German steelmaker Salzgitter Group has acquired German recycling company Must-Metalle-Container-Recycling GmbH, located near its steel production site in Goslar, Harz region. The acquired company will operate as Harzer Schrott und Recycling GmbH under Salzgitter Group.

Mitsubishi Electric has agreed to wholly acquire Scibreak AB, a Swedish developer of direct current circuit breakers, to strengthen its HVDC system business. The share transfer agreement was signed on February 16, 2023.

Konecranes will sell the Industrial Products business of MHE-Demag to Jebsen & Jessen Group. The deal is expected to close in April 2023, and about 300 employees will transfer.

Scarborough-based packaging firm Duraweld acquired Prima, a Bradford designer and manufacturer of folding cartons, corrugated cartons and PVC products, for an undisclosed sum.

All4Labels Global Packaging Group, a Triton portfolio company, signed an agreement to acquire LabelPress Industria e Comercio da Amazonia in Manaus, Brazil, making it a 100% subsidiary. Closing is subject to regulatory approval; terms were not disclosed.

Samvardhana Motherson Automotive Systems Group (SMRPBV) has agreed to acquire SAS Autosystemtechnik GmbH from Faurecia for an enterprise value of €540 million. The deal is expected to close by Q2 FY24.

Samvardhana Motherson International (SAMIL) announced it is buying SAS Autosystemtechnik, a manufacturer of cockpit modules, from Faurecia for Rs 4,790 crore (€540 million). The acquisition is expected to close between July and September 2023.

Faurecia, a company of the FORVIA Group, received a firm commitment from the MOTHERSON Group to acquire 100% of the SAS Cockpit Modules division for an enterprise value of €540 million. The transaction is expected to close mid-2023.

Huntsman Corp. announced it has secured all regulatory approvals required to complete the sale of its textile effects division to Archroma.

BCPG Public Company Limited, through its new subsidiary BCPG USA Inc., formed a joint venture with Advanced Power to acquire a 49% stake in two entities that own stakes in two natural gas power plants in Ohio, totaling 151 MW owned capacity, for USD 115 million.

Bauking GmbH, part of Building Materials Europe (BME), has acquired Gebhardt Bauzentrum GmbH & Co. KG, a building materials distributor with seven locations in Germany and nearly 300 employees. The transaction is subject to antitrust approval and is expected to close in spring 2023.

GFG Alliance has acquired Aartee Bright Bar (ABB) via a 100% share purchase of Aartee Group Pte Limited. The acquisition aims to save 250 viable steel jobs across the West Midlands, Rugby, Bolton, Southampton, and Newport, and follows ABB's administration due to a creditor dispute.

Röhm has agreed to acquire the Functional Forms business of SABIC, adding polycarbonate sheets and films to its existing PMMA sheets and films portfolio. The combined business will have sales of more than €700 million.

German company Muller agreed to acquire the canned seafood division of Poland's Graal Group, subject to approval by Polish competition authorities. Graal founder Boguslaw Kowalski will step aside after a short transition period.

AXXERON took over the MOOG production site in Luxembourg on 1 October 2024, its first company acquisition outside Germany, to make servo cartridge valves and hydraulic control blocks.

AXXERON Group integrated Hensches GmbH of Mönchengladbach and Kallenbach Elektronik GmbH of Euskirchen into its automation segment, strengthening retrofit, remote maintenance and control cabinet manufacturing.

Electronic Manufacturers Associated (EMA), a distributor of aircraft components, has been sold to a private investor. The acquisition closed on February 16, 2023.

On February 16, 2023, Steuler Group signed a contract to acquire around 75% of British Ancorite Holdings Ltd. and its subsidiaries in three steps by 2024. Ancorite, based near Manchester, specializes in floor coatings, brick linings and GRP piping, with annual sales of £10-15 million.

Brazil-based parts manufacturer Fras-le announced the acquisition of AML Juratek, a UK-based supplier of braking and suspension components, for approximately £18.2 million (around $21.9 million).

INNO-metaal from Eindhoven acquired Koridon Industriële Plaatbewerking from Zaandam on February 16, 2023. Both companies will continue under their own names and management.

RobotPlus formalized a purchase-sale agreement on February 16, 2023, with Grupo Itsme, an international company based in the Netherlands, making Itsme Group the largest shareholder of RobotPlus.

Mexico's Federal Economic Competition Commission (COFECE) approved the acquisition of Manufacturas Vitromex by Mohawk Industries on February 16, 2023. Both companies are manufacturers of ceramic and porcelain coatings.

Dairy and beverage packaging manufacturer Stanpac Inc. acquired JIT Manufacturing Inc., a New Jersey-based company specializing in rotary die cutting, slitting, rewinding and flexographic printing. The deal was finalized on January 31, 2023; terms were not disclosed.

Funds managed by Clayton, Dubilier & Rice and Greenbriar Equity Group completed the acquisition and combination of Whitcraft Group and Paradigm Precision, forming a new company called Pursuit Aerospace, a global manufacturer of complex aircraft engine components.

UniFirst Corporation agreed to purchase Clean Uniform, an independent uniform and workwear provider, for $300 million. The acquisition includes Clean Uniform's 11 locations across Missouri, Illinois, Arkansas, Kansas and Oklahoma.

