The Middleby Corporation acquired Packaging Progressions, Inc., a Souderton, Pennsylvania-based maker of automated packaging technologies for protein and bakery segments, with $30 million in annual revenues.
Jervois Mining announced a friendly merger with TSXV-listed M2 Cobalt, where each M2 Cobalt share will be exchanged for one Jervois share. The deal gives Jervois a foothold in Uganda through the Kilembe copper-cobalt mine. Jervois also provided a US$3 million convertible bridge loan to M2 Cobalt.
Utico, a UAE-based utility company, agreed to acquire an 88% stake in Singapore's Hyflux, a water treatment company. The total deal value is approximately S$535 million, including a S$400 million commitment to Hyflux. Hyflux will remain a separate listed entity.
Fenix Parts, Inc. executed a definitive agreement to acquire the assets of Cox Truck and Van, Inc., an auto recycling facility operator in Georgia. The acquisition is expected to close in July 2019.
State-owned Saudi Arabian Military Industries (Sami) acquired a majority stake in Aircraft Accessories & Components Company (AACC) to boost defence manufacturing capabilities and expand MRO services in the Middle East and North Africa.
Swiss chemicals company Sika has acquired Parex, a producer of mortars for the construction industry with annual sales of £945 million. The acquisition more than doubles Sika's mortars business.
Aviation Inventory Resources (AIR) acquired the assets of AIM Aircraft Spares, a distributor of AIM Altitude products. Concurrently, AIM Altitude UK appointed AIR as exclusive distributor for the Americas for all AIM Altitude products.
Bourns, Inc. acquired all shares of KEKO-Varicon d.o.o. Žužemberk, a manufacturer of overvoltage protection products including varistors and EMI suppression components. Financial terms were not disclosed.
Rokla has announced its intention to acquire Hartl Crusher, a manufacturer of crushing equipment.
Standard-Knapp shareholders agreed to sell the Portland, Connecticut packaging machinery maker to EoL Packaging Experts, which includes Germany's A+F Automation. The merger creates an end-of-line packaging leader in America and Europe.
ISE Métal, based in Sherbrooke, has finalized the acquisition of Produits de Métal Vulcain, a metal products company in St-Jérôme. This is ISE Métal's 10th acquisition in Canada, adding to its metal transformation operations.
Carlisle Fluid Technologies (CFT), a division of Carlisle Companies, has acquired Ecco Finishing, a Swedish manufacturer of painting equipment and sealing applicators. The acquisition strengthens CFT's sealants and adhesives offering.
LafargeHolcim signed an agreement to acquire Somaco, a Romanian precast concrete producer with five plants and one aerated block plant, for an undisclosed sum.
Osseus Fusion Systems acquired SIJ Surgical, developer of a sacroiliac fusion screw, which will be marketed as the Blue Topaz CompresSIve Sacroiliac system.
Rigaku Corporation acquired XwinSys Technology Development Ltd, an Israeli company specializing in metrology solutions for the semiconductor industry. The acquisition closed on July 1, 2019, and aims to expand Rigaku's semiconductor division.
Covestro raised its stake in the joint venture DIC Covestro Polymer Ltd. (DCP) from 50% to 80%, acquiring an additional 30% from DIC Corporation. The investment is in the low double-digit million EUR range and is part of Covestro's expansion of its global TPU business.
Entegris, Inc. acquired MPD Chemicals, a provider of advanced materials to the specialty chemical, technology, and life sciences industries, for approximately $165 million in cash. The acquisition expands Entegris' engineered materials portfolio for the microelectronics industry.
Union Officine Meccaniche Spa has completed the purchase of majority control of Costruzioni Meccaniche Tecom srl of Olgiate Olona, Italy, a producer of blown extrusion lines for polyolefin and compostable biopolymer films.
Ovation Holdings, Inc. announced the acquisition of Valve Sales, Inc. (VSI), an Oklahoma City-based supplier of valves, actuators and flow control products to oil and gas producers in Oklahoma, Texas and New Mexico. The acquisition took effect July 15, 2019.
Ardagh Group agreed to combine its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging, a metal packaging company with 57 facilities and about 7,800 employees, headquartered in the Netherlands. Ardagh will hold 43% and receive about $2.5 billion in cash, with completion expected later in 2019.
The SEER Group LLC acquired Climate Control, a residential and commercial HVAC services provider in Tigard, Oregon. Climate Control will operate as a division of Specialty Heating and Cooling LLC.
VAE Group has entered into a partnership to acquire Select Services Air Conditioning and Refrigeration, a Northern Territory company. The acquisition expands VAE Group's presence in the region.
Hillenbrand Inc. is buying Milacron Holdings Corp. in a deal valued at approximately $2 billion, including net debt. Milacron stockholders will receive $11.80 in cash and 0.1612 shares of Hillenbrand common stock per share. The combined company expects annual revenues of about $3 billion by 2021.
Greenland Acquisition Corporation, a blank check company, signed a definitive share exchange agreement to acquire Zhongchai Holding (Hong Kong) Limited, a developer and manufacturer of transmission products for material handling machineries in China. Zhongchai Holding will become a wholly-owned subsidiary, and the company will rename to Greenland Technologies Holding Corporation.
