Houston-based DXP Enterprises has acquired Hartwell Environmental Corporation, a manufacturer's representative of pumps, controls and process equipment for the water and wastewater industry, adding three locations in Texas and Oklahoma. Hartwell had sales of $18.4 million over the 12 months to July 31, 2024.
RMB Corvest and Dlondlobala Capital concluded a management buyout of Nampak Liquid Cartons, Nampak Zambia and Nampak Malawi, which will join the newly formed Diversified Liquid Packaging Group. The deal's value was not disclosed.
Ferndale, Michigan-based ROSS Controls has acquired Master Pneumatic, maker of filter, regulator and lubricator pneumatic air preparation products in Sterling Heights, Michigan. The announcement is dated September 3, 2024.
Atlas Copco Group completed its acquisition of the equity of Anhui NOY Technology Co., Ltd. on September 3, 2024, after agreeing to the deal in July 2024. NOY will become part of Atlas Copco's Scientific Vacuum Division.
Blower-Dempsay Corporation acquired the Corona, California assets of US Display Group, effective August 30, 2024, adding digital printing and high-end graphics packaging capabilities. The facility will be rebranded under Pacificorr Graphics & Displays.
ESPA Group, based in Banyoles, Spain, bought pump and pressure-set distributor Baico Pumps SL to expand its international reach and product range. Baico had annual sales of about EUR 4 million and exports to 18 countries.
Veritiv, a specialty packaging distributor, entered a binding agreement with Orora (ASX: ORA) to acquire its North American packaging distribution and manufacturing business, Orora Packaging Solutions. The deal would strengthen Veritiv's specialty packaging distribution platform in North America. The value was not stated in the excerpt.
Stahl Group is set to acquire Weilburger Graphics, a coatings maker for flexible materials such as paper and cardboard, subject to the usual approvals. The deal strengthens Stahl's packaging coatings business in Europe and globally.
SCF Partners acquired severe-service valve makers DeltaValve and TapcoEnpro from CIRCOR International, announced August 30, 2024. DeltaValve is based in Salt Lake City and TapcoEnpro's primary location is in Houston, Texas.
KTP Kunststoff Palettentechnik and conTeyor International agreed to merge their businesses, creating a sustainable packaging group with expected sales of about EUR 200 million and around 1,000 employees. Completion is expected by year-end, subject to regulatory approvals.
Tapflo UK, a process pump provider in Hampshire, announced the acquisition of TS Pumps, a UK company that supplies, services and repairs industrial pumps and systems. The deal expands Tapflo UK's application coverage and servicing.
A.P. Moller Holding's subsidiary Circle Bidco ApS announced a recommended public cash offer of SEK 230 per share to acquire Concentric AB, a Nasdaq Stockholm-listed maker of pump, fan and fluid power solutions for commercial vehicles.
Hawk Infinity AS acquired 100% of the shares in Nordic Flow AS, a Norwegian turnkey pump systems specialist serving offshore and high-end industries. Nordic Flow founders sold the company, and EY advised on the sale.
Mill Rock Packaging, a Mill Rock Capital portfolio company, acquired the Woodland, California packaging and laminating assets of Everett Graphics, a folding-carton producer. No financial terms were disclosed.
BST Group has acquired Ramco Pumpesystemer, an Oslo-based Norwegian provider of premium sprinkler and fire pump systems, as part of its Nordic expansion. No financial terms were disclosed.
EXAIR has acquired BETE, a spray nozzle and spraying systems manufacturer, under a definitive merger agreement announced August 27, 2024. No financial terms were given.
Swedish Duni Group has acquired a 70 percent stake in Slovenian tabletop products converter SETI d.o.o. of Kranj, a former airlaid tissue customer, with consolidation from 1 October 2024 and SETI net sales of about SEK 100 million.
Fluid power supplier Flowtech has agreed a £350,000 deal to acquire the assets of pneumatics and fluid products provider Thorite, including equipment, vehicles, stock and locations, and has paid off Thorite's £1.7m debt.
Danish packaging group Dansk Træemballage (DTE) has completed the purchase of Glomma Pall AS, a Norwegian pallet manufacturer based in Frederikstad with about 30 employees and annual revenue just under NOK 100 million.
ARI-Armaturen Albert Richter acquired Warren Controls, a control valve company based in Bethlehem, Pennsylvania, to expand its US presence.
Canadian investor Onex is pursuing a majority stake in Fischbach, a cartridge packaging business operating seven production facilities in Germany, the US, Belgium, the UK and Spain. The report is dated 23 August 2024.
PMC Hydraulics Group, under parent Dacke Industri, agreed in July 2024 to acquire the remaining shares of Indian hydraulic distributor Hydroquip Hydraulics, making it 100% owned.
Kitz Corporation decided to absorb its wholly owned subsidiary Toyo Valve Co. through an absorption merger, with the merger effective January 1, 2025, announced August 20, 2024.
Compass Diversified subsidiary Altor Solutions agreed to acquire Lifoam Industries, a temperature-controlled packaging maker with seven US plants, for an enterprise value of $137 million in cash, announced August 19, 2024.
Tri-Wall Limited's North American subsidiary TW America acquired 25% of the equity of South Carolina-based Concept Packaging Group, announced August 19, 2024.
