Synalloy Corporation has delivered a proposal to the Board of Directors of Universal Stainless & Alloy Products, Inc. to merge the two companies into a new publicly traded company.

Freudenberg Technology Group has acquired the activities and technology of FRICTins GmbH, which improves the friction coefficient of automotive powertrain and chassis components.

SEPAC and Placid Industries completed their merger, consolidating operations at SEPAC's headquarters in Elmira, NY. The merger combines their product lines of electromagnetic clutches and brakes and magnetic particle brakes and clutches.

Freudenberg Performance Materials has acquired the activities and assets of startup FRICTins GmbH, including its hard-particle coated nonwoven technology for increasing friction coefficient. Freudenberg will set up industrial-scale production in the coming months.

Parsley Energy and Jagged Peak Energy entered a definitive merger agreement for Parsley to acquire Jagged Peak in an all-stock transaction valued at approximately $2.27 billion, including net debt. The deal is expected to close in Q1 2020.

Hexagon Resources signed a binding investment agreement to acquire a 49% interest in Innovation Metals' RapidSX rare-earth separation technology. A joint venture will build a commercial demonstration plant in the US, with completion scheduled for Q3 2020.

Greatview Aseptic Packaging's subsidiary agreed to acquire 90% of Beijing Digital Technology for CNY 5.4 million, with plans to acquire the remaining 10% from a third party. The target holds 38 patents for smart packaging QR code technology.

Faurecia signed a MoU to acquire the remaining 50% of its SAS joint venture from Continental for €225 million. The deal is expected to close in early 2020.

Freudenberg acquired the activities and technology of start-up FRICTins, which developed a hard particle coating process for nonwovens to increase friction coefficient. Freudenberg will set up industrial-scale production.

The Carlyle Group and Stellex Capital Management have closed their acquisition of Vigor Industrial and MHI Holdings, which serve the U.S. Navy and commercial shipping. No financial terms were disclosed.

Cerberus Capital Management affiliate has agreed to buy the North American, Costa Rican and Japanese businesses of Closure Systems International from Reynolds Group. The deal is expected to close within two quarters and the value was not disclosed.

The Healy family acquired Superior Crane Corporation, a crane design and manufacturing company, and will operate it under Healy Manufacturing Group. The acquisition was announced on October 13, 2019.

Vernet Group, a portfolio company of Stirling Square Capital Partners, acquired Rostra Vernatherm, a portfolio company of Nikel Holdings and Valencia Capital, for an undisclosed amount. Rostra makes thermal control products for aerospace and defense, automotive and general industrial markets and will be renamed Vernatherm by Vernet.

BrandSafway has acquired Cabrillo Hoist, a provider of construction hoists and elevators with locations in California and Washington.

SATI, a manufacturer of transmission products, has been acquired by the Megadyne Group, an Italian manufacturer of belts with plants worldwide.

Holcim has acquired Readymix Croatia and is investing in a fourth quarry in Vranja, Lupoglav, Croatia, near the Učka tunnel on the Istrian side.

Sodero Gestion and Bpifrance acquired a majority stake in Mecapack, a packaging machinery manufacturer, alongside CEO Nicolas Ducept and his management team.

Shareholders of Raytheon and United Technologies voted to approve the merger of equals, combining United Technologies' aerospace businesses (Collins Aerospace and Pratt & Whitney) with Raytheon to form Raytheon Technologies Corporation.

JFE Engineering acquired AnyTech, a Japanese AI startup specializing in camera-based water quality assessment technology, making it a wholly owned subsidiary. The acquisition price was not disclosed.

Orienta Partners, an investor in Italian SMEs, acquired 100% of Virosac, a leading Italian producer of waste and food storage bags based in Pederobba, from private equity fund Alto Capital III and DVR Capital. Virosac had 2018 revenue of 39.7 million euros.

Altair announced the acquisition of Polliwog Co. Ltd., a South Korean software company providing PollEx electronic design automation software for the PCB design and analysis market.

Continental Mixers, part of Commercial Specialty Truck Holdings, acquired the concrete mixer division of Kimble Manufacturing Company, expanding its product offering.

Veto Switchgears & Cables purchased land with factory premises in Palghar, Mumbai, for expanding its LED lighting business through a wholly-owned subsidiary.

Mobius (MOBYUS CO., LTD) announced the merger with SCM/logistics consulting firm Value Chain CNT on October 8, 2019, to become a comprehensive logistics automation solution company. Sejong Industrial increased its stake to 52.4% to become the largest shareholder of the merged entity.

