Duravant, a US-based engineered equipment and automation solutions provider, closed its acquisition of Foodmate, a manufacturer of poultry processing equipment. The deal was announced in April 2021 and closed in late May 2021. Financial terms were not disclosed.
Probo Medical, a global provider of medical imaging equipment, has acquired Tenvision, a Tennessee-based ultrasound equipment sales, service and training company. Terms were not disclosed.
Shermco, backed by Gryphon Investors, has acquired two Washington-based electrical specialty businesses: Sigma Six Solutions and Innovative Electric.
Vulcan Materials Company will acquire all shares of U.S. Concrete, Inc. for $74.00 per share, totaling $1.294 billion in equity value. The deal is expected to close in the second half of 2021.
Aviagroup Industries SAS, an affiliate of Quantum Capital Partners, acquired 100% of CPP France SAS from Consolidated Precision Products Corp. The company will be renamed Aerocast SAS, an aluminum foundry for aerospace and defense.
Copley Equity Partners merged Magna IV Engineering and Power Solutions Group to create a leading NETA accredited electrical testing and engineering services provider with 16 offices and 180 technicians. Financial terms were not disclosed.
Conch Venture (via subsidiary China Conch Environmental Protection) agreed to acquire all shares of AGL and WETH to gain full control of Yaobo Group and Chongqing JV.
ERMA FIRST, a ballast water equipment manufacturer, acquired RWO GmbH, a German marine water treatment specialist.
Komatsu announced plans for a management buyout of its UK conveyor manufacturing business and a separate sale of its projects business to Fairport Engineering Limited.
BorgWarner acquired 89% of AKASOL.
Saipem and Naval Energies signed an agreement for Saipem to acquire Naval Energies' floating wind business.
Emusa Group acquired Smurfit Kappa's flexible packaging business in El Salvador as part of the Cartones del Pacifico transaction.
Smurfit Kappa completed its acquisition of Cartones del Pacifico, a paper-based packaging company located in Paramonga near Lima, Peru. The deal expands its Americas footprint to 13 countries.
Danfoss A/S agreed to sell its White Drive Motors & Steering business to Interpump Group based on an enterprise value of EUR 230 million plus a variable part estimated at EUR 40 million. The sale is a step toward Danfoss's acquisition of Eaton's hydraulics business.
Special Packaging Solutions Investments completed the acquisition of the remaining stake in Italian closures maker Guala Closures on June 7, 2021, after a mandatory takeover bid. The original offer was valued at about EUR 300 million.
Nucor Corporation, through its subsidiaries Nucor Insulated Panel Group Inc and Vulcraft Canada Inc., entered into a definitive agreement to acquire the insulated metal panels, metal roof and wall systems, and metal coil coating businesses of Cornerstone Building Brands, Inc. The purchase price was not disclosed.
Right Time Group of Companies acquired Comfort Masters LTD, an HVAC and plumbing services company in St. Catharines, Ontario. This is Right Time's seventh acquisition.
Trafigura and Sidenor Aceros Especiales have shown interest in acquiring Alcoa's aluminum smelter in Galicia, Spain, which GFG Alliance had been in advanced talks to buy before Greensill Capital's collapse.
Lehigh Cement Co. LLC dropped its $151 million deal to acquire Keystone Cement Co. after the FTC voted to block the merger due to competition concerns.
Forward Water Technologies Inc. signed a definitive agreement with Hope Well Capital Corp to take the company public on the TSX Venture Exchange through a reverse takeover, structured as a three-cornered amalgamation. The resulting company will operate as Forward Water Technologies Corp.
The Lithuanian Competition Council has permitted Germany-based Schwenk Zement to increase its stake in Akmenes Cement to 97% from 47%, and also approved acquisitions of Kalcitas, Cemeka, and Lanku Bokstai.
Acuity Brands has agreed to acquire the North America-based Digital Systems business of ams OSRAM, which manufactures lighting control systems, electronics and drivers. The business has about 1,100 employees.
Oy Pamon Ab, part of Volution Group, has acquired the business of Energent Oy, a Finnish manufacturer of ventilation products. The deal includes Energent's Oulainen factory with €5 million revenue and 22 employees.
Versalift USA/Time Manufacturing acquired Canadian distributor Calco Equipment, which will become a wholly owned distributor operating as Versalift Canada. Calco has locations in New Westminster, British Columbia and Edmonton, Alberta.
Crystal Textiles (Bermuda) Limited, a subsidiary of Crystal International Group, agreed to acquire 71.9% of New Technology Knitting for HKD 83.8 million to expand its performance sweater business with footwear knitting technology.
Hydro signed an agreement to sell its aluminum rolling business to KPS Capital Partners, completed on June 3, 2021, forming a new independent company named Speira with seven plants in Germany and Norway.
The Arcticom Group, a US-based provider of refrigeration and mechanical services, has acquired CT Control Temp Ltd., IHM Mechanical Ltd. in Vancouver, and CTR Refrigeration & Food Store Equipment Ltd. in Calgary and Edmonton, expanding into Canada. Financial terms were not disclosed.
