NewCo Plastics, a portfolio company of White Wolf Capital, acquired PM Mold Company, a custom plastic injection molding manufacturer in Schaumburg, Illinois. The acquisition was announced on August 31, 2022.
Toyo Aluminium and UACJ Foil signed a basic merger agreement to combine operations on April 1, 2023. JIC Capital will hold 80% of the new company's voting rights and UACJ will hold 20%, with the aim of strengthening competitiveness in aluminium foil, especially for lithium-ion battery applications.
Arçelik Anonim Sirketi completed the acquisition of Whirlpool Corporation's Russian business, including a manufacturing site in Lipetsk and sales operations, for approximately €220 million on August 31, 2022.
Rengo's subsidiary Tri-Wall Limited acquired 100% of Corrugated Case Holdings Limited, whose factory in Chesterfield, England makes high-value corrugated boxes.
AURELIUS Growth Investments has acquired a majority stake in MLS Lanny GmbH, a full-service provider of high-precision control and high-pressure valves based in Bad Wildbad, Germany. The company employs about 70 people.
Jiangsu Rongtai Industrial Co., Ltd. announced it will acquire 53% of Hebei Li Zhun Machinery Manufacturing Co., Ltd. for 190.8 million yuan. Li Zhun Machinery is a manufacturer of customized CNC machine tools.
Atlas Steel Products acquired Block Steel Corp. and Samson Roll Formed Products Company. Block Steel is a large aluminized steel processor and distributor, and Samson is a contract roll forming company. The sale was advised by Origin Merchant Partners and completed in August 2022.
FLSmidth & Co. A/S completed the acquisition of the mining business from thyssenkrupp Industrial Solutions AG for an enterprise value of €280 million (reduced from €325 million after excluding Indian operations). The deal was signed on July 29, 2021, and completed by August 30, 2022.
Second Sight Medical completed its merger with Nano Precision Medical in an all-stock transaction, with Nano Precision as the surviving company. The combined entity renamed to Vivani Medical and will focus on developing drug-device medical implants.
Thermal Concepts, a portfolio company of Trivest Partners and Halmos Capital, acquired Irvine Mechanical, an Orlando-based HVAC maintenance and installation services provider for commercial and industrial customers.
Mecachrome Group finalized a merger with WeAre, creating a combined entity with 3,700 employees across 20 production sites in 5 countries, becoming one of the top five French aerospace parts manufacturers.
Newsight Imaging Ltd., an Israeli semiconductor company, signed a definitive agreement to merge with SPAC Vision Sensing Acquisition Corp., valuing Newsight at US$215 million. The combined company is expected to list on Nasdaq under the symbol NSIM.
PET Baltija, a European PET recycler, has acquired Czech textile producer Tesil Fibres to vertically integrate operations and increase recycled material availability.
Texada Software, a platform for the equipment dealer and rental industry, acquired LogiMove, a provider of no-code/low-code mobile applications for field operations. The deal adds mobile workflow capabilities to Texada's rental management platform.
Vision Sensing Acquisition Corp. (VSAC) announced a definitive business combination agreement to acquire Newsight Imaging Ltd., an Israeli semiconductor company developing 3D machine vision sensors and spectral vision chips, valuing Newsight at US$215 million.
Eaton announced it has completed the acquisition of a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd., a Chinese manufacturer of low-voltage circuit breakers.
Kawamura Electric Inc. concluded a capital and business alliance agreement with Syntech Switchgear & Engineering Pte. Ltd. on July 12, 2022, agreeing to transfer 70% of outstanding shares. Syntech will become a consolidated subsidiary by March 31, 2023.
Aetna Group announced the merger with Meypack, a German packaging machinery brand, adding a production facility in North Rhine-Westphalia. The deal strengthens Aetna Group's presence in German-speaking markets.
Trane Technologies agreed to acquire Al-Ko Air Technology Co., Ltd from AL-KO Kober SE, including three manufacturing sites in Germany and China and approximately 800 employees. The transaction is expected to close by the end of 2022.
Schlumberger, Aker Solutions and Subsea 7 agreed to form a joint venture combining Schlumberger's and Aker Solutions' subsea businesses, with Subsea 7 as an equity partner. The deal is subject to closing and will amend the Subsea Integration Alliance.
BENALU Group acquired LEGRAS INDUSTRIES, a French specialist in moving floor semi-trailers, creating the BENALU-LEGRAS Group with a combined turnover of €250 million. LEGRAS INDUSTRIES has annual revenue of about €80 million and employs 250 people.
Sentry Equipment acquired Rebuild-it Services Group, a rebuilder and installer of clarifier drives and thickeners for municipal wastewater treatment applications based in West Jordan, Utah.
Baumit announced the acquisition of SAKRET and Diessner. The three companies will collaborate on product exchange and synergies, with the SAKRET and Diessner brands continuing to operate.
LG Energy Solution and Honda Motor Co. agreed to establish a joint venture to produce lithium-ion batteries in the US, with a total investment of $4.4 billion and annual capacity of approximately 40 GWh. Construction is targeted to begin in early 2023, with mass production by the end of 2025.
Chinese packaging maker Greatview entered into an agreement to purchase the assets of Italy's Alternapak Production, a manufacturer of aseptic carton packs. The facility, which ceased production earlier in 2022, is expected to restart production towards the end of 2022.
medmix has signed an agreement to acquire the entire plastics business of Universal de Suministros in Valencia, Spain, to develop it into a production hub for its Industry segment. medmix expects to invest up to CHF 10 million and create around 180 jobs.
