NSA Industries, LLC acquired Vitex Extrusion, an aluminum extrusion manufacturer in Franklin, New Hampshire. The acquisition expands NSA's capabilities into aluminum extrusions.
Hitachi, Ltd. completed the acquisition of JR Automation Technologies, LLC from funds managed by Crestview Partners. The agreement was announced on April 23, 2019, and the deal closed on December 27, 2019.
Strand Cosmetics Europe and Marvinpac merged to form MS BEAUTiLAB, effective January 1, 2020. The new company targets a consolidated turnover of €100 million by 2024 and employs over 250 people.
Tong Hsing Electronic Industries and Shengli Electronics announced a share swap agreement, with Shengli becoming a wholly owned subsidiary of Tong Hsing. The swap ratio is 1 Shengli share for 1.244 Tong Hsing shares, with the effective date set for June 30, 2020.
Citic Heavy Industries plans to sell its 60% stake in subsidiary Luoyang Zhongzhong Transportation via Beijing Equity Exchange, with a minimum price of 69.2072 million yuan.
The Competition Commission of India approved the acquisition of 50% of My Home Industries Private Limited by My Home Constructions Private Limited and its affiliates.
Freudenberg proposed a wholly-owned acquisition of Low & Bonar, a technical nonwoven manufacturer, to expand its nonwoven expertise. The deal is subject to shareholder and antitrust approval.
Canadian water treatment specialist H2O Innovation has acquired Genesys International, a UK-based specialty chemicals manufacturer for water treatment, for £16.95 million. Genesys operates a facility in Middlewich, Cheshire.
Quantel Medical, part of Lumibird group, and Ellex of Adelaide, Australia, announced a merger agreement to combine their ophthalmic medical device businesses.
SKC and Kolon Industries each agreed to sell their 27.03% stakes in SKC Kolon PI to Korea PI Holdings, a special purpose company set up by Glenwood Private Equity, for KRW 304 billion each. The transaction is expected to close by February 2020.
Wingtech Technology, a Chinese computer and telecom equipment manufacturer, obtained a controlling stake in Nexperia from JAC Capital. Nexperia will remain an independent company under Dutch law with the same management team.
Maysteel and Porter's Group merged on December 23, 2019, to create a custom sheet-metal fabricator operating under the Maysteel name. The combined company has more than 1,000 employees and six manufacturing locations in the U.S. and Mexico.
3M entered into an agreement to sell substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, retaining its transdermal drug delivery components business.
Maysteel Industries and Porter's Group announced a merger, creating a combined custom sheet metal fabricator with over 1,000 employees and six manufacturing locations in the U.S. and Mexico. The company will operate under the Maysteel brand.
Harald Quandt Industriebeteiligungen GmbH (HQIB) merged its portfolio companies Rausch GmbH & Co. KG and minCam GmbH, both specialists in pipe inspection technology, into a joint group. The companies will remain independent brands but operate strategically and operationally together.
Pon Holdings intends to take over Parcom Capital's majority share in RH Marine Group, becoming 100% owner. RH Marine Group includes Radio Holland Group, VBH and Aerius Marine, serving the maritime sector.
Algeco Group agreed to acquire Malthus Uniteam, the leader in the Norwegian modular market with a fleet of about 9,000 units and 2019 revenues of approximately €75 million, from Reiten & Co Capital Partners and other shareholders.
EXEL Industries, through its subsidiary Sames Kremlin, agreed to acquire 100% of German company Eisenmann Intec GmbH & Co. KG, a manufacturer of gluing equipment for the automotive industry, for an undisclosed amount.
Culligan, owned by Advent International, will acquire AquaVenture Holdings in an all-cash transaction valued at approximately $1.1 billion, including net debt. AquaVenture shareholders will receive $27.10 per share.
Voith Group signed a purchase contract on December 20, 2019 to acquire 70% of shares in Austrian electric motor manufacturer ELIN Motoren GmbH. The transaction is expected to close in Q2 2020.
Rengo's Thai joint venture Thai Containers Group, through subsidiary TCG Solutions, acquired 94.11% of Bien Hoa Packaging, a corrugated cardboard and paper packaging maker near Ho Chi Minh City, Vietnam. The deal was announced on December 23.
Chuanrun (002272.SZ) plans to buy a 75% stake in Jiangsu Ousheng Hydraulic Technology, a maker of hydraulic plunger pumps and valves in Qidong, for RMB 41.25 million funded from internal resources.
Huhtamaki agreed to buy the remaining shares of its Brazilian joint venture Laminor S.A., a tube laminate maker, for about EUR 30 million. Closing is expected in Q1 2020 subject to Brazilian approval.
UltraTech Cement Ltd has emerged as the front-runner to buy Emami Cement Ltd in an all-cash deal worth ₹6,500-7,000 crore, with the final binding bid round expected to end next week.
BASF signed an agreement to sell its Construction Chemicals business to an affiliate of Lone Star Funds for €3.17 billion. The transaction is expected to close in Q3 2020, subject to regulatory approval.
Voith Group signed a purchase contract to acquire 90% of shares in Toscotec S.p.A., a global supplier of tissue machines for the paper industry based in Lucca, Italy, with around 200 employees and €100 million turnover.
