Roberts Mart & Co Ltd, a British flexible packaging company, has acquired a Comexi S1 DT slitter, its sixth Comexi slitter and second of this model, to improve quality and productivity.
Kennametal India's board approved the merger of its wholly-owned subsidiary WIDIA India Tooling into itself, effective April 1, 2021, to streamline operations and enhance customer solutions.
Investment firm Gyrus Capital signed an agreement to acquire LivaNova's heart valve business for an enterprise value of €60 million, including plants in Italy and Canada.
Deal Source Italia acquired a 70% stake in Pietribiasi Michelangelo, an Italian manufacturer of dairy and beverage processing machinery based in Marano Vicentino, to support growth.
Normec Group signed a definitive agreement to acquire Organic Waste Systems (OWS), a specialist in biodegradability testing and anaerobic digestion plant design, based in Gent, Belgium.
Universal Scientific Industrial (USI), an EMS subsidiary of ASE Technology, successfully acquired 100% stake in Asteelflash Group from Financiere AFG, as announced on 4 December 2020.
Lindab announced on 4 December 2020 the acquisition of Aer Faber, a Norwegian ventilation company based in Spydeberg near Oslo. Aer Faber has annual revenue of about NOK 50 million and 21 employees, specializing in rectangular ventilation ducts.
IMCD N.V. announced on 4 December 2020 the acquisition of two speciality chemical distributors in Mexico: Millikan S.A. de C.V. and Banner Química S.A. de C.V., both based in Mexico City. The combined revenue was USD 15 million in 2019, adding 60 employees.
ANDRITZ signed an agreement to acquire LM Industries, comprising Laroche SA and Miltec SA in France. Laroche is a supplier of fiber processing technologies including opening, blending, airlay web forming, and textile recycling. Closing is expected in early 2021.
Wuhan Boiler announced that its controlling shareholder, GE Steam Power Investments, plans to exit its stake in the company. GE currently holds 51% of Wuhan Boiler, and the exit plan is still being developed.
Motion Dynamics LLC, a portfolio company of Vance Street Capital, has acquired ViaMed Holdings LLC, a manufacturer of custom micro precision components for the medical device industry. Terms were not disclosed.
GRYB International has acquired Two Harbors Machine Shop (THMS) and the Serco loaders line from the Coolidge and Searson families, effective December 1, 2020. The acquisition strengthens GRYB's presence in the USA and expands its product line in mining, forestry, and material handling.
ASE Technology Holding's subsidiary USI Shanghai has completed the acquisition of 100% of Asteelflash Group for a closing consideration of US$421,481,287, including cash and shares. Asteelflash is a European EMS leader headquartered in France.
Protech Group has reached an agreement to acquire the industrial coatings business of Winslow Browning Inc., including its manufacturing site in Liberty, Indiana. The acquisition is expected to close on December 4, 2020.
Rolls-Royce has proposed to integrate its Hucknall facility and workforce into ITP Aero, and transfer the manufacture of aero-engine structures from its Barnoldswick facility to ITP Aero, to enhance ITP Aero's position as a global Tier 1 aerospace leader.
PALFINGER and SANY Heavy Industries are negotiating the reversal of their cross-holding, involving the sale of PALFINGER's 7.5% stake in Sany Automobile Hoisting Machinery to a SANY Group company in exchange for Sany Germany GmbH's approximately 7.5% stake in PALFINGER.
The Finnish Financial Supervisory Authority has approved the merger prospectus for the combination of Cargotec Corporation and Konecranes Plc through a statutory absorption merger, where Konecranes will be merged into Cargotec. Shareholders of Konecranes will receive Cargotec shares as consideration. The merger is subject to shareholder approval at extraordinary general meetings on 18 December 2020.
Custom packaging manufacturer Spartech has acquired Tufpak, a New Hampshire-based manufacturer of engineered plastic films for medical and biohazard applications, for an undisclosed amount.
Nesco Holdings announced a definitive agreement to acquire Custom Truck One Source for $1.475 billion. Platinum Equity will invest over $850 million in Nesco, and the combined company will be a leading provider of specialty rental equipment for infrastructure end-markets.
Private investment firm Graham Partners acquired Berry Global's North American extrusion, converting and coating business. It will combine with Graham's Advanced Barrier Extrusions (ABX) and operate under the ABX name.
Cleveland private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories (ERL) of New Albany, Indiana, and its subsidiary Law Valve of Texas. ERL makes pumping, gauging and venting equipment for tank barges.
Quincy Compressor acquired Scales Industrial Technologies, based in Carle Place, New York, which operates five locations in NY, NJ, PA, CT and MA. The deal was announced on April 14, 2016.
Xinyi Glass Holdings Limited, through its subsidiary Xielian Investment, has made a voluntary conditional cash offer to acquire all outstanding shares of China Glass Holdings Limited at HKD 0.90 per share, representing a 17.4% discount to the closing price. The offer also includes convertible bonds and options.
Eaglerise Electric Co., Ltd. (伊戈尔) has announced plans to acquire a 54.97% stake in Yunnan Transformer Electric Co., Ltd. (云变电气) from Shanghai Changwei Equity Investment Partnership, along with additional shares from other shareholders, through a cash payment and public listing process. The deal is subject to due diligence and regulatory approvals.
