The Plansee Group will increase its stake in Ceratizit S.A. from 50% to a majority interest, effective March 1, 2021. The transaction is subject to antitrust approval and financial details are confidential.
International Paper acquired the Molded Fiber division of Berkley International, Berkley MF LLC, which operates a molded fiber plant near Reno, Nevada. The purchase price was undisclosed.
AVK Group has acquired a majority shareholding in Zagreb-based valve manufacturer OMV-INDOIL, which has sites in Croatia and Bosnia and Herzegovina, with founder Tomislav Matkovic remaining a minority shareholder.
US-based Amphenol Corporation acquired LWL-Sachsenkabel GmbH, a German manufacturer of fiber optic cabling systems, on February 23, 2021. The acquisition aims to expand Amphenol's fiber optics business and strengthen its European presence.
Terumo Corporation signed a definitive agreement to acquire all assets of Health Outcomes Sciences, Inc., which specializes in predictive analytics and clinical decision support. The acquisition is expected to close in February 2021.
Goodyear has entered a definitive agreement to acquire rival tire manufacturer Cooper Tire for $2.5 billion. Cooper shareholders will receive $41.75 per share in cash and 0.907 shares of Goodyear common stock per share. The merger is expected to close in the second half of 2021.
LLC Megapolis Invest, a joint venture of Sistema and Sberbank Investments, has agreed to acquire an additional 29.64% stake in transformer manufacturer JSC Elektrozavod for over $78 million, increasing its holding to 94.01%.
Johnson Controls has acquired Cool Solution, a service provider of air conditioning and refrigeration in the UK and Ireland, to fill a geographic service gap in Wales and the South West.
The Competition Commission of India approved PGP Glass Private Limited's acquisition of Piramal Glass Private Limited's glass packaging and decoration business, along with shares in certain subsidiaries and Vivid Glass Trading FZCO and Unzapak Private Limited business divisions.
Ardagh Group agreed to combine its metal packaging business, Ardagh Metal Packaging, with special purpose acquisition company Gores Holdings V, with the new company to list on the NYSE under AMBP. Ardagh will keep about 80% and receive up to $3.4 billion in cash.
POLIFILM EXTRUSION GmbH acquired 100% of SAXA Packaging GmbH, which operates a blown film plant in Neukirchen/Pleiße, Germany. The deal adds broad and barrier films to POLIFILM's portfolio. The purchase price was not disclosed.
Rodgers Silicon Valley Acquisition Corp, a SPAC founded by former Cypress CEO TJ Rodgers, will merge with Enovix Corp, a lithium-ion battery manufacturer, in a deal valued at $1.1 billion including debt.
ArcelorMittal Construction acquired PMO (Profils Minces Ouest), a specialist in secondary metal structures for the building industry, from the Laguarigue Group. PMO is located near Toulouse, France.
Doosan Group is planning to spin off its forklift operation, Doosan Corporation Industrial Vehicle, into construction equipment affiliate Doosan Bobcat, with foreign advisors tapped to discuss the acquisition.
Duravant, a provider of engineered equipment and automation solutions, has acquired Votech, a manufacturer of bag filling machines and palletising technology based in the Netherlands.
Quikrete Holdings will acquire all outstanding shares of Forterra, a water and drainage infrastructure pipe manufacturer, for $24.00 per share in an all-cash transaction valued at approximately $2.74 billion including debt.
The Goodyear Tire & Rubber Company announced it will acquire Cooper Tire & Rubber Company in a transaction with a total enterprise value of approximately $2.5 billion, combining two complementary brand portfolios.
Lucid Motors announced a definitive merger agreement with Churchill Capital Corp IV (CCIV) at a transaction equity value of $11.75 billion, providing Lucid with approximately $4.4 billion in cash to fund production of the Lucid Air luxury EV and expansion.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
Mill Rock Packaging Partners, backed by Mill Rock Capital, has acquired All Packaging Company, a custom paperboard packaging manufacturer with facilities in Utah and Colorado. Terms were not disclosed.
Eaglerise Electric is planning to acquire a 54.97% stake in Yunnan Transformer Electric via cash and public listing. The deal is still in the planning stage with due diligence ongoing.
Copley Equity Partners has made a growth investment into AeroMed Group to facilitate its acquisition of etaGLOBAL, a distributor of fasteners and other class-c parts to the aerospace and defense sectors. Terms were not disclosed.
SyBridge Technologies, through its Ontario-based subsidiary Concours Technologies, has completed the acquisition of Active Industrial Solutions Inc., including its Tennessee facility. The deal expands SyBridge's capabilities in the mobility tooling industry, particularly in lighting, fascia, and grille segments.