Sioen Industries has reached an agreement to acquire Dickson Coatings from Glen Raven Inc. Dickson Coatings will continue to operate as an independent business unit. Financial terms were not disclosed.
Novelis Inc. announced that China's State Administration for Market Regulation approved its proposed acquisition of Aleris Corporation. As part of the approval, Novelis agreed to sell the Aleris plant in Duffel, Belgium to an independent third party. The transaction is expected to close by January 21, 2020.
TransDigm Group completed the divestiture of Souriau-Sunbank Connection Technologies to Eaton Corporation for approximately $920 million. The business is headquartered in Versailles, France.
Johnson & Johnson announced an agreement to acquire the remaining stake in Verb Surgical Inc. from Verily (an Alphabet company), following a strategic collaboration. Verb Surgical develops a digital surgery platform combining robotics, data science, and connectivity.
Fiat Chrysler Automobiles entered into an agreement to sell its global cast iron automotive components business, operated through Teksid S.p.A., to Tupy S.A. for €210 million. The deal includes facilities in Brazil, Mexico, Poland, Portugal, and a joint venture in China.
Huurre Group Oy sold its Compact Refrigeration Business Division, including Porkka Finland Oy and its subsidiaries in Scandinavia and the UK, to Festivo Finland Oy on December 19, 2019.
Longtime president Thomas Walker and VP Jeremy Walker will acquire 100% ownership of Anthony Liftgates, effective January 1, 2020. The company manufactures liftgates for the transportation industry.
ALTANA AG is taking over Swiss overprint varnish specialist Schmid Rhyner AG, strategically expanding its ACTEGA division. Schmid Rhyner generated sales of roughly EUR 50 million in 2018 with around 80 employees. The acquisition includes production, R&D in Switzerland and a subsidiary in the U.S.
BJG Electronics Group (now FDH Electronics) announced the acquisition of Whitmor/Wirenetics, a Valencia, California-based provider of high-performance wire, cable, and tubing for military, aerospace, and satellite industries. This is the second acquisition for BJG in 2019.
Francks Kylindustri acquired Sjöstedt Consulting AB, a consulting and installation company in Uppsala, Sweden. Sjöstedt has 9 employees, and combined with Francks' staff, the Uppsala office will have 14 people. Niklas Sjöstedt will remain as site manager.
Savon Voima acquired Fortum's district heating business in Joensuu, Finland, including a CHP power plant and district heating network, for approximately EUR 530 million.
The Midwest Mezzanine Funds and Strength Capital Partners completed the acquisition of CALco Pallet Company.
EQT Mid Market US and EQT Mid Market Asia III have agreed to sell Clinical Innovations, a medical device manufacturer, to LABORIE Medical Technologies for an enterprise value of USD 525 million.
US energy services investor SCF Partners, via subsidiary Buchan 2, is acquiring Peterhead-based Score Group, a valve and gas turbine component supplier, for £120.5 million.
Cerberus Capital Management affiliates completed the purchase of the North American, Costa Rican and Japanese businesses and facilities of closure maker Closure Systems International from Reynolds Group Holdings, which keeps its European, Middle Eastern, Egyptian and South American closures units.
Agencja Rozwoju Przemyslu bought shares in ZPO Opakomet Lowicz and Opakomet Krakow for over PLN 18 million, a first step toward forming the Polish Packaging Group Opakomet through a merger of the two companies.
Presco Polymers, a portfolio company of River Associates Investments, acquired Pro-Line Safety Products, a manufacturer of utility marking products. The acquisition closed on December 19, 2019. Terms were not disclosed.
Owens-Illinois sold its 25% partnership interest in Tata Chemicals (Soda Ash) Partners Holdings to Valley Holdings, a subsidiary of Tata Chemicals Limited, for $195 million. Proceeds will be used for debt reduction.
Metso Corporation acquired McCloskey International, a mobile crushing and screening equipment manufacturer, for EUR 279 million. The acquisition strengthens Metso's aggregates business in key growth areas.
Sumitomo Machinery acquired LUFTEX GEARS, a provider of aftermarket repairs and services for industrial gearboxes, on December 19, 2019. The terms were not disclosed.
Nestlé agreed to sell a 60% stake of Herta to Casa Tarradellas and create a joint venture for Herta charcuterie and dough business in six European countries, valued at EUR 690 million. Nestlé will retain the Herta vegetarian business. Closing is anticipated in the first half of 2020.
Taste of Italy, a fund managed by DeA Capital Alternative Funds SGR, acquired a 69.3% stake in Turatti S.r.l., a global leader in machinery for fruit and vegetable processing, on December 19, 2019.
Trime has completed the acquisition of 100% of the share capital of DOA Srl, a company active in power generation machinery and hydraulic tools based in Novedrate, Italy. The DOA management will remain during integration.
OYAK Holding is merging five of its listed cement companies (Adana Çimento, Mardin Çimento, Denizli Çimento, Bolu Çimento, Ünye Çimento and Aslan Çimento) to create synergies. The six firms have a total grinding capacity of 22.5 Mta.