Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Motion & Control Enterprises (MCE) acquired Nightwine Valves & Actuation, a Cleveland, Ohio distributor of flow control products such as valves, actuators and regulators serving Ohio, Pennsylvania and Kentucky. The deal was announced on November 1, 2022.
Ipox Chemicals GmbH sold 100% of its shares to Bruno Bock Deutschland Holding GmbH. Ipox is a German manufacturer of epoxy formulations, and Bruno Bock produces organosulfur solutions. The transaction closed on 31 October 2022.
Swanson Industries acquired majority ownership of Tiefenbach North America, a supplier of hose, fittings, and hydraulic components for longwall mining systems. The acquisition was completed on October 31, 2022.
Watlow acquired Eurotherm from Schneider Electric on October 31, 2022. Eurotherm is a provider of temperature, power and process control equipment, employing about 650 people, with headquarters in Worthing, UK and manufacturing in Ledziny, Poland. Terms were not disclosed.
Hatco Corporation, an employee-owned commercial foodservice equipment manufacturer, purchased Food Warming Equipment Company (FWE), a manufacturer of heated holding cabinets and other foodservice equipment with locations in Crystal Lake, Illinois and Portland, Tennessee.
Aksìa Group's Capital V Fund acquired a controlling stake in Gommatex Spalmati, an Italian producer of coagulated and coated fabrics for luxury fashion brands, based in Prato, Italy. The deal is Aksìa's first investment in the luxury goods sector.
Salas O’Brien merged with Zepnick Solutions, an employee-owned engineering and automation design firm based in Green Bay, Wisconsin. Zepnick Solutions provides mechanical, electrical, and process engineering for food, paper, and consumer goods industries.
An investor consortium of three German sand and gravel mining companies took over the business operations of Rohr-Idreco Bagger, effective November 1, 2022. The subsidiary will operate as Rohr Bagger, focusing on clamshell and bucket ladder dredges for the European market.
Celanese Corporation is acquiring DuPont's Mobility & Materials segment for $11 billion. As an interim step, a new company named Performance Solutions will be created on November 1, 2022, to combine the Hytrel and DuPont Teijin Films operations, employing about 340 people.
Vishay Intertechnology acquired MaxPower Semiconductor for $50 million in cash at closing, with up to $57.5 million in contingent payments. MaxPower, a fabless power semiconductor provider, will be incorporated into Vishay's MOSFETs segment, adding SiC and silicon MOSFET technologies.
BASF closed the divestiture of its Quincy, Florida site and attapulgite business to Clariant for $60 million. The deal includes a long-term supply agreement for attapulgite-based products to BASF.
Pinggao Electric announced that its controlling shareholder Pinggao Group plans to transfer its shares to China Electric Equipment free of charge. After completion, China Electric Equipment will become the direct controlling shareholder, while the actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council.
Lancaster-based private equity firm Peak Capital acquired Penn Pump & Equipment, a Hatfield manufacturer and distributor of plumbing and HVAC pumping products, as reported on October 31, 2022.
Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.
MedGyn announced it has completed the acquisition of Thomas Medical from Biomerics ATL, LLC. Thomas Medical manufactures single-use medical devices and accessories for women's healthcare and will operate as an independent division of MedGyn.
RōBEX, a robotics and industrial automation solutions provider, has acquired Vantage Corporation, a Michigan-based industrial robotics manufacturer and integrator. This is RōBEX's first acquisition since being acquired by Angeles Equity Partners.
T.I.E. Industrial purchased the Robots.com and Robotworx brands. No financial terms were disclosed.
Metrika SGR, an industrial private equity firm, has acquired a 70% stake in CMC, an Italian manufacturer of tracked aerial platforms. The capital injection will fund a 12,000 square meter factory expansion, new product development, and international distribution growth.
Nordic Capital, a Finnish private equity firm, has invested USD 300 million in Israeli medical device company Equashield Medical for a 25% stake, valuing the company at USD 1.3 billion. The investment will support Equashield's growth in compounding technologies.
Ypsomed and Mediq signed an agreement for the sale of DiaExpert, a German diabetes specialist and mail-order retailer. DiaExpert has close to 180 employees and specializes in insulin pump therapy.
Minerva Foods Australia, jointly owned by Minerva S.A. and SALIC, will acquire Australian Lamb Company for $400 million. The deal includes a lamb processing facility in Colac, Victoria, and a boning room in Melbourne.
Coalza and IRTA Group have been undergoing a merger to provide better service and support to customers and expand internationally in the packaging machinery market.
Ambienta, a European sustainability investor, has acquired HolwegWeber, a producer of paper bag making machines, and will combine it with its portfolio company In.Pack Machinery. The newly formed group will operate seven production sites and have over 9,000 machines installed globally.
Van Genechten Packaging completed a 50:50 joint venture with UK-based CartonCare Group, which has three packaging companies with three locations in the UK and combined annual turnover of about EUR 30 million.
