SCHWENK acquired the only Latvian cement plant in Broceni, along with ready-mix plants, quarries, terminals in Latvia, and import terminals in Finland, Norway and Sweden, plus a 38% stake in a Lithuanian cement plant.
Antares Vision acquired 100% of FT System S.r.l., a leader in inspection and control systems for the beverage industry, for an equity value of €67.7 million. The acquisition includes FT System's subsidiaries in France and the US.
Xenon Private Equity VII acquired the C.B.G. Acciai Group, a manufacturer of high precision tools and band saws, from the Filippini family. The group has production sites in Italy, Romania, France, Switzerland and China.
Cantel Medical Corp. has completed its acquisition of Hu-Friedy, combining it with its existing Crosstex business to form the Cantel Dental division, offering infection prevention and compliance solutions for the dental industry.
HQ Equita has acquired a majority stake in WOLF Verpackungsmaschinen GmbH, a manufacturer of vertical form fill seal packaging machines. The transaction closed on 6 November 2019. WOLF will join FAWEMA and HDG under The Packaging Group platform.
Baring Private Equity Asia has agreed to acquire Lumenis, a medical device company, from XIO Group at an enterprise value of over $1 billion. The transaction is expected to close in early 2020.
Press Metal Aluminium Holdings has bought a 25% stake in PT Bintan Alumina Indonesia for US$80.23 million, securing a long-term alumina supply.
AkzoNobel has completed its acquisition of French aerospace coatings manufacturer Mapaero, a deal first announced in July 2019.
Sonoco signed a definitive agreement to acquire Thermoform Engineered Quality (TEQ) from ESCO Technologies for approximately $187 million in cash. TEQ makes thermoformed packaging for healthcare, medical device and consumer markets, with facilities in the US, UK and Poland.
Akzo Nobel N.V. completed its acquisition of French aerospace coatings manufacturer Mapaero, first announced in July.
Russia's Commission on Foreign Investments approved Saudi investors acquiring a 20.5% stake in Novomet, a Russian artificial lift equipment maker, for about 5 billion rubles (around $78 million); RDIF will take a 10.2% stake.
China General Technology Group (Genertec) invested 18 billion yuan to acquire 29.99% of Shenyang Machine Tool Co., Ltd. (SMTCL) and 35 billion yuan for 57% of Shenyang Machine Tool Group, becoming the largest shareholder in both entities after their restructuring.
Cementos Progreso acquired 100% of Cemento Interoceánico, S.A. in Panama on November 15, 2019, with plans to build three concrete plants and expand the La Chorrera plant.
Grupo Progreso, owner of Cementos Progreso (Cempro), acquired 100% of Cemento Interoceánico de Panamá, including a cement grinding plant in La Chorrera, Panama. The deal was finalized on November 15, 2019; the amount was not disclosed.
Synopsys, Inc. completed its acquisition of DINI Group, an FPGA-based boards and solutions company headquartered in La Jolla, California. Terms were not disclosed.
Hella will sell its relay business to Chinese supplier Hongfa.
French manufacturer Neyret is taking over 100% of SERAM and its subsidiaries through its holding company NTH, creating a world leader in textile and multi-material decoration and identification for luxury products.
SKAKO Vibration, a subsidiary of SKAKO A/S, completed the acquisition of Spanish vibratory equipment producer DARTEK to strengthen its presence in the recycling market.
Mason Dairy, a subsidiary of Mason Group, agreed to sell 75% of the issued share capital of GL Food Holdings Pte. Ltd., which indirectly holds Blend and Pack, to WHAI for $55 million. Blend and Pack is an Australian dairy and nutritional formula blending, packaging and distribution company.
Two family-owned Valley agricultural businesses, Gar Tootelian, Inc. and Bennett Water Systems, are merging.
The Official Receiver and EY secured a deal to sell British Steel to Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd, subject to regulatory approval. The acquisition includes the Scunthorpe steelworks, UK mills, and shares in FN Steel BV, British Steel France Rail SAS, TSP Engineering, and Redcar Bulk Terminal Limited.
Murtfeldt Kunststoffe GmbH & Co. KG acquired a two-thirds stake in the newly founded Carbovation GmbH, which took over the business of Carbofibretec and Carbonsports (Lightweight brand) in Friedrichshafen, Germany, after insolvency. Around 80 jobs are to be retained.
Quaser Group PLC, a Taiwanese machine tool manufacturer, acquired Winbro Group Technologies Limited, a UK-based provider of manufacturing solutions for aerospace and industrial gas turbine industries, for a combined sales of over $110 million.
Almar Water Solutions, part of Abdul Latif Jameel Energy, acquired Chilean water treatment company Osmoflo SpA, expanding its portfolio into third-party operation and maintenance services and establishing its first operational footprint in Latin America.
TKH Group agreed to divest 95% of shares in Zhangjiagang Twentsche Cable Co. (ZTC) to Shanghai Electric, and 5% to ZTC management, for an enterprise value of €31 million.
