Follmann has acquired Chemical Alliance, a Russian adhesive manufacturer based in Moscow with about 20 employees, effective 1 January 2020. The acquisition expands Follmann's adhesive production in Russia with polyurethane hot melt products.
Bristow Group Inc. and Era Group Inc. have entered into a definitive agreement to combine in an all-stock transaction. The combined company will be named Bristow and will have a fleet of more than 300 aircraft, strengthening its global leadership in offshore aviation transportation and search and rescue.
Siemens has signed an agreement to acquire approximately 99% of C&S Electric Ltd, a New Delhi-based electrical equipment provider, for ₹2,100 crore (€267 million). The acquisition covers C&S Electric's low-voltage switchgear components and panels, power busbars, and protection and metering devices businesses.
Bangkok Glass Group's container glass unit BGC reportedly bought a 25% share in BS Glass Recycling Company, Thailand's largest buyer of used glass bottles, as part of its strategy to invest in clean energy and paper packaging.
Prodways Group, a French 3D printer manufacturer, acquired a minority stake in US-based XD Innovation, a Dassault Systèmes Platinum Business Partner, to set up XD Innovation Europe.
MHS, a provider of material handling automation, has acquired eMotion Controls Co., a controls system integration and software company based in Grand Rapids, MI. The acquisition will support MHS's Lifecycle Performance Services growth plan.
REM Group, a Romanian manufacturer of vertical lathes, has acquired UMARO, a well-established machine tool manufacturer. The acquisition aims to combine the expertise of both companies and strengthen REM's position in the machine tool industry in Romania.
Incap Corporation has signed an agreement to acquire 100% of UK-based AWS Electronics Group, an EMS provider with facilities in the UK and Slovakia, to expand its geographic presence and service portfolio.
The European Commission cleared the acquisition of newly created joint venture AB Mauri Yihai Kerry China by Associated British Foods and Wilmar International. The joint venture will manufacture and distribute yeast, bakery ingredients and bakery fats in China.
TPG Capital completed the acquisition of Denali Water Solutions, a specialty waste and environmental services company, from The Firmament Group. Financial terms were not disclosed.
Follmann acquired Russian adhesive manufacturer Chemical Alliance, based in Moscow, effective 1 January 2020, expanding its polyurethane hot melt adhesive production in Russia.
TTM Technologies agreed to divest its four China manufacturing plants comprising substantially all assets of its Mobility business unit to AKMMeadville Electronics for $550 million in cash.
Mitutoyo Corporation purchased the remaining 49% of Mitutoyo Leeport Metrology Corporation from Leeport Machine Tool Co., Ltd, becoming the sole shareholder.
Hanwha Aerospace acquired EDAC Technologies in late 2019, renaming it Hanwha Aerospace USA. The Connecticut-based company produces aircraft engine components for GE, Pratt & Whitney, and others.
Numalliance acquired the assets of Addition Manufacturing Technologies in the US and Mexico via a new company, AddEaton by Numalliance, including patents and brands.
The European Commission unconditionally approved ZF Friedrichshafen's acquisition of Wabco Holdings, both manufacturers of commercial vehicle components.
Material Handling Systems Inc. (MHS) acquired controls system integration and software company eMotion Controls Co. Terms were not disclosed. eMotion will be added to MHS's Lifecycle Performance Services unit.
Regent Square Capital and Galtney Partners acquired Generator Source LLC, a commercial standby generator sales and service provider based in Brighton, Colorado, from founder Ed Vecchiarelli, Sr.
Knowlton Development Corporation (KDC/ONE) announced it has entered into a binding agreement to acquire Shanghai Paristy Daily Chemical Co., Ltd., a custom formulator and manufacturer of color cosmetic products based in Shanghai, China. Financial terms were not disclosed.
Polythene packaging manufacturer DUO UK sold its partner company Moorgreen to fund expansion at its head office and invest in new recycling equipment.
ARCH Global Precision has acquired Arundel Machine Tool, a manufacturer of high-precision components for aerospace, defense, semiconductor, and oil and gas industries. Arundel will join the ARCH Precision Components Segment.
Geoforce's Canadian subsidiary acquired substantially all assets of Trakopolis SaaS Corp., a provider of global traceability solutions for field equipment and vehicles, expanding Geoforce's presence in Canada.
Minimizer, backed by Capital Partners, acquired Premier Manufacturing, combining two heavy-duty trucking parts and accessories brands. Premier will continue operations in Tualatin, Oregon.
Mitsubishi Chemical Advanced Materials AG has entered into an agreement to acquire 100% of c-m-p GmbH, a composites company, through its German subsidiary. The transaction is expected to close in early March 2020.
Tate Engineering acquired Site Support Services, a precision cooling and power solutions specialist for data centers and mission critical applications. Terms were not disclosed.
H.I.G. Capital portfolio company Cadica Group has acquired the majority of Scatolificio Cartotecnica Giorgi, a Tolentino packaging box maker producing over 70,000 boxes daily, announced January 21, 2020.
IG Design Group agreed a merger to acquire US consumer product maker CSS Industries for $9.40 per share in an all-cash deal valued at about $88 million, announced January 21, 2020.