IMC International Metalworking Companies B.V. signed a joint venture agreement to acquire a 51% stake in NTK Cutting Tools Co., Ltd from NGK Spark Plug Co., Ltd. The transaction is expected to close on April 3, 2023.
Tessolve, a semiconductor engineering solutions provider, acquired Pico2Femto Semiconductor (P2fsemi), a physical design solutions company. The acquisition deepens Tessolve's ASIC design offerings from RTL to GDSII signoff.
Renesas Electronics Corporation announced it has completed the acquisition of Steradian Semiconductors Private Limited.
Geistlich Pharma North America acquired Lynch Biologics, developer of GEM 21S, a recombinant growth factor product for oral regenerative surgery. The acquisition strengthens Geistlich's regenerative product portfolio.
Park Systems, a South Korean AFM manufacturer, acquired Accurion GmbH, a German company specializing in imaging spectroscopic ellipsometers and active vibration isolations. The acquisition was celebrated on October 14, 2022.
Indutrade has signed an agreement to acquire all shares in Danish manufacturer Bramming Plast-Industri A/S (BPI), a producer of engineered foam solutions, for annual sales of approximately DKK 340 million. The acquisition is expected to close in Q4 2022.
Knorr-Bremse has signed investment and cooperation agreements with Chinese e-motor supplier Shanghai Bobang Automotive Technology, acquiring a minority stake of about 13% for a mid-single digit million euro amount. The transaction closed on October 19, 2022.
Cathedral Energy Services acquired the operating assets and personnel of Ensign Energy Services' Canadian directional drilling business for C$5.0 million, paid in shares. The companies also formed a Marketing and Technology Alliance.
ARBO acquired a majority stake in Verco Milano, a refrigeration and air conditioning products distributor based in Milan, Italy. Terms were not disclosed.
Tessenderlo Group's business unit DYKA Group finalized the acquisition of Pipelife France's plant in Gaillon, France, to integrate it into DYKA France. The deal expands DYKA's polyethylene tube production capacity.
YAGEO Corporation has entered into a binding commitment to acquire Schneider Electric's Telemecanique Sensors business for an enterprise value of EUR 723 million (approximately USD 729 million) in an all-cash transaction.
Alliance Electronics has finalized the acquisition of Elekto and TME, electronic subcontractors based in Mayenne, France. The two companies specialize in the manufacture and integration of electronic boards, assemblies and sub-assemblies.
Regal Rexnord Group has agreed to acquire Altra Industrial Motion Corp. for $62.00 per share in an all-cash transaction valued at $4.95 billion. The deal is expected to close in the first half of 2023.
Ingersoll Rand agreed to acquire Airmax Groupe, a French compressed air specialist with about 100 employees and nine locations across France, as part of a combined purchase price of about $86 million announced on 27 October 2022.
Ingersoll Rand agreed to acquire India-based Everest Group and France-based Airmax Groupe for a combined all-cash upfront price of approximately $86 million, plus possible earn-out consideration.
Sky Peak Capital has acquired Hicks Machine, an ISO 9001-certified precision machining services provider, and formed Excelus Manufacturing Solutions as a holding company for its precision machining acquisitions Jarvis and Hicks.
ARC Automotive and Yanfeng Safety officially started their joint venture YFA Automotive Safety in Skopje, North Macedonia, to develop and produce inflators for automotive airbags. The facility spans 22,000 m² with 400 employees, planning to hire 100 more.
Taiheiyo Cement has agreed to buy the cement business of chemicals company Denka for an undisclosed sum. Denka will leave the cement market, and from April 2023 cement from Denka's Omi plant will carry the Taiheiyo Cement brand.
Southeast Asia-focused private equity firm Dymon Asia is acquiring RAM SMAG Lifting Technologies Pte Ltd, the Singapore unit of German lifting equipment maker Salzgitter Maschinenbau Group, for an undisclosed sum.
Sika AG and MBCC Group have asked the UK's CMA to fast-track a remedy for their merger, proposing to sell MBCC's chemical admixtures business in the UK, Europe and several other countries to address competition concerns.
Asian Paints entered into definitive agreements to acquire a 51% stake in Harind Chemicals and Pharmaceuticals Private Limited for approximately Rs. 12.75 crores ($1.5 million), with an agreement to acquire an additional 39% over five years.
A consortium led by Bain Capital, including Japan Industrial Partners and Japan Industrial Solutions, successfully closed its tender offer for Hitachi Metals, a global leader in specialty steel and functional components. The deal is one of the largest private equity investments in Japan.
Turnout Industries completed the acquisition of KIHM Metal Technologies from The Firefly Group.
NLMK Belgium Holdings (NBH) formally concluded the merger with NLMK DanSteel after EU approval, expanding its European plate business to supply the wind energy industry.
Chijet Motor Company entered into a business combination agreement with Jupiter Wellness Acquisition Corp., valuing Chijet's operating companies at $1.6 billion. Expected proceeds of approximately $140.2 million will fund EV development and expansion in China and Southeast Asia.