Atlas Copco acquired Integrated Pump Rental, a South African rental provider of dewatering solutions headquartered in Johannesburg with 18 employees.
Emerson announced on August 13, 2024 that it completed the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone, in a transaction valued at approximately $3.5 billion.
Aliaxis signed a definitive agreement on August 13, 2024 to acquire the manufacturing assets of Johnson Controls' CPVC pipe and fittings business for residential and light commercial sprinkler systems, located in Huntsville, Alabama, with annual revenue of about $100 million. Financial terms were not disclosed.
Flowserve signed a definitive agreement to acquire privately held MOGAS Industries, a Houston-based maker of severe service valves, for $290 million plus a potential $15 million earnout. Closing is expected in Q4 2024.
Winters Instruments has acquired CPW Valve & Instrument, a Canadian manufacturer of pressure instruments and accessories based in Edmonton, Alberta. Both companies will continue to operate independently.
ARI-Armaturen completed the acquisition of Warren Controls, Inc., a control valve company based in Bethlehem, Pennsylvania, on 12 August 2024. Financial terms were not disclosed.
Sodeco Valves, part of Thermador Groupe, signed on August 9, 2024 to acquire the business of Vena Contracta, a Belgian maker of specialty industrial valves, for €1 million paid in cash. Vena Contracta reported sales of €1.4 million in 2023.
Coppice Alupack acquired Telford-based flexible packaging maker Sirane and its assets from joint administrators in a secured sale, retaining the Emerald site and 22 remaining employees. Financial terms were undisclosed.
Arkema agreed to acquire Dow's flexible packaging laminating adhesives business, with annual sales of about $250 million, at an enterprise value of $150 million. Bostik will combine the business with its existing flexible packaging presence; the business has manufacturing sites in Italy, the United States and Mexico.
The shareholders of Landefeld Druckluft und Hydraulik and Landefeld Beteiligungsgesellschaft sold their minority interest in the companies to Viessmann Generations Group, with Grant Thornton advising the sellers. The deal was reported on 7 August 2024; no value was disclosed.
Fox Innovation & Technologies has acquired Cotter Holdings Group, a rotating machinery services provider, to expand its field operation capabilities across the US. The deal is expected to take Fox to over $100 million in LTM revenue on a proforma basis.
Heat-Timer Corporation, a supplier of commercial heating controls and energy management systems, has been sold to Leonard Valve Company, a portfolio company of Bessemer Investors. EC M&A acted as exclusive financial advisor to Heat-Timer.
South Africa's Competition Commission approved Guala Closures' proposed acquisition of Astir Vitogiannis, whose subsidiary Coleus Packaging is a major crown cork supplier in Southern Africa. The approval comes with specific conditions.
Sustainable packaging maker Meyers has agreed to acquire substantially all assets of Johnson Printing and Packaging Corporation (JPP) to expand its folding carton business. Financial terms were not disclosed.
Atlas Copco Group has acquired AVT Services Pty Limited, a vacuum pump and system sales and service company headquartered in Sydney with 15 employees, undisclosed price.
Brookfield Asset Management agreed to buy nVent Electric's thermal management segment, including the Raychem and Tracer brands, for a cash price of $1.7 billion. The deal is expected to close by early 2025, subject to regulatory approvals.
Rapid Pump, a Hidden Harbor Capital Partners portfolio company, acquired Metro Pumps & Systems, a pump and motor repair and distribution firm in Edison, New Jersey. The deal expands Rapid Pump's customer base in the NYC-metro area.
The DUBAG-managed LEO III fund acquired Ampack GmbH and Osgood Industries from Syntegon, a CVC portfolio company. Ampack and Osgood make form, fill and seal machines for cups and bottles used in food packaging.
Silgan Holdings has signed a sale and purchase agreement to acquire Weener Plastics Holdings B.V., a producer of dispensing solutions, for an enterprise value of €838 million. Weener operates 19 facilities mainly in Europe and the Americas and had sales of about €450 million.
Robert Bosch GmbH has agreed to buy Johnson Controls International's global HVAC business for residential and light commercial buildings in an all-cash deal valued at US$8.1 billion. The deal includes the air-conditioning joint venture between Johnson Controls and Hitachi.
Dover has acquired Marshall Excelsior Company for $395 million in cash. The Michigan-based flow control component maker will join Dover's OPW Global unit.
Saica Group has reached an agreement to acquire Schumacher Packaging's Polish subsidiary, including two corrugated board plants, two paper mills and three service centres. Completion is pending Polish antitrust clearance; the price was not stated.
Metso has signed an agreement to acquire Jindex Pty Ltd, a Sydney-based private Australian valve and flow control company. The deal is expected to close in August 2024, and the transaction value was not disclosed.
Dover has acquired Demaco Holland B.V., which makes cryogenic flow control components such as valves, couplings and loading arms. Demaco joins OPW's Clean Energy Solutions business within Dover's Clean Energy & Fueling segment. The announcement is dated July 18, 2024.
Wateralia, an Ambienta platform company, has completed its acquisition of Calpeda Pumpen, an established German pump distributor for the water sector. It is Wateralia's fourth buy-and-build deal and strengthens its German distribution network.