On January 16, 2020, Dunkel Bros. Machinery Moving, a heavy machinery moving specialist, was acquired by MEI Rigging & Crating. Terms were not disclosed.
Milliken has agreed to acquire Borchers Group from the Jordan Company for an undisclosed sum. Borchers, headquartered in Westlake, Ohio, makes additives for coatings, inks, and adhesives.
Meiden Asia Pte. Ltd., a wholly-owned subsidiary of Meidensha Corporation, signed a contract on January 15, 2020 to acquire a 41-percent stake in Vietstar Industry Corporation, a Vietnamese switchgear manufacturer, to enter the Vietnamese power industry market. The investment is scheduled to close at the end of March 2020.
Atlas Copco acquired Hydra Flow West, a distributor of spare parts and accessories for compressor service based in Walnut, California. The purchase price was not disclosed. The announcement was made on January 16, 2020.
Afinum, advised by Afinum Management GmbH, indirectly acquired a majority stake in Swiss Interconnect Holding SA (LEMCO PRECISION). CEO André Rezzonico will remain a minority shareholder.
GDI Services aux immeubles inc., through its subsidiary Ainsworth Inc., closed the acquisition of ESC Automation Inc. and its U.S. subsidiaries, strengthening its building automation systems business in Canada.
AMMEGA, through its subsidiary Ammeraal Beltech, acquired BCMS and Transitech, two French belt fabrication companies, to increase its penetration in the French market.
Mevis S.p.A. acquired 100% of the share capital of Euromeccanica S.r.l., with financing from Banco BPM. Both companies are based in Vicenza, Italy, and operate in the production of metal components and sheet metal stamping.
National Engineering Industries Ltd (NEI), part of the CK Birla Group, acquired Slovakia-based automotive bearing manufacturer Kinex Bearings, including two production plants, for an undisclosed amount.
EMAG Group acquired CNC-Technik Weiss GmbH, a developer of cylindrical grinding machines based in Neckartailfingen, to expand its grinding technology portfolio.
Weichai Power signed agreements to acquire an 80% stake in Germany's ARADEX and a planned 51% stake in Austria's VDS, making it the controlling shareholder of both companies to improve new energy powertrain technology.
Clearlake Capital Group, in partnership with management, has acquired rigid packaging maker Pretium Packaging from Genstar Capital. Pretium operates 19 automated plants in the US; financial terms were not disclosed.
Trelleborg's Industrial Solutions business area has acquired engineering group Signum Technology and its subsidiaries Gall Thomson, KLAW LNG, KLAW Products and Vee Bee Filtration. Signum makes safety-critical flow control products such as marine breakaway couplings and LNG transfer safety solutions.
Heska Corporation entered into an agreement to acquire 100% of scil animal care company GmbH from Covetrus, Inc. scil is a European leader in veterinary point-of-care diagnostics, headquartered in Germany with operations in France, Italy, Spain and Canada.
Australian-based Ferra Aerospace acquired C&M Machine Holding Inc., a Rogers, Arkansas manufacturer with 26 employees and a 24,000-square-foot facility. Financial terms were not disclosed.
Pinnacle Textile Industries has acquired Topps Safety Apparel, a designer and manufacturer of flame-resistant industrial apparel based in Rochester, IN.
Power Grid Components has completed the acquisition of Royal Switchgear Manufacturing Company, a manufacturer of substation and transmission disconnect switches and power connectors. The transaction closed in December 2019.
Rolls-Royce Power Systems has increased its stake in microgrid solutions company Qinous to 73.1%, establishing Qinous' Berlin HQ as its centre of competence for microgrids.
Mudrick Capital Acquisition Corporation (MUDS) and Hycroft Mining Corporation have entered into a definitive purchase agreement for MUDS to acquire Hycroft's subsidiaries and assets. The transaction is expected to yield an enterprise value of approximately $537 million.
Pan-European private equity investor Ambienta is acquiring a majority stake in Nactis Flavours Group, joining forces with AromataGroup and IPAM under a new holding called Nactarome. The combined entity anticipates turnover above €100 million.
BÜFA Composite Systems will acquire AOC (UK) Ltd. on March 3, 2020. The UK company will trade as BÜFA Composites UK, and AOC Aliancys will remain the resin supplier.
Infobric Group, a supplier of IT systems for the construction industry, acquired TelliQ AB, a Swedish telematics company with over 80,000 connected units and SEK 105 million in 2019 turnover, to form a fleet management company within the group.
Heska Corp. has acquired CVM Diagnostico Veterinario and CVM Ecografía (CVM Companies), providers of ultrasound, digital radiography, and point-of-care blood diagnostic products in Spain, to expand its veterinary diagnostic business into the Spanish market.
Core Lithium announced the strategic acquisition of the Walanbanba Lithium Project from Todd River Resources, adjacent to its existing ABC project in the Northern Territory.
Resolute Mining has entered exclusive negotiations with private equity firm EMR Capital Management for the sale of its Ravenswood gold mine in Queensland, potentially netting up to $300 million.
