Alkaline Water Company Inc. will acquire all shares of AQUAhydrate, Inc. in an all-stock transaction. Both companies produce premium bottled water.
Conagra Brands is selling its Direct Store Delivery snacks business, including brands like Tim's Cascade Snacks and Snyder of Berlin, to Utz Quality Foods. The transaction is expected to close before the end of 2019.
MULTIVAC has acquired Germany-based FRITSCH Group, a developer and manufacturer of baking equipment. FRITSCH's German facility will remain open and be known as FRITSCH Bakery Technologies.
Yanmar Group completed the acquisition of 100% of ASV Holdings Inc., a compact equipment manufacturer, for total consideration of $70.70 million.
SFO Group acquired the remaining shares of SHW Werkzeugmaschinen GmbH from Berlin-based Zeitfracht GmbH & Co. KG, becoming the sole shareholder. The acquisition was announced on September 11, 2019.
Alexander Technologies Europe Ltd (ATEL), a County Durham battery manufacturer, was acquired by its management team in a deal part-funded by a £9.2m facility from Shard Credit Partners. The deal includes plans for a new manufacturing and warehouse site and job creation.
Viant, a global services provider to the medical device industry, acquired Meraqi Medical, a Silicon Valley-based design and development firm specializing in interventional technologies and bioelectronics. The acquisition expands Viant's capabilities in minimally invasive surgical devices and adds a West Coast D&D hub.
Ardagh Group sold a 57% stake in its Food & Specialty business to Ontario Teachers' Pension Plan, which merged it with Exal into Trivium Packaging. The Food & Specialty part was sold for USD 2.5 billion, and Ardagh keeps a 43% stake in Trivium.
Envases USA, a subsidiary of Mexico's Envases Universales Group, acquired Merrimack Valley Plastics of Methuen, Massachusetts, a PET bottle manufacturer. The former owners will remain with the company in their current roles.
Acrotec Group acquired Tectri SA and the Diener AG Precision Machining and Diener Precision Pumps companies to expand its medical technology and precision mechanics business. The deal location and value were not disclosed.
DEUTZ AG has acquired Futavis GmbH, a development service provider for battery management hardware and software, to strengthen its electrification strategy. The purchase price was not disclosed.
OEM International AB signed an agreement to acquire the business of Cabavo AB, a Swedish company marketing electrical motors, servo actuators and drive electronics. The operations will be integrated with OEM Motor AB.
Rafael Advanced Defense Systems Ltd. acquired a 50% stake in Israeli aerospace engineering company Kanfit Ltd., making Kanfit a subsidiary. The deal is valued at tens of millions of shekels.
GoShrink, a company specializing in temporary protection and tarpaulins, has acquired Toiles Auvents Saguenay (renamed Toiles TAS), a family business providing medium- and long-term protection for property and buildings with custom metal and canvas structures.
Cesacap (renamed Weecap), a major player in electrical engineering in Île-de-France, has acquired Softair, a company specializing in heating, ventilation and air conditioning equipment installation and maintenance. Softair had revenue of over €10 million in 2018.
The Arcticom Group (TAG) has acquired southern California-based Market Refrigeration Specialists (MRS), a commercial refrigeration and HVAC services provider. Financial terms were not disclosed.
CasterDepot completed its acquisition of Bastian Solutions' caster and wheel division, originally announced in January 2019. CasterDepot moved to a new permanent Indianapolis stocking-sales center.
Carlyle Group acquired 100% of Forgital Italy from NB Aurora S.A. SICAF-RAIF. The deal, announced in late May, closed on September 10, 2019. Forgital is a Vicenza-based manufacturer of forged and rolled rings in steel and special alloys for aerospace and industrial sectors.
imc Test & Measurement GmbH acquired 100% of Caemax Technologie GmbH, having previously held a 25.1% stake since 2015.
Hammerer Aluminium Industries (HAI) acquired the Hydro Cris plant in Chisineu-Cris, Romania, from Hydro Extrusion S.R.L. The facility has two extrusion presses, 22,000 tonnes per annum capacity, and 200 employees, expanding HAI's extrusion capacity to about 100,000 tonnes per annum.
IPEX has entered into a share purchase agreement to acquire Silver-Line Plastics, a manufacturer of plastic pipe products with facilities in North Carolina, Oklahoma, and Florida. The transaction is subject to regulatory approval.
DuPont Electronics & Imaging signed an agreement to sell its Compound Semiconductor Solutions (CSS) business to SK Siltron, a South Korean silicon wafer supplier. The transaction is expected to close by end of 2019.
Eaton has acquired an 82.275% stake in Ulusoy Elektrik, a Turkish manufacturer of medium-voltage electrical equipment, to expand its IEC medium-voltage portfolio in Europe, Middle East and Africa.
Beijing WKW Automotive Parts Co., Ltd. and two other strategic partners signed an equity transfer agreement to acquire a 50% stake in Marlok Automotive GmbH for €0.7 million on September 10, 2019. Siegfried Marlok will continue as Managing Director.
