Owen Industries, Inc. acquired the assets of Omaha Steel in Wahoo, Nebraska, gaining a newly built steel foundry to expand its casting solutions for industrial, commercial, nuclear, energy and bridge sectors.
COFCO Engineering & Technology (Zhongliang Gongke) signed agreements to acquire 55% of Dongying Yingchun Precision Machinery and 55% of Hunan Yingchun Siborui Intelligent Equipment for a total of CNY 62.06 million, to expand its equipment manufacturing capabilities.
Strides Pharma Inc. will acquire a manufacturing facility from Endo International plc in Chestnut Ridge, Rockland County, New York, and invest over $42 million to retain 215 employees and add 40 jobs.
Lockheed Martin will acquire Aerojet Rocketdyne in a $4.4 billion merger, bringing together military hardware producers like Lockheed's ATACMS and Aerojet's solid rocket motors, with expected new jobs and expansion in Camden, Arkansas.
Orolia, a leader in Resilient PNT solutions, signed a definitive agreement to acquire Seven Solutions, a Spanish innovator in White Rabbit sub-nanosecond time transfer technology. The transaction is expected to close before the end of 2021.
ZOLL Medical Corporation, an Asahi Kasei company, signed a definitive agreement to acquire Itamar Medical Ltd. for approximately $538 million. Itamar Medical provides home sleep apnea diagnosis solutions.
Triple-S Steel Supply Co. purchased BMG Metals from Descours and Cabaud. BMG is a distributor of steel and aluminum with metal processing services.
DPE Deutsche Private Equity acquired a majority stake in M-Sicherheitsbeteiligungen GmbH, the holding company of Mehler Vario System, a European manufacturer of protective vests and vehicle protective equipment based in Fulda, Germany.
Wavin, a pipes and fittings provider, acquired a facility in Neemrana, Rajasthan from Dura-Line to produce water and gas pipes and fittings, expanding its Indian footprint.
Sverica Capital Management acquired a majority position in Automated Control Concepts, a systems integrator specializing in process control and manufacturing intelligence, on October 22, 2021.
Synalloy Corporation acquired DanChem, a specialty chemicals contract manufacturer with three plants in Danville, Virginia, for $32.95 million. The acquisition closed on October 22, 2021.
Firmatek has acquired Kespry's drone-based aerial intelligence platform, creating new market opportunities for drone-based analytics in mining and aggregates. The transaction closed on October 22, 2021; details are not disclosed.
Azelis, a global specialty chemical distributor, announced the acquisition of 90% of Umongo, a lubricants and metalworking fluids distributor in South Africa. The transaction is expected to close in Q4 2021.
Samsung SDI and Stellantis signed an MOU to form a joint venture to produce battery cells and modules for electric vehicles in North America, with initial capacity of 23 GWh expandable to 40 GWh.
Voith Group has agreed to acquire Siemens Energy's remaining 35% stake in Voith Hydro, making Voith the sole owner of the hydropower equipment joint venture. The transaction is expected to close near the end of Q1 2022.
Packaging Corporation of America agreed on October 22, 2021 to acquire substantially all assets of Advance Packaging Corporation, including a 500,000 sq ft corrugated products facility in Grand Rapids, Michigan, for $189 million in cash.
Hercules Group of Companies acquired Atlantic Crane & Material Handling, a lifting and rigging services company based in Nova Scotia with branches in Saint John, New Brunswick and St. John's, Newfoundland, to strengthen its presence in Atlantic Canada.
Shanghai Motor Vehicle & Auto Parts Co. Ltd (SMVAP) acquired the insolvent German automotive supplier Gemo Group in Krefeld, marking SMVAP's first acquisition outside China.
Japanese motors and drives manufacturer Nidec has acquired Mitsubishi Heavy Industries Machine Tool, a machine tool and cutting tools company, for an undisclosed sum. The business is renamed Nidec Machine Tool Corporation.
Exponential Power has acquired Maryland-based Static Power, a provider of critical power systems services, expanding its service offerings to the Mid-Atlantic corridor.
Swedish component maker Concentric AB acquired Engineered Machined Products Inc. (EMP) of Syosset, New York, a producer of electric and mechanical pumps, electric fans and thermal management systems, for approximately USD 147 million in cash.
S:t Eriks signed an agreement to acquire all shares of MEAG VA-System AB, a Swedish producer of concrete water and sewage (VA) solutions with about 90 employees, to be run as a separate company within the group.
Ajoo Steel announced it will absorb Ajoo EGL in a small-scale merger to improve management efficiency and synergy. Ajoo Steel owns 100% of Ajoo EGL, and no new shares will be issued.
Right Time Group of Companies announced the acquisition of furnaceguys Home Heating & Cooling, expanding into Saskatchewan. Terms were not disclosed.