Nanjing TICA Thermal Technology formalized the acquisition of the operational branch of Italian ORC maker EXERGY from the Maccaferri Industrial Group, following a September 2019 auction. The new company will operate as EXERGY International S.R.L. near Milan.
The Airedale Group acquired Flowrite Refrigeration Holdings Limited, a UK refrigeration and air conditioning service company, on January 13, 2020. The acquisition creates the largest specialist maintenance platform in the UK hospitality sector.
MDF Industries Inc. acquired O'Hara Machine and Tool, a precision manufacturing company, on August 1, 2023. The acquisition aims to expand MDF's capabilities and competitiveness.
Milliken & Company has signed an agreement to acquire Borchers Group, a specialty chemicals company, from The Jordan Company. The deal is expected to close in January 2020.
Greenland Technologies Holding Corporation has entered into a non-binding MOU to acquire up to 75% ownership of Goog Intelligent Machinery Changxing Co., Ltd., a developer of AMT technology for buses and heavy-duty trucks.
Alpha Private Equity has reached an agreement to sell 100% of Savio Group to Vandewiele, a Belgian textile machinery group. Financial terms are not disclosed. The transaction is expected to close in spring 2021.
WESCO International, Inc. will acquire Anixter International Inc. in a transaction valued at approximately $4.5 billion, creating a premier electrical and data communications distribution company.
Indutrade signed an agreement to acquire all shares of Stein Automation GmbH & Co. KG, a German supplier of pallet transfer systems for assembly lines with annual sales of about EUR 10 million. The acquisition is subject to German competition authority approval and expected to close in February 2020.
BIOBank, a French human origin bone bank, has acquired Neutromedics AG, a Swiss distributor of orthobiologics and orthopedic implants. This is BIOBank's first external growth transaction.
Waters Corporation has entered into a definitive agreement to acquire Andrew Alliance, a specialist in laboratory automation software and robotics. The acquisition broadens Waters' technology portfolio.
Cott Corporation agreed to acquire Primo Water Corporation for $14.00 per share in cash and stock, valuing Primo at approximately $775 million. The deal will make Cott a pure-play water company and it will rebrand as Primo Water.
Bunzl Distribution announced the acquisition of Joshen Paper & Packaging, a distributor of packaging supplies with locations in 11 US states and about 450 employees.
Private equity firm Industrial Opportunity Partners has acquired Midwest Paper Group, a recycled containerboard mill in Combined Locks, Wisconsin. Terms were not disclosed.
Woodward, Inc. and Hexcel Corporation announced a definitive agreement to combine in an all-stock merger of equals to create a premier integrated systems provider serving the aerospace and industrial sectors. The combined company will be named Woodward Hexcel.
Tupy S.A. entered into an agreement to acquire FCA's global cast iron automotive components business, operated through Teksid S.p.A., for €210 million. The deal includes facilities in Brazil, Mexico, Poland, Portugal, a joint venture in China, and engineering and sales offices in Italy and the US.
Goettl Air Conditioning & Plumbing acquired Will's All Pro Plumbing & Air Conditioning, a Texas-based provider of plumbing and HVAC services in San Antonio. The acquisition expands Goettl's footprint into Texas.
VolitionRx Limited's subsidiary Belgian Volition SPRL closed on the acquisition of epigenetic reagent company Octamer GmbH for $725,000 (€650,000) in cash and stock. The deal secures supply of key components for Volition's Nu.Q cancer tests.
Kamoto Copper Company (KCC), a 75% subsidiary of Katanga Mining, has agreed to acquire a land package adjacent to its mining concessions from Gecamines for up to USD 250 million. The land includes a site for a new tailings facility and other operational areas.
GFL Environmental Inc. has entered into a definitive agreement to acquire American Waste's solid and liquid waste businesses in Michigan and Pennsylvania. The transaction is expected to close in February 2020.
Blount Fine Foods has purchased a former Harry's Fresh Foods plant in Portland, Oregon, adding 80,000 square feet of capacity. The company will invest $25 million in new processing equipment, creating about 50 jobs initially, with the plant expected to be fully operational in 2021.
Handtmann Group, a food processing equipment manufacturer, has acquired fellow German company Inotec Group, which specializes in mixing, emulsification, and tying machinery for sausage production. The deal aims to increase automation and expand into new markets beyond meat processing.
Guala Closures consolidated its position in the beverage and water market by acquiring the assets of Closurelogic. No value was disclosed.
Siemens Gamesa Renewable Energy completed the acquisition of Senvion's European Service assets and Intellectual Property, adding approximately 9.0 GW of serviced fleet. The cash price for Senvion Services and Ria Blades is €200 million.
An affiliate of Platinum Equity completed the acquisition of Wesco Aircraft Holdings for approximately $1.9 billion, combining it with Pattonair to form a $2.4 billion aerospace supply chain company.
ArcelorMittal completed the acquisition of Essar Steel India Limited and formed a joint venture with Nippon Steel called ArcelorMittal Nippon Steel India Limited, with ArcelorMittal holding 60% and Nippon Steel 40%.