Ashland Global Holdings Inc. completed the sale of its Composites business and butanediol manufacturing facility in Marl, Germany, to INEOS Enterprises for $1.015 billion.
Shopify Inc. announced a US$450 million deal to acquire 6 River Systems, a robotics company that builds systems for automating warehouse operations. The acquisition supports Shopify's fulfilment network plans.
Aterian Investment Partners announced a strategic partnership with PJ Mechanical, a full-service provider of mechanical construction, engineering, sheet metal fabrication and maintenance services for HVAC systems in the greater New York City market. The partnership involves an investment by Aterian.
HCL Technologies will acquire Sankalp Semiconductor, an advanced technology design services provider, for Rs 180 crore in an all-cash deal expected to close in the first week of October 2019.
Belcan, a global supplier of engineering and technical services, has acquired Lagoni Engineering, a London-based multi-disciplinary engineering consultancy focused on the energy industry.
SPX Corp. has acquired SGS Refrigeration Inc. of Dixon, Illinois.
Mann+Hummel has acquired Hardy Filtration of Quebec, Canada.
Allison Transmission acquired the assets of Walker Die Casting in Lewisburg, Tennessee, and C&R Tool and Engineering in Muscle Shoals, Alabama, for approximately $103 million in cash.
Private equity fund ESSVP IV, advised by Orlando Management AG, has acquired the refrigerator compressor business of Nidec Corporation, operating under the Secop brand, which has over 1,800 employees and plants in Slovakia, Austria and China.
HCT announced it has acquired 100% control of HCT Kent Packaging Ltd., a Chinese plant co-founded in 2006 with Taiwanese businessman Kent Lee. The 47,000 square metre facility makes plastic injection-moulded, extrusion-blow and injection-blow moulded packaging for beauty brands.
Elliott Group merged Ebara International Corporation, based in Sparks, Nevada, with its operations in Jeannette, Pennsylvania. The transaction was listed in the Q2 2019 pump M&A review.
ITT completed its acquisition of Rheinhütte Pumpen, which is headquartered in Wiesbaden, Germany and makes centrifugal and axial flow pumps for aggressive media in chemical, mining, renewable energy and refinery processes. The deal was reported in the Q2 2019 pump M&A review.
Indutrade has signed an agreement to acquire all shares of Finkova Oy, a Finnish niche valve trading business with annual sales of about EUR 8.5 million, serving the process and boiler industries.
Yanmar America will acquire ASV in an all-cash transaction valued at $7.05 per share, after approximately 80.7% of shares were voted in favor. The transaction is expected to close on September 11, 2019.
Saertex has acquired 100% of shares in Bavarian composite materials manufacturer TK Industries, a specialized fabric producer based in Selbitz, Germany.
Horizon Stone, a Chattanooga-based manufactured stone leader, acquired Majestic Stone, a Dayton-based natural stone supplier. The acquisition creates a partnership covering both manufactured and natural stone.
Private equity firm Arsenal Capital Partners acquired Geo Specialty Chemicals, a supplier of materials for coatings, adhesives, water treatment, and contact lenses. Financial details were not disclosed.
Kunststoff Schwanden acquired a stake in KeSuTuoFeng Jingmei Molding in Tianjin, China, to supply automotive customers. This is the Swiss company's first production site outside Switzerland.
Aloi Materials Handling & Automation, LLC, a portfolio company of Wincove Private Holdings, acquired Mainstream, Inc., a mechanical contractor specializing in conveyor belts and shoots. The acquisition closed on September 6, 2019; financial details were not disclosed.
Hutchinson has taken a majority share in TCSA, a joint venture with MANN+HUMMEL in Laval, France, making thermal management and cooling systems for EV and HEV vehicles. The unit employs around 60 people and is already operational.
German valve company ARI-Armaturen Group bought all outstanding shares of Hogfors Oy, a Finnish manufacturer of butterfly and ball valves used mainly in district heating and process industries, with Clairfield as exclusive financial advisor.
Stera Saue AS and Stera Technologies AS signed a merger agreement on September 5, 2019, whereby Stera Saue AS will be merged into Stera Technologies AS, effective January 2, 2020.
Yokogawa Electric Corporation has signed an agreement to acquire all shares of UK-based RAP International Ltd, a provider of digitized risk assessment and permit-to-work software solutions.
Wesfarmers' $776 million bid to acquire Kidman Resources was approved by over 94% of Kidman shareholders. The acquisition includes plans to develop the Mt Holland lithium project in Western Australia, with an additional $700 million investment expected before first production in 2022.
Kone is considering teaming up with a private equity partner to bid for Thyssenkrupp's elevator business, which analysts value at up to €17 billion. No final decision has been made.
O'Neal Industries Inc. acquired the assets of G&L Manufacturing, a manufacturer of small diameter thin wall tubing in stainless steel, nickel alloys, titanium and Monel, headquartered in Cookeville, Tennessee with a second facility in Denver, Colorado.