Epiroc agreed to acquire DandA Heavy Industries, a South Korean manufacturer of hydraulic breakers, with about 60 employees and 2020 revenues of about MSEK 210. The acquisition is expected to close at the end of Q2 2021.
Graphic Packaging announced plans to acquire North American folding carton maker Americraft Carton for around $280 million. The deal includes seven Americraft converting facilities and all its employees.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, acquired Midwest Valve Parts Supply Co., a specialty industrial valve services business.
Viessmann Group acquired a minority interest in Dutch climate and process control company Priva as part of a strategic family partnership. The two companies will jointly offer combined climate solutions for buildings and districts.
The board of ICI Pakistan approved the merger of NutriCo Pakistan into NutriCo Morinaga, a joint venture with Morinaga Milk Industry and Unibrands, and approved acquisition of 11% of NutriCo Pakistan to increase shareholding to 51%.
Air Force One, Inc. of Dublin, Ohio, acquired Custom Air Conditioning and Heating Co. of Columbus, Ohio. Custom Air's president Pat Halaiko will remain as lead executive.
Aggreko Plc shareholders approved a $3 billion takeover by private equity firms TDR Capital and I Squared Capital.
Colfax Corp.'s DJO acquired MedShape, a developer of shape memory alloy and polymer technologies for foot and ankle implants, expanding DJO's foot and ankle business.
Standard Industries Holdings Inc will acquire global specialty chemical company W.R. Grace & Co in an all-cash deal valued at about $7 billion.
Brooks Automation Inc. has agreed to acquire Precise Automation Inc., a provider of collaborative robots and automation subsystems, for approximately $70 million. The transaction is expected to close by the end of April 2021.
Fortuna Silver Mines Inc. will acquire all outstanding securities of Roxgold Inc. in a deal valued at approximately C$1.1 billion, creating a low-cost intermediate precious metals producer.
Greenbriar Equity Group acquired PCX Aerosystems, concurrently with PCX's acquisition of Senior Aerospace Connecticut. PCX is a supplier of flight critical assemblies for aerospace platforms.
EverGen acquired Fraser Valley Biogas Ltd. in Abbotsford, British Columbia, a renewable natural gas (RNG) project producing over 80,000 GJ/year. EverGen plans to expand production to over 125,000 GJ/year.
Midwest Growth Partners, with co-investors, capitalized Ag Solutions Group Holding Co. LLC to acquire Livingston Machinery Co. and contribute Ag Solutions Group LLC. The combined platform has 188 employees serving agricultural equipment dealers in nine states.
Bridgestone Corporation, through its group company Bridgestone Mining Solutions Australia Pty. Ltd., has agreed to acquire Otraco International Pty Ltd, a leader in off-the-road tire management solutions, from Downer EDI Limited for AUD 79 million. The transaction is expected to close by the end of 2021.
French access and telehandler rental company Eurolev Vertical Solution has acquired Atna.
Daido Steel Co., Ltd. and its subsidiary Daido Steel (Shanghai) Co., Ltd. have signed an agreement to purchase the registered capital of TimkenSteel (Shanghai) Corporation Ltd., a sales entity with technical support functions in China, from TimkenSteel Corporation. The acquisition aims to strengthen Daido Steel's supply chain and customer support for SBQ products in China.
Magnaghi Aeronautica Group (MA Group) has acquired New Jersey-based Air Marine and Airlift Hydraulics, a supplier of landing gear maintenance, repair and overhaul services. The acquisition will expand the capabilities of MA Group's division HSM Machine Works in Leland, North Carolina, adding assembly and testing work.
Eaton announced completion of its acquisition of Cobham Mission Systems, a manufacturer of air-to-air refueling, environmental and actuation systems for defense markets with about 2,000 employees.
Prime Polymer, a joint venture majority-owned by Mitsui Chemicals, has acquired a 70% stake in Brazilian PP composites producer Produmaster. Produmaster has combined PP compound capacity of 120 million lbs/year at plants in São Paulo and Camaçari.
The AVK Group has acquired a majority shareholding in OMV-INDOIL, a Zagreb-based valve manufacturer with plants in Croatia and Bosnia and Herzegovina; founder Tomislav Matkovic remains a minority shareholder.
Hitachi is in advanced negotiations to acquire ABB's power grid business in a deal potentially valued at up to $7.05 billion. Hitachi intends to initially acquire a 50% stake and later make it a wholly-owned subsidiary.
BontexGeo Group acquired 100% of shares in ABG Ltd., a UK-based geosynthetics manufacturer, on April 23, 2021. ABG will continue operating under its own name.
Birmingham Fastener & Supply acquired Steel City Bolt & Screw, a specialty manufacturer of structural fasteners based in Birmingham, Alabama. The acquisition closed on April 23, 2021.
IHM, a company of the Stefanini Group, acquired the remaining 20% of Acsa, a mechanical company that produces electrical panels and structures for electrocentros. The acquisition integrates Acsa fully into IHM's new production center in Contagem, Brazil.
