Mayr-Melnhof Karton AG completed its acquisition of Finnish cartonboard and saturating kraft paper maker Kotkamills on 2 August 2021, after regulatory approvals. The deal strengthens MM's virgin-fiber cartonboard position and adds cupstock.
Parker-Hannifin agreed to buy all of Meggitt PLC, the Coventry-based aerospace and defense motion and control company, for about GBP 6.3 billion in cash. The deal remains subject to regulatory clearances and Meggitt shareholder approval.
DFV S.r.l. acquired a majority stake in FI.MET S.r.l., a Modugno-based company specializing in aluminum and iron painting, in early August 2021.
Mecfor and Advanced Dynamics fully merged their operations to form EPIQ Machinery, a North American leader in mobile and heavy equipment for aluminum, pulp and paper, and rail industries. The merger was announced on August 24, 2021.
Nidec Corporation completed the acquisition of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and its overseas subsidiaries from Mitsubishi Heavy Industries. The acquired companies will be renamed, including Nidec Machine Tool Corporation.
Brenntag, the global market leader in chemicals distribution, acquired all operating assets and business of Matrix Chemical, LLC, a solvents distributor and the largest distributor of acetone in North America with sales of around USD 200 million year to date in 2021. The acquisition closed on August 1, 2021.
Chiorino SpA, an Italian manufacturer of light-weight belting, has acquired Safari Belting Systems, Inc., a US-based plastic modular belt manufacturer. The acquisition expands Chiorino's manufacturing footprint in the United States.
In August 2021 S.J. Electro Systems acquired L.W. Allen, a Madison, Wisconsin provider of pumps, motors and control systems for the water and wastewater industry.
Relevant Solutions, LLC closed its purchase of 505 Industrial Supply, LLC, a hydraulic hose, fitting and valve distributor based in Albuquerque, NM, on August 1, 2021. The deal adds the business to Relevant's network, which now employs 250 associates.
GWS Tool Group acquired Monster Tool Company, a manufacturer and distributor of solid round cutting tools based in Vista, California. The acquisition was announced on July 30, 2021.
KW automotive Group, a German automotive parts manufacturer with US headquarters in Clovis, announced the acquisition of a vehicle technology company based in Europe.
Magna International has confirmed its intention to acquire automotive-safety company Veoneer. The definitive merger agreement has been approved by both boards, with Veoneer's board recommending stockholder approval.
Westlake Chemical Corporation has sold its subsidiary Westech Building Products ULC to Trusscore, Inc. Westech is a producer of PVC extruded profiles and building materials.
Kuecker Logistics Group, Pulse Integration, and QC Software have combined to form Kuecker Pulse Integration (KPI). Funds managed by Ares Management Corporation acquired a majority interest, with existing owners retaining significant stakes.
Mitsubishi Heavy Industries has concluded an absorption-type split agreement to integrate Mitsubishi Power's business operations and employees, effective October 1, 2021, to accelerate Energy Transition solutions.
Mitsubishi Materials and Ube Industries plan to merge their cement businesses and related businesses on 1 April 2022, forming Mitsubishi UBE Cement Corporation.
BME Group has completed the acquisition of Saint-Gobain Distribution The Netherlands, a leading distributor of building materials, tiles, sanitaryware and interior finishing materials.
Atos has completed the acquisition of IDEAL GRP, a PLM system integrator and solution partner of Siemens Digital Industries Software, headquartered in Finland.
Ensto Group has sold its Ensto Building Systems (EBS) business to Legrand, the global specialist in electrical and digital building infrastructures, as part of Ensto's strategic focus on electricity distribution.
FH Scandinox A/S has acquired 75% of the shares of Gerstenberg Services A/S, strengthening their position in food industry machinery.
Webuild and Astaldi have signed the demerger deed, making the integration effective from 1 August 2021, creating one of the largest European infrastructure players.
Bioventus will acquire Misonix in a cash-and-stock transaction valued at approximately $518 million, adding minimally invasive ultrasonic technologies and regenerative medicine products.
Hexpol completed its acquisition of Unión de Industrias C.A. (Unica) from Espiga Capital. Unica operates an advanced compounding facility in Corella, Spain, supplying rubber compounds to automotive, construction, and agriculture sectors.
Liberty Spring, a precision spring manufacturer, acquired Elka Suspension, a manufacturer of suspension systems for powersports vehicles, light trucks and SUVs. The acquisition was supported by minority shareholders Desjardins Capital and Investissement Québec.
FLSmidth has agreed to acquire thyssenkrupp's Mining business (TK Mining) for an enterprise value of EUR 325 million. The transaction is expected to close in H2 2022, subject to regulatory approvals.
Harwick Standard Distribution Corp., a U.S. specialty chemicals distributor, has acquired Western Reserve Chemical, a distributor of rubber chemicals and intermediates. Financial terms were not disclosed.
