Stellantis and LG Energy Solution signed an MOU to form a joint venture to build a lithium-ion battery manufacturing facility in North America, with 40 GWh annual capacity targeted to start by Q1 2024.
Industrial Flow Solutions has acquired Clearwater Controls Ltd, a UK provider of intelligent pump-monitoring and anti-ragging solutions. The deal was reported on December 1, 2021.
The Safe Metal branch of Groupe Safe has acquired Mécanique 2L, a French specialist in machining for aerospace, agricultural, and other industries. The acquisition aims to enhance Safe Metal's machining capabilities.
Tamburi Investment Partners (TIP) submitted a binding agreement to acquire a 25% interest in Limonta SpA, a textile and coating specialist, for €89 million. The deal is expected to close by end of 2021.
SRS Distribution Inc. acquired Wimsatt Building Materials, a distributor of roofing, siding, windows and doors with eight locations in Michigan and Ohio. Terms were not disclosed.
Southern HVAC Corporation has acquired The Plumbing & Air Service Company, which serves the Greensboro and Winston-Salem, North Carolina markets.
Stafford Crane Group (SCG) has acquired Portuguese tower crane manufacturer Soima Cranes. The acquisition gives SCG control over design and production of tower crane equipment.
Votorantim Cimentos, through its Spanish subsidiary Corporación Noroeste, has closed the acquisition of Cementos Balboa, which operates a cement plant in Alconera, Extremadura, Spain, with a capacity of 1.6 million tonnes of cement per year.
Sanmenxia Aluminum plans to list on the Shanghai Stock Exchange through a reverse merger with Fuda Alloy. Fuda Alloy will swap its assets (valued at about CNY 850 million) and issue shares to acquire 100% of Sanmenxia Aluminum for up to CNY 15.2 billion. The deal will make Jinjiang Group the new controlling shareholder.
Mexican power transformers manufacturer ProlecGE acquired SPX Transformer Solutions from US engineering group SPX for $645 million.
Graphic Packaging obtained all mandatory regulatory approvals to acquire fiber-based packaging maker AR Packaging in a US$1.45 billion cash deal first announced in May 2021.
Listed Norwegian company Bewi agreed to buy packaging manufacturer Jackon, with the last owning family accepting cash of NOK 1.55 billion and the other family receiving shares worth about NOK 780 million more.
UFP Technologies Inc. acquired Contech Medical Inc., a manufacturer of class III medical device packaging primarily for catheters and guidewires, for an undisclosed amount. Contech has annual sales of approximately US$18 million and manufacturing in Rhode Island and Costa Rica.
Legato Merger Corp.'s stockholders approved the business combination with Algoma Steel Group Inc., a fully integrated producer of hot and cold rolled steel products. The merger is expected to close during the week of October 18, 2021, after which Algoma shares will trade on Nasdaq and TSX under symbol ASTL.
Sivers Semiconductors AB agreed to acquire 100% of MixComm Inc., a US mmWave fabless semiconductor company, for an initial purchase price of $135M plus up to $20M earn-out, paid in cash and shares.
HBL InvestmentPartners has acquired a majority stake in Zahnen Technik GmbH, a specialist in water and wastewater plant construction, optimization and modernization. The seller was the company's shareholder, advised by IMAP.
LANXESS and Advent International signed an agreement to acquire the DSM Engineering Materials business for around EUR 3.7 billion. LANXESS will contribute its High Performance Materials business to the new joint venture, receiving at least EUR 1.1 billion and up to 40% stake.
Marchesini Group acquired 70% of the shares in Dott. Bonapace, a manufacturer of laboratory machines for R&D and small industrial production of consumables. This marks Marchesini's entry into the laboratory machinery market.
Canadian-based Exchanger Industries acquired HRS Heat Exchangers, a supplier of heat exchangers and custom process systems for environmental, food, beverage, and pharmaceutical sectors. The two companies will continue to operate separately.
PSSI, a food safety and contract sanitation provider, signed a definitive agreement to acquire Safe Foods Corporation, a food safety performance management company and leader in antimicrobial technology. Safe Foods will remain an independent subsidiary.
Schenck Process Group reached an agreement to acquire Solids Handling and Process Engineering Co. Ltd., a supplier of powder handling and processing solutions in Bangkok, Thailand.
CPM Holdings Inc., a global supplier of process equipment, acquired Bliss Industries LLC, a manufacturer of hammer-mills, pellet mills, and peripheral equipment for biomass, pet food, and animal feed industries. Bliss is headquartered in Ponca City, Oklahoma.
Rane Madras Ltd approved the acquisition of the Steering Components Business of Yagachi Technologies, a Hical Group company, in an all-cash deal. The business produces steering and suspension components for passenger vehicles.
Gabriel Performance Products, a portfolio company of Audax Group, acquired Royce International, a supplier of epoxy chemistries for coatings and adhesives. Royce is based in Sarasota, Florida.
Plaskolite LLC signed a definitive agreement to acquire substantially all assets of Plazit-Polygal, excluding its Russian operations. The acquisition expands Plaskolite's geographic footprint in North America, Europe and South America.