Vestas has signed an agreement to sell its tower manufacturing facility in Pueblo, Colorado, to CS Wind, a Korea-based tower manufacturer. The deal aims to enable increased volume and multi-brand tower production, with Vestas securing an agreed volume of output.
Montreal-based geosynthetics manufacturer Solmax finalized the acquisition of TenCate Geosynthetics, headquartered in Pendergrass, Georgia, creating the largest geosynthetics company in the world.
Private equity fund Equinox acquired a 60% stake in Gruppo Migal, an Italian manufacturer of non-ferrous metal components, with the Mingotti family retaining 40% and continuing to manage the group.
Artera Services announced it has entered into an agreement to acquire K.R. Swerdfeger Construction Inc., a provider of natural gas distribution and water infrastructure services based in Pueblo West, Colorado. The acquisition expands Artera's gas distribution services into Colorado and New Mexico.
Summit Interconnect, backed by HCI Equity Partners, announced it acquired Eagle Electronics on June 1, 2021. Eagle is a printed circuit board manufacturer focused on high-performance applications for aerospace, defense, and commercial markets. Financial terms were not disclosed.
Taks Handling Systems acquired all shares of Berkvens Greenhouse Mobility. The acquisition allows the combined company to offer complete turnkey solutions for greenhouse harvest processing and internal transport. Victus Participations also acquired a stake in both companies.
Versalift acquired Canadian bucket truck distributor CALCO Equipment, which will be renamed Versalift Canada. The acquisition expands Versalift's footprint of company-owned distributors in Canada.
Caterpillar is buying Minetec, a provider of high-precision tracking and safety solutions for underground mines, from Codan for approximately US$14 million plus a volume-based earn-out. The sale is expected to be finalised in July 2021.
BraunAbility acquired a majority ownership position in Q'STRAINT, a global mobility company providing wheelchair securement solutions. The transaction closed on May 28, 2021.
Italian packaging maker Gualapack became majority shareholder of Easysnap Technology, a Modena-based maker of single-dose easy-open packaging systems. Easysnap's CEO Andrea Taglini will remain in his role.
Rossari Biotech Limited announced the acquisition of 100% of Unitop Chemicals Private Ltd for Rs 421 crore, with 65% acquired upon closure and the balance over two years. Unitop Chemicals is a supplier of surfactants and specialty chemicals with three manufacturing sites in India.
UK/US private equity firm TowerBrook Capital has agreed to acquire tower crane sales and rental group Uperio from LFPI group, Sofina, Gigarant, and senior management. The share sale agreement was signed on June 2, 2021, and is expected to complete in summer 2021.
Kamrock Oy has acquired the entire share capital of Ab R. & S. Sundvik Oy and the business of Kiviaines Sundvik Ab Oy, strengthening its position in the Ostrobothnia region of Finland.
SCX engineering group has acquired Denley Hydraulics, a West Yorkshire-based designer and manufacturer of bespoke electro-hydraulic solutions.
ATS Automation Tooling Systems acquired Control and Information Management Ltd. (CIM), an industrial automation system integrator based in Dublin, Ireland, to strengthen its pharma automation capabilities.
CIM Industrial Systems (CIM.AS) became part of the XANO Group as of May 31, 2021. CIM's industrial software products and development resources will complement XANO Industrial Solutions business unit.
China Communications Construction Co., Ltd. (CCCC) acquired a 32.41% stake (33.07% of voting rights) in Portuguese construction group Mota-Engil through a mixed transaction of share purchase and subscription of new shares. CCCC became a reference shareholder.
Taekwang Industrial and LG Chem will set up a joint venture named TL Chemical in Ulsan, South Korea, to produce acrylonitrile. The plant will have an annual capacity of 260,000 tons, with commercial production starting in 2024. Taekwang Industrial will own 60% and LG Chem 40%.
Munich-based Accursia Capital acquired 100% of Müller & Bauer GmbH & Co. KG, a metal packaging producer in Metzingen, Germany, from G. Staehle GmbH & Co. KG. The company employs 100 people.
BoxWay Packaging Group Limited, a newly incorporated independent company led by CEO Andrew Woollard, acquired Saica's corrugated sheet plants in Exeter, Peterlee and Telford in England and announced a multi-year investment plan.
Nalka, a Stockholm-based investor, has acquired Uniwater, a Nordic group specializing in water and wastewater infrastructure solutions, from SEB Private Equity. Uniwater has approximately 210 employees and is headquartered in Gothenburg, Sweden.
Böllhoff Group acquired SNEP, a French manufacturer of fasteners for the aeronautical sector. The acquisition contract was signed in March 2021 and completed on 1 June 2021.
STERIS plc acquired Cantel Medical Corp for approximately $3.6 billion in equity value ($4.6 billion enterprise value), adding infection-prevention products and a new Dental segment.