Accenture has completed its acquisition of Eclipse Automation, a provider of customized manufacturing automation and robotics solutions based in Cambridge, Ontario, Canada. Terms were not disclosed.
International Chemical Investors Group (ICIG) has signed a binding put option to acquire the PVC compounds business of Benvic Group from Investindustrial. The business, Benvic Compounds, has annual sales of about €500 million. Closing is expected by end of 2022, subject to regulatory approvals.
Southeast Asia-focused private equity firm Dymon Asia is acquiring RAM SMAG Lifting Technologies Pte Ltd, the Singapore-based spreader manufacturer and unit of German lifting equipment maker Salzgitter Maschinenbau Group. The deal is expected to close by end of September 2022; financial terms were not disclosed.
Essar group signed a $2.4 billion pact to sell port and power infrastructure assets to ArcelorMittal Nippon Steel (AM/NS), including port assets in Gujarat, Andhra Pradesh and Odisha, and two power plants at Hazira. The deal also includes a 50:50 joint venture for a 4 million tonne per year LNG import terminal at Hazira.
LFA Machines, a provider of tableting and encapsulation products, acquired Vivion Inc., a supplier of ingredient solutions, under holding company Operio Group. The acquisition expands LFA's product line and customer reach in North America.
ArcelorMittal Nippon Steel India signed definitive agreements to acquire Essar Group's port and power assets in India for $2.4 billion. The deal includes port assets in Gujarat, Andhra Pradesh, and Odisha, and power plants at Hazira, and a 50-50 JV for an LNG terminal.
Siemens Energy's attempt to sell its Russian turbine business, including subsidiaries SGTT and Siemens Energetika, to Inter RAO is complicated by a Russian decree banning sale of shares in strategic companies. The deal may be frozen.
Sothema, a Moroccan pharmaceutical company, announced a project to acquire a 40% stake in Prodimedic, a Moroccan medical device manufacturer. The acquisition aims to build a local production unit for medical devices at Had Soualem.
Software investor Main Capital Partners has completed the majority acquisition of PLATO AG and iqs Software GmbH, combining them into a new group called PeakAvenue GmbH. The deal creates a leading software group for engineering and quality management with around 140 employees.
Westlake Chemical Corporation announced it has entered into a definitive agreement to acquire Hexion Inc.'s global epoxy business for approximately $1.2 billion. The business, based in Rotterdam, produces specialty resins, coatings and composites for wind turbine blades and automotive components.
TEPCO Power Grid entered into a share purchase agreement to acquire FI1 Limited, which holds minority stakes in the NeuConnect Interconnector Project, a 1.4 GW power link between the UK and Germany.
Strata Products Worldwide LLC acquired the assets and intellectual property rights to Bright Path AI and its artificial intelligence technology.
All4Labels Global Packaging Group acquired Carlucci, an Italian producer of pressure-sensitive labels and packaging solutions for the pharmaceutical industry. The deal was announced on 25 August 2022.
Hyliion Holdings Corp. has entered into a definitive agreement to acquire the KARNO hydrogen and fuel agnostic generator technology from GE Additive. The generator will be integrated into Hyliion's Hypertruck powertrain platform.
Storage Solutions Inc. has acquired EMIT Inc., a controls and automation engineering company specializing in material handling and storage equipment integration. EMIT will continue to operate from its offices in Austin, Texas and Nashville, Tennessee.
Evotec AG is acquiring Central Glass Germany GmbH from Central Glass Co. Ltd. for a purchase price of EUR 1. The acquisition will expand Evotec's clinical and commercial manufacturing platform for small molecule therapeutics in Halle/Westphalia, Germany.
Nordic Group, through its subsidiary Avitools Singapore, has completed the acquisition of all shares in Eratech for $10 million. Eratech provides precision machining and turnkey manufacturing services.
JBT Corporation acquired Alco food-machines GmbH & Co. KG, effective July 1, 2022, to expand its food processing equipment offering, particularly in convenience meal lines and alternative protein technology.
Epiroc has signed an agreement to acquire AARD Mining Equipment, a South African manufacturer of underground mining equipment, for an undisclosed amount. AARD has about 200 employees and revenues of about MSEK 650.
Wilo has acquired FSM Frankenberger GmbH & Co. KG and WSM Walower Stahl- und Maschinenbau GmbH, both specialists in mechanical wastewater treatment technologies, to expand its water management portfolio.
Berlin Packaging has signed a definitive agreement to acquire Bark Packaging Group, a supplier of industrial, flexible and UN-certified packaging. The deal strengthens Berlin Packaging's position in Northern Europe, and Quadrum Capital will exit its minority stake on completion.
Triad Control Systems, LLC announced it has entered into an agreement to purchase certain assets and contracts of CJ Automation and Controls, LLC. The transaction is scheduled to close on or about September 1, 2022.
Azelis, a specialty chemical distributor, announced it will acquire Dagalti, a Turkish distributor of rubber additives. The deal was reported on August 24, 2022.
HMH Holdings B.V. has completed the acquisition of Electrical Subsea & Drilling AS (ESD), a Bergen, Norway-based company holding patents and technology for electronic blowout preventers and rotating control devices.