Ranger Steel Services, LP acquired the steel operation of Nance Steel Sales, Inc. The new entity, Nance Steel Sales, LLC, will be headquartered in Houston, Texas and begin operations effective February 1, 2024.
An affiliate of Sun Capital Partners has completed the acquisition of Koch Separation Solutions from Koch Industries and rebranded it as Kovalus Separation Solutions. The company continues operations as a standalone business with over 700 employees and four manufacturing sites.
Quantum Materials, LLC has acquired the Innegra portfolio of patented high-performance fibers and materials to support growth in technical and industrial textile solutions.
Dongfeng Motor Group will acquire automotive assets from its joint venture with Stellantis NV for $234 million to consolidate manufacturing resources amid weak car sales in China.
Alro Steel acquired Pottinger Steel, a steel service center in Racine, Wisconsin, on November 3, 2023. The Racine location will continue operations as Alro Metals Outlet, and Matt Rinehart will join Alro as General Manager.
Valgroup announced the acquisition of Garda Plast Group, formed from Garda Plast and IFAP, which produces PET and rPET preforms. The deal, led by Progressio SGR, strengthens Valgroup's presence in Italy.
ALPLA is taking over all of Billerud's shares in Paboco, the Danish joint venture making fully recyclable paper bottles, and becomes majority shareholder to scale up manufacturing. The article is dated 24 October 2023.
Sky Peak Capital acquired TriStar Plastics Corp., a provider of engineered plastic solutions and self-lubricating bearings headquartered in Shrewsbury, Massachusetts, with facilities in North Carolina, Illinois, and California.
Headway Capital Partners co-invested with Ceres Capital to acquire Seyntex Group, with the Seynaeve family remaining invested. The acquisition makes Ceres Capital the majority shareholder.
Watts Water Technologies has completed the acquisition of Bradley Corporation for $303 million, subject to adjustments, with a net transaction value of approximately $268 million.
Alumichem North America acquired the U.S. water treatment division of Northstar Chemical, strengthening its water treatment capabilities in North America.
Fortive Corporation has entered into a definitive agreement to acquire EA Elektro-Automatik Holding GmbH, a supplier of high-power electronic test solutions, for $1.45 billion in cash, net of tax benefits.
Amcor agreed in November 2023 to buy Berry Global for $8.43 billion in an all-stock deal. The companies have cleared the US antitrust waiting period and approvals from other countries, with closing targeted for mid-2025.
ITC Packaging and Erum Group created the joint venture ITC-Erum to improve their international presence and widen their product portfolio and commercial catalogue. The article is dated 23 October 2023 and gives no deal value or location.
Ryder System has entered a definitive agreement to acquire all equity of IFS Holdings (Impact Fulfillment Services), which runs 15 contract packaging, manufacturing and warehousing operations in nine US states. The deal is expected to close in early November 2023, subject to antitrust approvals.
Aksa Akrilik Kimya Sanayii A.Ş. acquired a 54% stake in Aksa Composites, becoming its main shareholder. Aksa Composites is a technology company specializing in advanced composite materials for aerospace and defense industries.
Best Agrolife Ltd. acquired a 99% stake in Kashmir Chemicals, a pesticide formulation manufacturer in Samba, Jammu and Kashmir. The deal was formalized on October 20, 2023, retroactively effective from September 16, 2023, and is expected to add approximately Rs. 350 crores to BAL's overall returns.
ProMach, a leader in processing and packaging solutions, acquired Sentry Equipment & Erectors Inc., a manufacturer of conveyor and container handling machines. Sentry has over 230 employees and is based in Forest, VA.
Avery Dennison has signed a definitive agreement to acquire Silver Crystal Group, a player in sports apparel customization and application.
Biomass Engineering & Equipment (BE&E) will acquire the Vibrapro brand and manufacturing operations in Boise, Idaho, and the BID Group fabrication plant in Greenville, Kentucky, as part of a strategic supply and outsourcing partnership with BID Group.
The Arcticom Group Canada Ltd. has acquired Accutemp Refrigeration, Air-Conditioning & Heating Ltd. of Victoria, BC, and Fraser Valley Refrigeration Ltd. of Aldergrove, BC, both sellers and installers of commercial and industrial air conditioning and refrigeration equipment.
Ahlsell Norway has entered into an agreement to acquire all shares in Midt-Norsk Rør AS, a supplier of complete sewage systems to contractors, municipalities and agricultural customers in central Norway. The company has nine employees and 2022 turnover of 50 MNOK.
Tecnikabel, an Italian specialty cable manufacturer, has acquired EIS Wire & Cable of South Hadley, Massachusetts, a supplier of specialty cables for defense electronics and industrial automation. The deal strengthens Tecnikabel's presence in the US market.
Lennox has entered into a definitive agreement to sell its Hyfra Process Cooling business unit, headquartered in Krunkel, Germany, to the Glen Dimplex Group. The transaction is expected to close in Q4 2023.
