes two integrated cement units with total capacity of 10.75 mtpa and a packing plant. The transaction is subject to regulatory approvals and expected to close within 9-12 months.
Ashtead Technology Holdings Plc acquired Alfred Cheyne Engineering Limited (trading as ACE Winches) from founders Alfie and Valerie Cheyne for £53.5 million on November 30, 2023. ACE Winches will form part of the Group's Mechanical Solutions offering.
Berlin Packaging has acquired Nest-Filler PKG, a South Korean supplier of glass and plastic beauty and cosmetic packaging, expanding its Asia-Pacific presence; all employees and locations will be retained.
Mutares SE & Co. KGaA signed an agreement to acquire 83.08% of TeamTex Management and its subsidiaries from Nania Developpement and Crédit Mutuel Equity. TeamTex manufactures child restraint systems via plastic injection and blow moulding, with revenues of about EUR 80 million in 2022.
Swedish investment group Lifco has completed the acquisition of an 80% stake in Emilplastica S.r.l., a plastics processing company based in Anzola dell'Emilia, Italy.
Westinghouse Electric Company acquired the remaining 50% of Tecnatom from Endesa, gaining full ownership of the Spanish engineering and digital services company. The deal closed after all regulatory approvals were obtained.
The JOEST group has acquired Mogensen GmbH & Co. KG (Germany), Fredrik Mogensen AB (Sweden), and Allgaier Mogensen S.L.U. (Spain) from the Allgaier Group. The acquired companies will continue as independent entities with all 140 employees retained.
MotionTech Group has acquired AMH Material Handling, a system integrator based in Birmingham, UK, specializing in automated solutions for e-commerce fulfillment centers.
EDF is set to finalize the takeover of GE Steam Power, General Electric's nuclear turbine business, on Friday. The acquisition includes the Arabelle turbine production division and involves about 3,400 employees worldwide.
Capitalworks Investment Partners has acquired a significant minority stake in Continental Compounders and Continental Engineering Compounds, the largest polymer compounder in Sub-Saharan Africa. The investment will support growth.
Borealis announced the signing of an agreement to acquire a 100% stake in Integra Plastics AD, an advanced mechanical recycling company in Elin Pelin, Bulgaria, adding over 20,000 tons of recycling capacity.
Emerald Lake-backed Inno-Pak has acquired Albany Packaging, a folding paperboard carton manufacturer, as reported on 29 November 2023.
Core & Main Inc. closed its acquisition of substantially all assets of Enviroscape ECM, Ltd. and three affiliated entities, a provider of geosynthetics and erosion control products in Deshler, Ohio.
PCBL, part of the RP-Sanjiv Goenka Group, approved the acquisition of 100% of Aquapharm Chemicals for ₹3,800 crore, marking its entry into water treatment and oil and gas chemicals. The deal is expected to close within 2-3 months.
Pro Mach, Inc. acquired Sentry Equipment & Erectors, Inc., a manufacturer of industrial automation equipment including conveyors, palletizers, and container handling machinery for the beverage market. Sentry was based in Forest, Virginia and employed nearly 300 people.
Ross-shire Engineering (RSE) acquired a 75% majority stake in Chem Resist, a thermoplastic process plant and fluid transfer products company, for an undisclosed sum. The deal bolsters RSE's chemical treatment and fluid transfer portfolio.
SPIE has signed an agreement to acquire ROBUR Industry Service Group GmbH in Germany. The acquisition is expected to close in the first half of 2024.
Metall Zug and Miele have signed an agreement to create a joint venture combining Belimed and Steelco. Metall Zug will hold 33% and Miele 67% of the new company based in Zug, Switzerland.
IPD Group Limited announced a conditional agreement to acquire 100% of CMI Operations Pty Ltd, a distributor and manufacturer of electrical cables and plugs in Australia, from Excelsior Capital Limited.
Air Conditioning Specialist, Inc., a portfolio company of Hidden Harbor Capital Partners, acquired Tri-City Air Conditioning Co., an HVAC services provider in Johnson City, Tennessee.
Enovis Corporation announced a definitive agreement to acquire LimaCorporate S.p.A., a global orthopedic leader, for an enterprise value of approximately €800 million, consisting of €700 million cash and €100 million in Enovis stock.
