Motion Industries, a distributor, acquired TRC Hydraulics, a Canadian-based supplier of hydraulic products and services with facilities in Atlantic Canada and Spartanburg, South Carolina.
BC Partners agreed to acquire up to 45% of SOFIMA, the controlling entity of IMA S.p.A., and will launch a mandatory tender offer for the remaining shares, valuing IMA at €2.93 billion, aiming to delist from the Milan Stock Exchange.
Triumph has agreed to sell its composites business in Milledgeville, Georgia, and Rayong, Thailand, to private equity firm Arlington Capital Partners. The deal includes about 600 employees and 800,000 square feet of factory space.
US LBM Holdings has acquired Maner Builders Supply, a building products dealer with locations in Augusta, Georgia, and Aiken and Charleston, South Carolina. The acquisition expands US LBM's presence in the Southeast.
Sotera Health announced on August 3, 2020, that it has acquired Canadian-based Iotron Industries, a provider of electron beam sterilization with facilities in Indiana, British Columbia and Alberta. The acquisition expands Sterigenics' EBeam footprint.
Astor Place Holdings acquired a majority interest in Douglas Electrical Components, a manufacturer of hermetic components and interconnect solutions based in Randolph, New Jersey.
Comforta, part of Lindström Group, acquired all shares and business of Lännen Tekstiilihuolto Oy, a textile service company in Pori, Finland, including equipment, premises, and customers.
Indorama Ventures agreed to acquire IMP Polowat, a PET recycling business with two sites in Bielsko-Biala and Leczyca, Poland, with combined capacity of 23,000 tonnes of rPET flakes and 4,000 tonnes of rPET pellets. Closing is expected in Q3 2020, subject to regulatory approvals.
Atlas Copco acquired the assets of THN Druckluft and Produktions GmbH & Co.KG, a compressed air and service provider based in Erkelenz, North Rhine-Westphalia, Germany, on August 4, 2020. The purchase price was not disclosed.
Specialty Products Company acquired the assets and team of Peterson Fluid Systems, a maker of performance oil pumps, tanks and fluid system components, in Henderson, Colorado.
U.S. Corrugated Inc and McKinley Paper Co, a subsidiary of Bio PAPPEL, have been amalgamated to form a vertically integrated paper and packaging company with mills and box plants in the US and Mexico.
De Jong Packaging completed its acquisition of a majority stake in Bangma Verpakking, adding an erecting center in Dronten, the Netherlands, after Dutch competition approval.
Private equity firm SK Capital is purchasing the specialty polymers business of Baker Hughes, which operates a plant in Barnsdall, Oklahoma, making low-molecular-weight olefin polymers. The business should be independent by year's end.
Siemens Healthineers announced it will purchase all shares of Varian Medical Systems for $177.50 per share in cash, a total of $16.4 billion. The merger aims to create a global leader in cancer care, with Varian retaining its brand. The transaction is expected to close in the first half of 2021.
Arkle Partners completed the acquisition of Alco Valves Group Limited from Graco Inc. on 10 July 2020. Two Alco managers left to remain with Graco.
IMCO Carbide Tool Inc. has been acquired by IMC Group, a Berkshire Hathaway company. IMCO will continue operations from Perrysburg, Ohio, producing end mills under the IMCO brand.
Chiron Group acquired Mecatis SA, a Swiss specialist in small, high-precision machining centers, effective August 1, 2020. Terms were not disclosed.
Chinese automotive supplier Fawer Automotive Parts is acquiring ABC Umformtechnik, a German market leader in wheel bolts, from Altenloh Brinck & Co. The transaction is subject to regulatory approvals from Germany and China.
TEFCOLD Group has acquired Nosreti Velkoobchod, a commercial cooling distributor in Czech Republic and Slovakia, as of August 1, 2020.
Sodecia has signed an asset purchase agreement to acquire the assets and business activities of B&B Holding GmbH & Co. KG and BRAUN CarTec GmbH through its newly incorporated subsidiary Sodecia Automotive Oelsnitz GmbH.
UBE Machinery and U-MHI Plastech Co., Ltd. (formerly Mitsubishi Heavy Industries Plastic Technology) merged as of August 1, 2020, with the combined company operating under UBE Machinery, headquartered in UBE City, Japan.
CIT Relay & Switch acquired competitor Picker Components to enhance its portfolio of electro-mechanical relays and switches.
Entegris Inc has acquired Global Measurement Technologies Inc (GMTI), a provider of analytical instruments for semiconductor production, and its manufacturing partner Clean Room Plastics Inc.
Medical Developments International (MVP) will buy back the European Union rights to its Penthrox methoxyflurane inhaler from Mundipharma for €3 million, plus a 5% royalty up to a maximum of €5 million. A 6-month transition period begins September 1, 2020.
United Tool and Machine has acquired Morton and Company. No financial details were disclosed.
Nissha Co., Ltd.'s subsidiary Nissha Medical Technologies has signed a definitive agreement with Olympus Surgical Technologies America to acquire Olympus Group's Norwalk, Ohio medical manufacturing operation. The acquisition is scheduled to close in Q4 2020.
