Abris Capital Partners is set to sell its stake in Dot2Dot, a premium packaging producer, according to Private Equity International. No buyer, deal value or location was given.
Nightfood Holdings has signed a letter of intent to acquire SWC Group, doing business as Carryoutsupplies.com, a US wholesaler of custom takeout packaging for foodservice, in an all-stock transaction through its subsidiary Future Hospitality Ventures Holdings.
Van Genechten Packaging has signed a deal to acquire 100% of Poland-based DOT2DOT Group, which operates plants in Gdańsk and Warsaw and has annual turnover above 50 million euros. The deal is subject to anti-trust approvals.
Workdry International has acquired Holland Pump Company, a pump rental business with over 1,000 pumps across 15 US sites, backed by Arcus Infrastructure Partners. It will operate as Workdry's North American division.
PSB Industries will acquire 100 percent of ALQP's share capital at €32 per share to merge Quadpack with its Texen business into one group. The combined group, with sales of €350 million, will have industrial presence in six countries.
Antalis GmbH bought Hein Verpackungen GmbH, a family-owned packaging company in Traunfeld, Germany, and assigned it to its Antalis Verpackungen unit. The move is intended to secure the site and existing jobs.
Edwin James Group announced the acquisition of the entire share capital of Pettits Ltd and its subsidiary Motivair Compressors Ltd for an undisclosed sum. Motivair manages about 9,000 compressed air assets for UK industrial, infrastructure, utilities and defence customers, and its 100 employees will be retained.
Japan's Tsurumi Manufacturing acquired the entire share capital of Zenit International SpA, holding company of wastewater treatment equipment maker Zenit Group, based in San Cesario sul Panaro. The agreement was signed on 15 July 2024.
Isem Packaging Group, backed by Peninsula Capital, finalized the industrial integration of Tuscan luxury rigid box maker Bartoli Packaging through subsidiary Industrial Pack. The closing took place in June 2024 and was announced on July 15, 2024.
Spray nozzle maker BETE completed a strategic merger with compressed air and static elimination firm EXAIR, with Northborne Partners as exclusive financial advisor. Financial terms were not disclosed.
Atlas Copco has signed a deal to acquire Anhui NOY Technologies, a China-based manufacturer of vacuum helium leak detectors, which will join its Scientific Vacuum division within Vacuum Technique. No deal value was disclosed.
Private equity firm Agile Capital has acquired a significant minority stake in Berry Astrapak, a South African manufacturer of rigid moulded and thermoformed plastic packaging. The article does not state the deal value.
Honeywell agreed to acquire Air Products' liquefied natural gas process technology and equipment business, including coil-wound heat exchanger manufacturing, for $1.81 billion in cash, about 13x estimated 2024 EBITDA.
Macfarlane Group agreed to acquire foam protective packaging specialist Polyformes in a £11.5 million deal, reported on 8 July 2024.
Smurfit Kappa completed its acquisition of WestRock, forming Smurfit Westrock, which began trading on the NYSE on 8 July 2024. The deal was valued at nearly $12.7 billion when agreed in April 2024.
Ebara group companies Hayward Gordon ULC and EBARA Pumps Canada merged into EBARA HG ULC, which makes industrial pumps and mixers. Scott Turbon Mixer was renamed EBARA Mixers Inc.
South Africa's Competition Commission conditionally approved KSB's proposed acquisition of Davron, Davron KZN and Davron Services, fire protection pumpset makers. The commission found the deal unlikely to substantially lessen competition.
Dacke Industri completed the acquisition of 70% of the shares in Airon Srl, a Rovigo, Italy maker of pneumatic actuators and valves, on 3 July 2024. The existing owners keep the remaining 30%.
Hood Container Corporation agreed to buy the packaging assets of Independent II, LLC, including its corrugated, design and manufacturing operations in Louisville, Kentucky. The transaction is expected to close in the near future.
Atlas Copco Group has acquired Emcovele S.A., a compressor distributor with 49 employees offering sales and service of compressed air technology in Quito and Guayaquil, Ecuador. The purchase price was not disclosed. The announcement was made on 2 July 2024.
OPW, a Dover Corporation company, acquired MEC and its subsidiary Xanik in July 2024, placing Xanik in OPW Fluid Transfer Solutions' Chemical and Industrial Equipment unit. Xanik, based in Mexico City, has now launched a new logo to reflect its integration.
SCG Packaging (SCGP) completed the acquisition of a 90% stake in VEM Thailand, a polymer injection molding maker in Rayong, through its Singapore subsidiary for up to Bt146.2 million (US$4m). The deal was announced on 1 July 2024.
Framatome and TechnicAtome announced the acquisition of Daher Valves from the Daher Group in France. The company, which makes valves for nuclear and defence applications, has reverted to its historic name Vanatome.
Trioworld Group signed an agreement on June 25, 2024 to acquire Sopal SAS, owner of French food packaging companies Palamy and Beaudet et René Jean Emballage (BRJ), through a purchase of all shares. The deal is subject to closing conditions and French regulatory approvals.
Hayward Gordon ULC and EBARA Pumps Canada Corporation amalgamated to form EBARA HG ULC, and Scott Turbon Mixer Inc. was renamed EBARA Mixers Inc., effective June 30, 2024. The changes are based in Halton Hills, Ontario.
Impel Company, backed by Pike Street Capital, acquired Don Pedro Pump, a family-run fluid management and pump provider in Turlock, California. The deal was announced on 27 June 2024.
