Hugg & Hall Equipment Co. acquired Southern Material Handling Co., a Toyota forklift dealership in Tulsa, Oklahoma. The deal expands Hugg & Hall's Toyota territory to cover all of Oklahoma.
Designatronics, Inc. announced it will acquire the manufacturing facility and business segment of Grobet USA in Cheyenne, Wyoming. The transaction is expected to close by August 1, 2022.
Time Manufacturing Company has completed its acquisition of France Elévateur (FE Group), a European manufacturer of aerial work platforms. The deal adds over 450 employees and facilities across France, Belgium and Spain.
Entegris and CMC Materials received antitrust clearance from China's State Administration for Market Regulation for Entegris' acquisition of CMC Materials. The transaction is expected to close on or about July 6, 2022.
Century Mechanical Holdings acquired Copperhead Plumbing, Heating, Cooling & Electrical, a full-service plumbing, HVAC, and electrical solutions provider based in Bridgewater, New Jersey.
UMC (United Microelectronics Corporation), the world's third-largest semiconductor foundry, has acquired a 9% stake in Chipbond, an LCD driver OSAT (outsourced semiconductor assembly and test) company, forming a strategic partnership.
ICG's North American Direct Private Equity team has completed the acquisition of Seaway Plastics Engineering, a provider of injection-molded components for medical and industrial markets. Financial terms were not disclosed.
Renovare Environmental, Inc. signed a non-binding letter of intent to merge with Harp Renewables and its affiliate Harp Electric Engineering. The transaction is subject to a definitive agreement and shareholder approval.
Mayr-Melnhof Karton AG agreed on June 24, 2022 to acquire ESNT Packaging & Securing Solutions Limited and Essentra Packaging US Inc from Essentra plc for £310 million, subject to shareholder and regulatory approvals.
Mayr-Melnhof Group (MM) has agreed to buy Essentra Packaging from Essentra plc for a cash and debt free consideration of GBP 312 million. Essentra Packaging has 21 plants in 10 European and North American countries, and closing is expected in Q4 2022.
China's second-largest steelmaker Anshan Iron & Steel Group (Angang) is planning to acquire Lingyuan Iron & Steel Group, which will increase Angang's annual crude steel output to over 61 million mt. The acquisition is in the planning stage and needs government approval.
Industrial Service Solutions (ISS) acquired full ownership of Servo South, Inc., a U.S.-based electronic and electromechanical service provider specializing in CNC machinery and automated manufacturing. The acquisition expands ISS's position in the industrial automation sector.
Metal Exchange Corporation acquired Medalco Metals Inc., a U.S. distributor of light gauge aluminum rolled products. Medalco will operate as a division of MEC.
A consortium of Mahindra & Mahindra and ICICI Venture signed a definitive agreement to acquire 100% of Metalcastello S.p.A, an Italian independent gear manufacturer.
Bioventus amended its agreement to acquire CartiHeal, reducing the closing payment to $50 million and deferring $215 million into tranches, with the acquisition expected to close by end of July 2022.
Johnson Controls acquired Tempered Networks, a zero-trust cybersecurity provider based in Seattle, Washington, to secure building data from edge to cloud using Airwall technology.
Fujirebio, a subsidiary of H.U. Group Holdings, acquired ADx NeuroSciences NV for 40 million euros. ADx NeuroSciences becomes a wholly owned subsidiary of Fujirebio Europe NV. The deal is expected to close in July 2022.
ADCURAM Group sold its stake in WOUNDWO Group, a sun protection solutions provider based in Graz, Austria, to the French industrial group SFPI Group. The transaction is subject to antitrust approval and expected to close by end of July 2022.
Schulthess Maschinen AG acquired a majority stake in GMP SRL of Pieve di Soligo, Italy, effective 23 June 2022. No value was disclosed.
Red Arts Capital has acquired Coregistics, a packaging services provider. The article reports the deal on 23 June 2022 and gives no value.
Packaging maker Schur Flexibles has been taken over by a consortium of banks and funds including Apollo, Capital Four, Guggenheim and Palmer Square. The restructuring includes a debt haircut of up to 75 percent, about EUR 400 million, and EUR 150 million of fresh capital.
Ansteel Group is planning to merge with Lingyuan Steel Group, the controlling shareholder of Lingyuan Iron and Steel Co., which may result in a change of controlling shareholder for Lingyuan Steel.
Crusoe Energy Systems LLC acquired Easter-Owens Electric Co., a manufacturer of modular data centers and specialized electrical systems, to vertically integrate data center design and manufacturing capabilities.
Exponential Power, Inc. acquired MaeTec Power, Inc., a provider of DC power services for telecom and broadband industries, expanding its national reach. This is Exponential Power's third acquisition in four months.
BM Group of Companies acquired LE Steel Fabricators, a structural steel fabricator, including its industrial property, warehouse and equipment.
OneWater Marine signed a definitive agreement to acquire Ocean Bio-Chem, a supplier of marine appearance and maintenance products, for approximately $125 million in an all-cash transaction.
