Hello Bello, a brand of baby and family care products, announced it has reached an agreement in principle to be acquired by Hildred Capital Management, a healthcare-focused private equity firm.
Yageo Corporation completed the acquisition of Telemecanique, France from Schneider Electric S.E. for an enterprise value of approximately €723 million on October 31, 2023.
Thélios S.p.A. and Innova.Tek. Srl completed the acquisition of business units relating to the Longarone plant from Safilo Group S.p.A. for €10.5 million on October 31, 2023.
AMETEK Dynamic Fluid Solutions and the former Bison Gear and Engineering Corp. have merged to form Bison, a business of AMETEK, Inc., making fluid-moving and motor drive products such as motors, blowers, pumps and gear motors. Manufacturing is in the US and Mexico with China facilities.
Greif entered exclusive negotiations to acquire IPACKCHEM Group SAS, a maker of jerrycans and small plastic containers, from an affiliate of SK Capital Partners in a cash deal valued at $538 million. Closing is expected by the end of Greif's second quarter of fiscal 2024, subject to French consultation and regulatory clearances.
SCIO Automation has agreed to acquire Fabmatics GmbH and its US subsidiary from the founding shareholders and Süd Beteiligungen GmbH, signed on October 30, 2023, subject to regulatory approvals.
Hubbell Incorporated entered a definitive agreement to acquire Northern Star Holdings (Systems Control), a manufacturer of substation control and relay panels, for $1.1 billion in cash.
German private equity firm Mutares acquired Byldis, a modular construction company based near Eindhoven, Netherlands, from bankruptcy. Byldis has around 400 employees and operates in the UK and Europe.
Cloyes Gear & Products acquired Rotomaster, a global turbocharger and component specialist. Terms were not disclosed.
John Cockerill has acquired the cooling activities of Hamon UK, strengthening its position in cooling towers and expanding into the United Kingdom. This follows previous acquisitions of Hamon Group assets in Belgium, France, Spain, Korea, and Indonesia.
MCP IV, the fourth fund of private equity firm Mindful Capital Partners, acquired a majority stake in Fiorini Industries, an HVAC solutions company based in Forlì, Italy, from the Fabbri family.
Clariant announced on October 30, 2023, that it has agreed to acquire Lucas Meyer Cosmetics from International Flavors & Fragrances for $810 million in cash, expected to close in Q1 2024.
Indorama Ventures' attempt to acquire the outstanding shares of Israeli nonwovens maker Avgol has been unsuccessful, though Indorama still holds a majority stake.
Allegro MicroSystems completed the acquisition of Crocus Technology, a leader in TMR sensor technology, for $420 million in cash. The acquisition accelerates Allegro's TMR roadmap and strengthens its position in magnetic sensing.
Andritz signed an agreement to acquire the NAF AB control valve business from Flowserve Corporation. NAF, headquartered in Linköping, Sweden, makes process control valves for pulp and paper and other industries. No price was disclosed.
Atlas Copco agreed to acquire Presys Co., Ltd., a privately owned vacuum valve maker with 134 employees in Suwon, South Korea. The purchase price was not disclosed and closing is expected in Q1 2024, subject to regulatory approval.
Busch Vacuum Solutions has acquired centrotherm clean solutions, a maker of industrial gas abatement systems for the semiconductor and high-tech industries. The Blaubeuren headquarters and all jobs will be retained, and the deal is aligned with Pfeiffer Vacuum.
Init Group, a Nordic automation partner, acquired Norwegian company Nebb to strengthen its position in the Scandinavian market. Nebb will maintain its current activities and management.
Sidi Kerir Petrochemicals called a board meeting to discuss the shareholder agreement for Ethydco with Abu Dhabi Holding, which will acquire a 30% stake in Ethydco. The acquisition had been previously postponed pending a strategic investor study.
Meta Bright Group Berhad proposed to acquire a 70% equity interest in Expogaya Sdn. Bhd., a ready-mix concrete manufacturer in Sabah, for RM28.04 million, expanding into building materials.
Tata Electronics Private Limited signed a Share Purchase Agreement to acquire a 100% equity stake in Wistron InfoComm Manufacturing (India) Private Limited, making Tata Group the first Indian company to manufacture Apple iPhones. The deal was announced on October 27, 2023.
Chicago-based Wind Point Partners confirmed its acquisition of Pine Bluff's Central Moloney Inc., a transformer manufacturer. The purchase price was not disclosed.
3M sold its 50% equity stake in Combi Packaging Systems LLC to SIAT Group.
Arkema announced the planned acquisition of Arc Building Products, an adhesives and sealants company in Ireland, to strengthen its position in Ireland's construction-adhesives market.
Schaeffler AG has acquired Aerosint SA, a former Desktop Metal company based in Herstal, Belgium, specializing in multi-material 3D printing technology. The startup will be renamed Schaeffler Aerosint SA and integrated into Schaeffler Special Machinery.
Aerospace manufacturer Produmax has announced its integration with ASG Group, a global aerospace manufacturing group based in Manchester. The partnership aims to grow Produmax's business to over £20 million in five years.
