Richardson Molding and Tulip Molded Plastics merged to form Tulip Richardson Manufacturing (TRM), a plastic injection molding company serving industrial lead-acid battery, automotive, and consumer markets.
One Rock Capital Partners completed the acquisition of Nexeo Plastics, the plastics distribution business of Nexeo Solutions (a Univar subsidiary). Nexeo Plastics is a global distributor of plastics headquartered in The Woodlands, Texas.
JOFO Group's Nonwovens Division formed a strategic alliance and merger with Fineness Nonwoven, and named Rain Tian as CEO. Tian was previously president of Fineness Nonwoven Technology.
Church & Dwight signed a deal with Ideavillage Products Corporation to acquire the hair removal brands FLAWLESS and FINISHING TOUCH for up to $900 million, including $475 million cash and up to $425 million earn-out. The deal is expected to close in Q2 2019.
Epta Refrigeration, an Italian commercial refrigeration group, entered into a definitive agreement to acquire Kysor Warren from Lennox International for $49 million. The acquisition expands Epta's North American footprint.
Schur Flexibles Group purchased 100% interest of Sweden-based flexible packaging specialist Scandiflex Pac on March 29, 2019. The deal strengthens Schur Flexibles' market position in Europe and its flexo printing capabilities in the Nordic region.
Daimler Trucks agreed to acquire a majority stake in Torc Robotics to develop automated truck technology. The announcement was made on March 29, 2019.
STEP-G, a subsidiary of Sankyo Tateyama, signed agreements to acquire the casting business of Aluwerk Hettstedt GmbH and related distribution activities of RMG Metallfachhandel GmbH in Germany. The deal is expected to close on July 1, 2019, and will strengthen supply capabilities for automotive, aerospace, and rail segments.
JELD-WEN Holding, Inc. completed the acquisition of VPI Quality Windows, Inc. on March 29, 2019, for $57.5 million. The deal was signed on March 4, 2019, and is expected to add approximately $60 million in annualized revenue.
Mill Point Capital portfolio company Huntington Solutions agreed to acquire the assets of Virginia-based RADVA Corporation, a maker of packaging for medical, pharmaceutical and food industries. No financial terms were disclosed.
Cosmetic packaging group Texen took over the flexible packaging business of plastic packaging maker PRP Creation of Oyonnax, France, in February 2022.
Greer, S.C.-based Huntington Foam LLC will acquire the assets of Radford, Va.-based Radva Corp, a supplier of expanded polystyrene and polypropylene protective packaging and an EPS recycler.
UACJ Corporation agreed to form a joint venture with CITIC Bohai Aluminum Industries and CITIC Dicastal to manufacture automotive aluminum extruded parts, starting with bumpers and battery casings, in China. UACJ will hold 40%, CITIC Bohai 51%, and CITIC Dicastal 9%.
ZF Friedrichshafen AG has entered into a definitive merger agreement to acquire WABCO Holdings Inc. for $136.50 per share in an all-cash transaction valued at over $7 billion. The acquisition is expected to close in early 2020.
The Australian Competition and Consumer Commission (ACCC) announced on March 28, 2019, it would approve Knauf's $10 billion acquisition of USG after Knauf agreed to sell USG's 50% stake in the USG Boral joint venture in Australasia to a buyer approved by the ACCC.
Greatview Aseptic Packaging (00468.HK) completed the acquisition of 100% equity of Qingdao Likang Food Packaging Technology Co., Ltd. on March 28, 2019, for approximately RMB 106 million.
South Korea's Dayou Plus Co., Ltd. announced a plan to acquire 49.99% shares in Mexican car parts manufacturer Industrias Seimex for KRW 2.05 billion (approx. JPY 199.85 million).
The Turkish Competition Board approved the transaction for Form VRF Sistemleri Sanayi ve Ticaret A.Ş. to come under joint control of Form Grubu and Mitsubishi Heavy Industries Air-Conditioning Europe Ltd.
The Australian Competition and Consumer Commission conditionally approved Knauf's proposed acquisitions of USG Corporation and Armstrong World Industries, requiring Knauf to divest USG's interest in a joint venture with Boral.
Germany's Klingele Group has acquired 50% of UK sheet-feeder Onboard Corrugated Limited and Onboard Investments Limited, which will become subsidiaries of the newly formed Klingele Onboard (Holdings) Limited.
TVS (Transformateurs Solutions Vénisseux SA) acquired the activities of SIMELECTRO, a French SME and former subsidiary of Schneider Electric, specializing in power electrical connections for power plants and electro-intensive industries. The acquisition was completed on March 27, 2019.
M Group Services has acquired Industrial Water Jetting Systems (IWJS), a UK provider of wastewater network services to the water, transport and environmental sectors. IWJS will retain its brand and operate as a standalone business within M Group Services' Utilities division. Financial details were not disclosed.
Guardant Health agreed to acquire Bellwether Bio, a private company focused on epigenomic research for early cancer detection, for an undisclosed sum.
