Jindal Aluminium Limited completed a Rs 100-crore acquisition of Indo Alusys Industries Limited's assets, including its extrusion plant in Bhiwadi, Rajasthan, and began production on December 6, 2021. The acquisition adds 14,000 metric tonnes per annum of extrusion capacity.
Storskogen Denmark became majority shareholder of Fremco, a fiber blowing equipment company, with the deal approved on January 5, 2022. The founders reinvested as minority shareholders.
Fairbanks Morse Defense acquired Federal Equipment Company, including its Military and commercial businesses, to expand product capabilities for shipyard, defense, and industrial customers. The acquisition was announced on January 5, 2022.
AMF Bakery Systems acquired Workhorse Automation, Inc. of Kirkwood, Pennsylvania, to combine their automation technologies for bakeries. The acquisition was announced on January 5, 2022.
Heubach Group and SK Capital Partners completed the acquisition of Clariant's Global Colorants Business (Clariant Pigments). The combined business will operate under the Heubach brand, with headquarters in Vienna, Austria.
Trelleborg Industrial Solutions acquired the coated fabrics business of US-based Alpha Engineered Composites, gaining access to heat-resistant silicone coated fabrics. The deal was completed on 30 December 2021.
SIG announced an agreement to acquire Pactiv Evergreen Inc.'s Asia Pacific Fresh operations (Evergreen Asia) for an enterprise value of $335 million. The business supplies filling machines and cartons for fresh milk in China, South Korea and Taiwan.
LINXIS Group, together with its financial sponsor IK Partners, acquired Shaffer, a manufacturer of industrial mixers and process equipment, from Bundy Baking Solutions. The Bundy family will remain as minority owners.
Unibloc Pump, a Kennesaw, Georgia flow control manufacturer, has acquired Standard Pump, a Duluth, Georgia maker of sanitary and industrial process pumps, on January 5, 2022.
Oliver Inc, backed by Pfingsten, has acquired Professional Image, a maker of custom folding carton packaging and an ecommerce provider of specialty stock packaging and accessories.
Tri-Wall has completed its acquisition of the remaining stake in Rosewood Group, gaining 100% ownership in October 2021, and has rebranded all Rosewood sites under its name in the UK. The deal expands Tri-Wall's UK footprint to six sites.
Novvia Group has acquired Rhino Container Inc., a Chino, California distributor of plastic, metal, corrugated and glass packaging products. Financial terms were not disclosed.
Bortek Industries, Inc. finalized an agreement to purchase the operating assets of Carolina Industrial Equipment, Inc. (CIE). CIE will operate as an independent entity as Carolina Industrial Equipment, LLC.
Grundfos and Enaqua management signed an agreement for the management team to purchase all shares of Enaqua, a UV water treatment solutions provider. The acquisition allows Enaqua to strengthen its technology portfolio.
Grupo Lamosa announced the closing of its acquisition of FANOSA, a Mexican leader in expanded polystyrene (EPS) products for construction and packaging. The deal was announced on January 4, 2022.
Adventus Mining completed earn-in mechanics to acquire a 75% ownership stake in the Curipamba copper-gold project in Ecuador from Salazar Resources, with total earn-in expenditures of US$44.1 million.
Geely and Foxconn established a joint venture, Shandong Fujikang Intelligent Manufacturing Co., Ltd., in Zibo, Shandong province on December 27, 2021, with a registered capital of 100 million yuan, each holding 50% shares, to manufacture intelligent vehicle equipment, power electronic components, and integrated circuit chips.
Ag Growth International (AGI) completed the acquisition of Eastern Fabricators, a Canadian specialist in stainless-steel equipment for food processors. The upfront purchase price is $29.25 million, with potential earn-outs of up to $15.75 million.
FourQuest Energy Services acquired Boyle Energy Services & Technology, Inc. (BEST), a US-based provider of pre-commissioning and commissioning services for large-scale energy projects. The acquisition was effective January 1, 2022, and BEST was renamed BEST Energy Services Inc.
Beacon Building Products acquired Crabtree Siding and Supply, a wholesale distributor of residential exterior building materials in Cookeville, Tennessee. The acquisition was effective January 1, 2022.
NSK Americas acquired Alliance Bearing Repair and Reclaim, LLC, a bearing reconditioning service provider based in Alliance, Ohio. The acquisition expands NSK's bearing services capabilities in the Americas.
ABB Robotics and HASCO, a leading Chinese automotive parts supplier, have signed a joint venture agreement (December 30, 2021) to drive smart manufacturing in China's auto industry. ABB will hold a 40% stake. The JV is expected to commence operation in Q2 2022.
Wieland has acquired Busby Metals, a service provider of specialized high-performance copper-based alloys, to expand its global aerospace product portfolio and service network. The transaction closed on December 31, 2021.
Indie Semiconductor completed the acquisition of Symeo GmbH from Analog Devices for $30.4 million on January 4, 2022. The consideration included cash, a promissory note, and an equity-based earn-out.
