Private equity firm Clayton, Dubilier & Rice agreed to buy packaging firm Veritiv in a $2.3 billion deal that would take it private. CD&R will pay $170 per share in cash, a nearly 20% premium to the last close.
Protective packaging company Glenhaze, based in Bathgate, Scotland, was acquired by McLaren Packaging in September 2023, according to a company profile page.
EN Corporation announced it will absorb and merge its subsidiary Hanseong Cleantec, a specialist in ultrapure and industrial water treatment. The merger date is October 10, 2023.
Integrated Microelectronics Inc. (IMI) sold its 80% stake in subsidiary STI Enterprises Ltd. to London-based private investment firm Rcapital, resulting in an $84 million loss.
Omnia Technologies acquired TMCI Padovan, a provider of food and beverage processing technologies, and Omega, a sales engineering company in the Americas. The acquisitions expand Omnia's portfolio and bring its turnover to approximately €400 million.
Renault Group and Geely signed a binding 50/50 joint venture agreement to launch a new powertrain technology company, aiming to become a global leader in hybrid and efficient ICE powertrains. The joint venture will include 17 engine plants and 5 R&D centers, with annual capacity up to 5 million engines and transmissions.
InCompass Manufactured Growth Solutions, a platform company of TJM Capital Partners, has acquired Mollart Engineering Limited, the machine tools business of Mollart. The manufacturing facility will remain in the UK in the short term.
Sika AG acquired Thiessen Team USA, a company in the construction chemicals market.
Kloeckner Metals Corporation, a US subsidiary of Klöckner & Co, acquired 100% of National Material of Mexico from Tang Industries and NM Holding for $340 million in cash, expanding its presence in Mexico.
HEICO Corporation has completed its acquisition of Wencor Group from Warburg Pincus and management for $1.9 billion in cash and $150 million in stock, totaling $2.05 billion. Wencor will join HEICO's Flight Support Group.
Indra and Bain Capital agreed to acquire a 9.5% stake in ITP Aero, valued at 175 million euros, with Indra gaining board representation. A framework agreement for technological collaboration was also signed.
FASSI Group, through its French holding company CTELM, has acquired FOREZ-BENNES Group, a manufacturer of tipper systems. The acquisition complements FASSI's existing French operations in loader cranes and hooklift systems.
Linamar Corporation acquired Dura-Shiloh's battery enclosures business for $325 million USD, including three factories in Alabama, Czechia, and North Macedonia that manufacture advanced battery enclosures for electric vehicles.
Newterra acquired the assets of Environmental Site Solutions, a Seattle-area supplier of filtration systems for water treatment solutions serving municipal, industrial, and beverage markets.
Omnis Fuel Technologies completed the acquisition of the 1,278 MW Pleasants Power Plant from Energy Transition and Environmental Management, renaming it Quantum Pleasants. The plant will be retrofitted to run on hydrogen.
Italian company Reflexallen acquired production sites in Moldova and Mexico, brand rights, and the Chinese joint venture stake of insolvent automotive supplier Erich Jaeger GmbH, preserving about 900 jobs worldwide.
CRH subsidiary Oldcastle APG acquired Saint-Gobain's fence, railing and decking business in the US, including two production locations in Buffalo, New York, and Orem, Utah, employing 210 people and generating $65.6m in sales in 2022.
HBT entered into a Share Purchase Agreement to acquire Australia-based coal mining equipment company Waratah Engineering from Questas Group. Waratah specializes in remanufacturing longwall roof supports and producing shuttle cars and bolters.
Mativ Holdings announced it has received a binding offer from Evergreen Hill Enterprise to acquire its Engineered Papers business for $620 million. The transaction is part of Mativ's strategy to focus on faster-growing end-markets.
Leasys, a joint venture between Stellantis and Crédit Agricole Consumer Finance, has finalized the acquisition of ALD Automotive's activities in Portugal and LeasePlan's activities in Luxembourg, adding around 30,000 vehicles to its fleet.
JFE Steel and JSW Steel signed a joint venture agreement to establish JSW JFE Electrical Steel Private Limited in Bellary district, Karnataka, India, to manufacture grain-oriented electrical steel (GOES). Total investment is planned at $670 million, with full production targeted for fiscal 2027.
Vink UK Limited, a subsidiary of Vink Holdings, acquired Nylaplas, a UK-based manufacturer of precision plastic components headquartered in Nailsea, North Somerset. The management team will remain in place.
The ait-group acquired the adjacent Maja-Werke factory in Kasendorf, Germany, including a 50,000 m² site, to double heat pump production capacity to 300,000 units. Production is scheduled to start in early 2024.
Micropump joined CEME Group as of 3 August 2023, forming a fluid control group that combines solenoid valves and rotary vane, gear and special pumps. The announcement was published on 19 September 2023.
Conner Industries Inc. announced the acquisition of Guardian Packaging Industries LP, a foam cutting and integrated packaging provider in Garland, Texas, along with its Southwest Air Products division. The deal was closed with Conner's own cash.
