Carter Machinery, a Caterpillar dealer based in Salem, Virginia, announced an agreement to acquire the assets of Baltimore-based Alban Tractor Co. The acquisition will expand Carter's service territory to include Maryland, Delaware, Virginia, and Washington, D.C. Terms were not disclosed.
Highlander Partners signed a definitive agreement to sell Polish packaging maker Akomex Group to co-founder Sebastian Śliwa and management, with support from AMC Capital, subject to antimonopoly approval.
ILC Dover, a specialized engineering development and manufacturing company, was acquired by New Mountain Capital, a New York investment firm, from Behrman Capital. Terms were not disclosed.
Yleiselektroniikka Oyj signed an agreement to acquire all shares in Machinery Group Oy for a cash consideration of EUR 18.750 million. The acquisition is conditional on approval by an extraordinary general meeting expected on 2 March 2020.
The European Commission approved the joint takeover of Czech steel service center Steel Center Europe (SCE) by Spanish Bamesa Aceros and Japanese trader Sumitomo. Following the transaction, Bamesa and Sumitomo will each hold a 50% stake in SCE.
Azek Co. acquired Return Polymers, an Ohio-based PVC recycler, to enhance in-house PVC recycling capabilities.
Yanfeng announced it will acquire Adient's stake in their automotive interiors joint venture.
Ixom Watercare Inc., a subsidiary of Keppel Infrastructure Trust, finalized the acquisition of Medora Environmental, a US-based source water treatment solutions provider. Terms were not disclosed.
LafargeHolcim is planning to sell its South African operations, working with Credit Suisse to find a buyer. The sale is part of the company's portfolio streamlining.
Funds advised by Magnesium Capital acquired Rope Partner, an international wind turbine blade repair and maintenance company headquartered in Santa Cruz, California. Terms were not disclosed.
Barloworld agreed to buy 100% of Wagner Asia Equipment and 49% of SGMS in Mongolia for about R3.252bn. The businesses distribute Caterpillar equipment and will be combined with Barloworld's Russian unit.
Oman's Raysut Cement Co has begun discussions to acquire a 75% stake in LafargeHolcim Maldives from Switzerland-based Cementia AG. The board has approved the move in principle.
Elis finalized the acquisition of 100% of Textile Washing Company, a family-owned group in Kralovice, Czech Republic, specializing in flat linen rental for the hospitality sector. The company had revenue of about €4.5 million in 2018.
Bengal Machine, parent company of Schutte Hammermill, acquired a majority interest in CSE Bliss Manufacturing, a hammer mill manufacturer in Ponca City, Oklahoma. Terms were not disclosed.
BOQI International Medical Inc. entered into a stock purchase agreement to acquire Chongqing Guanzan Technology Co., Ltd., a Chinese medical distributor, for RMB 100,000,000 in stock and cash, with closing expected around April 20, 2020.
Specialty chemicals company LANXESS completed the acquisition of Itibanyl Produtos Especiais Ltda. (IPEL), a Brazilian biocide manufacturer based in Jarinu, São Paulo. The acquisition strengthens LANXESS's position in antimicrobial active ingredients and formulations.
The RAJA Group is acquiring JPG, Bernard, Mondoffice and Kalamazoo, with a combined turnover of £320m, to reach its target of €1bn in sales.
Nosco, a subsidiary of Holden Industries, acquired the assets of Haapanen Brothers, a graphic arts and printing company in Gurnee, Illinois. The site will keep operating under the Nosco name with its existing staff.
General Data acquired AmeriGraph Packaging Group, a producer of prime labels and shrink sleeve packaging for consumer goods and food, on February 3, 2020. Terms were not disclosed.
Gardner Denver completed its merger with the Ingersoll Rand Industrial segment on 29 February 2020, forming Ingersoll Rand Inc. with over 16,000 employees. The combined company makes air compressors, pumps, blowers and fluid management systems.
Italian closure maker Enoplastic and France's Sparflex signed a strategic agreement to merge and create a global leader in wine and spirits closures. The combined company has 13 production sites across six countries.
Manuli Rubber Industries completed the acquisition of a majority shareholding in RYCO Hydraulics, merging its Manuli Hydraulics and Fluiconnecto divisions into RYCO. The combined business has sales approaching €500 million.
Franklin Electric acquired the product lines, assets and manufacturing process of CPS Pumps, LLC in Rossville, Tennessee for $6.3 million, with the Rossville employees joining Franklin Electric. The business will be integrated into its Global Water unit.
PSC Consulting acquired the power systems department of Ramboll Group on February 2, 2020.
Carbopress S.p.A. acquired full equity in Gurit Hungary Kft, the automotive business of Gurit, an advanced composite parts manufacturer.
