Olympic Steel acquired the assets of Shaw Stainless and Alloy, including its stainless steel distribution and fabrication businesses, as well as architectural and barrier defense businesses. The all-cash purchase is immediately accretive; terms were not disclosed.
Martin Marietta Materials completed the acquisition of assets from Lehigh Cement Company LLC on October 1, 2021, pursuant to a Securities Purchase Agreement dated May 23, 2021.
Westlake Chemical Corporation completed the acquisition of Boral Limited's North American building products businesses for $2.15 billion in cash. The deal includes 29 manufacturing sites in the US and Mexico and approximately 4,600 employees.
ALPLA Group is acquiring BTB PET-Recycling, a German company that processes PET bottles into food-grade rPET pellets. The acquisition includes all 35 employees and aims to strengthen the bottle-to-bottle recycling loop.
Mineral Resources Limited has completed the acquisition of Mining Wear Parts (MWP), a supplier of specialist parts to the mining, quarrying, and recycling industries in Australia. MWP will become part of MRL's CSI Mining Services business.
The merger of Baker Hughes' Subsea Drilling Systems business and Akastor's wholly-owned subsidiary MHWirth has been completed to form HMH, a global offshore drilling equipment company. Baker Hughes and Akastor own equal equity in the new company, effective October 1, 2021.
Royal SMIT Transformers, a company of the SGB-SMIT Group, has completed the acquisition of DNV's Transformer Oil Laboratory in Arnhem, Netherlands. The transfer includes personnel, equipment, data bank, and ISO 17025 accreditation.
EMO and AQUAMEO merged to form a single legal entity, EMO sas, as part of the SEMOSIA group's environmental division to strengthen their position in sludge and wastewater treatment markets.
Continental signed a joint venture contract with Horizon Robotics to develop hardware and software solutions for ADAS and automated driving. Continental will be the majority shareholder, and the JV will be located in Jiading District, Shanghai, with about 200 employees.
Leoni AG will reach a binding agreement to sell its Business Group Leoni Industrial Solutions to BizLink Holding Inc. The activities generated sales of about EUR 430 million in FY2020 and are valued at an enterprise value of around EUR 450 million. Closing is expected in early 2022.
Hanil Chemical decided to acquire 72,250 shares (100%) of Shindong Paint Industry for approximately KRW 18 billion to enter a new business and acquire management rights.
Applied Control and PCE Pacific agreed to merge, combining their industrial automation businesses in the western United States. The merged entity will operate as Emerson Impact Partners.
Safran Electronics & Defense, a world number three in inertial navigation systems, acquired Sensonor AS, a Norwegian company known for gyro sensors and MEMS inertial systems. The acquisition was announced on October 1, 2021.
Trademark Metals Recycling LLC (TMR), a subsidiary of Nucor's David J. Joseph Company, agreed to purchase the assets of Garden Street Iron & Metal Inc. in Fort Myers, Florida. The transaction is expected to close on October 4, 2021.
Advantage Metals Recycling (AMR), a subsidiary of Nucor's David J. Joseph Company, completed the purchase of Grossman Iron and Steel in St. Louis, Missouri on September 30, 2021. The acquisition adds a scrap recycling facility to AMR's network.
Fenner Precision Polymers, a Michelin Group company, acquired industrial conveyor belting and wire cloth manufacturer Lumsden Corp. The acquisition adds 126 local employees and strengthens Fenner's position in specialized conveying products.
Toshiba Energy Systems & Solutions Corporation, through its affiliate Toshiba America Energy Systems Corporation, completed the acquisition of the EtaPRO business from GP Strategies Corporation. The acquisition was originally announced in May 2021.
Misonix, a provider of minimally invasive therapeutic ultrasonic technologies, has been acquired by Bioventus. Misonix stockholders received either 1.6839 shares of Bioventus class A common stock or $28.00 in cash per share.
IPD Group acquired Sydney-based High Technology Control (HTC), an electrical industry specialist in the HVAC space. The acquisition is effective immediately.
D'Ieteren Group SA completed the acquisition of a 40% stake in TVH-Group Thermote & Vanhalst from the Vanhalst family for €1.2 billion, valuing TVH-Group at an enterprise value of €3.65 billion.
Opus Packaging Group acquired the assets of Palmetto Packaging Corporation, a corrugated products maker in Florence, South Carolina, effective October 1, 2021. The deal adds Opus's seventh manufacturing facility and extends its footprint in the southeast US.
GTCR announced on October 1, 2021 its acquisition of PPC Flexible Packaging, a Buffalo Grove, Illinois maker of flexible packaging, from seller MSCP. PPC had completed seven acquisitions under MSCP's ownership.
Epsilyte Holdings, owned by Balmoral Funds, acquired StyroChem Canada, a producer of expandable polystyrene in Baie d'Urfe, Quebec, from PMC Capital Partners. The deal was announced October 1, 2021.
Hydraquip, Inc., part of Employee Owned Holdings, acquired substantially all assets of Flint Hydraulics, a Memphis-based distributor of hydraulic pumps, motors and parts, on October 1, 2021. Flint Hydraulics will keep serving clients under its own name.
Interpump Group closed its acquisition of the White Drive Motors & Steering business units from Danfoss, with plants in the US, Germany and Poland. The total enterprise value is 278 million euro, paid in cash.
