TOPPAN Holdings signed an agreement to acquire the flexible packaging and thermoformed container business of SONOCO Products Company for about 1.8 billion US dollars, expanding its sustainable packaging operations in North and South America.
McLaren Packaging and VPK UK & Ireland agreed to form a 50/50 joint venture, McLaren Corrugate Limited, combining McLaren's Port Glasgow corrugate plant with VPK's East Kilbride site to serve the Scottish corrugated market.
Novolex and Pactiv Evergreen agreed to combine into a food, beverage and specialty packaging manufacturer, with Pactiv shareholders receiving $18.00 per share in cash. CPP Investments will contribute about US$1 billion and become a significant minority shareholder.
Atlas Copco Group completed the acquisition of the compressor business of Penang-based JetCan Engineering Sdn Bhd, which sells and services compressed air equipment in northern Malaysia; 24 employees join the group. The price was not disclosed.
Italian packaging group Carton Pack has acquired Clifton Packaging Group, a Leicester-based maker of flexible food and drink packaging, backed by private equity firm A&M Capital Europe.
Inoxpa has acquired a 60% stake in two Shanghai commercial companies, YRP Flow Technology and Process Partners, for about EUR 3 million as part of its China expansion.
Nakakita Seisakusho agreed to acquire Ace Valve Co. from Dta Investment Co. on November 26, 2024, with completion expected December 20, 2024. Ace Valve reported KRW 21.4 billion in total revenue for 2023.
H.I.G. Capital bought an industrial company with about 350 employees that sells and services petroleum fueling stations, EV charging infrastructure, and industrial pumps and compressors. The deal was reported on November 25, 2024.
Applied Industrial Technologies signed a definitive agreement to acquire Hydradyne, LLC, a Dallas-based fluid power distributor with about 500 staff and 33 locations in the Southeastern U.S. Applied expects roughly $260 million in sales and $30 million in EBITDA from the deal.
Cogent, Inc. announced the acquisition of Central States Group, an industrial equipment distributor based in Omaha, Nebraska with operations in Cedar Rapids, Marshall and Madison. The deal strengthens Cogent's presence in the Midwest in pumps, pipe, valves and fittings.
Ferrum Packaging AG and KHS GmbH are taking over H. F. Meyer Maschinenbau GmbH & Co. KG, a can-seaming and canning technology maker in Neustadt in Holstein, effective 1 January 2025. H. F. Meyer will remain an independent company within the group.
Berlin Packaging has entered a definitive agreement to acquire Rixius AG, a German rigid packaging supplier serving DACH and Benelux, with closing expected in Q4. Private equity firm BWK will exit its stake.
Walker Manufacturing has acquired Danfoss's Light Duty product line, including Model 7 and Model 11 hydrostatic variable displacement pumps and transmissions, moving production to its Fort Collins, Colorado facility.
J de Jonge Group acquired a majority stake in Dutch screw spindle pump maker Holland Legacy Pump Group, which will be rebranded as J de Jonge | HLP within its Specialties division.
Amcor agreed to combine with Berry Global in an all-stock merger in which Berry shareholders receive 7.25 Amcor shares per share, creating a combined company with an enterprise value of about $37 billion. Closing is targeted for mid-2025.
Atlanta-based packaging supply chain firm Coregistics, a Red Arts Capital portfolio company, acquired contract packager Belvika Trade & Packaging, which operates from Mississauga, Ontario. No financial terms were disclosed.
Novapet, part of the SAMCA Group, announced the acquisition of PET packaging maker ENSO from GED Capital. The deal creates a vertically integrated group with five production plants in Spain and Portugal, with projected annual turnover above 400 million euros.
Coregistics, a Red Arts Capital portfolio company, has acquired Belvika Trade & Packaging, a food and beverage contract packager, making Coregistics the largest pure-play contract packaging company in North America.
NEUMAN & ESSER signed a contract on November 13, 2024 to take over EVB Technik GmbH, an electrical and automation solutions firm in Velbert and Garbsen, effective January 1, 2025.
E. Hofmann Plastics acquired Czech packaging maker PAP Packaging from Italy's Manfreplast in Liquidazione in an auction linked to the seller's liquidation. The deal prevented insolvency and kept production running.
The European Commission approved Sonoco Products' acquisition of the Eviosys group, which includes metal packaging and closure plants in Spain, under EU competition rules.
A.P. Moller Holding has closed its offer to acquire Concentric AB, a global pump, fan and thermal management manufacturer for commercial vehicles.
ADNOC, via its investment company XRG, has acquired a controlling stake in German polymer manufacturer Covestro, surpassing the 50% acceptance threshold in a €11.6 billion deal. The transaction is expected to be completed in the second half of 2025.
Palm Group has completed the acquisition of 100% of John Hargreaves (Collyhurst & Stalybridge) Ltd, a corrugated products producer in Stalybridge near Manchester, in October 2024.
Interpump Hydraulics Brasil assumed control of Hidrover Equipamentos Hidráulicos, a Flores da Cunha maker of hydraulic cylinders serving construction and agriculture. The founding partners will continue to manage the company.
