B&G Foods has acquired the frozen vegetable manufacturing operations of Growers Express, including inventory, equipment, a sublease for a facility in Yuma, Arizona, and a lease for a warehouse in San Luis, Arizona. Approximately 155 employees will transfer to B&G Foods.
Valeo Foods, based in Dublin, Ireland, has acquired Industries Bernard et Fils, a maple syrup bottler and processor in Saint-Victor, Quebec. The operations and workforce will remain in Quebec, and the company will become Valeo's first North American platform.
MaxLinear has entered into a definitive agreement to acquire Silicon Motion in a cash and stock transaction valued at $3.8 billion. The combined company will have an enterprise value of $8 billion.
Cox Engineering announced its acquisition of US Air Conditioning-Heating, Inc., a Weymouth-based HVAC servicing company. US Air will continue to operate as a division of Cox Engineering.
Rambus Inc. announced it has signed an agreement to acquire Hardent, Inc., a leading electronic design company, to accelerate development of CXL processing solutions for next-generation data centers.
J.H. Fletcher & Co reached an agreement in principle to acquire the Cannon Mining product lines from Lake Shore/Trident, including underground mining equipment such as jumbos, bolters, and scalers. The acquisition is expected to close in May 2022.
Latécoère S.A. acquired Avcorp Industries Inc. for $139 million via a court-approved plan of arrangement. Avcorp, an aerostructures supplier with over 450 employees, produces components for aircraft like the F-35 and B737 Max.
Mediso Ltd acquired Bartec Technologies Ltd, a UK-based supplier of nuclear medicine and molecular imaging equipment. The acquisition strengthens Mediso's market position in the UK and Ireland; financial details were not disclosed.
CONMED Corporation announced a definitive agreement to acquire In2Bones Global for $145 million at closing plus up to $110 million in earnout payments. In2Bones develops medical devices for extremities surgery.
Knauf Insulation, part of the German Knauf Group, acquired Romanian glass mineral wool factory Gecsat in Târnăveni, Mureș County. The deal was cleared by the competition body on May 4, 2022. The price was not disclosed.
Embraer sold its wholly owned subsidiaries Embraer Portugal Estruturas Metalicas (EEM) and Embraer Portugal Estruturas em Compositos (EEC) to Aernnova Aerospace for USD $174 million. The deal was completed on May 4, 2022.
Summit Interconnect, majority-owned by Lindsay Goldberg, has announced the acquisition of Royal Circuit Solutions, a provider of quick-turn, advanced technology prototype printed circuit boards.
Gentherm has entered into a definitive purchase agreement to acquire the automotive business of Alfmeier Präzision SE, a leader in automotive lumbar and massage comfort solutions, for an undisclosed amount. Alfmeier generated €232 million in revenue in 2021.
good natured Products Inc. entered a definitive agreement to acquire the business and operating assets of FormTex Plastics Corporation, a Houston custom plastic packaging manufacturer, for $4.8 million USD cash, subject to closing adjustments.
Gallagher Fluid Seals, Inc. has acquired IEQ Industries, a global distributor of new, used and remanufactured pumps and pump parts. The deal value was not disclosed.
House of Design LLC announced a definitive agreement to acquire Go West Robotics Inc., a software developer for industrial automation and robotics. The acquisition aims to strengthen House of Design's robotic engineering and software capabilities for the construction sector.
Huvis, through its investment subsidiary Huvis Global, signed an agreement to purchase a 25% stake in Soliyarn, a US advanced smart textile startup. The deal was announced on May 3, 2022.
Elastec, Inc. acquired the entire product line and assets of Kepner Plastics Fabricators, Inc., a custom plastic fabricator and oil spill response equipment manufacturer, as of April 29, 2022.
BEUMER Group, based in Beckum, Germany, has taken over fellow German company FAM GmbH, a major supplier of conveyor systems and loading technology, with closing expected by end of May 2022.
Swecon Anläggningsmaskiner, part of the Lantmännen group, acquired the rental company Kewab Rental to broaden its operations and meet increasing rental demand in the construction industry.
Jungheinrich AG has acquired Industrial Truck Sales New Zealand Forklifts (ITS Forklifts), its exclusive partner for over 25 years, establishing its 41st direct sales company in Auckland, New Zealand.
ADNOC has entered an agreement to purchase Mubadala Investment Co.'s entire 25% interest in Borealis AG, becoming co-owner alongside OMV AG (75%). The transaction is subject to regulatory approvals.
Stelpro Group acquired Métal BF, a custom metal parts manufacturer in Terrebonne, Québec. Production will continue at the existing plant with plans to increase capacity.
Carel Industries acquired a further 30% stake in Arion from Bridgeport, increasing its total shareholding to 70%. The consideration was approximately €1.2 million.
Medartis Holding AG completed the acquisition of Nextremity Solutions Inc. for up to $70 million, including milestone payments. The deal was announced on March 7, 2022.
IBA (Ion Beam Applications S.A.) has acquired Modus Medical Devices Inc., a Canadian company based in London, Ontario, specializing in phantoms for radiation therapy quality assurance. The acquisition strengthens IBA's dosimetry operations in North America and adds complementary products.