Mitsubishi Electric Power Products is negotiating the sale of its Memphis transformer plant, hoping to preserve a majority of jobs.
Huhtamaki agreed to acquire 70% of Everest Flexibles, a private flexible packaging manufacturer in Durban, South Africa, at an enterprise value of EUR 58 million. Sellers will hold 30% of Huhtamaki's South African activities through a joint venture; completion is subject to competition approval.
Refresco acquired AZPACK, a contract manufacturer of bottles and containers for the food and beverage industry headquartered in Tempe, Arizona, on November 14, 2019. Terms were not disclosed.
Bonson Group has bought Queensland-based food packaging company Wong Lee Pty Ltd, its largest distributor in Australia, effective 1 August 2019. Desmond Chaw was appointed General Manager – Operations.
U.S. Nonwovens, a portfolio company of Wind Point Partners, acquired the polyvinyl alcohol (PVA) packaging division of Multi-Pack Holdings LLC, which does business as Multi-Pack Chicago. The acquisition expands USN's product portfolio in the laundry and dish detergent markets.
PMC Group N.A. Inc. announced its European subsidiary will acquire Lanxess Organometallics GmbH's organotin specialties product line. The deal is expected to close by the end of 2019, and Lanxess will continue manufacturing certain products for PMC at its Bergkamen facility post-close.
UltraTech Cement Middle East Investments Limited (UCMEIL) has entered into a binding agreement to divest its entire shareholding in ECBL and EPCL to HeidelbergCement Bangladesh Ltd for an enterprise value of US$29.5 million.
Heidelberg Cement Bangladesh's board approved the acquisition of 100% of Emirates Cement Bangladesh and Emirates Power Co from UltraTech Cement Middle East Investments for $21.518 million.
Toshiba announced a tender offer to acquire the remaining shares of three listed subsidiaries—Toshiba Plant Systems and two others—for approximately ¥200 billion, making them wholly owned and delisting them.
Sumitomo Heavy Industries (SHI) finalized a £100 million deal to acquire Invertek Drives Ltd, a Welsh manufacturer of variable frequency drives. The acquisition will support SHI's international growth strategy and lead to investment in Invertek's development in Mid Wales.
Mitutoyo Corporation agreed to purchase the remaining 49% of Mitutoyo Leeport Metrology Corporation from Leeport Machine Tool Co., Ltd., becoming the sole shareholder to unify strategies in the China market.
Chromaflo Technologies has acquired Rolfes Colour Pigments International of South Africa, including its liquid dispersion and pigment trading businesses.
Saint-Gobain agreed to buy U.S. gypsum wallboard maker Continental Building Products for $1.4 billion in cash, to boost its presence in the North American construction materials market.
The Legacy Companies has completed the acquisition of Qingdao Orien Commercial Equipment Co., a Chinese manufacturer of ice machines and refrigeration equipment. The deal was announced on July 29, 2016.
DuPont has signed an agreement to acquire Desalitech, an Israeli company specializing in closed circuit reverse osmosis (CCRO) technology for water treatment. The transaction is expected to close in January 2020; financial terms were not disclosed.
Aptean, a global provider of enterprise software, has acquired Netherlands-based Schouw Informatisering, a full-service ERP provider for food companies. The acquisition expands Aptean's food-focused ERP offerings and geographic reach.
NIBE Industrier AB acquired 50% of the shares in ÜNTES, a Turkish manufacturer of ventilation and air conditioning equipment, with an agreement to acquire the remaining 50% by 2024. The transaction requires approval from the Turkish Competition Authority.
Liberty Hall Capital Partners announced that its portfolio company Bromford Industries has acquired Numet Machining Techniques, a US-based provider of aerospace engine machined components. Terms were not disclosed.
ams AG has entered into a Business Combination Agreement with OSRAM Licht AG, with OSRAM's management and supervisory board supporting the all-cash takeover offer of EUR 41.00 per share.
Huntsman Corp. agreed to acquire Icynene-Lapolla, a North American manufacturer and distributor of spray polyurethane foam insulation systems, which has annual revenues of approximately $230 million and manufacturing facilities in Houston, Texas, and Mississauga, Ontario.
Kellstrom Defense's Williams Aerospace and Manufacturing (WAM) has acquired Aerospace Welding, Inc., a provider of precision welding for aerospace and defense markets. Terms were not disclosed.
Dutch investment firm Reggeborgh, which already holds a 63.5% stake, is offering £575 million to buy the remaining shares of construction company VolkerWessels and delist it from the Amsterdam Stock Exchange.
Huatie Emergency (603300) announced it will acquire a 51% stake in Zhejiang Henglu Technology Development Co., Ltd. for a total of CNY1.97 billion, including a share purchase and capital increase.
Yageo Corporation will acquire all outstanding shares of KEMET Corporation for $27.20 per share in an all-cash transaction valued at $1.8 billion, including net debt assumption.
The European Commission approved Mitsubishi Heavy Industries' acquisition of sole control over Primetals Technologies, a metallurgical plant designer, from joint control with Siemens.