ICAPE Group acquired 100% of the capital of FIMOR ELECTRONICS, a French manufacturer of human-machine interface solutions and distributor of custom-made technical parts. FIMOR ELECTRONICS had net annual revenue of over EUR 6.2 million in 2021.

Cervi Talotekniikka Oy, a Finnish specialist in ventilation and cooling, acquired Ivaso Oy, which maintains, repairs and renovates ventilation systems and manufactures ventilation equipment. The acquisition strengthens Cervi's services in Southern and Western Finland.

Grupo Legrand announced the acquisition of majority control of Clamper, a Brazilian leader in surge protection devices (DPS). Clamper is based in Lagoa Santa, MG, and has over 600 employees.

Whitcraft merged with Paradigm Precision in February 2023 to form Pursuit Aerospace. Whitcraft manufactures precision parts for aircraft and engine industries.

Faurecia, part of FORVIA, entered exclusive negotiations to sell a designated part of its commercial vehicle exhaust aftertreatment business in Europe and the US to Cummins for an enterprise value of EUR150 million. The sale includes plants in Roermond, Netherlands, and Columbus, Indiana, USA.

ASPEQ Heating Group, backed by Industrial Growth Partners, has acquired the assets of BBC Industries, a Missouri-based manufacturer of infrared electric heaters and heating systems. The deal closed on February 15, 2023.

Dencept Dental acquired the licensing, manufacturing and distribution rights of the entire product portfolio of Beckmer Products, including hands-free dental devices such as Dental RAT, Blue Boa, and Boomer.

Holcim has signed an agreement to acquire FDT Flachdach Technologie GmbH, a manufacturer of thermoplastic roofs, for an undisclosed amount. The acquisition is expected to close in Q1 2023.

Archroma expects to close its acquisition of Huntsman Textile Effects on February 28, 2023. The transaction was first announced on August 9, 2022.

PolyMet and Teck American have completed a 50-50 joint venture, NewRange Copper Nickel, combining their copper-nickel projects in northeastern Minnesota. Each company will infuse $85 million into the venture.

Kanu Equipment has entered into an agreement to acquire Kemach Equipment South Africa, subject to regulatory and internal approvals. Kanu is the largest distributor of Liebherr, Bomag and McCloskey equipment in Africa, and Kemach distributes the same brands in South Africa.

GeoStabilization International acquired Access Limited Construction, a rockfall mitigation specialist based in San Luis Obispo, California, to expand capabilities in slope stabilization and geohazard mitigation.

The Competition Commission of India approved Dalmia Cement's acquisition of cement, clinker and power plants from Jaiprakash Associates for ₹5,666 crore, adding 9.4 mtpa cement capacity.

A&E Conveyor Systems announced a strategic merger with Italy-based Bieffeco Inc., combining their engineering and manufacturing capabilities for the craft brewing industry.

Rockwell Automation completed its acquisition of Plex Systems, a cloud-native smart manufacturing platform, to expand its cloud-based industrial automation offerings.

Evoqua Water Technologies entered into a definitive agreement to divest its carbon reactivation and slurry services business to DESOTEC for approximately $100 million. The deal includes facilities in Pennsylvania, Arizona, and California.

PolyMet Mining Corp. and Teck Resources Limited closed their previously announced joint venture, forming NewRange Copper Nickel LLC, which holds the NorthMet and Mesaba copper, nickel, cobalt, and PGM deposits in Minnesota.

Briggs Equipment has acquired UK materials handling specialists Neckar Forklifts Limited and Maxim GB Ltd from their sites in Windsor and Castleford. The acquisition increases Briggs Equipment's coverage across England.

CSi packaging joins forces with Madern Group, a paperboard packaging post-press converter, to form Madern Industries, with Torqx Capital Partners becoming majority shareholder alongside management.

Italian luxury packaging maker Pusterla 1880, backed by Andera Mid Cap, acquired a business unit of Burt Rigid Box in New York State and the entire capital of Taylor Box in Rhode Island, then merged them into Pusterla US, Inc. The deal was reported on February 15, 2023.

Salas O'Brien has acquired Plus Group, an engineering firm specializing in manufacturing, industrial, chemicals, pharmaceuticals, food & beverage, and agribusiness. The merger creates a combined team of market leaders.

Lorom Holding Co., Ltd., backed by Cornell Capital, has acquired Segue Manufacturing Services, a global contract electronics manufacturer specializing in electromechanical and cable assembly for medical and industrial markets. Terms were not disclosed.

Heritage Color, a subsidiary of Vivify Specialty Ingredients, acquired Reitech Corporation, a manufacturer of water-based pigment dispersions for coatings and graphic arts, effective February 8, 2023.

Shore Capital Partners completed a partnership with Container Services, a custom blow molder of rigid plastic containers based in Hillsboro, Kansas, with a second location in New Castle, Pennsylvania.

Velec Group, a French specialist in food processing solutions, has acquired Multi-Fill, a Utah-based manufacturer of volumetric dosing machines. The acquisition gives Velec its first production footprint in North America.