Austrian packaging converter ALPLA has acquired Verigreen Packaging, a South African maker of bottles and canisters for lubricants, with a site in Durban. Financial terms were not disclosed.
Axel Johnson International's Lifting Solutions business group is expanding outside Europe by acquiring five Australian lifting companies: The Rigging Shed, Lifting Victoria, Elevate Lifting & Rigging, Schillings Hoisting Equipment and On Call Lifting, effective August 31, 2021.
AptarGroup entered into an agreement to acquire 80% of the equity interests of Weihai Hengyu Medical Products, a Chinese manufacturer of elastomeric and plastic components for injectable drug delivery. The acquisition adds local manufacturing capacity in China.
Astro Aerospace signed a letter of intent to acquire 51% of Lotus Mobility's subsidiary Liaoning Tongda Transport Technologies (LTT) and exclusive global distribution rights to its electric aircraft, in exchange for 3 million Astro shares. The companies will also invest $3 million in joint R&D and establish a Singapore-based joint venture.
Caterpillar has acquired Minetec Pty Ltd., an Australian company specializing in communications technology for underground mining, including high-precision tracking and data communications networks.
The UK Ministry of Defence will acquire Sheffield Forgemasters, with shareholders agreeing to sell their entire share capital. The MoD plans to invest up to £400 million over 10 years to recapitalize defence-critical assets.
Sandvik has signed an agreement to acquire 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based premium solid round tools company, with a call option to buy the remaining part in three years.
Adecco Group will acquire AKKA Technologies and combine it with Modis to create the global #2 in the engineering R&D market. The transaction has an enterprise value of €2.0 billion.
Danimer Scientific has signed a definitive agreement to acquire Novomer, a developer of biodegradable polymer technology, for $152 million in cash. The acquisition will enable lower-cost biodegradable products.
3D Systems has signed a definitive agreement to sell its medical simulation business, Simbionix, to Surgical Science Sweden AB for $305 million. The divestiture completes 3D Systems' initiative to focus on additive manufacturing.
Vallourec S.A. completed the acquisition of the remaining 49% stake in VAM USA, LLC from Sumitomo Corporation of Americas and Nippon Steel Oilfield Services Inc. for $41.6 million.
ProAmpac, a flexible packaging supplier, acquired APC Paper Group, a producer of recycled paper packaging for food service and retail.
AMPO POYAM Valves and Aksai Industrial Park have agreed to set up a joint subsidiary, AMPO Caspian LLP, to design and manufacture highly engineered valves for the energy industry in Aksai, Kazakhstan.
Toppan has acquired InterFlex Group, a flexible packaging converter with five production facilities in the US and UK, completing the deal on July 23, 2021. The purchase will establish a flexible packaging production network in North America and Europe.
Smurfit Kappa agreed to acquire the Verzuolo recycled containerboard mill in northern Italy from Burgo Group for €360 million, with 600,000 tonnes annual capacity; closing is expected in Q4 2021.
Ressorts Liberté, a Quebec-based spring manufacturer, acquired Elka Suspension, a suspension systems producer for recreational vehicles. The deal combines Ressorts Liberté's B2B strength with Elka's B2C expertise.
Daikin Industries has become a shareholder of OCSiAl, the world's largest producer of graphene nanotubes, following a share subscription agreement. The valuation of OCSiAl is about USD $2 billion. The companies also signed a cooperation agreement to develop graphene nanotube solutions for Li-ion batteries and fluoropolymers.
American Standard Circuits, a manufacturer of high-performance printed circuit boards, was recapitalized by management in partnership with Gemini Investors and Plenary Partners.
The State Property Fund of Ukraine initiated an extraordinary shareholders' meeting of Turboatom to approve the merger with Electrotyazhmash and rename the company to Ukrainian Energy Machines JSC.
An affiliate of New Mountain Capital has reached a definitive agreement to acquire Flexan, a medical device contract design and manufacturing organization. Flexan will be acquired by ILC Dover, a New Mountain Capital portfolio company. The transaction is expected to close by August 2021.
Anand Group and South Korea's Mando Corporation will establish a joint venture, ANAND Mando eMobility Pvt Ltd, to manufacture and market electric vehicle components for two- and three-wheelers in India, with a planned manufacturing facility in Rajasthan.
Jervois Mining Limited has agreed to acquire 100% of Freeport Cobalt, including a cobalt refinery in Kokkola, Finland, for US$160 million. The acquisition is expected to close at the end of August 2021.
Thiele Kaolin Company has entered into an agreement to acquire certain kaolin clay assets from Imerys Performance Minerals in central Georgia, USA. The transaction is expected to close in early Q4 2021.
Partners Group agreed to acquire Reedy Industries, a US commercial HVAC service provider, from Audax Private Equity. The transaction is expected to close in Q3 2021.