Recordati signed an agreement with Novartis to acquire worldwide rights to Signifor and Osilodrostat for $390 million, with Novartis supplying products during a transitional period.
Miba acquired a 25.1% stake in Voltlabor, an Austrian battery systems manufacturer, to combine expertise in thermal management and battery components for electric drives.
Concept Metals Group acquired Freedom Manufacturing, an advanced precision machining company in Comstock Park, Michigan, with 46 employees. Financial terms were not disclosed.
Autokiniton Global Group (AGG), a portfolio company of KPS Capital Partners, will acquire Tower International for $31 per share in cash. The total value including debt is approximately $900 million. The transaction is expected to close in September or October 2019.
Bosch plans to sell its packaging machinery business to CVC Capital Partners, as announced on July 12, 2019. Reuters valued the unit at about 850 million euros, though financial terms were not officially disclosed.
Energy Technology Srl, part of Aretè & Cocchi Technology group, has acquired the strategic assets of Ampegon AG in Switzerland and Germany through an asset deal. The new subsidiary Ampegon Power Electronics AG started business on July 8, 2019.
L&H Industrial has acquired Innotech Solutions, a provider of cone crushing equipment for mineral processing. The acquisition expands L&H's offerings in the mining sector.
China's Nantong Rainbow Heavy Machineries has acquired German firm Koch Solutions, which provides materials handling equipment and services. The acquisition includes Koch's brand, core team, patented technologies, and sales and after-sale services.
Private equity-backed Mirion Technologies has acquired Capintec, a company specializing in radiation measurement and monitoring equipment.
TransEnterix has agreed to sell certain AutoLap image-based laparoscope positioning system assets to Great Belief International Limited (GBIL) for $47 million, including a $17 million asset sale and a $30 million equity investment in TransEnterix.
New Zealand-based Salus Aviation has acquired Heli-Parts Nevada (HPN), a provider of overhauled Airbus components and Safran Turbomeca engines, located in Boulder City, Nevada. HPN president David Lok will remain president and join Salus's executive management team.
PFM has acquired the majority shares of ST2 ENGINEERING, renamed pfmtechlab, a new R&D center based in Volvera, Italy, dedicated to mechanical design and development of special solutions for handling and packaging.
China's Nantong Rainbow Heavy Machinery Co Ltd has announced the acquisition of Koch Solutions, an industrial brand of a German materials handling equipment specialist.
Gulftech International acquired ABL S.r.l., an Italian designer and manufacturer of fruit processing machinery. The Ascari family reinvested in Gulftech with a minority stake.
ELIQUO WATER GROUP has acquired a majority of shares in KG Nellingen, a water technology company, after receiving approval from the German Federal Cartel Office. KG Nellingen will become part of the ELIQUO WATER GROUP.
Brennan Industries Inc. has acquired Miric Engineering, a UK-based manufacturer of fittings and adapters for the material handling industry, expanding Brennan's global manufacturing footprint to five centers.
Nix Companies Inc. acquired the assets of Heritage Custom Fabricators, Inc., a Princeton, Indiana-based heavy machining and gear manufacturing company. Heritage will operate as an independent division of Nix Companies.
Lafarge Canada Inc., a subsidiary of LafargeHolcim, has acquired the Cardinal Group of Companies (Cardinal Concrete, Coast Aggregates, and Westland Concrete Pumping) from the Fast family. The sale includes two concrete plants, an aggregates quarry, and concrete pumping business.
Ideal Tridon Holdings Inc., a portfolio company of Snow Phipps Group, completed the acquisition of ZSi-Foster Acquisition Corporation from Pfingsten Partners. Terms were not disclosed.
DYWIDAG-Systems International, a portfolio company of Triton Fund III, acquired PARTEC System, a manufacturer and distributor of permanent formwork and hydro-insulation systems for the construction sector based in Gajków, Poland.
SI Group agreed to sell the majority of its global industrial resin businesses and its Brazilian specialty business to ASK Chemicals, a portfolio company of Rhône Group. The transaction includes manufacturing sites in Brazil, India, and South Africa, and is expected to close later in 2019.
Toyota Motor Corporation and JTEKT Corporation agreed to start consideration toward the transfer of Toyota-owned shares of Yutaka Seimitsu Kogyo to JTEKT by January 2020. The aim is to strengthen competitiveness in driveline operations, including drive components, gear manufacturing, and gear processing machinery.
Trelleborg's Industrial Solutions unit acquired Signum Technology, a Wiltshire engineering group making flow control and LNG transfer systems, with annual sales of about SEK 410 million. The deal was consolidated from July 10, 2019.
Kellstrom Defense Aerospace completed its acquisition of TAVCO, Inc., a Chatsworth, California maker of pneumatic controls and pressure vessels for aerospace and defense. Financial terms were not disclosed.
Jetter AG acquired 100% of Hungarian R&D specialist ELAN Systems Kft., effective July 9, 2019. ELAN Systems will be renamed Jetter Automation Hungary Kft. and remain an independent legal entity.
Ashland Global Holdings amended the purchase agreement for the sale of its Composites business and butanediol facility in Marl, Germany to INEOS Enterprises, removing the maleic business from the sale while keeping the purchase price at $1.1 billion. The sale is expected to close in late summer 2019.