Wencor Group, a solutions provider to the aerospace aftermarket, defense and OEM markets, acquired ASC Industries, a distributor of aerospace fasteners, fittings, and hardware based in Arlington, Texas. The acquisition was announced on November 2, 2021.
JBT Corporation acquired Urtasun Tecnología Alimentaria S.L., a Spanish provider of fruit and vegetable processing solutions, for approximately $40 million.
German medical device maker Ottobock announced a deal to acquire 100% of Bay Area-based exoskeleton startup SuitX. Financial details were not disclosed.
Porsche, Bugatti and Rimac form the Bugatti-Rimac joint venture, with Rimac Group owning 55% and Porsche AG 45%. The joint company is based in Sveta Nedelja, Croatia, and started operations on November 1, 2021.
Gimv expands its investment in Verkley by strategically combining it with Baas, creating a national player in underground infrastructure for energy, water and telecom in the Netherlands.
Minda Corporation, part of Spark Minda Group, bought back Stoneridge's stake in their joint venture, taking full control of the automotive instrument cluster and sensors business. The company also announced a $100 million investment plan over three years.
Heska Corporation entered a definitive agreement to acquire 100% of VetZ GmbH, a European leader in veterinary practice information management software, headquartered in Isernhagen, Germany. VetZ has over 70 employees and more than 3,300 veterinary practices as customers.
PT Holdings, LLC acquired K&D Factory Service and Pine Tree Food Equipment for an undisclosed sum. K&D Factory Service is headquartered in Harrisburg, Pennsylvania, and had previously acquired Pine Tree Food Equipment in 2019.
BioSmart, a smart card manufacturer, acquired 100% of TCT, a copper product and heavy electrical equipment specialist, for 26 billion won to diversify its business and strengthen competitiveness.
ProMach, a packaging machinery company, acquired CL&D Graphics and CL&D Digital, providers of flexographic and digital web packaging solutions, to expand its flexible packaging portfolio.
VP Capital, the investment company of the Van Puijenbroek family, has acquired Hydrowear, a Dutch manufacturer of industrial workwear and waterproof protective clothing. The acquisition was announced on 2 November 2021.
DuPont announced it will acquire Rogers Corporation in an all-cash transaction valued at approximately $5.2 billion. Rogers shareholders will receive $277 per share. Rogers will be integrated into DuPont's Electronics & Industrial business unit.
AerCap Holdings N.V. entered a 20-year joint venture agreement with Safran Aircraft Engines to acquire 50% of Shannon Engine Support, making SES a 50/50 joint company between AerCap and Safran.
Kentwood, Michigan-based Land and Sea Packaging agreed to be sold to a Canadian firm in a $37.3 million cash and stock deal.
WILO USA LLC, a subsidiary of WILO SE, acquired the operating business of QuantumFlo, Inc., a maker of pressure boosting and intelligent pump systems based in Sanford, Florida, in an asset deal that closed on September 30, 2021.
CNBM Group has completed the integration of its cement businesses into Xinjiang Tianshan Cement Co., Ltd., injecting 100% equity of China United Cement, 99.93% of South Cement, 95.72% of Southwest Cement and 100% of Sinoma Cement. The transaction scale was 98.1 billion yuan, creating a cement giant with the largest business scale in the world.
PHI Industrial completed the sale of 100% of Hitecsa, a manufacturer of commercial and industrial air-conditioning systems, to Baxi, a subsidiary of BDR Thermea Group.
Beehive Industries, an American manufacturer for aerospace and defense, has acquired Volunteer Aerospace, a Tennessee-based additive and advanced manufacturing provider. Volunteer serves customers including Boeing, Lockheed Martin, and Northrop Grumman.
WeAre Group, advised by Alantra, acquired TARAMM and GAMMA-Tial, two aerospace and defense parts manufacturers in France, adding lost-wax titanium casting capabilities and 90 employees. The acquisition was financed with support from Ace Capital Partners.
BlueCrest acquired Fluence Automation to accelerate growth in e-commerce fulfilment and parcel sortation markets. Fluence will become part of BlueCrest.
Canadian company Abipa Canada Inc. and French ARM Group have merged to create Abipa International, a new aeronautical group specializing in precision machining and assembly of sub-sets. The combined entity has sales of C$100 million and 400 employees.
GE Current, a Daintree company, agreed to acquire Hubbell's Commercial & Industrial Lighting business for $350 million cash. The business generated $515 million in sales in 2020. Closing is expected in Q1 2022.
CATHTIP has been acquired by SYNEO, a precision tooling and machine manufacturer. CATHTIP will continue to operate from southern Utah.
Adani Transmission signed a share purchase agreement to acquire 100% of MP Power Transmission Package-II Limited from REC Power Development and Consultancy for a capex of Rs 1,200 crore.
Chroma Color Corporation has acquired J. Meyer & Sons, Inc., a manufacturer of color concentrates and masterbatches for the medical and pharmaceutical markets. The acquisition strengthens Chroma Color's healthcare business.
