Spanish packaging group Hinojosa Packaging has sold its Cipasi business, a cellular polypropylene producer based in Masamagrell, Valencia, to Italian group Karton. Cipasi had 2021 revenue of EUR 9 million and 38 employees, all of whom Karton will retain; the value was not disclosed.

Lianying Medical, parent of the MDKMed brand, has completed the full acquisition of Zhejiang Smith Medical Instruments and the Graseby infusion pump brand from U.S. company ICU Medical. The announcement was made on 10 January 2023; no deal value is stated.

Pfaff Werkzeug- und Formenbau acquired a 75% stake in the Z-Automation business unit of Z-Werkzeugbau, forming Pfaff Automation GmbH, to combine expertise in automotive sealing systems and automation.

Creative Liquid Coatings Inc. acquired the assets of CK Technologies from Cascade Engineering. CKT operates facilities in Ohio, North Carolina, and Texas, providing injection molded plastic panels for commercial trucks and buses.

BIA acquired all shares in BIA Plastic and Plating s.r.o. from PVL Groupe Plastivaloire, effective January 1, 2023. The company now fully owns the Nitra, Slovakia site.

Spanish bearings maker Fersa Group has acquired a majority stake in Indian company Delux Bearings Private Limited, a manufacturer of bearings and electromechanical components for machinery and commercial vehicles.

Swiss investor Capvis is acquiring a majority interest in the SCHURTER Group, a producer of electronic components for power supply and input systems, from the founding family. The transaction is expected to close in spring 2023.

Sona BLW Precision Forgings has agreed to acquire at least 54% of shares and voting rights in NOVELIC d.o.o., a Serbian provider of mmWave radar sensors and perception solutions, for EUR 40.5 million.

Deutsche Aircraft Holdings (DAH) has secured a minority interest in DAH Beteiligungsgesellschaft mbH from a joint venture between OHB SE and AFK Enterprise AG, to fund development of the D328eco green aircraft. The transaction is expected to close in Q1 2023.

Normet has agreed to acquire Rambooms Oy, a manufacturer of rock breaker boom systems, and Marakon Oy, a supplier of hydraulic hammers and excavator attachments, which together form the Marakon Group based in Lahti, Finland. The acquisition is expected to close in Q1 2023.

Junttan Oy, a Finnish foundation equipment manufacturer, acquired its UK distributor Junttan UK, based in Newark, UK. The distributor had been authorized since 1996 and led by Mark Pritchard since 2009.

Autoneum has signed an agreement to acquire the automotive business of Borgers Group for an enterprise value of EUR 117 million. The transaction is expected to close in April 2023 following antitrust clearance.

Avicopter (Zhongzhi Co., Ltd.) announced it will acquire 100% of Changhe Aircraft Industry Group and Harbin Aircraft Industry Group from AVIC and AVIC Aerospace, via share issuance. The deal aims to consolidate helicopter R&D and production under A-share listing.

GE HealthCare announced an agreement to acquire IMACTIS, a France-based innovator in CT interventional guidance. The acquisition is expected to expand the reach of IMACTIS's CT-Navigation system through GE HealthCare's global scale.

J2L Holding AB has acquired the Rehobot group, parent of Rehobot Hydraulics and Simson Power Tools, effective 9 January 2023. Rehobot Hydraulics in Eskilstuna makes high pressure hydraulic pumps, cylinders and tools.

Chinese Haowu Group agreed to take a strategic, non-controlling 50% stake in crankshaft maker FEUER powertrain, with put and call options and a basic agreement to form a China joint venture for high-end crankshafts.

Tianqi Lithium, through its joint venture with IGO Ltd, has agreed to buy Australian lithium explorer Essential Metals Ltd for A$136 million ($94 million), including the Pioneer Dome project in Western Australia.

Apex Mills will invest $3.1 million to acquire the former HanesBrands facility in Patrick County, Virginia, retaining 96 jobs and creating 44 new jobs. The company will fulfill contracts for Hanes basic apparel brand.

Material Handling Group USA, sister company of Fraza, acquired Liftec Inc., a forklift dealer based in New Jersey serving New York, New Jersey, and Pennsylvania. The acquisition expands operations outside Michigan for the first time.

TÜV Rheinland signed an agreement to acquire ABB's UK technical engineering consultancy, part of ABB's Energy Industries division. The transaction is expected to close in the second quarter of 2023, integrating around 160 people from two sites in England.

Stein Fibers, a distributor of textile products, acquired Fibertex Corporation's North American fiber operations to expand their fiber product portfolio in North America.

Dorf Ketal Chemicals India Private Limited, through its subsidiary Dorf Ketal FZE, acquired Fluid Energy Group's global Modified and Synthetic acid business including the Triton industrial business. The business had a turnover of approximately CAD 80 million in 2022.

Gustave A. Larson Company and its affiliate Applied Product Solutions entered a partnership with Hajoca Corporation, a large US wholesale distributor of plumbing, heating, cooling and industrial supplies. The deal aims to accelerate Hajoca's growth in the North American HVAC market.

Baxter International Inc. announced plans to spin off its Renal Care and Acute Therapies global business units into an independent, publicly traded company within 12-18 months. It also will explore strategic alternatives for its BioPharma Solutions business.