In February 2020, Swan Electric, a subsidiary of Mobicon, obtained majority shares of Switch Technique KZN. The acquisition expands Swan's product offering in South Africa.
Master Sistemas Automotivos (Freios Master) acquired die casting enterprise Ferrari Indústria Metalúrgica Ltda for BRL 14 million (USD 2.8 million). The deal was finalized in February 2020.
CES, Inc. acquired water/wastewater engineering firm Haley and Ward on February 1, 2020.
Newtek Automotive USA has taken over China Yantai Friction Co. (CYFC) of Penglai, Shandong Province, China, effective February 1, 2020. The facility produces brake pads for OE and aftermarket.
Nuvoco Vistas Corporation, part of the Nirma Group, entered into a share purchase agreement to acquire 100% of Emami Cement for an enterprise value of Rs 5,500 crore, including plants in Chhattisgarh, Bihar, West Bengal, and Odisha.
Supreme Nonwovens Group, through its Thailand subsidiary Supreme Feltol Thailand, completed the acquisition of the automotive interior trims and NVH business of Futuris Automotive, a subsidiary of Adient Plc. The acquisition adds a second plant in Eastern Seaboard, Thailand, employing 230 staff.
Prairie Capital-backed AlpHa Measurement Solutions acquired Van London Co., a designer and manufacturer of electromechanical analytical sensors for water and industrial applications. Van London is headquartered in Houston, Texas.
Dumont Investissement, majority shareholder of Groupe SAMSE, finalized the acquisition of a 21.13% stake from BME France (formerly CRH France Distribution), financed through a capital increase and loans. The deal values the stake at €136 million.
Versalis, Eni's chemical company, acquired a 40% stake in Finproject, an Italian leader in polymer compounding and ultralight products, from VEI Capital fund. The deal was announced on February 26, 2020.
LeBaronBrown Specialties LLC acquired a majority interest in Dien, Inc., a specialty chemical and ingredients distributor based in Dallas, Texas.
Welch Packaging has acquired Tri-Lakes Container, a corrugated packaging supplier in Pierceton, Indiana. Terms were not disclosed.
Three Nebraska-based John Deere dealerships—Green Line Equipment, Stutheit Implement, and Plains Equipment Group—announced a merger to form AKRS Equipment Solutions, combining 27 dealerships across Nebraska and Kansas. The deal is expected to close by end of March 2020.
Adient will sell certain patents and intellectual property used in its seating mechanisms business to Adient Yanfeng Seating Mechanism (AYM) for $20 million, with a license back.
Adient will sell its 30 percent ownership stake in Yanfeng Automotive Interiors to Yanfeng for $379 million, as part of a restructuring of their joint venture relationships.
U.S. Steel Corp. is acquiring a majority interest in Big River Steel, a minimill, and intends to own all of it in the near future.
Cleveland-Cliffs Inc. and AK Steel Holding Corp. have agreed to a transaction under which Cliffs will acquire all shares of AK Steel common stock, creating a vertically integrated producer of iron and steel products.
Chroma Color Corp. has acquired Plastics Color Corp., including two manufacturing facilities in Calumet City, Illinois and Asheboro, North Carolina. Terms were not disclosed.
CCL Industries Inc. has acquired privately owned Ibertex Etiquetaje Industrial S.L.U. and Eti-Textil Maroc S.a.r.l. AU for an enterprise value of approximately $19.6 million. The acquisition will integrate into the Apparel Labeling Systems business of Checkpoint.
San Miguel Corp. subsidiary First Stronghold Industries Inc. plans to acquire 85.7% equity interest in Holcim Philippines Inc. for $2.15 billion. The Philippine Competition Commission raised antitrust concerns over the deal.
Xandor Automotive GmbH, a specialist in plastic injection-molded parts and fluid transport products for light vehicles, has acquired Rosti Automotive AB.
Adient has agreed to sell its 30 percent ownership stake in Yanfeng Global Automotive Interior Systems (YFAI) to Yanfeng for $379 million, and sell patents for $20 million, while extending the YFAS joint venture to 2038.
San Miguel Corp., through subsidiary First Stronghold Cement Industries, proposed to acquire 85.73% of Holcim Philippines for $2.15 billion, but the Philippine Competition Commission raised concerns about reduced competition in the grey cement market.
CCC Holdings Europe S.p.A. has acquired Roen Est S.p.A., an Italian manufacturer of heat exchangers and ventilation units for the HVACR industry, with €35 million in 2019 revenues and 400 employees.
Starview Packaging Machinery, Inc. announced the acquisition of Visual Packaging LP USA, adding manufacturing facilities in the USA and Canada to better serve the North American market.
JOST Werke AG acquired Ålö AB, a supplier of front-end loaders for agricultural machinery, from Altor Funds for an enterprise value of €250 million.