Hydro sold its 65% interest in Sapa Ben Thanh Aluminium Co., Ltd., a joint venture operating a manufacturing plant in Ho Chi Minh City, to a local Vietnamese company. The transaction was completed on January 20, 2020.
Arconic Inc. announced it will separate into two standalone companies: Howmet Aerospace and Arconic Corporation, with the spin-off of its Global Rolled Products segment. The separation is on track for Q2 2020.
Consolidated Machine & Tool Holdings, a portfolio company of White Wolf Capital, acquired RLS Machining, Mill Creek Machining, and Murphy Machine Products on January 15, 2020. The transactions closed simultaneously; details were not disclosed.
Comrod Communication AS acquired a 75% share in Sørskår Mekaniske Verksted AS, a key supplier of mechanical services including robotization. The Sørskår workshop will be relocated to Comrod at Tau in a new 3,000 sqm building to be completed by June 2020.
Placements CMI, CDPQ and Fonds de solidarité FTQ signed a definitive agreement to acquire all of Canam Group's Canadian operations and certain US and overseas assets from American Industrial Partners for over C$840 million. The transaction is expected to close in the coming weeks.
France-based Imerys, through its subsidiary Calderys Indian Refractories, acquired calcium silicate producer Hysil from CK Birla Group for EUR 10.1 million. The acquisition aims to secure lower raw material prices for high-temperature insulation used in the cement sector.
Two ferrous foundries, C.A. Lawton Co. and Temperform, have merged to form a specialty metals platform, coordinated by private equity firm Oakland Standard. The combination allows each foundry to access the other's products and improve value-added offerings. Financial terms were not disclosed.
BAE Systems has reached a definitive agreement to acquire Raytheon's Airborne Tactical Radios business for $275 million in cash, with an expected tax benefit of approximately $50 million. The acquisition is subject to regulatory approvals and the closure of the Raytheon-UTC merger.
BAE Systems has reached a definitive agreement to acquire Collins Aerospace's military Global Positioning System business for $1.925 billion in cash, with an expected tax benefit of approximately $365 million. The acquisition is subject to regulatory approvals and the closure of the Raytheon-UTC merger.
The Tianjin government is in early discussions to sell stakes in Tianjin Zhonghuan Semiconductor and Tianjin Printronics Circuit to TCL, either through direct stake sales or by acquiring control of the major shareholder.
Arcosa Inc. has agreed to acquire Cherry Industries Inc. for $296 million, making Arcosa the top player in recycled concrete material.
BASF SE has agreed to sell its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm, for $3.5 billion. The transaction is expected to close in Q3 2020.
Enviropacific, an Australian water treatment and environmental services company, has been acquired by Veolia, a global leader in waste, water, energy and industrial services.
Tica, a Chinese HVAC manufacturer, acquired Exergy, an Italy-based specialist in Organic Rankine Cycle systems, from Maccaferri Industrial Group, including its headquarters near Milan and a Turkish subsidiary.
Gabriel Performance Products announced the acquisition of a select portfolio of alkyd resins from Deltech Resins Co.
RPM International Inc. announced that its Rust-Oleum business has acquired Ali Industries LLC, a manufacturer of sandpaper and other abrasives.
Eagle Materials received FTC approval to acquire the assets of Kosmos Cement, a joint venture between Cemex and Buzzi Unicem, for $665 million. The acquisition includes a 1.7Msta cement plant in Louisville, seven distribution terminals, and raw material reserves, boosting Eagle's cement capacity by about 25%.
Mitsubishi & Co. has agreed to sell its entire 36.5% economic interest in the Astoria I gas-fired power generation project in New York City to a consortium including APG, MEAG, Clal Insurance and other US institutional investors.
Evonik Industries AG signed a purchase agreement to acquire Wilshire Technologies Inc., a U.S.-based supplier of phytochemicals and derivatives for cosmetic and pharmaceutical industries. The transaction is expected to close by end of January 2020. Purchase price not disclosed.
Gonvarri Material Handling, through its subsidiary Dexion GmbH, acquired Lampe Lagertechnik GmbH, a German engineering firm specializing in automation sales, design, and project management for mini load, mini-shuttle, and crane rack solutions. The acquisition strengthens GMH's automation capabilities in the German market.
Lomon Billions acquired 98.39% equity in Yunnan Metallurgical Xinli Titanium Industry Co., Ltd in 2019 and resumed full-scale production at the Chuxiong site. The company plans to invest RMB 10 billion (USD 1.44 billion) to expand capacity to 300 kt/pa of chloride TiO₂ pigment, 200 kt/pa of titanium slag, and 50 kt/pa of titanium sponge.
Tessenderlo Group, through its Dyka Group subsidiary, finalized the acquisition of Rehau Tube's production plant in La Chapelle-Saint-Ursin, France, specializing in polymer pipes for wastewater, drainage, telecommunications and rainwater retention systems. The deal takes effect May 1, 2020.
Italian combi oven maker Unox SpA bought out its UK agent Unox UK Ltd for an undisclosed sum. The acquisition gives Unox a directly-owned UK subsidiary, with founders Gary and Lisa Nunn remaining at the helm.