EXAIR, a maker of engineered compressed air products, has acquired spray nozzle maker BETE under a definitive merger agreement announced June 26, 2024. The companies plan to combine product lines and distribution networks.
TOPPAN Holdings and Toyo Seikan signed a letter of intent to form a joint venture in Sweden to manufacture packaging for automotive lithium-ion batteries, with Toyo Seikan holding 51% and TOPPAN 49%. Operations are expected to start in 2026 or later, with about Y11 billion ($68.6 million) planned investment.
Sonoco Products agreed to acquire Eviosys, Europe's leading food can, ends and closures maker, from KPS Capital Partners for approximately $3.9 billion. The deal is expected to create the leading metal food can and aerosol packaging manufacturer globally.
TOPPAN Holdings and Toyo Seikan will sign a letter of intent to set up a joint venture in Sweden making lithium-ion battery packaging for automakers, with Toyo Seikan holding 51% and a planned total investment of about 11 billion yen.
Piller Blowers & Compressors has held 75.1 percent of Korean joint venture Sunteco since April 1, 2024, which will be renamed Piller Sunteco Ltd; Sunteco focuses on waste heat recovery and industrial heat pumps for petrochemicals.
Kirloskar Pneumatic Company signed a memorandum of understanding on 21 June 2024 to acquire a 54.55% equity stake in refrigeration firm Systems and Components India for around Rs 15 crore in cash.
Tate & Lyle agreed to acquire CP Kelco, a pectin and speciality gums maker, from J.M. Huber for a total implied consideration of US$1.8 billion on a cash-free, debt-free basis.
Lime Rock Partners, together with CEO Gideon Hixon and the A&B management team, announced on June 19, 2024 the management buyout of A&B Valve, a Houston-headquartered valve distributor, installer and actuation provider serving the Permian Basin from Midland, Texas and Carlsbad, New Mexico. The purchase price was not disclosed.
Packaging manufacturer Berkley announced the acquisition of family-owned corrugated sheet plant Sisco Corporation, based in Nashville, Illinois, to expand its in-house corrugated manufacturing.
WestRock stockholders voted to approve the transaction agreement for a combination with Smurfit Kappa, creating Smurfit WestRock. Completion remains subject to conditions, and stockholders would receive one new share plus $5.00 in cash per WestRock share.
Asco Pompe acquired the majority of shares in Mencarelli Pompe e Valvole of Bresso, near Milan, to broaden its fluid handling product portfolio. Guido Mencarelli stays as chairman and retains part of the shares.
Doosan Bobcat decided to acquire 100% of South Korean hydraulic component maker Mottrol for 246 billion KRW. The deal is expected to close in September 2024, subject to KFTC approval.
Fanti Packaging of Bologna acquired a 60% stake in Ocm Imballaggi of Gruaro, Italy, which makes jars for Illycaffè. The founding D'Agnolo family keeps 30%, and Illycaffè raised its stake to 2%. All 220 employees were retained.
Momentum Group, through subsidiary Börjesson Pipe Systems, signed an agreement to acquire 100 percent of Minrox AB, a Swedish specialist in flow technology for abrasive industrial processes. Minrox has about SEK 34 million turnover and operates from Huddinge and Motala. No deal value was disclosed.
Turnspire Capital Partners has acquired Swanson Industries, a Morgantown, West Virginia maker of hydraulic equipment for mining and industrial use, from AEA Investors. The deal also includes Swanson's controlling stake in Tiefenbach North America. No deal value was disclosed.
SupplyOne, a Wellspring Capital portfolio company, has acquired Columbia Corrugated Box Co., which operates in Oregon, Washington and Northern California. Footprint Capital acted as exclusive sell-side advisor. The deal was announced June 2024.
Ourjin (002701.SZ) plans a voluntary conditional cash general offer at HK$7.21 per share to acquire all issued shares of COFCO Packaging (00906), with total consideration capped at HK$6.066 billion (about RMB 5.524 billion). The offer is backed by an irrevocable commitment from shareholder Zhang Wei holding about 22% of the target.
Italian pump maker Mencarelli Pompe e Valvole has become part of the ASCO group, aiming for production and commercial synergies. Guido Mencarelli remains chairman, and the two companies will exhibit together at Achema in June 2024.
INDUS Holding AG closed its acquisition of COLSON X-Cel, a medium-sized maker of industrial valves based in Rotherham, South Yorkshire, on 5 June 2024. COLSON becomes wholly owned by the INDUS Group.
CANPACK S.A. plans to absorb its direct shareholder Giorgi International Holdings S.A. R.L. of Luxembourg by the end of 2024. After the merger, CANPACK Group Inc. of the United States will become a direct shareholder of CANPACK S.A.
Smurfit Kappa signed an agreement to acquire Artemis Ltd., a Bag-in-Box packaging plant in Shumen, Bulgaria, that makes bags, films and caps for food and beverage packaging. The deal expands its presence in Eastern Europe.
Welch Packaging, a custom corrugated products manufacturer, acquired Michcor Container Inc., a corrugated box manufacturer in Grand Rapids, Michigan, founded in 1981. Specific terms were not disclosed. The announcement was made on 2024-06-03.
Interpump Group acquired 100% of the capital of Italian valve maker Alfa Valvole Srl from U.S.-based IDEX Corporation for a total price of EUR55 million. Alfa Valvole generated about EUR28 million in sales in 2023. The deal was announced on 2024-06-03.
Ingersoll Rand acquired Complete Air and Power Solutions (CAPS) of Australia, which provides compressed air and power generation services, as part of a combined roughly $150 million deal for four companies.