Tempo Automation announced it will acquire Advanced Circuits and Whizz Systems concurrently with its business combination with ACE Convergence Acquisition Corp. The acquisitions are expected to close substantially concurrently with the merger.
New Yorker Electronics announced the acquisition of Omni Pro Electronics, Inc., an electronic component distributor based in Addison, Texas. The acquisition aims to expand New Yorker's product portfolio and customer base.
Alpla, Ecohelp and United Polymer Trading (UPT) formed a joint venture, PET Recycling Team Targu Mures, investing a combined EUR 7.5 million in a plant in Targu Mures, Romania. Production is scheduled to start around mid-2022.
The French Competition Authority cleared the acquisition of steel companies Liberty Ascoval and Liberty Rail Hayange by the German Saarstahl Group, following a conciliation procedure opened by the commercial court of Paris.
Eastman Chemical Company acquired Knowlton Technologies, LLC, a wet-laid media prototyping and non-woven materials company located in Watertown, New York. The acquisition was advised by Grace Matthews.
Electrolux Professional agreed to acquire Unified Brands from Dover Corporation for approximately SEK 2,140m (USD 244m). Unified Brands manufactures foodservice equipment and has facilities in Michigan and Mississippi.
Rheem acquired Friedrich Air Conditioning from Monomoy Capital Partners. The acquisition adds single-room air solutions for hospitality and multifamily housing to Rheem's portfolio.
John Horsfall acquired Orvec, a specialist in non-woven airline products for the travel catering industry. The acquisition includes Orvec's production facilities in the UK and China, and its healthcare business Orvecare.
Assemblin Heating & Sanitation acquired Roslagens Värmemontage AB, a district heating, cooling and plumbing installation company with 48 employees and annual sales of approximately SEK 80 million. The acquisition makes Assemblin one of Sweden's leading district heating installers.
Beijer Ref AB completed the acquisition of 80% of the shares in Inventor A.G. S.A., an air conditioning company based in Athens, Greece, with a second office in Bucharest, Romania. The acquisition was approved by the Romanian Competition Authority and closed on October 12, 2021.
Biesse Group signed a contract to acquire 100% of Forvet Costruzione Macchine Speciali, a manufacturer of special automated machines for glass machining, for around €41 million.
Dutch investment firm Standard Investment acquired Quadient's Automated Packaging Solution business and its Drachten, Netherlands production facility. The business has been rebranded Sparck Technologies and continues to sell CVP automated packaging systems.
Private equity firms Azulis Capital and Arkea Capital entered the capital of Nantes-based packaging distributor Fidel Fillaud, which reported €76 million in 2020 sales, while founding family keeps control.
Cervus Equipment Corporation shareholders approved the plan of arrangement for Brandt Tractor Ltd. to acquire all outstanding Cervus shares for $19.50 per share in cash. The transaction is expected to close in mid-to-late October 2021.
Laborie Medical Technologies acquired Pelvalon, a medical device company with the Eclipse System for fecal incontinence, to expand its portfolio.
Nucor, a steel giant, acquired St. Louis-based scrap metal company Grossman Iron and Steel Company. Terms were not disclosed.
Arcline Investment Management acquired Onboard Systems International, a designer and manufacturer of external cargo equipment for military and civil helicopters, from Liberty Hall Capital Partners.
Komline-Sanderson, a designer and manufacturer of wastewater management equipment, announced the acquisition of AquaShield, Inc., a manufacturer of stormwater runoff and rainwater harvesting products. The acquisition is Komline's fourth this year.
Prolec GE Transformers, Inc., a joint venture of GE and Xignux, completed the $645 million acquisition of SPX Transformer Solutions, Inc., a U.S. transformer technology company.
ADB Safegate Germany GmbH acquired all shares in Protec Automation GmbH, a specialist in control technology for airport lighting systems. The terms were not disclosed.
Novanta Inc. acquired ATI Industrial Automation for $172 million upfront in cash plus additional contingent payments. ATI supplies end-of-arm technology for industrial and surgical robots, with over 350 employees in North Carolina.
Marine robotics company Ocean Infinity has acquired Norway-based Red Rock, a provider of offshore lifting and handling equipment and AI-supported autonomous solutions. The acquisition aims to enable autonomous port operations.
DDH1 has agreed to merge with Swick's drilling business, creating a combined entity with around $445 million in annual revenue and a fleet of 170 drill rigs. Swick shareholders will own 19.7% of the merged company.
Bright Power Semiconductor (Jingfeng Mingyuan) announced it will acquire 95.75% of Lingou Chuangxin (Lingou Chuangxin) for 6.13 billion yuan (approx. $95 million) via a mix of shares and cash. The acquisition aims to enhance Bright Power's MCU chip capabilities.
EnPro Industries, through subsidiaries including Compressor Products Holdings Limited and Garlock GmbH, entered an agreement to sell Compressor Products International to Howden. The filing reports the agreement dated October 12, 2021.