ABB signed an agreement to buy Aurora Motors, a provider of vertical pump motors sold in 30 countries, to strengthen its NEMA Motors Division. Financial terms were not disclosed and closing is expected before the end of 2024.
Emerson proposed to acquire all AspenTech shares it does not already own for $240 per share in cash, after already holding about 57%. The proposal would make AspenTech a wholly owned subsidiary.
Baker Manufacturing, a portfolio company of Blue Sage Capital, acquired the Pump Division of A.Y. McDonald Mfg. Co, including submersible, booster, jet, sump pumps and pressure tanks for residential and agricultural markets.
Franklin Electric agreed to acquire Challenge Pumps Holdings, a Perth-based maker of underground mine dewatering pumps, for about US$181 million in cash plus up to US$14 million contingent consideration.
Ebara, through its Brazilian subsidiary Ebara Bombas America Do Sul, bought 80% of Asanvil S.A., a Uruguayan pump sales, assembly and after-sales service company, giving Ebara a new sales base in Uruguay.
Mondi agreed to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging, including seven converting plants, two solid board mills and four solid board converting plants.
Interpump Hydraulics Brasil announced it acquired control of Hidrover Equipamentos Hidráulicos of Flores da Cunha, Rio Grande do Sul, a maker of hydraulic cylinders for construction and agricultural markets. The current partners will keep managing the company.
Veritiv Operating Company acquired substantially all assets of PAX Global, a custom packaging distributor and converter with annual revenue of about $45 million. The deal adds folding carton and film converting capabilities.
Amcor announced in November 2024 that it would acquire Berry Global in an all-stock transaction valued at $8.43 billion, combining consumer and healthcare packaging operations.
Saica Groupe acquired all of Schumacher Packaging's operations in Poland, including two corrugated board plants in Bydgoszcz and Wroclaw, two paper mills in Grudziadz and Myszków, and three service centres, effective 31 October 2024 after anti-trust approval.
Singer Industrial teamed up with Fluid Tech Hydraulics, a Sacramento-based hydraulic distributor and service provider, which will operate within Singer's Fluid Power Division. The deal increases Singer's footprint to more than 120 locations.
Ball Corporation announced on October 31, 2024 that it acquired Alucan, a European extruded aluminum aerosol and bottle producer, adding plants in Llinars del Vallés (Barcelona), Spain and Lummen, Belgium.
Amcor agreed to sell its 50% interest in the Bericap North America closures joint venture to Bericap for $122 million, with closing expected by December 31, 2024. Proceeds will reduce debt.
Fluiconnecto UK Ltd, part of the Manuli Ryco group, announced the acquisition of GB Hoses Limited, a UK provider of 24/7 emergency mobile hose replacement and a trade counter in Greater Manchester. The announcement was made on 30 October 2024.
French firefighting equipment maker Leader Group announced a merger with C.E.T. Group, a Pierreville, Quebec manufacturer of portable fire pumps and foam systems. The deal, announced 30 October 2024, strengthens Leader's international position.
Trelleborg Sealing Solutions signed an agreement to acquire CRC Distribution, a US specialist distributor of polymer seals based in Robertsdale, Alabama, with annual external sales of about SEK 170 million. Completion is expected in Q1 2025.
Aspen Pumps Group acquired Malco Tools, Inc., a Minnesota manufacturer of tools for the HVAC and building construction industries. Malco becomes the North American headquarters of Aspen, and its CEO takes over as CEO of Aspen Pumps Group North America.
FEMSA reached a definitive agreement to sell its plastics solutions operations to AMMI, an affiliate of Milenio Capital, for 3,165 million Mexican pesos on a cash-free, debt-free basis. Closing is subject to regulatory approvals.
TC Transcontinental agreed to sell its industrial packaging operations to Hood Packaging Corporation for US$95 million, subject to working capital adjustments. The Thomasville, North Carolina operations and 138 employees are transferred, and Hood also acquires the industrial packaging business of the Ontario, California plant.
Metso is acquiring Jindex Pty Ltd, a privately owned Australian maker of valves and process flow control equipment, to strengthen its slurry handling offering for the mining industry.
Japan's Tsurumi Manufacturing has acquired the entire share capital of Zenit International SpA, holding company of Italian wastewater treatment plant producer Zenit Group, based in San Cesario sul Panaro near Modena. Zenit had a 2023 consolidated turnover of over EUR 40 million.
Flacks Group has acquired Artemyn, a division previously owned by Imerys, which has 1,000 employees across 24 plants and the world's largest kaolin operation in Brazil. Flacks' pump maker Pleuger Industries will collaborate with Artemyn on mining products.
Workdry International, parent of Selwood, Siltbuster and Vanderkamp, has acquired Florida-based Holland Pump Company, a water handling and pump rental provider, to expand into North America. The deal gives Workdry a presence on the US East and Gulf Coasts.
Quebec family office Atwater Capital has acquired RDC Contrôle Ltée, a Quebec manufacturer of industrial cylinders, actuators and thermocouples founded in 1975. The announcement was made on October 17, 2024.
Wincove Private Holdings and its portfolio company PURGO Holdings acquired valve and actuator maker Valve Solutions, LLC of Alpharetta, Georgia, in an add-on deal initiated by White Oak Partners.