Endries International has acquired K&L Sales, Inc., a Wisconsin distributor of riveting products, fasteners and installation tools. K&L also offers vendor managed inventory services and a tool repair center.
Cargotec and Konecranes have signed a combination agreement and merger plan under which Konecranes will be merged into Cargotec. The combined company would have illustrative annual sales of about EUR 7.0 billion.
Novelis Inc. finalized the sale of the former Aleris aluminium plant in Duffel, Belgium, to Alvance, the international aluminum business of the GFG Alliance, for €310 million. The divestment was a condition of Novelis' earlier acquisition of Aleris.
Sage Automotive Interiors, an Asahi Kasei company, completed its acquisition of Adient's automotive fabric business for $175 million. The deal expands Sage's capacity and capability in the European automotive interior market.
Solina, a European producer of savoury ingredients solutions, announced the completion of the acquisition of Bowman Ingredients, a UK-based supplier of coating systems including breadcrumbs, batters and marinades. Bowman has four sites in the UK and one in Poland.
Snam, through its subsidiary Snam4Environment, has completed the acquisition of a 50% stake in Iniziative Biometano from Femogas for approximately €10 million. Iniziative Biometano operates biogas and biomethane plants in Italy.
Kera Group has acquired the skylight and smoke ventilation business of BMI in Norway, Poland, Denmark and Sweden, including the brands Awak, Optilite, Brave and Everlite, and four factories. The deal covers more than 100 employees.
Novelis Inc., wholly owned subsidiary of Hindalco Industries, has completed the acquisition of Ohio-based Aleris for an enterprise value of $2.8 billion. The deal includes 13 plants across North America, Europe and Asia, with required divestitures of plants in Lewisport, Kentucky and Duffel, Belgium.
PowerVerde Inc. and 374Water Inc. have executed a binding Letter of Intent to merge. The combined company will offer a water and waste resource recovery system using Supercritical Water Oxidation and PowerVerde's wet steam cycle.
The Hromatka Group completed the acquisition of a majority stake in Guzman Polymers SL, a polymer distributor based in Valencia, Spain. The deal includes Guzman Polymers' subsidiaries in Spain, Italy and Turkey, and its 50% stake in a Portuguese joint venture.
Great Wall Motors (GWM) signed a share sales and purchase agreement with General Motors to acquire GM's vehicle assembly and powertrain facilities in Rayong, Thailand. GWM plans to begin production in the first quarter of 2021 and renovate the plant into a smart factory.
Lanxess agreed to sell its organic leather chemicals business to TFL Ledertechnik GmbH for a fixed €80 million plus an earn-out of up to €115 million. The transaction includes about 460 employees and production sites in Leverkusen, Filago, and Changzhou, and is expected to close around mid-2021.
Consolidated Machine & Tool Holdings, a portfolio company of White Wolf Capital, acquired Delva Tool & Machine Corp, a contract machining and fabrication company serving aerospace and defense customers. Terms were not disclosed.
CoolSys, a provider of refrigeration and HVAC services, acquired Carolina Refrigeration Services Inc, a commercial HVAC and refrigeration company serving the southeastern US. The acquisition expands CoolSys' presence in the region.
Royal DSM has agreed to sell its Resins & Functional Materials businesses to Covestro AG for an equity value of €1.6 billion. The transaction is expected to close in H1 2021.
Fitesa has announced it will acquire FiberDynamics, a North Carolina-based company that makes meltblown and carded nonwovens.
Laboratoires Innothera S.A.S completed the acquisition of Gibaud SAS from Össur hf. on September 30, 2020, for an enterprise value of €21 million.
BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star on September 30, 2020, for €3.17 billion. The business now forms the MBCC Group headquartered in Mannheim, Germany.
Packaging converter ALPLA has acquired an Amcor facility in Alandi, near Pune in Western India, that produces PET bottle preforms, and will take over all 50 employees. The site becomes ALPLA's ninth location in India.
Winning Group, through its subsidiary Winning BLW GmbH, has signed a definitive agreement to acquire the assets of SONA BLW PRÄZISIONSSCHMIEDE GMBH and SONA AUTOCOMP GERMANY GMBH from insolvency, saving around 960 jobs across three German facilities.
Bombardier Aviation entered into share purchase agreements with Lufthansa Technik and ExecuJet Aviation Group to acquire all outstanding shares of Lufthansa Bombardier Aviation Services, establishing a wholly-owned service center in Berlin, Germany.
Bombardier has reached share purchase agreements to acquire all outstanding shares of the Lufthansa Bombardier Aviation Services (LBAS) joint venture from Lufthansa Technik and ExecuJet Aviation Group. The deal will give Bombardier a wholly owned service centre in Berlin.
Newater Technology has entered into a merger agreement with Crouching Tiger Holding Limited, under which Parent will acquire the company for US$3.65 per common share. The merger will take Newater private.
Lerman Enterprises, South Bend, Ind., purchased Welded Tubes Inc. (WTI), Orwell, Ohio, a producer of high-volume, small-diameter tubing for the automotive industry. WTI joins Lerman Enterprises' Lock Joint Tube Co.
