Swedish engineering firm Trelleborg AB agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR for about $1 billion in cash. The deal is expected to close before the end of 2022.

SK Capital Partners announced that its affiliates have completed the acquisition of Valtris Specialty Chemicals from H.I.G. Capital. Valtris is a global manufacturer of specialty additives and precursors, headquartered in Independence, Ohio.

India Grid Trust (IndiGrid) signed share purchase agreements to acquire 100% stake in Raichur Sholapur Transmission Company Private Limited from Patel Engineering, Simplex Infrastructures and BS Limited for Rs 250 crore. The acquisition is subject to approvals.

SK Hynix completed the acquisition of Key Foundry from Magnus Semiconductor for 575.8 billion won. Key Foundry offers contract production of power management ICs, display driver ICs and microcontroller units with 8-inch wafers.

Decsa, an Italian manufacturer of cooling towers and evaporative condensers for HVAC systems, was acquired by Cofinair on August 2, 2022. The terms of the transaction were not disclosed.

Semtech Corporation announced a definitive agreement to acquire all outstanding shares of Sierra Wireless for $31 per share in an all-cash transaction, representing an enterprise value of approximately $1.2 billion.

Private equity firm Hidden Harbor Capital Partners agreed to acquire Machinery Services Corp and Rapid Pump & Meter Service, Northeast US facility services providers focused on pumps, motors and water infrastructure. Financial terms were not disclosed.

Dazpak Flexible Packaging, owned by H.I.G. Capital, completed its acquisition of Atlapac Corporation, a flexible packaging and pouch converter in Columbus, Ohio. The deal expands Dazpak's flexible packaging business in the Midwest.

Jasper Engineering and FLW Southeast, both manufacturers representatives and distributors, announced a merger on August 2, 2022. FLW Southeast will keep its Marietta, Georgia headquarters and brand.

Bosch Rexroth and Weifu Group plan to form a joint venture in Wuxi, Jiangsu, to develop, make and sell hydraulic products for the Chinese market. Bosch Rexroth will merge its subsidiary Lezhuo Hydraulics into the venture, which still needs regulatory approval.

Percheron Capital, a private equity firm, signed an agreement in August 2022 to acquire a majority stake in McWilliams & Son, a residential HVAC and plumbing services company, to enable national expansion.

FLSmidth has completed the acquisition of thyssenkrupp's Mining business (TK Mining), with final closing on 31 August 2022. The deal creates a leading mining technology and service provider with strength in comminution and in-pit crushing & conveying.

Metro Deutschland GmbH completed the acquisition of the GÜNTHER Group, comprising three commercial kitchen equipment companies in southern Germany, after receiving antitrust clearance. The deal was effective as of August 1, 2022.

SIG completed its acquisition of Pactiv Evergreen's Asia Pacific chilled carton operations (Evergreen Asia), which has production facilities in mainland China, Taiwan and South Korea. The enterprise value was $335 million.

CHIRON Group SE acquired 90% of shares in Croatian company HSTEC, a specialist in high-speed motor spindles for machining. The acquisition expands CHIRON's services in Eastern Europe and its expertise in motor spindle components.

Saint-Gobain completed the purchase of Kaycan, a manufacturer and distributor of exterior building materials in Canada and the United States. The deal allows Saint-Gobain to expand its vinyl offering in the US and become a top siding company in Canada.

Univar Solutions Inc. acquired Vicom Distribución Productos Quimicos, S.L., a regional specialty chemicals distributor in Spain and Portugal, to expand its CASE (coatings, adhesives, sealants, elastomers) portfolio.

Cinven, the private equity firm, agreed to sell Tractel, a height safety solutions provider, to Alimak Group AB for EUR 500 million on an enterprise value basis. The acquisition was announced on August 1, 2022.

REV'IT! Sport International has acquired Vircos, an Italian manufacturer of custom-tailored leather road racing suits, to strengthen its presence in motorsports.

One Equity Partners' portfolio company OMNI Environmental Solutions merged with Purity Oilfield Services to create a combined environmental services and equipment organization. Terms were not disclosed.

Ditch Witch acquired specific assets from River City Manufacturing, including the HydraWheel design of rock saws. The product line will be manufactured and sold under the Ditch Witch name.

UPG Enterprises LLC, through its Electrical Steel Division, acquired Orchid Monroe, a manufacturer of electrical steel laminations and rotor/stator cores for electric motors and generators. The acquisition expands UPG's capabilities in the electrical steel market.

INEOS Styrolution agreed to sell its 61.19% equity interest in INEOS Styrolution India to Shiva Performance Materials, part of the Shiva Group. The transaction triggers a mandatory tender offer and is subject to customary conditions.

Gefran S.p.A. has signed an agreement to sell its drives business division (Business Azionamenti) to Brazilian group WEG S.A. for €23 million. The transaction includes subsidiaries in Italy, Germany, China and India.

Terex Materials Processing (MP) has acquired ProAll, a Canadian specialist producer of mobile volumetric concrete mixers. The acquisition will expand Terex's presence in US concrete markets and create international growth opportunities.

Nikola Corporation will acquire Romeo Power, Inc. in an all-stock transaction valued at approximately $144 million, bringing battery pack engineering and production in-house. Romeo's Cypress, California facility will become Nikola's Battery Center of Excellence.