Bio-Techne Corporation reached an agreement to acquire Namocell, a provider of single cell sorting and dispensing platforms, to complement its Cell and Gene Therapy franchise.
Evoqua Water Technologies signed a definitive agreement to acquire Smith Engineering, a provider of custom high purity water treatment equipment, to enhance its portfolio and expand its North American service footprint.
Core Industrial Partners portfolio company Re3Dtech acquired GoProto, a provider of custom manufacturing services, to form an additive manufacturing platform focused on production parts using Industry 4.0 capabilities.
Sivers Semiconductors has completed the integration of MixComm, creating a global challenger in 5G, SATCOM and radar. The integration entails synergies of approximately SEK 10 million per year.
Danish EMS provider GPV is merging with Swiss-headquartered Enics. The combined business is valued at over DKK 4 billion (EUR 537.7 million), with Schouw & Co. holding 80% and Ahlström Capital 20%.
Delta Med, Italian leader in vascular access devices, acquired a 100% stake in Adria Med, a leader in elastomeric infusion pumps. Adria Med's shareholders will reinvest in the group.
AZZ Inc. will contribute its AZZ Infrastructure Solutions segment to a joint venture and sell a 60% interest to Fernweh Group at an implied enterprise value of $300 million. The transaction is expected to close before end of 2022.
Danish pump manufacturer DESMI has signed a definitive agreement to sell a majority stake to private equity firm One Equity Partners (OEP). DESMI is headquartered in Nørresundby, Denmark, and employs nearly 1,000 people.
Select Milk Producers has acquired Mill Haven Foods, a custom blender and packager of dry dairy ingredients. The acquisition was announced on June 21, 2022.
Leonardo DRS Inc. and RADA Electronic Industries Ltd. entered into a definitive agreement to merge in an all-stock transaction. RADA shareholders will own approximately 19.5% of the combined company, which will retain the name Leonardo DRS and trade under the symbol 'DRS'.
IMCD N.V. signed an agreement to acquire 100% of Welex S.A. Holdings (China) Limited, a specialty chemicals distributor in China, for an undisclosed amount. Welex generated revenue of approximately HKD 322 million (ca. EUR 39 million) in 2021 and has 68 employees.
ENPRESS LLC acquired Applied Process Equipment (A.P.E.) of Scottsdale, Arizona, a leader in commercial and industrial water filtration solutions. The acquisition adds vertical integration in water treatment for commercial and industrial applications.
Schweitzer-Mauduit International (SWM) and Neenah announced that the combined company from their pending all-stock merger of equals will be named Mativ, Inc., with expected close around July 1, 2022, subject to approvals.
BIL Group, a UK manufacturer of castors and wheels, underwent a management buy-out backed by PHD Industrial Holdings Limited, giving control to existing directors Tim Murrow, Chris Davies and Roland Mellor. The deal includes investment for growth.
ARCH Cutting Tools acquired New York State Tool, a custom-made solid round carbide tools manufacturer for aerospace and defense, based in Chadwicks, New York. Terms were not disclosed.
Jain Irrigation Systems Ltd. and Temasek-owned Rivulis Pte Ltd. entered definitive agreements to merge Jain's International Irrigation Business with Rivulis, creating a global irrigation and climate leader with ~$750 million in revenues. Jain will retain a ~22% stake in the merged entity.
Dalkia, an EDF subsidiary, announced the closing of a purchase agreement to acquire U.S. Chiller Services companies from shareholders including Al Shirawi Group. The companies specialize in operations and maintenance of large cooling production plants in the Middle East and the United States.
Fruit importer IG International and Mumbai-based Esquire Corrugation formed a joint venture, Esquire IG, to manufacture sustainable corrugated carton packaging for fresh produce. The JV targets 500 to 1,000 tonnes of output for domestic and global markets.
Kubota Corporation acquired all shares in Brabender Technologie GmbH & Co. KG, making it a wholly owned subsidiary of Kubota Holdings Europe B.V., to expand in the gravimetric feeder market.
Swiss fibre cement maker Swisspearl Group is acquiring Denmark's Cembrit for an undisclosed sum, creating the second-largest fibre cement producer in Europe. The acquisition is retroactive from January 1, 2022.
Mutares SE & Co KGaA signed an agreement to acquire Heat Transfer Technology (formerly NEM Energy) from Siemens Energy B.V. The company, based in Zoeterwoude, Netherlands, specializes in heat recovery steam generators.
Aggregate Industries completed the acquisition of two cement plants (Cookstown and Cauldon), a quarry, and a cement terminal from Lafarge, as part of the LafargeHolcim merger. 250 employees transferred.
Nippon Paint Malaysia acquired CMI Construction Material Industry Sdn. Bhd. and CMI Marketing Sdn. Bhd., manufacturers of cementitious dry-mixed products, to strengthen its total coating and construction solutions offering.
Axcel merged Logimatic with Picca Automation to form a Nordic automation group. Logimatic designs electrical and SRO systems, SCADA systems, PLC controllers and communication networks.