Glebar Company has acquired Everite Machine Products. No financial details were disclosed.
Motion Industries, a subsidiary of Genuine Parts Company, acquired TRC Hydraulics, a Canadian hydraulic products supplier, and F&L Industrial Solutions, a distributor of T-slotted aluminum extrusion components. Both transactions closed effective August 1, 2020.
Big Shoulders Capital of Northbrook, Illinois acquired F.H. Ayer Manufacturing Company, a Chicago Heights rebuilder of industrial pumps, turbines, gearboxes and valves, in a deal advised by Houlihan Capital. The sale was reported as August 2020.
Breedon Group's £178 million deal to buy approximately 100 Cemex sites across the UK raises competition concerns in 15 local markets for ready-mixed concrete, aggregates and asphalt, the CMA found.
Dantherm Group acquired SET Energietechnik GmbH, a German manufacturer of heating and dehumidification products for swimming pools, effective July 31, 2020.
First Brands Group, a global automotive parts manufacturer, has acquired Brake Parts Inc., which manufactures Raybestos branded brake parts, and Champion Laboratories Inc., a filtration manufacturer with LuberFiner brand. The acquisitions are effective immediately.
BAE Systems completed its $1.9 billion purchase of Collins Aerospace's military GPS business from Raytheon Technologies Corporation, including 700 employees and over 1.5 million GPS devices installed on more than 280 weapons systems.
Hromatka Group has reached an agreement to take a majority stake in Guzman Polymers, a distributor and commercializer of polymers. The deal was set in 2019 and accelerated by the Covid pandemic.
The FROMM Group announced the acquisition of Finnish stretch wrapping machine manufacturer Octomeca OY, based in Naantali, Finland.
Mitsubishi Heavy Industries announced it will fully acquire Mitsubishi Hitachi Power Systems (MHPS) from Hitachi on September 1, 2020, making it a wholly owned subsidiary and renaming it Mitsubishi Power.
Advent International and Cinven completed the acquisition of thyssenkrupp Elevator, which will operate as an independent company. The deal received unconditional regulatory approval.
Neuman & Esser Group acquired Norwalk Compressor Co. of Stratford, Connecticut, including its manufacturing assets, products, trademarks and workforce. The announcement was made on 2020-07-31.
Konzmann Group acquired Trenker GmbH, a refrigeration and climate technology company based in Garching near Munich, Germany. The acquisition includes 31 employees and expands Konzmann's refrigeration portfolio.
Gerhard Springmann, managing shareholder of Springmann Maschinenbau GmbH, has acquired the business of Leipert Maschinenbau GmbH from Anja van de Ven. The acquisition was announced on July 30, 2020.
PAI Partners entered exclusive negotiations to acquire a majority stake in Amplitude Surgical, a French surgical technology company, at €2.15 per share. The transaction is subject to regulatory approvals and is expected to close in H2 2020.
Eurazeo, through its subsidiary Eurazeo PME, signed an exclusivity agreement to invest about €80 million to acquire a majority stake in UTAC CERAM, a French automotive testing and homologation group.
Marston's and Carlsberg UK announced a joint venture, Carlsberg Marston's Brewing Company, valuing Marston's brewing business at £580 million and Carlsberg UK brewing at £200 million. Marston's will hold a 40% stake and Carlsberg 60%, with completion delayed to Q4 2020 pending CMA review.
Josab Water Solutions AB has signed a term sheet to acquire 100% of the shares in Clear Industry Co. Ltd., a Hong Kong holding company with subsidiaries in China focused on kitchen waste and industrial wastewater treatment. The purchase price is based on 10x guaranteed average annual profit over 24 months, potentially up to 125 million RMB.
DuPont acquired OxyMem, a developer of membrane aerated biofilm reactor (MABR) technology for wastewater treatment, and Desalitech, a provider of closed-circuit reverse osmosis (CCRO) solutions. The acquisitions expand DuPont's water treatment portfolio into secondary wastewater treatment and high-recovery RO systems.
Mitsubishi Chemical Corp. announced on July 30, 2020, that it will acquire two German carbon fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG and carboNXT GmbH, through its subsidiary Mitsubishi Chemical Advanced Materials AG. The acquisition includes manufacturing equipment, intellectual property and other assets, and is slated for completion around early August 2020.
Soldatal, parent of SDT Air, signed a sale agreement to acquire the machining production unit of the FES Technology Centre in Ripoll, Girona. The site adds 1,400 m2 of plant space for SDT Air's capacity expansion.
De Jong Verpakking Holding, a Dutch corrugated board manufacturer, took over Bangma Verpakking in Dronten, gaining a presence in Flevoland. The Dutch competition authority approved the deal; the amount was not disclosed.
STX was notified on July 29, 2020 that it has been selected as the preferred bidder for the acquisition of PK Valve Co., Ltd. Final details have not yet been announced.
Enginuity Power Systems acquired engine builder Katech Inc. earlier in 2020 to accelerate commercialization of its E|ONE home generation appliance. Katech will deliver up to 100 engines for the E|ONE over the next year.