Brentwood Industries has acquired ENEXIO Water Technologies, a Bochum, Germany-based provider of cooling tower components, dry cooling systems, and water treatment solutions for power plants and wastewater applications. Terms were not disclosed.
Elcowire has signed an agreement to acquire KME's rod and wire assets and business in Hettstedt, Germany, including around 180 employees. The deal will double Elcowire's copper rod capacity to 300,000 metric tons per year.
Altra Industrial Motion has acquired Nook Industries of Cleveland. No financial terms were disclosed.
Udaipur-based SAH Polymers Ltd and FIBCORP Polyweave Pvt. Ltd have merged their operations. The combined entity has three manufacturing units in Udaipur and expects annual revenue exceeding INR 150 crore ($20 million).
Parisi Construction Company has joined the Walbec Group family of companies. Both are third-generation, family-owned heavy civil engineering and construction firms.
Aggregate Industries, a subsidiary of LafargeHolcim, acquired the ready-mix concrete and aggregate assets of Cowden Inc. in Bellingham, Washington. Over 100 Cowden employees will join AI.
EQT VIII fund and Santo Holdings, along with co-investors, acquired the stakes of EQT VI fund and its co-investors in WS Audiology, the number one global pure play producer of hearing aids. Following the deal, EQT VII, EQT VIII, Santo Holdings, the Tøpholm and Westermann families, and minority co-investors will own WS Audiology.
Open Air Group (OAG) acquired Aclima, a Norwegian manufacturer of professional and outdoor merino wool clothing. The acquisition broadens OAG's operations and strengthens its outdoor segment.
Daimler Greater China and BYD Auto Industry signed an equity transfer agreement to realign the structural setup of their joint venture Shenzhen DENZA New Energy Automotive. After the transfer, Daimler will hold 10% and BYD will hold 90% equity interest.
R.W. Beckett has acquired Delavan Spray LTD and Delavan LLC from Collins Aerospace Corp. Delavan is a global designer and manufacturer of spray nozzles for fluid, diesel exhaust, and spray drying systems, operating in Bamberg, South Carolina, and Widnes, UK.
MBK Partners has completed the acquisition of 100% of Dongjin Textile and its affiliate Kyungjin Textile for approximately KRW 780 billion. Dongjin Textile is a global supplier of shoe fabrics to Nike and Adidas.
Stove Kraft will acquire the business and IPR rights of SKAVA Electric Private Ltd on a slump sale basis for Rs4 crore in cash, foraying into low voltage switchgear manufacturing. The company also plans an additional CAPEX of Rs5cr over 3-4 years.
Englander Enterprises, Inc. (EEI) has acquired ESAM, Inc., a provider of custom cable assemblies and electronic sub-assemblies. The acquisition is backed by VergePointe Capital.
Clariant completed the sale of its Pigments business to a consortium of Heubach Group and SK Capital Partners, with a base enterprise value of CHF 805 million before a possible earn-out.
Plastics News reports that Faerch is to acquire Paccor Packaging. The article text provided contains no further details.
Greif agreed to divest its 50% share in the Flexible Packaging joint venture to Gulf Refined Packaging for $123 million in cash, subject to conditions. The deal is expected to close by March 31, 2022.
Adani Group became India's second-largest cement producer in 2022 with its $10.5 billion acquisition of Ambuja Cements and ACC from Holcim. The group will continue using the ACC and Ambuja brands and has no plans to merge the entities.
ADDEV Materials, in partnership with Winterhalder, acquired a majority stake in Dickson Holland, a Dutch specialist in adhesive tapes for construction and industrial markets, to strengthen its position in Central Europe.
In January 2022, Yachuang Electronics acquired a 55% stake in Shenzhen Yihai Nengda Co., Ltd. for CNY 117 million. Yihai Nengda is an agent distributor and solution provider focused on the passive components market.
BWF Envirotec, the filter division of Germany's BWF Group, acquired its long-time Spanish partner ACMA in 2022 to expand its position in air pollution control. ACMA, based in Badalona near Barcelona, produces filter bags with an annual capacity of 120,000 units.
Swiss machinery manufacturer Rotzinger Group AG has acquired Spanish company Packfeeder S.L.U. at the beginning of 2022. The purchase price and further details were not disclosed.
C2Dx, a Michigan-based medical device company, acquired Hemostatix Medical Technologies, a Bartlett-based company that makes a thermal scalpel. The deal closed in early January 2022.
Stretchline Holdings Ltd combined its operations with Stretchline UK and USA in January 2022, adding manufacturing sites in the UK and USA to become the world's largest manufacturer of narrow elasticated fabric.
Ortec strengthened its position in North America with the acquisition of an industrial cleaning company in Canada.
The Ortec Group strengthened its electrical and HVAC engineering activities for energy-efficient building renovation by acquiring the Weetec Group.
The Crespel & Deiters Group completed the integration of Extruded Cereal Products B.V. into its portfolio as of 1 January 2022. ECP, based in Helmond, Netherlands, is a pioneer in extrusion of cereal and protein products. The acquisition includes plans for a new production line and capacity increase.