Smith & Nephew has struck a deal to buy the extremity orthopaedics business of Integra LifeSciences for $240 million. The acquisition includes shoulder replacement products and other devices that generated $90 million in revenue last year.
Ube Industries and Mitsubishi Materials have formally resolved to integrate their cement and related businesses by April 2022. A new joint venture company will be established in April 2021, with each company holding 50%.
Suez Cement, owned by HeidelbergCement France SAS, has launched a mandatory tender offer to acquire up to 100% of the issued capital of Tourah Portland Cement Company at EGP 7.18 per share.
NextEra Energy Transmission entered into definitive agreements to acquire GridLiance from affiliates of Blackstone for approximately $660 million, including assumption of debt. GridLiance owns about 700 miles of high-voltage transmission lines.
Arkema announced the proposed acquisition of Fixatti N.V., a Belgium-based company specializing in high performance thermobonding adhesive powders, to reinforce Bostik's global offering. Closing is expected in Q4 2020, subject to antitrust approvals.
Avantus Aerospace, a global provider of C-Class and Composite parts for aerospace and defense, acquired Fastener Innovation Technology Corporation (FIT) in Rancho Dominguez, California. FIT manufactures high-strength specialty fasteners for military and commercial aerospace applications.
IMA Dairy and Food has signed an agreement to acquire a majority stake in INTECMA S.A., a Spanish packaging machinery company specializing in form-fill-seal machines and sustainable packaging technology.
Shareholders of Montreal-based sustainable packaging provider IPL Plastics agreed to the company's sale to an affiliate of Madison Dearborn Partners, reported September 29, 2020.
Valmet proposed to the Neles board on 29 September 2020 to start talks on a statutory merger of the two Finnish companies. Valmet had already built its Neles stake to 29.5%.
Hitachi ABB Power Grids has acquired Pioneer Global Solutions, a provider of the TRMTracker multi-commodity trading and risk management platform, to expand its Energy Portfolio Management offering.
Velodyne Lidar completed its acquisition of Graf Industrial Corp. in a reverse merger transaction valued at $2.1 billion, becoming a publicly traded company.
TES America LLC acquired certain assets of 3M Touch Systems, a subsidiary of 3M Company specializing in touch components and displays for commercial applications.
Private equity firm MiddleGround Capital acquired majority ownership of Dura Automotive Systems, a global designer and manufacturer of automotive systems including mechatronics, lightweight structures and exterior trim.
C-Innovation, an affiliate of Edison Chouest Offshore, acquired a controlling interest in Caltex Oil Tools, a Houston-based provider of equipment rentals and services for the offshore industry.
EQT IX agreed to acquire the Natural Colors division of Chr. Hansen for €800 million ($934 million). The division, based in Hørsholm, Denmark, serves the food and beverage industry with natural colors from fruit and vegetable concentrates.
Metalife, a KOSDAQ-listed company, acquired B&C Tech, a firm specializing in aluminum DIP brazing and military environmental control systems, to maximize synergy in the defense sector. The acquisition was announced on September 28, 2020.
Tapì Group announced the incorporation of Les Bouchages Delage, a French leader in closure production for premium alcoholic drinks. The combined group will offer a comprehensive portfolio of closures for premium and super-premium spirits.
Bekaert and Almasa have agreed to merge Proalco SAS (Bekaert subsidiary) with Almasa's steel wire activities in Colombia, creating a 50/50 joint venture expected to close before year-end 2020, adding approximately €20 million in annual revenue.
Atlas Copco agreed to acquire Perceptron, a US supplier of automated metrology solutions, for $7.00 per share, representing an enterprise value of $62.7 million and total purchase price of $68.9 million.
VRM Group, through its subsidiary Luxury Metal Finish, has acquired Metalplus, a Tuscan company specializing in metal accessories for high fashion. Metalplus will remain in the Florence Fashion District.
ArcelorMittal is in talks to merge its U.S. assets, valued between $2 billion and $3 billion, with Cleveland-Cliffs. The deal would follow Cleveland-Cliffs' acquisition of AK Steel for $3 billion in March 2020.
SIGA has acquired the business and assets of Wolverhampton-based Stabilised Transformers Limited in February 2020, extending its capability to design, manufacture and test a new range of transformers. Production is being transferred to SIGA's facility in Sandy, Bedfordshire.
HK Präzisionsteile GmbH is acquiring the turning production area of Telegärtner Gerätebau GmbH, effective October 1, 2020. The business will continue at the Klingenberg site under HK Präzisionsteile GmbH.
CONDAT SA has completed the acquisition of Italian company KEMNO, a specialist in neat and soluble coolants for cold heading and metalworking. The deal closed on 25 September 2020, and CONDAT will create a new subsidiary, CONDAT ITALIA.
American & Efird, a division of Elevate Textiles, agreed to purchase the high-performance yarn business of Charles Craft, including its manufacturing operation in Hamer, South Carolina. The deal is expected to close in early October 2020.
Medline completed the acquisition of ConvaTec's Aloe Vesta and Sensi-Care skin care product lines for the U.S., Canadian, and global markets outside North America.