Basler AG plans to acquire a 25.1% stake in i2S's distribution business and establish a joint venture named Basler France, effective July 1, 2022, with an option to buy the remaining 74.9% by July 1, 2024.
Micross Components, Inc. acquired the High-Reliability Discrete Diodes and Assemblies business of Semtech Corporation, headquartered in Reynosa, Mexico, to expand its high-reliability product manufacturing capabilities.
Smurfit Kappa UK Limited acquired Atlas Packaging, an independent corrugated packaging provider based in Barnstaple, North Devon. The business serves shelf-ready packaging, gift boxing and e-commerce customers. Financial terms were not disclosed.
DXP Enterprises completed its acquisition of Cisco Air Systems, a distributor of air compressors and related products. Financial terms were not disclosed.
Christopher Naidoo, founder of Sigma Holdings Group, acquired all of Adam Electronics, an electronic manufacturing company in Madison Heights, Michigan. The binding agreement closed on May 2, 2022.
Aernnova completed the acquisition of all shares of Embraer Metálicas and Embraer Compósitos in Évora, Portugal, for approximately US$174 million, making the units Aernnova's largest production centers.
TDI Refrigeration acquired Spears Refrigeration, an HVAC contractor in Arlington, Texas. The transaction closed on May 2, 2022.
AGCO, a manufacturer of agricultural machinery, acquired JCA Technologies, a developer of autonomous software for agricultural machines. The acquisition was announced on May 2, 2022.
The Winning Group a.s. has acquired the assets of insolvent automotive supplier Räuchle GmbH & Co. KG as of May 1, 2022. Business operations will continue under the newly founded company Winning CoFo – Räuchle GmbH at the Dietenheim location.
Fidelity Building Services Group has added H.E. Neumann Company, a full-service mechanical contracting firm serving West Virginia, Ohio, and Pennsylvania, to its portfolio of companies in the technical building services space.
Textron Aviation has acquired Mistequay Group, a Saginaw, Michigan-based supplier of ball screw assemblies, gear systems, and actuator components for aerospace and defense OEMs. Mistequay will be renamed AeroMotion by Textron Aviation.
Eaton has signed an agreement to acquire a 50% stake in the circuit breaker business of Jiangsu Huineng Electric Co., Ltd., which manufactures low-voltage circuit breakers in China. The transaction is expected to close in the third quarter of 2022.
Caverion has signed an agreement to acquire the business of Kaldt og Varmt AS in Askim, Norway. The target has five employees and is expected to add annual revenue of around NOK 10 million.
Bower's Heavy Haulage is set to acquire Hogan's Heavy Haulage, a heavy haulage company in the Hunter Valley, New South Wales, specializing in transporting mining machinery and heavy industrial components. Settlement is targeted for the end of May 2022.
Advanced Drainage Systems has acquired Cultec, a family-owned technology leader in stormwater and on-site septic wastewater products. Cultec designs and sells plastic chambers and related products.
Wieland has acquired Totall Metal Recycling, a recycling industry leader in Granite City, Illinois, that processes approximately 100,000 tons of scrap per year including copper and electronic scrap. The acquisition expands Wieland's recycling capabilities in North America.
Funds advised by SK Capital Partners have acquired Florachem Holdings, a manufacturer of natural plant-based ingredients including citrus, pine, and specialty rosin resins. Florachem is also completing a new food-grade manufacturing facility.
Groupe Stelpro, a leader in electric heating, has acquired Métal BF, a custom metal parts manufacturer in Terrebonne, Quebec. Métal BF will maintain independent operations and increase production capacity.
Swiss pump maker MAAG Group, part of Dover, merged with AMN DPI, a Normandy-based designer and manufacturer of polymer granulation tools. The deal was advised by Largillière Finance; no value was disclosed.
Voltas Ltd executed a joint venture agreement on April 30, 2022 with Highly International (Hong Kong) to manufacture inverter compressors, motors and parts in India. Highly International will hold 60 percent, and the JV will have Rs 250 crore of equity capital. Completion is subject to approvals including Press Note 3 clearance.
OTC Industrial Technologies has acquired ePUMPS, a pump, mechanical seal, vacuum system and compressor provider headquartered in Tulsa, Oklahoma, with 28 employees and three locations. ePUMPS joins OTC's Pump Motor Technology Group.
Krahn Chemie GmbH merged its subsidiaries Ampho Chem AB and Pemco Additives AB into a new entity, Krahn Nordics AB, headquartered in Gothenburg, Sweden, effective May 1, 2022. The merger bundles distribution of industrial chemicals and specialty chemicals in the Nordic region.
Kari-Out announced earlier in May 2022 the acquisition of Paper Bags USA, based in New Brunswick, NJ.
Power Grid Corporation of India (PGCIL) will acquire IL&FS Energy Development Company's (IEDCL) 77,30,225 shares in Cross Border Power Transmission Company Limited (CPTCL). The board approved the proposal on May 1, 2022.