Knusford has agreed to acquire Ekovest Construction Sdn Bhd from Ekovest for an indicative consideration of RM450 million, to be satisfied via issuance of new Knusford shares.
Petrobras announced the start of the binding phase for the sale of its 18.8% stake in UEG Araucária S.A., a natural gas-fired thermoelectric plant in Araucária, Paraná, Brazil, with 484 MW installed capacity. Partners COPEL and COPEL Geração e Transmissão hold the remaining shares.
SCG Packaging completed a 100% stake acquisition of UK packaging firm Law Print & Packaging for GBP 10.68 million and an 85% stake in Italian medical supply firm Bicappa Lab for EUR 3.23 million.
Medical device contract manufacturers Arrotek and NeedleTech merged under the Arrotek brand, extending manufacturing services globally. The merger includes two centers of excellence: a facility in Massachusetts for metal components and an Irish facility for plastics.
Solenis completed the acquisition of CedarChem LLC, a water and wastewater treatment products company headquartered in Cedartown, Georgia.
LyondellBasell has acquired a 25% equity ownership in Cyclyx International, a joint venture between Agilyx and ExxonMobil focused on plastic waste recycling. The deal aims to accelerate circular economy infrastructure for plastics.
American Niagara (ANC) of Norcross, Ga. has purchased ZIM International (ZIM) of Smyrna, Ga. The combined company will be headquartered at ANC's Norcross location, and all ZIM team members will be retained.
Swiss machine tool makers Starrag and Tornos have signed a merger agreement to form StarragTornos Group. The deal, announced on October 26, 2023, is expected to close in December 2023, pending shareholder approvals.
SVEVIND Energy Group has completed the sale of its Swedish subsidiary SVEVIND Nordic AB to Norwegian utility Statkraft. The team and projects will be integrated into Statkraft's operations.
Stellantis N.V. plans to invest approximately EUR 1.5 billion to acquire about 20% of Leapmotor, becoming a significant shareholder. The companies will also form Leapmotor International, a 51/49 Stellantis-led joint venture for global sales and manufacturing outside Greater China.
Teak Capital and Tangor Capital have reached an agreement with Sun Capital to acquire Vetrerie Riunite Group, a global leader in glass windows for front-load household laundry appliances based in Verona, Italy. The transaction excludes the Novaref division.
Lummus Technology has reached an agreement with Air Liquide Engineering & Construction to acquire the rights to license and market ester grade acrylic acid technology and light and heavy acrylates process technology.
Atlas Copco completed its acquisition of Sykes Group Pty Ltd from Seven Group Holdings, a Newcastle, New South Wales maker of mining and wastewater dewatering pumps with 123 employees and about 65 MAUD in annual revenue. The purchase price was not disclosed.
Mitsui Chemicals and Asahi Kasei established M.A. Life Materials on October 2, 2023, by integrating their nonwoven fabric businesses. The new company plans to integrate production bases in Thailand by 2025-2026 and domestic systems by around 2027, targeting revenue of 100 billion yen by around 2030.
Mid-South Steel Products, a fuel equipment distributor and storage tank manufacturer, was acquired by Island Pump & Tank with support from Hidden Harbor Capital Partners. Financial terms were not disclosed.
Ultra Clean Holdings (UCT) closed the acquisition of HIS Innovations Group, a semiconductor sub-fab supplier, for $50 million upfront plus up to $70 million in earn-outs.
Rockwell Automation completed its acquisition of Clearpath Robotics Inc., the parent company of OTTO Motors, based in Kitchener, Ontario. The acquisition adds OTTO Motors' autonomous mobile robots and Clearpath's development platforms to Rockwell's industrial automation offerings.
Wallbox, an EV charging and energy management specialist, agreed to acquire ABL for EUR15 million. The deal includes ABL's factory in Germany and a component facility in Morocco, and is expected to close in Q4 2023.
Bitsrosis announced it will merge with Sangrim ENG, a water treatment environment specialist, via a non-share capital increase absorption merger. Bitsrosis owns 100% of Sangrim ENG shares.
XFS Global, LLC acquired HeyTex USA, Inc., manufacturer of Bondcote performance engineered fabrics, based in Pulaski, Virginia. The acquisition was financed by Lake Country Capital and is part of XFS Global's strategic growth plan.
Exlabesa completed the acquisition of Flandria Aluminium, a French aluminium extrusion and recycling company in Warneton. Flandria operates two presses and an aluminium recycling plant, serving construction, industrial, and transport sectors.
MM Plastics announced the acquisition of Micro Precision Plastics (MPP), a family-owned injection moulding company in Dandenong South, Victoria. MPP operates 22 injection moulding machines and serves industries including automotive, consumer goods, and pharmaceuticals.
VPK Group reached an agreement to acquire a minority share in Ribble, a UK corrugated cardboard company specialising in fanfold based in Oldham, Lancashire. The deal supports VPK's vertically integrated packaging model across Europe.
IVE Group signed a binding agreement to acquire 100% of Melbourne packaging group JacPak for a total consideration of $35 million. The deal enters the short to medium run folding cartons segment and is scheduled to complete on 31 October 2023.