Evonik's proposed acquisition of PeroxyChem for $625 million is being challenged by the Federal Trade Commission, which will file a lawsuit to block the deal. The acquisition was signed in late 2018 and expected to close by mid-2019.
SK Capital agreed to acquire the Performance Products & Solutions business of PolyOne Corp in a deal valued at about $775 million. The deal is expected to close in the fourth quarter.
Funds advised by Triton agreed to acquire a stake in All4Labels, a Hamburg-based label manufacturer, with the minority shareholder Genui Partners selling its shares. Financial terms were not disclosed.
Russel Metals announced an agreement to acquire City Pipe & Supply Corp., a supplier of pipe, valves and fittings to oil and gas companies in Texas and New Mexico. The announcement was made on August 19, 2019.
ANDRITZ acquired KEMPULP, a Karlstad-based specialist in chemical pulping process technologies, including its intellectual property, expertise, tools, systems and inventory. KEMPULP will be fully integrated into ANDRITZ Pulp & Paper.
Hood Container's division Stronghaven acquired the corrugated packaging business of Progressive Packaging Inc., covering design, manufacturing and fulfillment operations in Simpsonville and Early Branch, South Carolina.
Rengo became the sole owner of its Chinese joint venture Dalian United Packaging Products by taking over its partner's equity stake. The company makes corrugated cardboard sheets and cases in Dalian.
Jenkins Group announced it is taking a 50% equity stake in CR Automation, an automation and control systems manufacturer based in Hawke's Bay, New Zealand, to enhance pack-house efficiency and automation services in Australasia.
Zhejiang Shuanghuan Driveline Machinery Co., Ltd signed a letter of intent to acquire 81% of Schmiedetechnik Plettenberg (STP) and its subsidiary Werkzeugtechnik (WTP) from the family-owned parent company. The deal includes machining centers in Tholey and Bad Emstal, Germany.
Metso agreed to acquire Canadian crushing and screening specialist McCloskey for EUR 279 million. Metso also plans to merge with Outotec by mid-2020 and spin off its Flow Control segment as Neles.
Photonamic GmbH & Co. KG acquired the clinical oncology business of Toronto-based MolecuLight. The two businesses will form a subsidiary called SBI ALApharma Canada, combining MolecuLight's fluorescence imaging technology with Photonamic's 5-ALA contrast agent.
SOMIC Group, parent company of SOMIC America, completed the acquisition of MechanikZentrum Schmidbauer, a mechanical manufacturing company in Haag, Germany. All 35 employees were retained, and the division is now known as SOMIC Haag, manufacturing precision parts for robotics, optics, aerospace and medical industries.
RBC Bearings Incorporated acquired Swiss Tool Systems AG, a provider of modular tooling systems and high-precision boring and turning solutions, for approximately $33.9 million (CHF 33.0 million). Swiss Tools has about 50 employees and annual sales of approximately CHF 11.0 million.
Konecranes has acquired Italian crane service company Trevolution Service SRL, based in Barzago near Milan. The acquisition strengthens Konecranes' field service operations in Italy and adds 25 employees.
ATA Tools Group, an Irish precision engineering group, acquired Karnasch Professional Tools GmbH, a German precision industrial tools manufacturer. The combined enterprise is valued at approximately €160 million.
Zuken Inc completed the acquisition of Vitech Corporation, a Blacksburg, Virginia-based systems engineering company, expanding Zuken's portfolio into model-based systems engineering.
East Penn Manufacturing Co. acquired a majority stake in Navitas Systems, a forklift battery maker. Terms were not disclosed. Navitas will continue to operate from Ann Arbor, Michigan.
Nemera has completed the acquisition of Insight Product Development, a healthcare-focused design and innovation consulting firm based in Chicago, IL. The acquisition strengthens Nemera's early-stage development capabilities and client proximity in North America.
Turkish cement producer OYAK, via its investment vehicle Ataer Holding, has become the front runner in bidding to acquire British Steel, which has been in liquidation since May 2019.
ALTIVIA Ketones & Additives, LLC has entered into a definitive agreement to acquire Dow's Acetone Derivatives Business and associated chemical manufacturing assets at Institute, West Virginia, including the 460-acre Institute Industrial Park.
Bravida has acquired AB Venair, a leading HVAC company in Stockholm with estimated sales of SEK 200 million in 2019. The acquisition strengthens Bravida's HVAC offering in the Stockholm area.
Photonamic GmbH & Co. KG, through its subsidiary SBI ALApharma Canada, has acquired the oncology business of MolecuLight Inc., including the Eagle fluorescent imaging platform for tumor resection.
Troxel Equipment Co. and Tri Green Tractor LLC, two John Deere dealerships in Indiana, announced plans to merge, creating Troxel Tri Green LLC. The merger will take effect on September 5, 2019, and the combined company will have 9 locations.
Applied Industrial Technologies has signed a definitive agreement to acquire Olympus Controls Corp, an automation solutions provider of motion control, machine vision, and robotic technologies. The transaction is expected to close before the end of August 2019.