TWC Services acquired Upton Refrigeration Sales and Service Inc., a commercial ice machine leasing and refrigeration equipment company in Panama City, Florida.
Samvardhana Motherson International Ltd agreed to acquire a 74.19% stake in Irillic Pvt Ltd, a medical device imaging company, for Rs 46.6 crore.
Samvardhana Motherson International Ltd acquired aerospace defence and security firm SMAST for nearly Rs 25 crore.
Samvardhana Motherson International Ltd acquired French company ADI Group, which manufactures components for aircraft engines and medical devices, for EUR 35 million (approx. Rs 310 crore).
Danish axial impeller maker Multi-Wing Group acquired 100% of Italian HVAC&R fan manufacturer VIP Air Empowerment Srl, which was founded in 1985. The Fasolini family owners will remain in the company.
Speyside Equity-backed Opta Group, a supplier of performance materials for the molten metal, infrastructure and specialty chemical industries, acquired NuFlux. The article reports the deal on 20 October 2023 and gives no value.
BEMAC Corporation, with Mitsui & Co., signed a share purchase agreement to acquire 100% of The Switch Engineering Oy and its group from Yaskawa Europe Holding. The Vaasa, Finland maker produces permanent magnet machines, DC distribution solutions, high-power AC drives and high-speed induction motors. The price was not disclosed.
Grupo Erum and ITC Packaging signed an agreement to create ITCErum Packaging, a joint venture that will make household and food packaging at Erum's factory in Tangier, Morocco. The venture aims to expand internationally and develop sustainable packaging.
The European Commission granted unconditional merger clearance for Georg Fischer's voluntary public cash tender offer for all outstanding Uponor shares at EUR 28.50 per share. US antitrust waiting period had already expired, and completion is pending.
Total Betong AS, a wholly owned subsidiary of Endúr ASA, plans to acquire 100% of the shares of Engelsen Total AS, a turnkey contractor based in Haugesund, Norway. Engelsen Total will operate as a subsidiary of Totalbetong.
Bure has entered into an agreement to acquire 17.0 percent of the shares in Silex Microsystems AB for SEK 917 million, as part of a consortium that collectively acquires 48.2 percent of the company. The transaction values Silex at SEK 5.5 billion.
US lifting equipment manufacturer Crosby announced that the company will adopt the brand Kito Crosby.
Masonite International Corporation acquired Fleetwood Aluminum Products, a manufacturer of premium aluminum-framed glass door systems, for $285 million in cash.
The Aeromotive Group and Roadster Shop have merged to form a combined company operating as Roadster Shop, aiming to accelerate growth in the automotive aftermarket.
Rinnai Australia acquired iZone, a manufacturer of smart home and ducted air conditioning control systems, to expand its HVAC business.
Riou Glass finalized the acquisition of 100% of Vidresif, a glass transformer based in Porqueres, Catalonia, Spain. Vidresif has annual sales of €25 million and 115 employees.
stow Group acquired a majority stake in Raiser Robotics, a German start-up developing warehouse automation solutions, to form part of the new stow Robotics unit.
Hennig Inc., a provider of machine protection and coolant management systems, acquired Industrial Coolant Systems (ICS), a developer of high-pressure coolant systems and filtration systems based in Denver.
The Fair Competition Tribunal in Tanzania nullified the Fair Competition Commission's approval of Scancem International's planned acquisition of a 68% stake in Tanga Cement, dated 28 February 2023.
VPK Group signed an agreement to acquire a majority stake in Zetacarton, an Italian corrugated cardboard manufacturer near Como that makes fanfold and big-box packaging. The company had 110 employees and about EUR 75 million revenue in 2022. The financial terms were not disclosed.
IKM Gruppen signed an agreement to buy 100% of the shares of Flux Holding AS, a Norwegian supplier of umbilicals, valves, hoses and couplings for the energy sector. Flux has about 61 employees and sites in Stavanger, Bergen and Porsgrunn. The price was not disclosed.
CEME Group announced the acquisition of Micropump, a US pump maker headquartered in Vancouver, Washington, to expand its fluid control offering. The announcement was dated 2023-10-19 and no price was given.
Elvaston Capital Management acquired Setex Schermuly textile computer GmbH and its subsidiaries, which develop automation solutions for the textile industry.
Advanced Biologics (known commercially as Biologica Technologies) has merged with Isto Biologics, integrating Advanced Biologics' proprietary products into Isto's allograft portfolio.
RIVE Private Investment acquired a 50% equity stake in Logix.Aero, a player in aircraft engine leasing and aeronautical parts management. The deal provides capital for engine acquisitions, with plans to invest approximately EUR 100 million by 2026.
American Holt, a portfolio company of Arcline Investment Management, acquired DMA Solution, a provider of aftermarket replacement parts for beverage packaging machinery. The acquisition creates a combined platform for food and beverage machinery aftermarket parts.