BASF closed the acquisition of Solvay's polyamide (PA 6.6) business on January 31, 2020, for €1.3 billion, including eight production sites and stakes in two joint ventures.
DXP Enterprises completed its acquisition of Turbo Machinery Repair, a pump and industrial equipment repair and machining company in Richmond, California, funded with cash on hand. Financial terms were not disclosed. Signing occurred on January 31, 2020.
Italy's Enoplastic and France's Sparflex agreed a strategic merger to create a global leader in wine and spirits closures, with 13 production sites in 6 countries and a commercial presence in more than 90 countries. Investment firm Cobepa and the Moglia and Soutiran families remain shareholders.
OEM International AB acquired Zoedale Ltd in the UK, a group with annual sales of GBP 3 million whose brands include ASCO, Valpes, Omal, Bernard Controls and Peter Paul, which make valves and actuators. The deal was announced on 31 January 2020.
Ethica Global Investments S.p.A., together with co-investors, acquired 67.5% of Resitape srl, a PTFE tape and filament manufacturer based in Liscate, Italy. The deal was a leveraged buy-out with the current owners retaining a 23% stake.
Knorr-Bremse AG signed an agreement to acquire R.H. Sheppard Co., Inc., a manufacturer of steering systems for commercial vehicles in North America, for a purchase price of USD 149.5 million. The acquisition is expected to close in the first half of 2020.
Saint-Gobain announced it will acquire all outstanding shares of Continental Building Products for $37.00 per share in cash, valued at approximately $1.4 billion (€1.3 billion). The deal is expected to close on February 3, 2020, following regulatory and shareholder approval.
Environmental Energy Services, Inc. (EES) acquired the exclusive intellectual property rights and all associated assets for Amended-Silicate Technology from Novinda Holdings, Inc. The technology is used for mercury control from utility and industrial power plants.
Siemens India announced the acquisition of Delhi-based C&S Electric for Rs 2,100 crore, which is expected to create India's second-largest player in the low voltage switchgear market. The deal is pending approval from the Competition Commission of India.
KEBA AG, an automation specialist based in Linz, Austria, acquired LTI Motion GmbH, a supplier of high-tech drive solutions in Lahnau, Germany, at the end of 2018. One year later, on January 30, 2020, the company renamed LTI Motion GmbH to KEBA Industrial Automation Germany GmbH to highlight the seamless portfolio.
Qorvo, a North Carolina-based maker of radio-frequency semiconductor components, has acquired Dublin-headquartered Decawave, a provider of ultra-wideband wireless technology, in a deal estimated at $400 million.
Qorvo announced it will pay approximately $500 million to acquire Decawave, a UWB technology company based in Dublin, Ireland, and Custom MMIC, a fabless semiconductor firm based in Chelmsford, Massachusetts. The deals were signed in the current quarter and are expected to close in February 2020.
TriMas signed an agreement to acquire the Rapak brand, bag-in-box product lines and assets from Liqui-Box after Liqui-Box completes its purchase of DS Smith's Plastics Division, including facilities in Indianapolis, Union City and the Chicago area.
Barro Group acquired a 43% stake in Adelaide Brighton over a number of years. The ACCC closed its investigation, finding the acquisition will not substantially lessen competition.
Consolidated Aerospace Manufacturing (CAM) entered into an agreement to be acquired by Stanley Black & Decker. CAM designs and manufactures hardware and fastener solutions for aerospace applications.
United Technologies announced that the spin-off of its Carrier air conditioning and refrigeration subsidiary is substantially complete and expected to occur early in the second quarter of 2020.
PASSER Group AS, a Norwegian EPCI supplier, acquired a part of the shares of SIDC Group UAB. The rebranding will result in SIDC Group becoming PASSER SIDC.
Sverige Netherlands B.V., an investment holding linked to PT Asia Pacific Fibers Tbk, agreed to acquire all assets of the ADVANSA Group, including ADVANSA GmbH and related companies. About 165 employees will continue with the new group.
USCO S.p.A., a portfolio company of One Equity Partners, acquired a 75% stake in Strickland Tracks Limited, a UK-based manufacturer of undercarriage crawler tracks. The acquisition allows USCO to enter the OEM segment for medium-low weight machines and expand its UK presence.
Israeli conglomerate Managro acquired the Cali, Colombia operations, brands, and machinery of Pacific Fruits, a leading avocado packing and commercialization company, for an undisclosed amount.
Celanese Corporation signed an agreement to acquire Nouryon's redispersible polymer powders business (Elotex brand), including global production facilities in Europe and Asia, technology, and commercial facilities.
Emeco Holdings signed a binding agreement to acquire Pit N Portal Mining Services and Pit N Portal Equipment Hire for an enterprise value of A$72 million ($49 million), consisting of A$62 million in cash and A$10 million in shares.
Corrugated packaging supplier Sandland Packaging has come under new ownership through a Buy-In Management Buyout, following a reported £5m investment.
