Ingersoll Rand acquired Del PD Pumps & Gear Pvt Ltd of India, a maker of rotary, twin and triple gear pumps, as part of a combined roughly $150 million deal for four companies.
Ingersoll Rand closed its previously announced acquisition of ILC Dover, a life-science single-use solutions maker, with an upfront cash price of about $2.325 billion, from New Mountain Capital.
Sonoco agreed to purchase metal packaging maker Eviosys from KPS Capital Partners for $3.9 billion, creating a leading global metal food can and aerosol packaging business. Eviosys is expected to generate about $2.5 billion in 2024 revenue.
Green Bay Packaging Inc. has acquired SMC Packaging Group of Springfield, Missouri, a corrugated packaging company with plants in Missouri, Arkansas and Oklahoma. The transaction closed May 31, 2024 and was announced June 6, 2024.
Worthington Enterprises signed an agreement to acquire 100 percent of Hexagon Ragasco, a maker of composite LPG cylinders in Raufoss, Norway, for approximately $98 million, with closing expected around June 3, 2024.
Landefeld, a supplier of pneumatics, hydraulics and industrial components, completed the acquisition of Köly, a German manufacturer of pneumatic rotary actuators. Financial terms were not disclosed.
Triton portfolio company Techouse Group AS has signed an agreement to acquire Eureka Group AS, an Oslo-based maker of water pumps and gensets for offshore installations. The Eureka brand will remain as a separate subsidiary.
Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, acquired S&W Services, Inc., a petroleum service and inspection provider based in Syracuse, New York, adding locations in Syracuse, Rochester and Glen Burnie, Maryland.
Dutch cup and takeaway packaging producers CUPSZ and De Jong Ecocups merged under the CUPSZ brand with investment from Detmold Ventures, an affiliate of the Detmold Group.
Pneumax Group bought 90% of Automationware S.r.l., a newly spun-off mechatronics unit producing high-performance electric actuators, following a split of Automationware in May 2024.
SPG, backed by Altamont Capital, has acquired Clark Foam, a packaging firm. SPG is a provider of protective packaging products. Deal value was not disclosed.
Bangkok Glass, BG Container Glass and Singha acquired a combined 25.1% stake in Bangkok Can Manufacturing from Toyo Seikan in a deal valued at over THB 499 million.
Gores Holdings V entered a business combination with Ardagh Metal Packaging, which will become a standalone listed company. Ardagh Group will still own about 82% after the deal.
DS Smith is set to sell its De Hoop paper mill in the Netherlands to corrugated packaging supplier De Jong Packaging for GBP43m (US$59m).
Mondi bought 90.38% of Turkish corrugated packaging company Olmuksan, following its earlier plan to acquire the shares from International Paper for US$80.6m.
Kenya's Competition Authority approved Ramco Plexus's acquisition of Platinum Packaging, a flexible packaging film maker jointly owned by Ramco Group and Carton Manufacturers. Ramco Plexus will pay Carton about KES500m (US$4.27m) for its 50% stake.
Vancouver-headquartered Wildpack Beverage agreed to acquire Michigan-based Land & Sea Packaging for US$37.3 million, with all employees transferring to Wildpack. Land & Sea brokers about 90 million aluminium cans a year.
French packaging distributor Antalis signed a binding agreement to acquire Pakella, a packaging distributor and manufacturer in Latvia, Lithuania and Estonia with EUR 15 million turnover in 2023. The deal is subject to approval by the Latvian competition authority.
Imperial Dade Canada, backed by Advent International, acquired Canpaco, a custom packaging company based in Woodbridge, Ontario. The deal value was not disclosed.
US packaging provider TricorBraun acquired NSW-based UniquePak, a distributor of glass packaging for the spirits, wine, pharma and food industries, to expand its ANZ presence. The acquisition was reported on 17 May 2024.
ATS Corporation signed a definitive agreement to acquire Paxiom Group, a Montreal-headquartered maker of primary, secondary and end-of-line packaging machines with about 200 employees and roughly $67 million revenue in 2023.
oceansix future paths, through subsidiary Oceansix S.L., bought the business of Finnish reusable packaging firm Original RePack Oy in exchange for shares and a cash payment, with total consideration of about CDN $2.39 million.
ANDRITZ has completed the acquisition of the NAF AB control valves business, adding NAF valves to its Intelligent Instruments portfolio for process control in pulp and paper and other process plants.
Saica Group reached an agreement with the Bertoldo family to become the major shareholder of LIC Packaging, a corrugated board producer in the Brescia province of Lombardy, Italy. The Bertoldo family will remain in management. The announcement is dated May 14, 2024.
BAKO AS, part of Orkla Food Ingredients, signed and completed the purchase of 70% of Kartonage AS, a family-run cardboard packaging and serving solutions maker in Heimdal, Trondheim; the price was not disclosed.
CCL Industries signed a binding agreement to acquire the remaining 50% stake in its Middle East joint venture Pacman-CCL from partner Albwardy Investment, with closing expected in summer 2024.