NMC-Wollard, a supplier of aviation ground support equipment, has been acquired by a group led by Robert Priddy and Kilroy Partners. The company will now operate as Wollard International.
Domo Chemicals agreed to acquire Solvay's European polyamide 6.6 business, a divestiture required by EU Commission approval of BASF's acquisition. The transaction is expected to close by end of 2019.
BASF agreed to acquire Solvay's global non-European polyamide 6.6 business, including an ADN production stake, for €1.3 billion. The deal includes eight production sites and is expected to close by end of 2019.
Altivia, a Houston-based chemical producer, purchased 460 acres of property owned by Dow Chemical in Institute, West Virginia. The sale includes 61 employees and allows nine existing companies to remain on site.
Japanese water treatment solutions supplier Kurita Water Industries Ltd is acquiring San Marcos, California-headquartered Avista Technologies Inc together with its affiliate Avista Technologies (UK) Ltd.
Freudenberg's Filtration Technologies Business Group took a majority shareholding in China's Apollo Air-cleaner Co Ltd, forming a joint venture named Freudenberg Apollo Filtration Technologies.
De Nora Water Technologies acquired a majority interest in Texas-based water service company Neptune Enterprises LLC, forming De Nora Neptune LLC.
Caloris Engineering LLC acquired Seitz Stainless, an Avon, Minnesota-based equipment fabricator, in Q2 2019.
Ardian has acquired a majority stake in Sintetica SA, a Swiss pharmaceutical company based in Mendrisio and Couvet.
POLYTEC GROUP has signed an agreement to take over the automotive business of insolvent Wayand AG, headquartered in Idar-Oberstein, Germany. The business has around 400 employees and produces plastic parts for premium carmakers. Closing is expected in early September 2019, subject to antitrust approval.
Swegon Group AB, a subsidiary of Investment AB Latour, acquired Klimax AS, a distributor of chillers and heat pumps in Norway. Klimax had 12 employees and net sales of approximately NOK 66 million in 2018.
One Equity Partners' portfolio company USCO SpA agreed to acquire a 75% stake in Strickland Tracks Ltd, a designer and assembler of undercarriage frames. The transaction is expected to close in October 2019.
Valmet sealed its acquisition of GL&V, a global provider of technologies and services to the pulp and paper industry, for an enterprise value of about €113 million. The deal was among pump-related M&A completed in Q2 2019.
GFG Alliance has completed the acquisition of Steelforce, a vertically integrated manufacturer, trader and distributor of steel pipe and tube across Australia and New Zealand, adding 120,000 tonnes per annum of steel distribution capacity and 249 employees.
Motus Integrated Technologies, a compression molder of auto parts, is buying Janesville Fiber Solutions for $85 million.
GEB bought Electro Dunas Cayman Holdings from Blue Water. The deal was announced on August 12, 2019.
Stryker, through a subsidiary, will acquire TSO3, a medical device sterilization technology company, for $0.43 per share in cash. The total enterprise value is approximately $68.4 million (US$51.7 million).
AtriCure entered a definitive agreement to acquire SentreHEART, a developer of left atrial appendage management solutions. The deal includes $40M upfront in cash and stock plus up to $260M in contingent consideration.
KKR agreed to acquire a 70% stake in NVC Lighting Holding, a manufacturer and distributor of branded lighting products, valuing the company at $794 million. NVC will retain the remaining 30% stake.
Shalag Industries signed an agreement to acquire 100% of the shares of Texsus S.P.A., an Italian manufacturer of air-through bonded nonwovens for the hygiene market. The acquisition will make Shalag Group a global producer with three production sites and capacity close to 60,000 tons per annum.
Ellingson Plumbing, Heating, A/C & Electrical agreed to purchase Alexandria-based Countryside Heating & Air Conditioning from owner Jon Smalley. The transition of operations will take place in August 2019.
NSI Industries acquired Bridgeport Fittings Inc., a manufacturer of electrical fittings for cable and conduit installations, based in Stratford, Connecticut. Bridgeport employs approximately 200 people and will continue to operate from its Stratford location.
Agilent Technologies Inc. has signed an agreement to acquire BioTek Instruments, a global leader in life science instrumentation including cell imaging systems and microplate readers.
Spanish private equity firm Clave Mayor has acquired a majority stake in Coalza Systems, a manufacturer of high-performance packaging machinery based in Massanasa, Valencia.
ams AG has submitted a proposal to OSRAM Licht AG for an all-cash takeover offer at €38.50 per share, valuing the deal at approximately €4.2 billion. The combination aims to create a global leader in sensor solutions and photonics.
Grupo Energía Bogotá S.A. E.S.P. completed the acquisition of 100% of the shares of Dunas Energía S.A.A. and its subsidiaries, including Electro Dunas S.A.A., from Blue Water Advisors. The Electro Dunas Group distributes electricity in the Ica, Huancavelica, and Ayacucho regions of Peru.