WestRock completed its acquisition of the remaining interest in Grupo Gondi for $970 million plus assumed debt. The Mexican business includes four paper mills, nine corrugated packaging plants and six high graphic plants.

Private-equity-backed JPE, a designer of OEM-alternative parts and repair services for commercial aerospace, bought Northeast Aero Compressor, a component repair firm. The article is dated 1 December 2022.

Akers Packaging Service Group acquired SCI Box, a family-owned corrugated packaging business of Mount Vernon, Illinois, founded in 1976. The deal supports Akers' Midwest expansion strategy and adds the Mount Vernon facility.

Addtech Process Technology acquired 100% of Advanced Valve Solutions Holding B.V., a niche provider of engineered high-end valves and steam attemperators for power generation, headquartered outside Amsterdam. The company has 27 employees and annual sales of about EUR 13 million.

Indutrade AB signed and closed the acquisition of all shares in Armaturen Aichhorn GmbH, an Austrian technical trading company supplying industrial valves with about EUR 6 million in annual sales. The company has 17 employees and is located in Krenglbach, Austria.

Dutch can coatings company Diostyl Holding B.V. announced that Mexican firm Grupo Sayer S.A. de C.V. intends to invest in and acquire 50% of Diostyl Holding BV. The deal was reported on January 4, 2023.

Central States Industrial (CSI) completed its acquisition of Sierra Seals, a supplier of hygienic pipe, valves, pumps and related equipment, and Sierra Seals is moving to a new site in Ceres, California. The deal was announced on December 1, 2022, and the acquisition was completed on August 1, 2022.

Corteva signed a definitive agreement to acquire Stoller Group, one of the largest independent biologicals companies in the industry.

COIM acquired the Dutch company Synres to enhance resin production and create a second production hub for esterification products in addition to its Offanengo, Italy site. Local production of Isoexter will start in early months of the year.

Kordsa Teknik Tekstil A.Ş announced the merger of its wholly-owned subsidiaries Axiom Materials Inc and Advanced Honeycomb Technologies Corp into Axiom Materials Inc, effective November 30, 2022, to create synergies in North American operations.

Windings Inc., a manufacturer of precision engineered motors and motor components, acquired McCully Corporation in California on November 30, 2022. The acquisition expands Windings' capabilities and West Coast presence.

Clayton, Dubilier & Rice and Greenbriar Equity agreed to acquire Paradigm Precision from Carlyle and also acquire Whitcraft Group, with plans to combine the two companies into a scaled manufacturer of aviation engine components.

Walsin Lihwa Corporation completed the acquisition of a 70% stake in Cogne Acciai Speciali, with the Marzorati family retaining 30%, creating the largest worldwide producer of stainless specialties long products.

Clayton, Dubilier & Rice and Greenbriar Equity Group announced definitive agreements to acquire and combine Paradigm Precision and Whitcraft Group, creating a scaled manufacturer of aviation engine components. Carlyle will sell Paradigm to the new investor group.

KANSAI HELIOS signed an agreement to acquire 100% of CWS Lackfabrik GmbH, a German powder coatings and resins producer with operations in Germany, USA, Denmark and Poland.

ProMach acquired Ferlo, a Spanish manufacturer of retorts and pasteurizing tunnels, to expand its international presence in the retort segment and strengthen manufacturing capacity.

Tupy S.A. concluded the acquisition of MWM do Brasil for R$855 million, integrating machining, assembly and engineering services and entering the energy and decarbonization sectors.

Sinomach Precision Industry Co., Ltd. (002046.SZ) plans to acquire 8.84% of Chengdu Tool Research Institute Co., Ltd. from Shenzhen Huayue Real Estate and Sichuan Lixie Precision Industry Technology, gaining control of the company.

KKR completed its tender offer for Hitachi Transport System Ltd., acquiring approximately 51.11% of shares. The acquisition will result in KKR owning 100% of HTS through a squeeze-out process, and HTS will be renamed LOGISTEED, Ltd. from April 1, 2023.

Cummins Inc., through its subsidiary Meritor, completed the acquisition of Siemens' Commercial Vehicles business for approximately €190 million. The business supplies high-performance electric drive systems for commercial vehicles and adds nearly 200 employees in Germany, China and the United States.

GEGR announced an agreement to acquire TEC.AL.CO, a technology company in the aluminum and alloy industry for automotive and electrical distribution applications.

Clayton, Dubilier & Rice and Greenbriar Equity Group announced definitive agreements to combine Paradigm Precision and Whitcraft Group, creating a scaled manufacturer of aviation engine components. CD&R-managed funds and Greenbriar will invest in the combined company, with Carlyle selling Paradigm.

AGIC Capital acquired a majority stake in ATEC Pharmatechnik GmbH, a manufacturer of aseptic processing solutions for pharmaceutical and bioprocessing applications. The sellers, founder Hans-Werner Mumm and HANNOVER Finanz Group, will retain a stake, and Mumm will continue as CEO.

KKR & Co. completed a tender offer to acquire approximately 51.11% of the ordinary shares of Hitachi Transport, Ltd. The acquisition was made through a special purpose vehicle, HTSK Co. Ltd. Settlement begins December 6, 2022, and KKR plans to acquire the remaining shares via a squeeze-out, with the company to be renamed LOGISTEED, Ltd. on April 1, 2023.