Trèves Group, a global leader in acoustic and thermal insulation for automotive, has completed the acquisition of CTA Acoustics, a U.S.-based manufacturer of acoustical and thermal insulation materials and parts for the automotive industry. The deal advances Trèves' strategy to reinforce its presence in North America.
Kingspan Group acquired BAGA Water Technology AB, a Swedish leader in small wastewater solutions, to strengthen its Water & Energy division.
Hempel A/S agreed to buy Wattyl from Sherwin-Williams Co. to expand in Australia, New Zealand, and further into southern and eastern Asia.
Mitsubishi Materials Corporation acquired the remaining 49% stake in Mitsubishi Hitachi Tool Engineering (rebranded as MOLDINO Tool Engineering) from Hitachi Metals, making it a wholly owned subsidiary. The European subsidiary is now MOLDINO Tool Engineering Europe GmbH.
Spanish company Oliva Torras has acquired 100% of BSI, which designs and makes compressor mounting equipment for refrigerated vehicles and buses near Dallas, Texas. BSI has about 50 employees and annual sales of about 10 million euros; the price was not disclosed.
Fabcon Precast acquired the assets of the Building Services Division from Oldcastle Infrastructure, including the Selkirk, New York facility, to expand its geographic footprint and product portfolio in precast concrete products.
Showa Denko Carbon Inc., a graphite electrodes manufacturer, purchased a 50% stake in AMI Automation, a Mexican company specializing in industrial drive systems and meltshop solutions, forming a joint venture.
Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, acquired IRP Group, a designer and manufacturer of elastomeric sealing components for medical and aerospace markets.
Industrial Magnetics, Inc. acquired substantially all assets of Walker Magnetics Group, Inc., North America's oldest industrial magnet manufacturer, based in Worcester, Massachusetts.
KPM Analytics Inc. acquired EyePro System Srl, an Italian vision systems company specializing in inspection technology for the baking and snack industry. EyePro will join KPM's Sightline Process Control brand.
Adler Pelzer Group and Faurecia have agreed to exclusive discussions for APG to acquire Faurecia's Acoustics and Soft Trims (AST) division, which had EUR385 million sales in 2019 and employs about 1,820 people across Europe.
Astro Aerospace announced a binding agreement to acquire Horizon Aircraft Inc., creator of the Cavorite X5 eVTOL. The transaction is expected to close by the beginning of Q2 2021.
AvAir entered into an agreement with Sabena to acquire its maintenance, repair and overhaul surplus inventory, including consumables and expendables for Airbus, ATR and C130 aircraft.
Berlin Packaging announced the acquisition of French glass and metal packaging companies Sodis-Uhart and Audoubert, adding more than 9,000 square meters of warehouse space in southern France. It is Berlin Packaging's eleventh European acquisition since 2016.
Harwood Private Equity completed a management buyout of UK pharmaceutical and healthcare packaging maker Medica Packaging from Sullivan Street Partners. Managing director Gerard Harford and finance director Mark Stokes led the buyout.
Victaulic has purchased the Waupaca manufacturing plant in Lawrenceville, Pennsylvania, to increase its foundry production capacity by 70% and add approximately 90 new jobs.
StandardAero signed a definitive agreement to acquire Signature Aviation's Engine Repair and Overhaul (ERO) business, which includes five entities and employs around 1,100 people. The transaction is expected to close mid-2021.
Revolution acquired Jadcore, LLC, a Terre Haute, Indiana-based manufacturer of post-industrial recycled resin and plastic products.
AEye, a LiDAR solutions company, will merge with CF Finance Acquisition Corp. III, valuing AEye at a pro-forma enterprise value of $2.0 billion.
Ascend Performance Materials purchased Eurostar Engineering Plastics, a France-based compounder of flame-retardant engineered plastics.
JNS-SmithChem acquired CheMarCo Inc., a specialty regional distributor based in Greenville, SC.
KRAHN Chemie Group acquired majority stakes in six companies from Jollis AB & Partners, including AmphoChem AB and Pemco Additives AB.
Revolution Sustainable Solutions acquired Jadcore, LLC, a sustainable plastics manufacturer, to expand closed-loop capabilities and Midwest presence.
Fecon LLC, a portfolio company of LFM Capital, has acquired Vermeer Forestry Mulching Products, a manufacturer of tree-care, agricultural, underground construction, surface mining and environmental equipment. Terms were not disclosed.
iTAC Software AG, a Dürr Group member, has acquired 100% of Cogiscan Inc., a Canadian provider of machine connectivity and analytics software for electronics manufacturing. Cogiscan will continue to operate independently.
KAP AG announced the acquisition of an 80% stake in AerO Coated Fabrics B.V., a Dutch manufacturer of thermoplastic composite materials for niche markets such as CIPP liners and agricultural applications. The stake will be increased to 100%.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.