Fangchenggang Jinxi, a 97.6%-owned subsidiary of China Oriental Group, has signed an agreement with Chengde Zhaofeng to acquire iron capacity of 1.38 million tons/year and steel capacity of 1.5 million tons/year for a total consideration of CNY1.452 billion.

Meridian Adhesives (Arsenal Capital) has acquired Epoxies Inc., a company specializing in specialty epoxies, urethanes, silicones and other adhesives.

Elanco has acquired Bayer's animal health business for $7.6 billion.

CPS Performance Materials (Arsenal Capital) has acquired GEO Specialty Chemicals, a company producing specialty chemicals and materials for coatings, adhesives, medical, water treatment and construction markets.

New Heritage Capital has acquired Welcome Dairy Holdings, a company producing dairy flavorings, cheese sauces, seasonings and functional cheese.

McDermott International has acquired Siluria Technologies, a company with natural gas-to-olefins technology.

Blue Point Capital has acquired Vanseal Corporation, a company producing custom molded rubber, plastic and sealing components for aerospace, defense, automotive, industrial and energy markets.

Givaudan has acquired Fragrance Oils International, a company specializing in perfumery essences and natural herbal extracts for fine fragrance, personal care, air care and household cleaning sectors.

Ascensus Specialties (Wind Point Partners) has acquired Callery, a company producing inorganic chemicals for pharmaceutical, agricultural, electronics, polymers and adhesives markets, from Edgewater Capital.

LGC Group has acquired Toronto Research Chemicals, a company producing synthetic organic biochemicals used as reference standards.

U-C Coatings (High Road Capital) has acquired Eco Chemical, a company specializing in stains and industrial coatings.

Italmatch has acquired Water Science Technologies, a blending and chemicals company for industrial water treatment and oil & gas industries, for approximately $75 million.

Halbach & Braun Maschinenfabrik GmbH & Co. has agreed to take over the mining products of Wollbrecht Technische Innovationsgesellschaft mbH (TIG). TIG withdraws completely from the mining industry.

Family Office Evolem announced a majority stake in RX Solutions, a manufacturer of X-ray tomography equipment and services based in Annecy, France. The company specializes in non-destructive testing for industries such as automotive, aerospace, electronics, and micro-mechanics.

Nippon Paper Industries signed an agreement to buy Orora Limited's paperboard packaging business in Australia and New Zealand, including the Botany paper mill, for an enterprise value of AUD 1.72 billion in cash.

CoolSys, a parent of refrigeration and HVAC services companies, has acquired Building Air Services, a provider of service and preventive maintenance for commercial HVAC-R and building controls, expanding its presence in the Southeast US.

AFG Holdings, Inc. acquired the shares of Maass Flange Corporation and its affiliated businesses in Mexico and Canada. Maass Flange is the largest domestic manufacturing supplier of stainless and nickel alloy flanges in North America.

IQE plc acquired the third-party shareholdings in its CSDC joint venture in Singapore, taking its ownership to 100 percent. The acquisition was for a nominal fee of USD 1 to WIN Semiconductors and SGD 1 to other shareholders.

LyondellBasell entered into a definitive agreement to purchase a 50% stake in Quality Circular Polymers (QCP), a plastics recycling company in the Netherlands, becoming a 50/50 partner with SUEZ. The deal value was not disclosed.

Apache Industrial Services completed a transaction involving its sale to Quantum Capital and a simultaneous merger with Skyway Canada, forming a new organization with approximately $500 million in revenues and over 4,000 skilled craftsmen.

NCSG Crane & Heavy Haul Corporation, through a subsidiary, signed a stock purchase agreement to acquire 100% of B&G Crane Holdings, Inc., a crane services and heavy haul transportation provider in Louisiana and Texas. The deal value was not disclosed.

MGS Métal et Ventilation JMY acquired the former Transport Jules Savard building in Arvida, Quebec, for CAD 1.3 million to relocate and triple its operational space to 14,000 square feet.

Asphalt Materials, Inc., a division of The Heritage Group, has acquired Henry G. Meigs, LLC, a specialty chemical and material supplier to the asphalt industry. The transaction was announced on October 9, 2019.

Sydenstricker Implement Co. and Wm. Nobbe & Co., two family-owned John Deere dealer groups, have announced plans to merge to form Sydenstricker-Nobbe Partners. The combined entity will operate 26 dealerships in Missouri and Illinois starting January 2020.

AMG Advanced Metallurgical Group N.V. signed a definitive agreement to acquire the assets of International Specialty Alloys (ISA), a producer of titanium master alloys, from Kennametal, Inc. The transaction is expected to close in Q4 2019.

Matholding Group acquired 51 percent of U.S.-based OCV Control Valves LLC, adding valves for fueling transfer and aviation markets to its portfolio.