Converting Technology, Inc. and Converting Technology Engraving, Inc. were acquired by DFC Manufacturing Group, LLC. Terms were not disclosed. CTI/CTE operations will continue at their facilities in Elk Grove Village, IL and Greensboro, NC.

AXISCADES Technologies' board approved the 100% acquisition of Germany-based add solution GMBH, specializing in automotive solutions for global OEMs, for a total purchase consideration between €4.3 million and €5.5 million.

TJM Electronics will merge with its affiliate company ThermOmegaTech, effective January 1, 2023. TJM will operate as ThermOmegaTech's electronics division.

SKF has completed the acquisition of Tenute Srl, a developer and manufacturer of sealing solutions for industrial applications with approximately 50 employees. Tenute will be integrated into SKF's Seals business.

Valmet acquired NovaTech Automation's Process Solutions business, which specializes in process control and optimization solutions. The terms of the transaction were not disclosed.

WestRock agreed to sell its uncoated recycled paperboard mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million, with closing expected in late 2022 or early 2023.

Flow Beverage Corp. agreed to sell its Verona, Virginia production facility to sports drink maker BioSteel for a deal valued at $19.5 million, with BioSteel becoming a co-packing partner.

Chart Industries signed a definitive agreement to acquire Howden, a global air and gas handling equipment maker, from KPS Capital Partners for $4.4 billion, funded by cash and preferred stock, with closing expected in the first half of 2023.

Greif agreed to buy Lee Container Corporation, a North American blow-molded jerrycan maker with three US plants, for $300 million in cash. Closing is expected by the end of 2022, subject to regulatory clearances.

Zotefoams plc completed the acquisition of the assets and intellectual property of Refour ApS of Skanderborg, Denmark, for a modest cash consideration. Refour's CEO Torben Andersen joins Zotefoams.

Sonoco agreed to buy WestRock's remaining equity in the RTS Packaging joint venture, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash. About 1,100 employees will join Sonoco; closing is expected in the first half of 2023.

TKH Group and Torqx Capital Partners agreed to sell Cable Connectivity Group (CCG) to Infinite Electronics. TKH will divest its 41.5% minority stake, with the transaction expected to close in Q1 2023.

Linxens is acquiring a majority stake in Nile, a Swedish company that makes printed electronics, NFC and wearable solutions for the medical market. The deal aims to boost healthcare wearables development, with Linxens leveraging Nile's expertise and Nile using Linxens' manufacturing footprint.

Manufacturing Technology, Inc. (MTI) finalized the acquisition of Friction Welding Technologies Pvt. Ltd. (FWT), a Direct Drive Friction Welding company in Pune, India, adding 40,000 square feet of space.

Volvo Cars will divest its 33 percent holding in Aurobay to Geely Holding, exiting internal combustion engine development. The transaction is expected to close before end of 2022, with proceeds used for electric motor production in Skövde, Sweden.

Geely and Renault Group signed a non-binding framework agreement on November 8, 2022, to create a new global company with 50-50 equity stakes, developing and supplying hybrid and low-emission powertrains. The new company will operate 17 plants and 5 R&D centers across 3 continents.

Litens acquired a controlling interest in Industrias Dolz S.A., a Spanish maker of automotive water pumps with plants in Spain, China and Argentina. Dolz will keep operating as a separate business under CEO Jesus Dolz.

Waterford, Ireland-based Schivo acquired APN Global and its subsidiary APN Inc., a Quebec maker of AFP valves, fittings and tubing for analytical instruments and minimally invasive surgical devices. The Quebec site will become Schivo's manufacturing centre of excellence.

Ashfield Mill Company, parent of John Spencer (Textiles) Ltd and Ian Mankin Ltd, was sold via a management buyout to Simon Blackley. The deal retains all employees and operations in Burnley and London.

Latécoère S.A., through its subsidiary Albatross Bidco Inc., completed the acquisition of all outstanding shares of Avcorp Industries Inc. for $0.11 per share, taking the company private.

Right Time Group of Companies acquired Northern Air & Mechanical Systems Inc., doing business as 669-Heat, a residential HVAC and hot water services provider in Sudbury, Ontario. This is Right Time's 15th acquisition.

AIC Mines agreed to acquire Demetallica via a share swap, combining AIC's Eloise mine and processing facility with Demetallica's Jericho copper deposit in Queensland, Australia. Demetallica shareholders will own about 21% of the combined company.

LANXESS completed the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL), a Brazilian biocide manufacturer based in Jarinu, São Paulo. The purchase price was not disclosed.

LANXESS signed an agreement to sell its reverse osmosis membrane business, including a plant in Bitterfeld, Germany, to SUEZ. The purchase price was not disclosed.

Competition authorities, including the EU Commission and Indian authority, approved the planned joint venture between Advent International and LANXESS combining DSM's Engineering Materials and LANXESS's High Performance Materials businesses. The transaction is expected to close by early April 2023.

SK Hynix announced it will not jointly acquire ARM, despite previously reviewing strategic options including a joint acquisition. The company cited the high asking price as a reason for abandoning the plan.

PCX Aerosystems completed the acquisition of Timken Aerospace Drive Systems (ADS) in Manchester, Connecticut, expanding its capabilities in aerospace transmission assemblies, gearboxes, and flight critical components.