First Brands Group acquired Centric Parts, including its Centric, C-TEK, Posi Quiet, and StopTech product lines. The acquisition is effective immediately.
Gimv sold its majority stake in Climate for Life Holding, parent of Itho Daalderop and Klimaatgarant, to Parcom. The group is a Dutch market leader in sustainable HVAC solutions for energy-neutral living.
LyondellBasell and Sasol closed their 50/50 joint venture in Lake Charles, Louisiana, including a 1.5 MM ton ethane cracker and polyethylene plants. LyondellBasell will operate the assets and market the products.
PPG announced a definitive agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications, with locations in multiple countries.
Klingel Medical Metal, a portfolio company of IK Investment Partners, acquired puracon GmbH from SHS, a medical technology investor, to expand its services for medical technology customers.
Arjo announced the acquisition of AirPal, a US-based company specializing in Air-Assisted Lateral Patient Transfer solutions, to strengthen its Patient Handling portfolio in the US market.
Dallas private equity firm Crossplane Capital completed the acquisition of Griffin Dewatering, a Houston-based groundwater control and dewatering services provider with 11 US locations. The deal was announced on 2 December 2020.
Hanwha Solutions signed a deal to acquire a 100-percent stake in Cimarron Composites, a U.S.-based high-pressure tank manufacturer. Hanwha Solutions plans to invest at least USD 100 million in Cimarron Composites by 2025, including expansion of production facilities. The acquisition is expected to complete by April 2021.
Wirthwein AG acquired the remaining 50% stake in Shenyang Wirthwein Technology Co., Ltd. from its Chinese partner CAIP, effective December 1, 2020, making it a wholly-owned subsidiary.
Ichor Holdings acquired the Nogales, Mexico division of CR Machine for an undisclosed amount. The acquisition closed on December 1, 2020, and expands Ichor's precision machining capabilities for semiconductor capital equipment.
ACON Investments acquired Novipax, a U.S. market leader in absorbent pads for fresh meat and poultry packaging. Novipax has four manufacturing facilities in Pennsylvania, North Carolina, Mississippi and California.
Bombardier and Alstom announced that all necessary regulatory approvals have been received for the sale of Bombardier Transportation to Alstom. The transaction is expected to close on January 29, 2021.
Premier Tech, through its Water and Environment business group, acquired Aqua Assainissement SAS, AMI Assainissement SAS, and the assets of Neve Environnement in France. The acquisitions expand Premier Tech's services in onsite wastewater treatment systems and e-commerce for replacement parts.
Wolter Group LLC acquired A D Lift Truck, a family-owned forklift and material handling company serving the St. Louis Metro Area and Southern Illinois. The acquisition expands Wolter's footprint in the Midwest and adds Linde, Baoli, and Doosan forklift lines.
Boston Scientific announced the sale of its BTG Specialty Pharmaceuticals business to European specialty pharmaceutical group SERB for $800 million, completing the divestiture of non-device assets acquired with BTG.
Zimmer Biomet announced the acquisition of A&E Medical, a provider of cardiothoracic surgical products including sternal closure devices, for $250 million in cash, with $150 million paid at closing and $100 million in 2021.
Pankl AG Gruppe from Kapfenberg is acquiring Krenhof AG, a steel forging company in Köflach, Austria. The closing is expected in early 2021, and the forging units will be merged into one unit with about 350 employees.
New Water Capital portfolio company Emerald EMS acquired Saline Lectronics Inc. of Saline, Michigan, and Veris Manufacturing of Brea, California, both electronics manufacturing service providers. The acquisitions were announced on December 1, 2020.
Fenner Precision Polymers, a Michelin Group company, acquired MAV S.p.A., an Italian supplier of keyless-locking devices, shrink discs, and rigid couplings. The acquisition was announced on December 1, 2020.
Wipro Enterprises signed definitive agreements to acquire a controlling stake in Precision Automation and Robotics India (PARI), India's largest industrial automation solutions provider. The deal value is INR 6,000 million (approx. USD 81 million).
Sandvik has completed the acquisition of the entire business of Indian company Miranda Tools, which manufactures High Speed Steel and solid carbide round tools. The business will be part of Sandvik Machining Solutions' division Dormer Pramet.
Medartis Holding AG acquired a strategic minority stake of 25% in KeriMedical for CHF 10 million, with exclusive distribution rights in selected markets and a partnership in product development.
Amphenol Corporation announced a definitive agreement to acquire MTS Systems Corporation for approximately US$1.7 billion, including the assumption of debt and liabilities.
The Timken Company acquired the assets of Aurora Bearing Company, a manufacturer of rod ends and spherical plain bearings. Aurora's sales are expected to be around $30 million in 2020.
Berlin Packaging has acquired Italian plastic packaging company Pentapackaging, based in Bergamo. It is the ninth Berlin Packaging acquisition in Europe since 2016.
Flexible packaging company ProAmpac, a portfolio company of Pritzker Private Capital, acquired Canadian packaging manufacturers Rosenbloom Groupe, Hymopack and Dyne-A-Pak. The deal was reported on 2 December 2020.