SI Group, a performance additives company, has completed the sale of a majority of its global Industrial Resins business to ASK Chemicals, a portfolio company of Rhône Group. The transaction includes manufacturing sites in Brazil, India, and South Africa, as well as licensed technology and tolling agreements.
Herc Holdings Inc. acquired substantially all assets of Reliable Equipment, LLC, a New Hampshire-based equipment rental business with branches in Dover and Londonderry. Terms were not disclosed.
Ovivo Inc. has acquired Cembrane A/S, a Danish producer of silicon carbide flat sheet membranes for water and wastewater treatment, to enhance its membrane technology portfolio.
Rockwell Automation has acquired AVATA, a services provider for supply chain management and Oracle cloud solutions, to strengthen its digital transformation capabilities.
onsemi has completed its acquisition of GT Advanced Technologies, a producer of silicon carbide, to strengthen its SiC capabilities and supply for electric vehicles and energy infrastructure.
Reliance Steel & Aluminum has acquired Merfish United, a master distributor of tubular building products, in one of its larger acquisitions.
Naprotek, a portfolio company of Edgewater Capital Partners, acquired SemiGen, a provider of RF/Microwave products and services. Patriot Capital provided subordinated debt and equity co-investment to support the acquisition.
DKSH signed an agreement to acquire a 70% stake in a joint venture with Chinese specialty chemicals distributor Right Base Chemicals (RBC), with the remaining 30% to be acquired in five years. RBC distributes additives, resins, and colorants for coating and ink applications.
KKR acquired Bettcher Industries, a manufacturer of food processing equipment and aftermarket parts, from MPE Partners. Terms were not disclosed.
CNH Industrial has purchased Italian construction equipment manufacturer Sampierana S.p.A. for €101.8 million. Sampierana manufactures Eurocomach compact and midi excavators and custom undercarriages.
Materion Corporation completed its acquisition of H.C. Starck Solutions' electronic materials business in Newton, Massachusetts for $380 million in cash. The acquired business supplies tantalum- and niobium-based products for semiconductor, industrial, and aerospace & defense markets.
Worthington Industries' Steel Processing segment signed an agreement to acquire Tempel Steel Company, a manufacturer of precision motor and transformer laminations, for approximately $255 million.
Evergreen acquired the Albany, New York (formerly UltrePET) and Amherst, Nova Scotia (formerly Novapet) rPET facilities from wTe Corp. in November 2021.
United Flow Technologies, a platform owned by H.I.G. Capital, completed its acquisition of Tesco Controls, a Sacramento-based control system integrator for water and other sectors. Terms were not disclosed.
Quality Valve, a Mobile, Alabama valve and parts distributor, acquired Griffco Valve of Amherst, New York as of November 15, 2021. Griffco will keep its headquarters in Amherst and plans further investment in inventory and capacity.
Fluitron, an industrial gas compression manufacturer, acquired Bethlehem Hydrogen, a maker of integrated hydrogen compression, dispensing and storage systems based in Northampton, PA, with Ara Partners sponsoring the deal; terms were not disclosed.
Wildpack Beverage agreed to acquire KT Murray Corporation, dba Land and Sea Packaging, an aluminum can brokerage in Grand Rapids, Michigan, for US$26.1 million cash plus shares worth about US$11.2 million. The deal is expected to help Wildpack reach six facilities in 2021.
Avantor completed its acquisition of the Masterflex bioprocessing business from Antylia Scientific, a portfolio company of GTCR and Golden Gate Capital. Masterflex is a manufacturer of peristaltic pumps and single-use fluid transfer technologies based in Illinois.
Neles Corporation completed its acquisition of the valve and pump businesses of Finland-based Flowrox on 1 November 2021. The deal adds 110 employees and mining and metals flow-control products to Neles.
UBEECO Group, a subsidiary of UFP Industries, acquired the assets of Boxpack Packaging in Melbourne, Australia, on 1 November 2021. Boxpack reported trailing 12-month sales of AUD 8.2 million to June 2021.
Bunzl acquired Workwear Express, a UK-based company specializing in customized workwear and promotional clothing with annual revenue of GBP 29 million. The acquisition was finalized in late October 2021.
Combined Metals, through its subsidiary Gibbs Wire & Steel Company LLC (Gibbs Interwire), has purchased the assets of Inter-Wire Products, Inc. (Interwire), uniting two metal service centers in North America.
The merger of Kharkiv-based Turboatom and Elektrovazhmash into a single enterprise called Ukrainian Energy Machines is expected to be completed by the end of 2021, according to Minister Oleksiy Chernyshov.
Midway Mechanical Services, a member of The Midway Companies, has acquired Wood Air Conditioning, an HVAC company in Mount Pleasant, Texas. The acquisition closed October 12, 2021.
Warburg Pincus has agreed to sell a stake in food processing and packaging equipment maker Duravant to Carlyle Group, valuing the company at over $5 billion.