AEQUITA SE & Co. KGaA entered a definitive agreement to acquire three businesses from Salzgitter Maschinenbau AG: PEINER SMAG Lifting Technologies, mobile drilling and mining solutions, and mobile antenna masts. The businesses generate about EUR 130 million in turnover with 850 employees.
CANPACK Group agreed on 28 November 2023 to transfer its CP Glass bottle plant in Orzesze, Poland to BA Glass, subject to merger control approval, with completion expected in the first half of 2024.
Tecnik Fluid Controls and ITT have formed a joint venture, with an initial investment from ITT, to manufacture valves for the pharmaceutical industry in India.
Austrian-German packaging company Rattpack acquired Giko Verpackungen GmbH, a flexible packaging maker with sites in Weiler (Austria) and Diepoldsau (Switzerland) and around 85 employees, lifting the Rattpack Group's annual turnover to about EUR 150 million.
The Dutch government has approved Nexperia's acquisition of Nowi, a Dutch semiconductor startup specializing in power management chips that harvest ambient energy. The deal was announced in November 2022 and cleared after a national security review.
Kelly Aero, a manufacturer of aircraft ignition systems and replacement parts based in Montgomery, Alabama, was acquired by Hartzell Engine Technologies in November 2023.
Industrial Refrigeration Pros announced a partnership with Wyatt Refrigeration, finalized on November 17, 2023, to expand its presence in the Northwest USA and Alaska. Wyatt Refrigeration is based in Everett, Washington.
InCompass, a platform company of TJM Capital Partners, reached a definitive agreement to acquire Bridgeport Machine Tool Company, a manufacturer of vertical milling machinery. Financial terms were not disclosed.
Fugro reached a binding agreement to acquire the remaining shares in SEA-KIT International, a developer of uncrewed surface vessels for maritime operations. The transaction is expected to close before end of 2023.
Russian President Vladimir Putin authorized PSK – New Solutions to acquire 100% of the shares of Caterpillar Tosno plant in Leningrad Oblast, which produces excavators, dump trucks, and generator sets, as well as 100% of Caterpillar Financial.
Smith & Nephew agreed to buy CartiHeal for $180 million upfront, with up to $150 million in additional payments tied to financial performance. CartiHeal makes the Agili-C knee implant for cartilage regeneration.
An affiliate of TJC, L.P. entered a definitive agreement to acquire L3Harris Technologies' Commercial Aviation Solutions business for $700 million, plus up to $100 million contingent earnout. The transaction is expected to close in the first half of 2024.
Taiwan Cement Corporation (TCC) and OYAK have signed a preliminary agreement for TCC to acquire OYAK's 60% stake in Cimpor Portugal Holdings for EUR 800 million and 100% of OYAK Denizli Cement shares for EUR 1.3 billion, plus 20% of OYAK's 60% shares in OYAK Denizli Cement.
OrbusNeich Medical Company Limited, a subsidiary of OrbusNeich Medical Group, agreed to acquire 84% of PT Revass Utama Medika, a distributor of cardiovascular and other medical devices in Indonesia. The purchase price is between $10.08 million and $20.16 million.
Mauser Packaging Solutions signed a definitive agreement to acquire Taenza, S.A. de C.V., a Mexico City-based maker of tin-steel aerosol cans and steel pails with five Mexican plants and over 850 employees. Completion is expected by April 2024, subject to regulatory clearances.
Schaeffler AG signed a business combination agreement with Vitesco Technologies Group AG and announced a voluntary public tender offer for all Vitesco shares. The announcement was made from Herzogenaurach, Germany.
Changan Automobile signed an MoU with Huawei to invest in a new company Huawei will set up for automotive smart driving systems and components. Changan plans to acquire no more than a 40% stake in the new entity.
Merlinhawk Aerospace Pvt. Ltd. and Italy's Vega Composites S.r.l. signed a joint venture agreement to establish a manufacturing and design facility in Tamil Nadu's defence corridor for advanced composites. The new entity is Merlinhawk Composites and Engineering Private Limited.
ACI-Somagep, part of Parlym Group, acquired Jiangsu Colves Fluid Control, an industrial valve manufacturer in Nantong, China, and its Italian distributor Colves Fluid Control. The deal strengthens ACI-Somagep's supply chain and gives it a manufacturing base in Asia.
Weir acquired Sweden-based SentianAI, a developer of AI-based solutions for optimizing minerals processing, to accelerate its digital capability and technology roadmap.