Saint-Gobain has entered into an agreement to acquire IMPAC, a leader in construction chemicals solutions in Mexico. IMPAC recorded sales of close to €50 million in 2020, operates one plant in Monterrey and employs about 630 people.
Global Environmental Solutions (GES) won a government tender to buy the Ashdod desalination plant in Israel from Mekorot for 909 million shekels ($283 million).
Biesterfeld Group acquired a majority stake in Singapore-based GME Chemicals, a distributor of specialty chemicals and polymers in Southeast Asia, with a complete takeover planned in five years.
Chuliyot Group, a plastic pipe and fittings manufacturer, acquired a 51% stake in Wiseman-Friedman, a plastic products maker, for approximately ILS 50 million.
Vestum is acquiring Lakers Group, a Norwegian water and wastewater company focused on pump technology and aftermarket services with about 400 employees and NOK 1.2 billion in revenue. The deal is expected to lift Vestum's revenue and profit by about 50 percent.
Steel Dynamics Inc. has announced plans to acquire a minority interest in New Process Steel LP, a metal products manufacturer and supply chain management company in Houston. Financial terms were not disclosed.
Algoma Steel Group Inc. completed its merger with Legato Merger Corp., a SPAC, taking Algoma public on Nasdaq and TSX under ticker ASTL. The transaction provided net proceeds of approximately USD 306 million for strategic investments, including a proposed transition to electric arc furnace steelmaking.
HeidelbergCement Bangladesh Ltd has received High Court approval to merge with Emirates Cement Bangladesh Limited and Emirates Power Company Limited. The merger follows Heidelberg's 2019 acquisition of all shares of the two companies from UltraTech Cement Middle East Investments Ltd for Tk182.58 crore.
LEHVOSS Group acquired French company GP2C to broaden its offering in the lubricants and fuels markets across Europe, extending coverage of the LEHVOSS Functional Fluids business unit.
Mexican construction group Elementia paid the final $45 million installment for a 47% stake in Mexican cement producer Cementos Fortaleza from LafargeHolcim.
Xylem has completed the acquisition of Anadolu Flygt, Turkey's market leader in supply, installation and after-sales service for pump and water treatment systems. The acquisition expands Xylem's footprint in the Middle East, Africa and Turkey region.
Parker-Hannifin's £6.3 billion takeover of Meggitt is expected to complete in Q3 2022, despite a UK government referral on national security grounds. The deal includes commitments to keep Meggitt's UK headquarters in Coventry and protect R&D jobs.
Beijer Ref increased its holding to just over 50% in Danish refrigeration technology company Fenagy A/S, which produces industrial heat pumps.
China Zenix Auto International, a commercial vehicle wheel manufacturer, entered into a merger agreement with Newrace Limited, under which Newrace will acquire the company for approximately US$55.755 million in equity value. Shareholders will receive US$0.27 per share.
The Verhoeven Family of Companies, part of VADO's portfolio, acquired Van den Akker Electric Engineering, an industrial automation specialist in robotics and 3D vision. The acquisition strengthens Verhoeven's position in bakery equipment, material handling, and logistics.
Brown Brothers Engineers New Zealand acquired Galbraith Engineering Ltd, a fire pump and pump station supplier, with the transaction completed on 13 October 2021. The announcement was published on 19 October 2021.
MPE Partners has acquired DecoArt, a manufacturer of acrylic paints and finishes for arts, crafts and home decorating. The deal was reported on 19 October 2021.
Harvest Partners has acquired Fortis Solutions Group, a specialty packaging and labeling company, from Main Post Partners. The deal was reported on 19 October 2021.
Methods Machine Tools, Inc. signed an agreement to acquire Koch Machine Tool, a machine tool dealer in Texas. The acquisition is expected to close by January 1, 2022. Koch's offices in Dallas and Houston will become Methods' facilities.
MJTEK LLC, doing business as Tronix3D, acquired Agile Additive's polymer division on October 18, 2021. Financial terms were not disclosed. The division will operate under the Tronix3D brand.
Indorama Ventures Spain SL, affiliated with Indorama Ventures, agreed to acquire a 50.76% stake in Avgol Industries from HFH International BV and an additional 14.96% from Leumi Partners, for an undisclosed amount.
SyBridge Technologies completed the acquisition of Pyramid Mold and Tool, a manufacturer of precision plastic injection molding tools for the life sciences industry. The deal expands SyBridge's footprint in the life sciences sector and its geographical reach in North America.
Winsupply Inc. (Dayton, Ohio) acquired HESCO Supply.
Tech-24 (Greenville, South Carolina) acquired Yukon Refrigeration (Mount Vernon, Illinois).
Sila Services LLC (Philadelphia) acquired Fahrenheit HVAC (Bucks County, Pennsylvania).
Frontier Service Partners (Franklin, Tennessee) acquired Haley Mechanical (Dexter, Michigan). Dean Fulton was named founding CEO, and Tim O’Reilly was named founding CFO.