Colgate-Palmolive agreed to purchase three dry pet food manufacturing plants in the U.S. from Red Collar Pet Foods for $700 million to support its Hill's Pet Nutrition business. The plants are in South Carolina, Oklahoma, and Ohio.

JBT Corporation signed a definitive agreement to acquire Bevcorp, a provider of beverage processing and packaging solutions. Terms were not disclosed.

United Flow Technologies, a portfolio company of H.I.G. Capital, completed the acquisitions of Shape, Inc., Engineered Equipment Solutions, Newman Regency Group, and Southwest Valve & Equipment. Terms were not disclosed.

KANSAI HELIOS Group has completed the acquisition of all assets of Westdeutsche Farben GmbH (wefa), a German coatings manufacturer for the railway industry, based in Essen. The acquisition strengthens KANSAI HELIOS' railway business and German footprint.

Trelleborg Group, through Trelleborg Sealing Solutions, has signed an agreement to acquire MG Silikon GmbH, a German aerospace interiors company specializing in sealing solutions, from Saint-Gobain Group. The transaction is expected to close in Q4 2022.

Beijer Ref has signed an agreement to acquire 85% of EID, a French manufacturer of insulated copper pipes and wholesaler of refrigeration and air conditioning components. EID operates from a 9,000m2 factory in Avignon, France, with annual sales of around €16m.

Walbar Engine Components, a portfolio company of Cornerstone Capital Holdings, acquired the Guaymas, Mexico manufacturing facility of Chromalloy, a Carlyle Group portfolio company. The facility provides precision machining of gas turbine engine components.

CONMED Corporation has announced a definitive agreement to acquire privately held Biorez, Inc. for $85 million at closing, plus up to $165 million in earnout payments. The transaction is expected to close in early August 2022.

Marposs has acquired Jenoptik's non-optical process measuring technology business for grinding machines, formerly known as Movomatic. The acquisition includes facilities in Peseux, Switzerland, and in Ratingen and Ludwigsburg, Germany.

Fortum Turbine and Generator Services (TGS) has completed the acquisition of Generator Service Sweden AB's (GSS) business, a third-party maintenance and repair service provider specializing in generator stator winding and core stacking services. The acquisition strengthens Fortum TGS's position in northern Europe.

Mondi agreed to acquire the Duino mill near Trieste, Italy, from Burgo Group for a total consideration of €40 million. Completion is expected in the second half of 2022, subject to competition clearance.

Ingersoll Rand agreed to acquire Hydro Prokav Pumps (India), a maker of progressive cavity pumps in Coimbatore with about $6 million annual revenue. It is one of three acquisitions announced on 1 August 2022 for a combined cash price of about $35 million.

Ingersoll Rand agreed to acquire Shanghai Hanye Air Purifying Technology, an OEM supplier of compressed air dryers and filters with about $4 million annual revenue. It is one of three acquisitions announced on 1 August 2022 for a combined cash price of about $35 million.

Ingersoll Rand agreed to acquire Holtec Gas Systems, a nitrogen generator manufacturer in Saint Charles, Missouri with about $10 million annual revenue. It is one of three acquisitions announced on 1 August 2022 for a combined cash price of about $35 million.

Van De Velde Packaging acquired Unipap A.S., a Czech maker of industrial corrugated packaging and foam products with about EUR 25 million revenue in 2021. The deal, advised by Adpario Partners, is Van De Velde's first step into the Czech market.

Telit will acquire Thales' IoT cellular module assets, including Cinterion, in exchange for a 25% stake in the new company Telit Cinterion. The transaction is expected to close in Q4 2022.

Wauseon Machine and Manufacturing, Inc. acquired McAlister Design, Inc., a custom designer and manufacturer of automated machinery based in Greenville, South Carolina. The acquisition will allow Wauseon to double its automation sector.

Carrier Global Corporation completed its acquisition of substantially all of Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC) for approximately $900 million. The deal strengthens Carrier's position in the VRF and heat pump markets.

Raslaffan Operating Company, a wholly-owned subsidiary of Qatar Electricity and Water Company (QEWC), completed the purchase of 40% of the share capital of Nebras Power from Qatar Holding LLC for $530 million.

Hanwha Aerospace announced it will acquire the defence business of Hanwha Corporation and absorb its wholly owned affiliate Hanwha Defense, creating a merged defence entity with an enterprise value of KRW1.25 trillion (USD960 million).

Nederman acquired RoboVent, a U.S. industrial air filtration company, for approximately SEK 430 million on a cash and debt-free basis, strengthening its North American position in weld fume extraction.

Softys, a Chilean hygiene products company, agreed to acquire Ontex Group's Mexico business, including a plant in Puebla, for approximately €285 million ($290 million). The deal excludes Ontex's Tijuana facilities.

Hanwha Impact acquired 100% of Hanwha Power Systems from Hanwha Aerospace for 210 billion won, as part of a Hanwha Group restructuring. The deal was announced on July 29, 2022.

Kordsa, a subsidiary of Sabancı Holding, acquired US-based Axiom Materials for USD 181 million. Axiom Materials is a reinforcement technologies company.