GracoRoberts announced it has entered into an agreement to acquire UK-based Silmid, a specialty chemicals distributor focused on aerospace, to expand its global presence.
Advanced Cooling Technologies, Inc. acquired Tekgard, Inc., a York, PA-based engineering and manufacturing company specializing in environmental control systems for military operations. The acquisition was finalized on March 1, 2021.
BAE Systems has acquired Pulse Power and Measurement (PPM), a developer of RF and fiber optic products for satellite, broadcast, defense, and commercial markets. PPM will become a wholly-owned subsidiary of BAE Systems.
Royal BAM Group, through its subsidiary BAM Bouw en Vastgoed Specials, acquired all shares of Houtindustrie Stam & Landman (HSL) and Gevelelementen Noord-Holland (GNH) in Heerhugowaard, Netherlands. The combined businesses have annual turnover over €20 million.
Investment firms Miura Private Equity and Mandarin Capital Partners integrated Spanish ceramic company Equipe Cerámicas into Italian group Italcer. Equipe will maintain its brand and management. The new group expects revenue over €220 million in 2021.
GlobalWafers announced that its subsidiary GlobalWafers GmbH achieved a final acceptance level of 70.27% in its all-cash tender offer for Siltronic AG. The closing remains subject to regulatory approvals, expected in the second half of 2021.
Coveris acquired specialty bag manufacturer Initial Packaging, reported on March 4, 2021.
Berlin Packaging announced the acquisition of Roma International PLC, a supplier of bottles, jars and closures for high-end cosmetics and personal care products. It is Berlin Packaging's twelfth acquisition in Europe since 2016.
Italian luxury packaging company Pusterla 1880 announced the acquisition of Leicester-based Pollard Boxes, the largest rigid box producer in the UK. The deal expands Pusterla's design, development and production resources in the UK market.
Chinese group Hisense is set to acquire 75% of Japanese compressor maker Sanden via a share issue worth about 21.4 billion yen (about 178 million euros). The process is to be finalised at a shareholder meeting on May 7, and affects the Tinteniac plant in France.
Financial investor NORD Holding completed the purchase of compressor manufacturer GEA Bock from GEA Group on February 26, 2021, and the company now operates as Bock GmbH. The deal included the Frickenhausen headquarters and subsidiaries in China, India and the Czech Republic.
Ares Management's Private Equity Group funds and Ontario Teachers' Pension Plan Board completed the acquisition of a majority interest in packaging distributor TricorBraun, from former majority owner AEA Investors, which retains a significant stake.
Meridian Adhesives Group has acquired GENTEC and FT Polymer, two European-based adhesive suppliers for the electronics, medical, aerospace and automotive industries. The companies will join Meridian's Electronics Division.
Vega Srl has been acquired by Latour Industries, a subsidiary of Investment AB Latour group. The acquisition is intended to strengthen Vega's position in the engineering industry.
China National Building Materials (CNBM) plans to increase its stake in Tianshan Cement to 88% from 46%. Tianshan Cement will acquire China United Cement, Sinoma Cement, and majority stakes in Southwest Cement and South Cement. Tianshan Cement also agreed to buy Jiangxi Wannianqing Cement's 1.3% stake in South Cement for US$96.0m.
CBPE Capital has acquired Aquaspersions Limited and Aquaspersions (M) Sdn. Bhd from the founding family shareholders. Aquaspersions manufactures specialist chemicals for the global polymer industry, with revenue of £35m in 2020.
Quantic Electronics, a portfolio company of Arcline Investment Management, acquired Corry Micronics, a supplier of RF and microwave components and subsystems.
Brikor has entered into an agreement to acquire 40% of the issued shares of Zingaro Holdings for a purchase consideration of R50,000,000, effective 2 March 2021.
Applus+ has announced the acquisition of 100% of Inecosa and Adícora, subsidiaries of Iberdrola, which will become part of Applus+'s Energy & Industry Division.
Mitsui Chemicals is selling its 100% ownership of Mitsui Chemicals Nonwovens (Tianjin) Co to Nanhai Beautiful Nonwoven Co. Financial details were not disclosed.
Schneider Electric acquired a strategic 30 percent stake in Uplight, Inc., a technology partner for energy providers. The transaction values Uplight at approximately $1.5 billion.
Altana, through its Eckart division, has acquired TLS Technik GmbH, a German specialist in metal powders for industrial 3D printing. The acquisition includes a production facility in Bitterfeld, Germany, with about 40 employees.
Funds advised by Equistone agreed to acquire Franke Water Systems AG, an international manufacturer of intelligent water solutions, from Franke Group.
UI Investissement has entered exclusive negotiations to sell packaging maker Gault & Fremont, based in Saint-Pierre-des-Corps, France, to the listed packaging group Guillin.
Atlas Copco has acquired Cooper Freer Ltd., a privately owned British compressed air distributor and service provider with 18 employees based in Leicester. The purchase price was not disclosed. The announcement is dated March 3, 2021.
Vebro Polymers Group has completed the acquisition of PR Epoxy Systems Ltd, a UK-based formulator and manufacturer of epoxy resin-based flooring, grouts, adhesives and intermediates, for an undisclosed sum.