Noteholders of Lecta completed the acquisition of Lecta, a pulp and paper company, via a recapitalisation that moved Sub-Lecta under a newly incorporated UK company and exchanged senior secured notes for new debt and equity. Financial terms were not disclosed.
Maxcess International announced on January 28, 2020, that it would merge RotoMetrics into its umbrella, adding a rotary diecutting component to its web handling portfolio.
O2 Investment Partners acquired First Class Air Support, Inc. and Cargo Repair, LLC from their founder. The transaction was completed on January 28, 2020.
Construction Supply Group, a portfolio company of The Sterling Group, has acquired Hub Construction Specialties, a construction supply and concrete accessory provider with 15 branches in California and Arizona.
Maxcess announced its intent to merge with RotoMetrics, combining their web handling and precision cutting die businesses under the Maxcess International name.
Beijer Ref AB signed an agreement to acquire all shares in Australian HVAC company ACD Trade. The deal strengthens Beijer Ref's presence in Australia and the Asia Pacific region.
Rosenberger Hochfrequenztechnik acquired a majority interest in Aifotec AG from GUB Investment Trust. The deal aims to expand Rosenberger's competence in photonics and microassembly.
NTPC's board approved the acquisition of a 100% stake in NEEPCO and a 74.5% stake in THDC India from the Indian government. The deals are valued at an estimated INR15bn ($210m).
TSI Solutions acquired the assets, employees, and customer contracts of SherTek, an industrial automation solutions provider in Georgia. The combined business will operate under the TSI Solutions brand.
Silgan Holdings signed a binding offer to acquire the dispensing business of Albea for $900 million, adding engineered pumps, sprayers and foam dispensing solutions for personal care. Completion is subject to regulatory approvals and is expected in the first half of 2020.
Graphic Packaging agreed to acquire Greif's Consumer Packaging Group business for approximately $85 million, adding seven US converting facilities with over $200 million in annual revenue, with closing expected in Q1 2020.
BorgWarner agreed to acquire Delphi Technologies in an all-stock transaction valuing Delphi's enterprise value at approximately $3.3 billion, strengthening its power electronics and propulsion capabilities.
H2O Innovation Inc. acquired bestUV, a Dutch manufacturer of ultraviolet water disinfection systems, to enter the UV disinfection market.
Capgemini's friendly tender offer for Altran Technologies has succeeded, with Capgemini holding 53.57% of Altran's share capital and at least 53.41% of voting rights. Settlement and delivery will occur on February 4, 2020.
Jenoptik has signed a contract to acquire 100% of Spanish company INTEROB, based in Valladolid, Spain, which specializes in custom automation solutions and robotics for the automotive industry. The purchase price is less than twice the 2019 revenue.
Krahn Chemie GmbH has acquired a majority share of InterActive S.A., headquartered in Athens, Greece. InterActive specializes in distribution of lubricant additives in Israel, Greece and Cyprus, and scientific instruments.
Klinger Group closed a stock purchase agreement to acquire GPI, a West Texas industrial sealing company headquartered in Borger, effective January 1, 2020. GPI operates four business locations in Texas.
Huhtamaki agreed to acquire 70% of privately owned flexible packaging manufacturer Everest Flexibles in South Africa for an enterprise value of EUR 58 million, paid partly in cash and partly in shares.
Private equity fund Gradiente I, managed by Gradiente SGR with co-investor La Finanziaria Trentina, sold 100% of aluminium packaging maker TR Alucap to Austria's Constantia Flexibles on March 1, 2017.
Maruho Medical, the U.S. orthopedic subsidiary of Maruho Co., acquired Valeris Medical, an orthopedic surgical device manufacturer. The deal closed on January 24, 2020; terms were not disclosed.
MiTek has acquired US-based Hornet Saw Systems and related software by iN4 Solutions, Inc., broadening MiTek's automation solutions for component manufacturers.
Nors, S.A. will acquire all outstanding equity of Strongco Corporation for CAD$3.15 per share in cash, with a total transaction value of approximately CAD$193 million including net debt.
France Air Group announced it is entering the final stage of an agreement to acquire SIG Air Handling, a division of SIG plc, for €222.7 million. The transaction is subject to regulatory approval and expected to close in Q1 2020.
Smith & Nephew completed the acquisition of US firm Tusker Medical, developer of the Tula System for ear tube placement in children without general anesthesia. Terms were not disclosed.
Loar Group Inc., a subsidiary of JLL Partners, plans to acquire Culver City-based Pacific Piston Ring Co. Inc. Terms were not disclosed.
Sanjeev Gupta's GFG Alliance is consolidating all its aluminum activities into a single entity called Alvance, headquartered in Paris. This follows the earlier consolidation of steel operations into Liberty Steel Group.
Smith+Nephew acquired California-based Tusker Medical, developer of the Tula System for in-office ear tube placement, to complement its ENT portfolio.