Irish packaging company Zeus announced a deal to buy Limerick Packaging, a corrugated packaging supplier to the industrial and transit packaging market, in Ireland. The sale is subject to approval by the Competition and Consumer Protection Commission.
Welbilt stockholders approved the merger agreement with Ali Group with 99.72% of votes in favor. The companies will divest the Manitowoc Ice brand to address antitrust concerns, with the acquisition expected to close in early 2022.
Edgewater Capital Partners acquired Technetics PTFE & Polymer Solutions (Technetics Group Houston), effective September 3, 2021. The business has been renamed Altamira Material Solutions LP, including facilities in Houston and Hatfield, Pennsylvania.
Sixeight, a Knoxville-based growth equity firm, acquired US Machine & Tool, a precision CNC machining and fabrication company in Murfreesboro, Tennessee, on September 30, 2021.
Tension Packaging & Automation, a division of Tension Corporation, will acquire Colorado Automation & Design (CAD) on October 1, 2021. The acquisition enhances Tension's offerings in e-commerce and pharmacy automation.
Merck (known as MSD outside US and Canada) announced a definitive agreement to acquire Acceleron Pharma Inc. for $180 per share in cash, totaling approximately $11.5 billion equity value. Acceleron focuses on TGF-beta superfamily therapies, including sotatercept for pulmonary arterial hypertension and REBLOZYL for anemia.
Nèos International Limited completed the acquisition of Luxfer Superform (UK) on September 13, 2021. The company, renamed Nèos Superform Limited, is a world leader in aluminum superplastically formed components for automotive, aerospace, rail, and architectural industries, with sites in Worcester and Kidderminster, UK.
Hexion Holdings Corporation announced plans to separate into two independent companies: Hexion Holdings (adhesives and Versatic Acids) and Hexion Coatings and Composites (US) Inc. (epoxy-based coatings and composites), via an IPO and spin-off.
Watts Water Technologies acquired Sentinel Hydrosolutions, LLC, a provider of leak detection solutions based in Escondido, California, in an all-cash merger transaction completed in September 2021. The deal value was not disclosed.
USALCO, LLC acquired the water treatment business of ALTIVIA, which operates a manufacturing facility in Houston, Texas, producing ferric sulfate, ferrous sulfate, and specialty coagulant blends. The deal broadens USALCO's coagulant product offering and geographic coverage in Texas.
Sicame, a world leader in accessories for electrical energy transport and distribution, acquired a majority stake in Boddingtons Electrical Limited, a UK-based manufacturer of insulated tools for utilities and industrial applications.
Sandvik Group completed the acquisition of CNC Software Inc., a provider of CAD/CAM software for manufacturing industries. The deal value was not disclosed.
Adient closed transactions to end its YFAS joint venture with Yanfeng Automotive Trim Systems, selling its 49.99% interest in YFAS and acquiring YFAS's 50% equity interest in CQYFAS and 100% equity interest in YFASLF. Net proceeds at closing totaled $695M.
EDOM Technology and Promaster Technology approved a cash-based share swap where Promaster will become a wholly-owned subsidiary of EDOM at NT$18 per share. The deal is expected to close by December 30, 2021.
ASMPT signed a definitive agreement to acquire Mycronic's subsidiary AEi, a leader in automated sensor assembly and test equipment, in an all-cash transaction. The deal is subject to customary closing conditions and regulatory approvals.
Eren Paper, a subsidiary of Turkey's Modern Karton and Eren Holding, completed its acquisition of the Shotton Paper Mill in North Wales on 30 September 2021. Planned containerboard production is expected to make the UK a net exporter and create over 600 new jobs.
Kobe Steel announced a change in the effective date of its capital and business alliance with Miura, under which Miura acquires Kobelco Compressors shares to form a joint venture.
Silgan Holdings acquired Unicep Packaging, a precision dosing dispensing packaging maker with two plants in Spokane, Washington and Sandpoint, Idaho, for $237 million, with projected 2021 sales of about $45 million.
Ritchie Bros. Auctioneers has entered into a definitive agreement to acquire SmartEquip, a multi-manufacturer platform for equipment service lifecycle management and parts procurement, for approximately $175 million.
HEICO acquired 80.1% of RH Laboratories, a company specializing in RF/microwave assemblies and components.
Spanish multinational GAM acquired the material handling machinery business area of Ascendum Group for €4 million, becoming a distributor of Hyster and Yale forklifts in Portugal and integrating 22 employees.
Severstal acquired over 40 patents and patent applications from Arcanum Alloys for a technology that forms a special alloy on rolled steel, enabling lower-cost production of stainless-steel-like products. Severstal plans to launch pilot production at its Cherepovets plant by end of 2021.
TransTech Energy, through its subsidiary Energyneering Solutions, LLC, acquired a majority ownership of ENERGYneering Solutions (ESI), a biogas technical services provider. The acquisition extends TransTech's biogas engineering, construction, operations, and maintenance capabilities.
Waterland acquired a majority stake in BontexGeo, a leading supplier of geosynthetics products headquartered in Zele, Belgium. The existing management team stays on board and reinvests alongside minority shareholder Adfil NV.
Larsen & Toubro is in talks to merge its thermal power business with the Indian unit of Sembcorp Industries in a share-swap deal that could value the combined business at around $4.5 billion.