ParkOhio acquired NYK Component Solutions, a distributor of circular connectors and accessories for aerospace and industrial applications. Terms were not disclosed.
con-pearl GmbH acquired Recyplast GmbH in Hillscheid, Rhineland-Palatinate, Germany, which specializes in producing regranulates from polyethylene and polypropylene. The acquisition secures a long-term supply of raw materials for con-pearl's products.
State-owned Hungarian power company MVM Energetika signed a contract to acquire ÉMÁSZ Hálózati, a unit of Germany's E.ON, which supplies electricity to 740,000 customers in Hungary. The price was not disclosed.
SIBUR and TAIF have initiated steps to combine their petrochemical businesses. TAIF shareholders will receive a 15% stake in SIBUR in exchange for a controlling interest in TAIF's petrochemical and energy companies, creating one of the world's top 5 polyolefin and rubber producers.
Ashland Global Holdings Inc. signed a definitive agreement to sell its performance adhesives business to Arkema in an all-cash transaction valued at approximately $1.65 billion.
Oerlikon has signed an agreement to acquire Italy-headquartered INglass S.p.A. and its HRSflow hot runner systems business, expanding its polymer processing solutions; completion is expected in Q2 2021.
Stuttgart investment firm Finexx acquired all shares of Volpini Verpackungen GmbH Austria, a plastic packaging producer in Spittal an der Drau with about 60 employees and roughly EUR 13 million in annual sales. Financial terms were not disclosed and closing is expected within weeks.
Skyworks Solutions entered a definitive agreement to acquire the Infrastructure & Automotive business of Silicon Laboratories in an all-cash asset transaction valued at $2.75 billion. The acquisition includes power/isolation, timing and broadcast product lines, and about 350 employees.
The European Commission cleared the formation of Cablo GmbH, a joint venture between Aurubis AG (40%) and TSR Recycling GmbH & Co. KG (60%), to unite cable dismantling activities in Fehrbellin and Gelsenkirchen.
Fen-Bay Services Ltd, a UK provider of loading bay equipment, has acquired Transdek UK Ltd. The combined group will have 180 employees and £20 million turnover.
Legend Corporation has acquired 100% of Acculec Group, a designer and supplier of HV products for power utilities and industrial projects in Australia and New Zealand. The transaction completed on 22 April 2021; financial details were not disclosed.
Altos Hornos de México (AHMSA) confirmed that Grupo Acerero del Norte will sell 55% of its shares to Alianza Minero Metalúrgica Internacional, led by Julio Villarreal of Grupo Villacero. The sale is pending approval from the Federal Economic Competition Commission.
IMM Private Equity, via its unit IMM Credit Solution, will acquire a 49% stake in SK Lubricants from SK Innovation for an estimated 1.5 trillion won ($1.34 billion). SK Innovation retains 51% and management control.
Sisram Medical announced the proposed acquisition of 100% of Shanghai Foshion Medical System, a dental equipment sales and marketing platform in China, for RMB 312.4 million in cash.
Finnish packaging firm Huhtamaki agreed to acquire Jiangsu Hihio-Art Packaging, a Chinese maker of paper bags and folding cartons, for a debt-free price of €27 million. The target's plant is in Xuzhou, Jiangsu, and the deal is expected to close by the end of Q3 2021.
Mauser Packaging Solutions, through its joint venture NCG-Maider, acquired Italian reconditioner Global Tank Srl, adding a site in Magnago near Milan. The deal expands its industrial packaging and reconditioning footprint in Italy.
United Conveyor Corporation acquired GE Steam Power's bottom ash material handling business in North America, including intellectual property, know-how, and inventory.
Leonardo announced on 21 April 2021 that it has taken a 30% stake in Italian company GEM elettronica for an undisclosed price. The agreement includes an option to acquire full control in 2024 and a commercial and industrial agreement for joint R&D into naval technology.
Arcadia Biosciences has acquired Agrasys, a Spanish food ingredients company based in Barcelona, including its proprietary tritordeum cereal grain, through its Spanish subsidiary.
Airbus plans to create two integrated aerostructures assembly companies in France and Germany, bringing together Stelia Aerospace and Premium Aerotec operations as wholly-owned integrated parts of the company.
The Middleby Corporation will acquire Welbilt, Inc. in an all-stock deal, creating a combined company with approximately $3.7 billion in 2020 sales. The transaction is expected to generate $120 million in operational improvements.
The distribution side of Pacer has merged with Solid State Supplies, effective April 1, 2021, creating a combined entity under Solid State Supplies Ltd. Pacer's design and manufacturing facility in Weymouth continues under the Pacer name.
The European Commission cleared the planned joint venture between Aurubis AG and TSR Recycling GmbH & Co. KG, named Cablo GmbH, to unite cable dismantling activities in Fehrbellin and Gelsenkirchen. TSR will hold 60% and Aurubis 40%.
US investment firm KPS agreed to buy Crown Holdings' European tinplate packaging division, including former Mivisa, for €1.9 billion, with Crown keeping a 20% stake. The deal is expected to close in Q3 2021.
Industrial Opportunity Partners completed the sale of its portfolio company El Dorado Packaging to ProAmpac Holdings, a flexible packaging company. Terms were not disclosed.