Nidec Corporation announced it will acquire PAMA S.p.A., an Italian machine tool manufacturer specializing in horizontal boring mills, to accelerate growth in its machine tool business. The acquisition price and completion date were not disclosed.

Jet Parts Engineering, a portfolio company of Vance Street Capital, bought Northeast Aero Compressor (NEACO), a repair business for complex pneumatic, hydraulic and electro-mechanical aircraft parts. The deal broadens Jet Parts' repair services across cargo, commercial and military aviation. Terms were not published.

Private equity firm One Equity Partners has bought pump maker DESMI, headquartered in Nørresundby, Denmark, from its private shareholders. Lincoln International co-advised on the transaction, and the financial terms were not disclosed.

Flowserve agreed to acquire Velan, a Montreal-based industrial valve maker, in an all-cash transaction valued at about $245 million including assumed debt. The deal is expected to close by the end of the second quarter of 2023.

SCG Packaging acquired flexible packaging assets from Cyberprint Group in Thailand through its subsidiary Prepack for Baht 450 million, raising its Thai flexible packaging capacity by 12%. The assets are being integrated at Sinsakhon Industrial Estate, Samut Sakhon.

ATS Corporation has entered into a definitive agreement to acquire IPCOS Group nv, a Belgium-based provider of process optimization and digitalization solutions with six locations across Europe, the US, and India. Financial terms were not disclosed.

Syntron Material Handling, a subsidiary of Kadant Inc., completed the acquisition of Conveyors Plus Ltd., a Canadian provider of belt alignment systems.

ILPRA has signed a binding agreement to acquire 30% of the share capital of Ponapack, a Turkish producer of tray sealers and meat processing equipment, for a total of €1 million (€700,000 for 21% and €300,000 capital increase for 9%).

ChromaScape, LLC has acquired CEL Chemical, Inc., a manufacturer of adhesives and additives for the corrugated paperboard packaging industry, based in Piedmont, South Carolina.

BUVA homecare systemen has acquired Holonite, a producer of composite stone facade and finishing elements. The combined annual revenue is €65 million, with nearly 250 employees.

Salona Global Medical Device Corporation has executed a definitive agreement to acquire the physical medicine assets of Biodex Medical Systems, Inc. for US$5 million in cash at closing plus up to US$3 million in deferred payments.

Mereo Capital Partners and Hyperion Capital Partners have acquired Algus Packaging, a packaging company based in Illinois. The transaction closed on 2 November 2022; financial terms were not disclosed.

Boston Scientific has agreed to acquire Apollo Endosurgery for $10 per share, an enterprise value of approximately $615 million, to expand its endoluminal surgery portfolio.

Robur, a Lyon-based professional kitchen clothing specialist, has acquired its competitor Molinel, tripling its size. InnovaFonds has also entered Robur's capital.

Hidden Harbor Capital Partners acquired Machinery Services Corp. and Rapid Pump & Meter Services Co., based in Paterson, New Jersey, with senior secured credit facilities provided by LBC Credit Partners. The deal was announced on 29 November 2022.

Markert Group acquired 100% of Cross Filtration LLC in Moravia, New York State, on November 28, 2022. Cross Filtration will be renamed Markert USA.

KATEK SE signed a purchase agreement to acquire 100% of Nextek Inc., a US electronics manufacturer with $37M in annual sales and 170 employees. The transaction is expected to close in Q1 2023.

Zhejiang Huayuan Pigment Co., Ltd. and Deqing United Pigment Co., Ltd agreed to acquire a 60% stake in Toda United Industrial (Zhejiang) Co., Ltd. from Toda Kogyo Corp. The transaction is expected to close on December 28, 2022.

Leonardo DRS completed an all-stock merger with RADA Electronic Industries, with RADA shareholders retaining 19.5% ownership and Leonardo S.p.A. owning 80.5%.

PVA TePla AG has fully acquired MPA Industrie SA, a French high-tech process equipment manufacturer specializing in silicon carbide (SiC) coatings and ceramic matrix composites. The acquisition strengthens PVA TePla's position in high-temperature process technologies for the industrial and semiconductor sectors.

Brambles is merging its CHEP China pallets business with rival Loscam in a US$132 million ($197 million) deal. Brambles will hold a 20% stake in the enlarged entity, which will have 20 million pallets and one million automotive containers.

Novvia Group, a packaging distributor backed by Kelso & Company, acquired Innovative Container, a La Mirada, California distributor of plastic, metal, glass and corrugated containers. Financial terms were not disclosed.

SARIA Group and Devro reached an agreement for SARIA to acquire Devro, a leading supplier of collagen casings for food. The combination will bring together two international businesses with complementary product portfolios.

REHAU Industries acquired MEPA – Pauli und Menden GmbH, a sanitary technology manufacturer. MEPA will remain an independent legal entity within the REHAU Group, integrated into the Building Solutions division.

Impresoft Group has acquired 100% of the share capital of Hiteco SpA, an SAP-focused company. The deal includes reinvestment by Hiteco managers in Impresoft Group, and expands Impresoft's presence in central Italy and its focus on the manufacturing sector.

Rubix S.p.A. has completed the merger by incorporation of Barlotti S.r.l., a Sala Bolognese plastics processing company with over 40 employees and annual revenue above EUR 10 million, which Rubix had acquired in March 2020.