Deleum Bhd's subsidiary signed a share purchase agreement to acquire a 70% stake in PT OSA Industries Indonesia, a valve distributor and Baker Hughes valve channel partner, for US$7 million.
Wipro Hydraulics signed a definitive agreement to acquire the assets of Canada-based Mailhot Industries, including its JARP Industries unit, a maker of hydraulic cylinders for refuse trucks and snow removal equipment; financial terms were not disclosed.
Progroup has taken over the Sappi Stockstadt GmbH site in Stockstadt am Main and plans a state-of-the-art corrugated base paper plant with around 200 jobs by the end of the decade. Dismantling of the old Sappi plant is expected to finish by the end of 2026.
Oshkosh Corporation signed a definitive agreement to acquire AUSACORP S.L., a privately held Spanish manufacturer of wheeled dumpers, rough terrain forklifts and telehandlers, which will join its Access segment. Closing is expected within 90 days. No deal value was disclosed.
SACMI Group announced the sale of its Beverage Business Unit, a maker of beverage filling, stretch-blowing and labeling systems, to Omnia Technologies; the deal is expected to close by the end of summer 2024.
Mauser Packaging Solutions, through subsidiary BWAY Corporation, completed the acquisition of 100% of the voting shares of Taenza, S.A. de C.V., a Mexican manufacturer of tin-steel cans and steel pails.
UDOR S.p.A. has become majority shareholder of British high-pressure pump maker Hughes Pumps Ltd. The deal adds Hughes products to UDOR's pump range covering 1 to 500 HP and 20 to 2800 bar.
Vessco Water, based in Minneapolis, acquired G.A. Fleet Associates, a New York distributor of pump and process treatment equipment for municipal water and HVAC equipment for commercial markets, based in Rye Brook, New York.
KKR has sent deal books for the sale of Circor International's DeltaValve subsidiary, a Sandy, Utah maker of coke drum unheading valves, with first-round bids expected in May; the business is marketed on $11 million of EBITDA, according to sources.
Groupe Guillin acquired a 49% stake in WOBZ Industries and WOBZ Distribution, French makers of personalized reusable cups and containers with 2023 revenue of EUR 10 million and 60 employees.
Atlas Copco acquired Tecturbo, a Brazilian service company and manufacturer of centrifugal compressor parts based in Campinas, São Paulo State, with 51 employees and about BRL 30 million in 2023 revenue. The purchase price was not disclosed.
Breck Partners has acquired food packaging manufacturer NPX One, which is led by CEO Rudy Cuellar. The article gives no deal value or location.
Momentum Group signed an agreement to acquire 100 percent of Hydjan Oy, a Helsinki-based specialist in hydraulics and pneumatics for industrial customers in Finland. Hydjan has about EUR 1.2 million in annual sales and six employees.
Dow signed an agreement to sell its flexible packaging laminating adhesives business to Arkema, covering five manufacturing sites in Italy, the United States and Mexico. The transaction value is $150 million, and closing is expected by the end of 2024 subject to regulatory approval.
York-based RG Group has acquired Benz Hydraulics, a Wilmington, Delaware hydraulics and pneumatics company, to expand its product offerings and presence in Delaware.
Motion & Control Enterprises (MCE) acquired General Machinery Company, Inc., a Birmingham, Alabama distributor of automation and electrical products, process pumps and compressed air products. GMC will keep its name and operate under its existing leadership.
Investment company Lemnos Capital acquired 100% of Cartonajes Limousin, a corrugated cardboard packaging manufacturer in Tolosa, Gipuzkoa, Spain, and plans to expand its product range and regional markets.
Dürr Group agreed to sell Danish filling-technology subsidiary Agramkow Fluid Systems and its two subsidiaries to Swedish investment company Solix Group, at an enterprise value of EUR 47 million.
Interpump Fluid Solutions UK acquired the entire share capital of Alltube Engineering Ltd for 2.3 million euro, as part of its 2024 UK expansion strategy.
Korona Fund IV, managed by Korona Invest Oy, completed its acquisition of a majority stake in Fredman Group Oy on April 18, 2024, after Finnish Competition and Consumer Authority approval without conditions. Fredman focuses on kitchen products and food packaging solutions.
Rengo integrated the packaging solution businesses of SunTox and Mitsui Chemicals Tohcello into a merged company and acquired a 51.0% stake, making it a subsidiary renamed RM Tochello. The company makes polyolefin films and foam-molded sheets.
Wilo UK acquired Arfon Rewinds Limited, trading as Arfon Engineering Services, to extend its pump installation, repair and maintenance capability in water management. The deal is listed in World Pumps' Q1 2024 M&A review.
ITT completed its acquisition of Svanehoj Group A/S, a Danish supplier of customized critical liquid and cryogenic pumps for the marine sector. The deal is listed in World Pumps' Q1 2024 M&A review.
DXP Enterprises acquired Hennesy Mechanical Sales, a distributor of industrial pumps serving municipal water and wastewater markets in Arizona, New Mexico and West Texas. The deal is listed in World Pumps' Q1 2024 M&A review.