US Motor Works, LLC, a manufacturer of cooling and fuel system components, has signed an agreement to acquire the assets of OSC Automotive, Inc. The deal was announced on March 2, 2021.
Arnold Magnetic Technologies Corporation, a subsidiary of Compass Diversified, has acquired Ramco Electric Motors, Inc., a manufacturer of stators, rotors, and full electric motors. Financial terms were not disclosed. The acquisition expands Arnold's product offering with electric motor solutions for industrial, military and aerospace markets.
Mersen has acquired the final 50% of Fusetech from its joint venture partner Hager Group for approximately €4 million. Fusetech is a European manufacturer of DIN LV and MV fuses and fuse accessories based in Kaposvar, Hungary.
AkzoNobel has completed the acquisition of 100% of the shares of the decorative paints business of Industrias Titan S.A.U. (Titan Paints) in Spain, including three production plants and seven logistics centers. The business generated approximately €80 million in revenue.
SoftBank Group will acquire ABB's industrial robotics unit for about USD 5.4 billion, strengthening its AI and automation strategy. The unit employs over 7,000 and supplies BMW and others. ABB plans to focus on electrification after the sale, due to close in 2026.
Tianshan Cement announced a restructuring plan to acquire 100% of Zhonglian Cement, 99.9274% of Nanfang Cement, 95.7166% of Xinan Cement, and 100% of Zhongcai Cement from China建材 and 26 other parties for approximately 98.1 billion yuan.
Dunkermotoren, a drive technology manufacturer and part of the AMETEK Group, has acquired 100% of the shares of automation specialist EGS Automatisierungstechnik (now EGS Automation) on March 1, 2021. The company will remain legally independent at its Donaueschingen site.
Oglethorpe Power Corporation has entered into a purchase and sale agreement to acquire the 511 MW Effingham County Power natural gas-fired combined-cycle facility in Rincon, Georgia from a Carlyle Group affiliate. The transaction is expected to close in Q2 2021.
Guillevin International, a Canadian electrical equipment distributor, acquired Dubo Électrique Ltd., a Quebec-based distributor of electrical, lighting, automation and control products with seven branches and a 100,000 sq ft distribution center. All jobs will be maintained.
JBT Corporation, a NYSE-listed food and beverage technology provider, acquired AutoCoding Systems, a UK-based software company for end-of-line packaging devices, for $17 million. AutoCoding generates about $7 million in annual revenue.
Tian Yishangjia (天宜上佳) announced it will acquire a 64.54% stake in Chengdu Ruihe Technology (瑞合科技) for CNY 213 million, entering the aerospace supply chain. Ruihe manufactures high-precision parts for military and civil aircraft and composite molds.
Akzo Nobel N.V. and Neuce - Indústria de Tintas completed the acquisition of the Titanlux and Titan Powder Coatings divisions from Industrias Titan for approximately €130 million. Akzo Nobel acquired Titanlux, while Neuce acquired Titan Powder Coatings.
US paper manufacturer Neenah signed a definitive agreement to acquire Global Release Liners, the parent of Spanish release liner maker ITASA, for a cash consideration of EUR 205 million ($247 million), with closing expected the following month.
Groupe Guillin has entered exclusive negotiations with UI Investissement to acquire Groupe Gault & Fremont, a French and Belgian maker of paper bags, cardboard boxes and baking paper with 270 employees across four sites. The announcement is dated March 2, 2021.
OpenGate, a private equity firm, bought Filmquest as a second add-on to its Duraco specialty tapes platform, as it builds a packaging platform of about $300 million.
Oben Group acquired Poligal Group, a European plastic film maker with BOPP and CPP plants in Portugal and Poland, commercial offices in Germany and a European sales network. The Skarbimierz plant has 40,000 tonnes/year BOPP capacity.
Fort Dearborn acquired Hammer Packaging, a West Henrietta, New York printer of packaging using offset and flexographic processes, on March 2, 2021. Terms were not disclosed.
Koxka acquired its two manufacturing plants in Pamplona and Peralta, Spain, in March 2021, financed by ACOFI and NASUVINSA. The Pamplona plant is 30,000 m² and the Peralta plant is 15,000 m².
Grupo K Refrigeración purchased the main plant of its brand Koxka in Landaben, Pamplona, in March 2021. The facility has 30,000 square meters and produces remote and plug-in refrigerated cabinets.
LGC announced its acquisition of Technopath Clinical Diagnostics, expanding LGC's position in the clinical diagnostics QC market. Technopath's chemistry and immunoassay controls will be integrated into LGC's clinical diagnostics business unit.
Groep Delmar acquired the architectural concrete division of SVK nv, effective March 1, 2021. The division will continue operations under the name Delmar SVK at the Sint-Niklaas site, which will be leased from SVK.
PPG completed its acquisition of VersaFlex, an aggregation of four U.S.-based protective coatings companies, from DalFort Capital Partners.
Tessendorf Mechanical Services, an HVAC services company, was acquired by Reedy Industries on March 3, 2021. The terms of the transaction were not disclosed.
Siemens Limited (India) has completed the acquisition of a 99.22% stake in C&S Electric India from its former promoters for approximately Rs 2,100 crores (EUR 267 million). The deal closed on March 1, 2021.