John Cockerill acquired the cooling activities of Hamon Group in South Korea, including the Hamon brand, to strengthen its presence in Southeast Asia and expand its cooling tower offering.

Atlas-SSI, a North American traveling water screen and bulk material handling manufacturer, has acquired Cooling Tower Valves and Screens LLC of Baton Rouge, Louisiana. The announcement was made on January 6, 2023.

Funds advised by Magnesium Capital and Morgan Stanley Investment Management completed the acquisition of Denmark-based SCADA International on January 5, 2023, following regulatory approval.

Townsend Street Capital completed a majority recapitalization of Swiss American Screw Products, a precision machining company based in Canton, Michigan, serving aerospace, defense, medical, and industrial markets.

Life Science Outsourcing Inc. (LSO) acquired J-Pac Medical, a manufacturing, packaging and sterilization outsourcing partner to medical device and diagnostic companies, headquartered in Somersworth, New Hampshire.

ElvalHalcor, a member of the Viohalco group and sole shareholder of Etem, will join Cosmos Aluminium with a 15% stake, while current Cosmos shareholders hold 85%. The transaction involves the absorption of Etem by Cosmos Aluminium and is contingent on regulatory approval.

Ineos has completed the acquisition of a 50% stake in Shanghai SECCO Petrochemical, an affiliate of Sinopec. SECCO operates a petrochemical complex at the Shanghai Chemical Industry Park with a total capacity of 4.2 million metric tons/year.

Holcim announced it will buy Chrono Chape, a French independent provider of on-site self-leveling screeds. The purchase price has not been disclosed.

Zimmer Biomet has reached a definitive agreement to acquire Embody, a medical device company focused on soft tissue healing, for $155 million at closing plus up to $120 million in milestone payments. The acquisition strengthens Zimmer Biomet's sports medicine portfolio.

Badger Meter, Inc. acquired Syrinix, Ltd., a provider of intelligent water monitoring solutions, for £15 million in cash. The acquisition enhances Badger Meter's smart water capabilities.

Polymer Packaging, Inc. acquired The William-Allen Company, a flexible packaging and container supplier with a 33,000 square foot warehouse in North Canton, Ohio. Terms were not disclosed.

Fundermax took over 100% of Hubregtse B.V., Papiboard B.V. and West Pack Emballasje AS from the Dutch Hubregtse group, effective 3 January 2023. The businesses have about 50 employees and make solid board packaging for the fish industry in the Netherlands and Norway.

PKN ORLEN has finalized the acquisition of a part of Basell Orlen Polyolefins, specializing in the production and sale of low-density polyethylene (LDPE). The transaction was approved by antitrust authorities in Poland and the Netherlands.

George Industries, a portfolio company of Behrman Capital, announced a strategic combination with Alexander Machine & Tool Company (AM&T), a provider of engineered solutions for defense applications. Financial terms were not disclosed.

The European Commission approved the acquisition of joint control of Aubert & Duval by Airbus, Safran and TAC. Aubert & Duval supplies high-end metallurgical products globally.

FTAI Aviation Ltd. and Unical Aviation Inc. completed the acquisition of substantially all assets of iAero Thrust, the only CFM56 engine maintenance and testing facility in the Americas, based in Miami. The facility will be rebranded QuickTurn Engine Center.

Saint-Gobain, through its Chryso business, completed the acquisition of Matchem in Brazil and entered exclusive negotiations to acquire IDP Chemicals in Egypt. Matchem has two plants in Brazil and revenues of €20 million in 2022; IDP Chemicals has one plant in Egypt.

EnviroZyme has entered into a binding agreement to acquire certain wastewater business assets from Novozymes. The acquisition is expected to close in the first quarter of 2023.

Micross Components acquired KCB Solutions, a provider of RF and microwave products based in Shirley, Massachusetts, to expand its proprietary portfolio of high-reliability RF and microwave products.

Holcim subsidiary Geocycle acquired CM Rubber Technologies Inc., the largest tire recycler in northern Michigan, to provide sustainable waste management solutions and supply lower-emissions fuel to the Holcim Alpena cement plant.

Braskem, the largest polyolefins producer in the Americas, acquired taulman3D, a leading 3D filament supplier of nylon, recycled PETG, and PET filaments for aerospace, automotive, healthcare, and other industries. The acquisition doubles Braskem's market share in additive manufacturing.

Ariston Holding N.V. completed the acquisition of 100% of CENTROTEC Climate Systems GmbH, a supplier of heating, ventilation, air-handling and combined heat & power solutions with about 2,500 employees and manufacturing bases in Germany, the Netherlands and Croatia.

J. Sloan & Co. advised on the sale of Arlington, Texas-based water treatment equipment supplier Pumps and Controls to an undisclosed industry buyer. The transaction closed on September 30, 2022, and terms were undisclosed.

Mexican firm Grupo Sayer intends to invest in and acquire 50% of Dutch can coatings company Diostyl Holding B.V., a partnership announced in early January 2023.

Sonoco has signed a definitive agreement to acquire S.P. Holding, Skjern A/S, a Danish paperboard manufacturer, in an all-cash deal estimated at $88 million (675 million DKK).

Ormandy Rycroft Engineering has completed the acquisition of HVAC solutions provider HRS Hevac Ltd and plates and gaskets supplier HeatExchangerSpares.com.