STARK Group signed an agreement to acquire the Nordic tile company FagFlis Group, including its Swedish subsidiary FF Kakel AB, to expand its tile and flooring business in Sweden and Norway.

Gimv portfolio company E.GRUPPE acquired Control Mechatronics GmbH in Nidderau, Germany, to expand its product range in industrial electrical process measurement and control technology and industrial process automation.

Ritchie Bros. Auctioneers Incorporated announced a definitive agreement to acquire IAA, Inc. in a stock and cash transaction valued at approximately $7.3 billion, including the assumption of $1.0 billion of net debt. The deal creates a leading global marketplace for commercial assets and vehicles.

French company Aprolis, part of Groupe Monnoyeur, acquired Italian companies Movincar and Compagnia Generale Macchine (CGM), which are lift truck dealerships in the ports and material handling sectors. The combined annual turnover is around EUR 70 million.

Indra signed a binding agreement to acquire the Air Traffic Management line of business from Selex ES Inc (Leonardo Group), including navaids manufacturing, to enter the US market and consolidate global leadership.

ORG Technology acquired the China packaging business of Boer Asia Pacific for $250 million, integrating its two-piece can operations and increasing annual capacity from 13.17 billion to 14.24 billion cans over three years.

DiversiTech Corp., a US HVACR component maker, formed DiversiTech Europe by merging with Italian Artiplastic and Rodigas, Belgian Castel Engineering, and its existing UK business. The combined company will make HVACR parts and accessories in Europe.

APO Pumps & Compressors, an Ohio compressed air and pump sales and service firm, acquired PAPSCO, an Ohio-based distributor of filtration and separation equipment for process fluids and water treatment. The deal was advised by Copper Run.

Litens Automotive Group acquired Industrias Dolz S.A., a Spanish manufacturer and distributor of automotive water pumps and powertrain products. Dolz will continue to operate as a separate business led by CEO Jesus Dolz.

Phoenix Asset Holdings, parent of Phoenix Energy Services, completed the share purchase of Rodfather Compression, a compression and mechanical service provider in Edson, Alberta, serving Western Canada.

ETEM, 80% owned by ELVALHALCOR, and COSMOS ALUMINIUM signed an addendum to their strategic cooperation agreement, continuing negotiations for the merger by absorption of ETEM by COSMOS ALUMINIUM.

Invenergy Services, a US-based renewable energy company, entered the Spanish market by acquiring HUSO, a company specialized in wind farm installation, management, and maintenance. The acquisition expands Invenergy's global operational footprint.

MAS Holdings acquired the assets of BAM Knitting (Pvt) Ltd, a fabric knitting and finishing operation in Sri Lanka, and rebranded the venture as TEXO (Pvt.) Ltd. The acquisition enhances MAS' capabilities in knitting, dyeing, and printing for cotton fabrics.

German packaging machinery company Theegarten-Pactec has acquired a strategic stake in Turkish mechanical engineering firm Makrev Packaging, based in Istanbul, to complement its product portfolio in the mid-performance segment.

Pan American Silver Corp. and Agnico Eagle Mines Limited delivered a definitive binding offer to acquire all shares of Yamana Gold Inc. Pan American would acquire Yamana shares, and Yamana would sell its Canadian assets, including the Canadian Malartic mine, to Agnico Eagle. The total consideration includes Pan American shares, US$1.0 billion in cash from Agnico Eagle, and Agnico Eagle shares, valuing each Yamana share at approximately US$5.02.

John Spencer (Textiles) Ltd and Ian Mankin Ltd were acquired through a management buyout by Simon Blackley, the current Managing Director. The businesses will continue to operate from Burnley and London premises under the newly formed Ashfield Mill Group.

Molycop announced the signing of an agreement to acquire Process IQ, a mining technology provider of data analytics, instrumentation and process control solutions. The acquisition expands Molycop's capabilities in leaching, milling and flotation.

Assemblin has acquired MIS Värme & Kyla AB, a company based in Jönköping with annual sales of about SEK 5 million, specializing in installation and service of cooling systems for industrial and retail facilities, as well as heat pumps.

Waste'n WaterTech (WWT) acquired 100% of the shares in Ambio Biofiltration (ABF) effective September 30, 2022, gaining exclusive access to the Canadian market for Neutralox Photoionization and Ambio's Biofilters odour control technologies.

Germany-based The Palm Group acquired family-owned corrugated board maker Orsini Imballaggi, with effect from September 2022. The plant southeast of Milan adds to Palm's production capacity in Italy.

BlackHawk Industrial Supply acquired L.A. Tool & Supply Co., a wholesale distributor of cutting tools and accessories based in Akron, Ohio. The transaction closed on November 3, 2022.

Neumann Bygg, part of STARK Group, signed an agreement on November 3, 2022 to acquire FagFlis-kjeden, a Norwegian and Swedish ceramic tile and accessories chain. The deal includes FagFlis-kjeden's 13 wholly-owned and 12 franchise stores in Norway and three stores in Sweden under FF KakelAB.

Marubeni-Itochu Steel America Inc. (MISA) acquired Worthington Specialty Processing (WSP), a joint venture between Worthington Industries and United States Steel Corp., including its facility in Jackson, Michigan. The deal was all-cash for an undisclosed sum.