Crown Holdings announced the acquisition of Helvetia Packaging AG's beverage can and end manufacturing facility in Saarlouis, Germany, adding about one billion units of annual can capacity. Completion is expected by the end of 2023, subject to German antitrust approval.
TransMedics Group has acquired from Bridge to Life Ltd. the assets and intellectual property related to the EVOSS warm perfusion technology and LifeCradle cold perfusion technology for organ transplantation.
Britain's Competition and Markets Authority is investigating the $7.9 billion deal by Cameco and Brookfield Renewable Partners to acquire Westinghouse Electric, a nuclear power plant equipment maker.
Xylem has completed its acquisition of Evoqua Water Technologies. The combined company includes more than 22,000 employees globally.
Omega Morgan has acquired the assets of Intermountain Rigging and Heavy Haul (IRH), a Salt Lake City-based heavy haul and rigging specialist, expanding its geographic reach and services.
CNC PROS has acquired AME Inc., forming CNC PROS COLORADO, LLC, expanding its machine tool and automation business into Colorado and increasing its team from 10 to 16.
EQT Mid Market Europe and EQT Mid Market Asia III funds have sold BBS Automation to the MDAX-listed Duerr Group. BBS Automation provides automation solutions for production processes. The transaction is subject to regulatory approval.
Quadrivium, a Vedelago-based company specializing in WMS and MES software for Industry 4.0, has signed an agreement to sell a majority stake to Sistemi S.p.A. The deal was executed via Sisfin and partners Wintech S.p.A., Sistemi Vicenza S.r.l., and Vecomp S.p.A. SB.
SIS GmbH and ENDEGS GmbH have merged to form the ETS Group (Environmental Technology Services), a European market and technology leader in environmental technology for reducing emissions of volatile hydrocarbons. The group will be led by Dr. Uwe Nickel, Normen Gerlach, and David Wendel.
APCT, a custom manufacturer of advanced technology printed circuit boards and a portfolio company of Industrial Growth Partners, has completed the acquisition of San Diego PCB Design, a printed circuit board design services company.
TRInternational, Inc. has acquired ChemBlend of America, LLC in Bensenville, Illinois. ChemBlend specializes in formulating, manufacturing, and distributing chemicals including phosphates, cleaners, lubricants, coatings, paints, and electronics.
Autajon, a packaging and labelling company, completed its acquisition of packaging firms Simply Cartons and Simply Luxe on 2 August 2023. Financial terms were not disclosed.
German automotive parts manufacturer Albert Weber acquired aluminium die casting company Ritter Leichtmetallguss. The transaction closed on 1 August 2023.
Anton Paar, a global leader in metrology, announced the acquisition of German extrusion company Brabender Group, which will be integrated as Anton Paar TorqueTec GmbH. The transaction is effective retroactively on January 1, 2023.
Rheinmetall AG has completed its acquisition of Expal Systems S.A.U., a Spanish ammunition and armament manufacturer, for about €1.2 billion. The acquisition expands Rheinmetall's ammunition production capacity for artillery, mortar, and medium-calibre ammunition, and includes multiple plants in Spain and a demilitarization business in the US.
Ambuja Cements, owned by Adani Group, reached a deal to acquire a majority stake in Sanghi Industries. The deal is expected to be announced on August 2, 2023.
InCompass, a platform company of TJM Capital Partners, has acquired the machinery division of Mollart Engineering, a manufacturer of deep hole drilling machine tools. Financial terms were not disclosed.
Syrma SGS Technology Limited has agreed to acquire a 51% stake in Johari Digital Healthcare Limited, an electro-medical device manufacturer, for a consideration of Rs 2,295 million, with an additional Rs 280 million contingent on milestones.
CoolSys, a provider of sustainable refrigeration and HVAC solutions, has acquired Lima Company, a commercial and industrial HVAC and refrigeration service provider in the Mid-Atlantic US.
Venterra Group, an offshore wind energy services company, has agreed to acquire CAPE Holland, a Netherlands-based specialist in offshore vibro-piling technology.
I.M.A. S.p.A. has acquired a 70% stake in MESPIC S.r.l., an Italian company specializing in end-of-line packaging plants. The transaction was finalized on August 1, 2023, and Fabio Garavini will continue as CEO.
Aurorium (formerly Vertellus) has acquired Centauri Technologies, a specialty materials manufacturer in Pasadena, Texas. The acquisition expands Aurorium's portfolio in high-growth markets like personal care, coatings, and transportation.
InMode purchased the intellectual property assets of Viveve Medical Inc., including patents for treatments for vaginal laxity and female urinary incontinence. The acquisition expands InMode's women's wellness offerings.
A consortium led by Sandbrook Capital signed an agreement to acquire NeXtWind Capital Ltd, a German renewable energy company, from a syndicate led by Crestline Investors. The consortium will commit up to US$750 million of equity capital to acquire NeXtWind's portfolio of operating wind assets and fund future growth.
Prevas took over Unibap's industrial operations in robotics and AI, including 4 employees and ongoing assignments. The transfer was completed on August 1, 2023, and strengthens Prevas's expertise in AI and vision.