Italian company Usco Group acquired Midland Steel Traders (MST), a Gateshead-based supplier of parts for earthmoving and construction machinery.
European Union antitrust regulators have opened an in-depth investigation into Novelis' proposed $2.6 billion purchase of Aleris, announced in summer 2018. The deal would acquire Aleris' 13 global manufacturing facilities, including automotive finishing lines.
ON Semiconductor Corporation agreed to acquire Quantenna Communications for $24.50 per share in an all-cash transaction, representing an equity value of approximately $1.07 billion and enterprise value of about $936 million.
Private equity firm Thomas H. Lee Partners L.P. acquired supply chain systems integrator Fortna Inc. Terms were not disclosed. The deal aims to accelerate Fortna's growth in e-commerce and warehouse automation.
C-Automation agreed to buy the drilling services business of Aberdeen-based Proserv, which will trade as C-Automation Services. Financial terms were undisclosed and the two firms will partner on shared products and services.
HAWE Hydraulik SE signed a contract on March 26, 2019 to acquire HOERBIGER Automatisierungstechnik Holding GmbH, effective May 1, 2019. The division generated €64 million in sales in 2018 with about 320 employees.
PE-backed Abcom Computer announced it will buy SmartSource.
Thurne, a technical trade company active in the Nordics and Baltics, will become a fully owned subsidiary of Addtech in April 2019.
Eaton agreed to acquire an 82.275% controlling stake in Ulusoy Elektrik, a Turkish manufacturer of medium-voltage equipment, for approximately $214 million. The deal is expected to close in the first half of 2019.
Altium Packaging Canada, part of CCC, has acquired Plastique Micron, a plastic packaging business. The article gives no deal value or location.
The European Commission conditionally approved Danish Agro's acquisition of Konekesko's agricultural machinery distribution businesses in Finland, Estonia, Latvia and Lithuania on March 25, 2019.
Argand Partners' OASE Living Water acquired the German-based Söll Group, a supplier of water treatment products, water analysis and filtering technology, and premium fish food. Terms were not disclosed.
Kalpataru Power Transmission Ltd (KPTL) signed a definitive agreement to acquire an 85% equity stake in Swedish EPC firm Linjemontage i Grastorp AB (LMG) for an enterprise value of $24 million. The acquisition expands KPTL's presence in Nordic countries.
Canadian utility Enmax Corp will buy Emera Inc's electric transmission and distribution unit, Emera Maine, for $959 million. The sale is expected to close in late 2019.
Wood agreed to sell its Terra Nova Technologies conveying and material handling business to Cementation Americas, owned by Murray & Roberts, for expected cash proceeds of $38 million. Closing is expected in the June quarter of 2019.
Ast announced it has acquired the business rights for the Embraer E-jet II fuselage production from Triumph Group for $115 million. The deal includes design rights and intellectual property, making Ast a Super Tier 1 supplier for the aircraft's fuselage.
Bettcher Industries Inc. has acquired Cantrell, a U.S.-based manufacturer of equipment and systems for the poultry processing industry. The acquisition expands Bettcher's presence in the poultry industry.
Hydro signed an agreement to acquire Balexco's 50% ownership in Technal Middle East for an enterprise value of EUR 35 million, giving Hydro full ownership. TME delivers aluminium building solutions in the Middle East.
Murray & Roberts, through its Cementation Americas unit, acquired 100% of Terra Nova Technologies for US$38 million. TNT designs and supplies overland conveyors, crushing systems, and stacking systems for mining.
BBMG Group completed the injection of its cement assets into Jidong Cement, following approval by Jidong Cement's shareholders on January 29, 2019. The transaction involved a major asset purchase and joint venture arrangement.
T-G DNALOP, sister company of Thordon Bearings, purchased the small Struzyska hydroplant in Pila, Poland. The company plans to refurbish turbines and use the site to develop new Kaplan-type turbines for the hydropower market.
BBM Railway Equipment, LLC has purchased the assets of Macton Corporation via a secured party auction, including IP, machinery, inventory and raw stock. The acquisition supports BBM's transit-rail and freight-rail customers.
Krystal Growth Partners announced it has acquired a majority interest in Storm Guard Water Treatment Inc., a provider of dewatering and water treatment services based in Richmond, BC. Financial terms were not disclosed.
Renesas Electronics Corporation and Integrated Device Technology (IDT) announced that CFIUS approval has been received, the last regulatory authorization needed. The acquisition is expected to close on March 29, 2019 PDT / March 30, 2019 JST.
Ventra Evart LLC, a subsidiary of Flex-N-Gate, plans to purchase the vacant Dean's Dairy facility in Evart, Michigan, to repurpose it for automotive component manufacturing. The project costs $3.75 million and is expected to create 50 jobs.
Tenaris S.A. has entered into a definitive agreement to acquire IPSCO Tubulars, Inc., a U.S. producer of seamless and welded OCTG and line pipe, from PAO TMK for $1.209 billion. The transaction is subject to regulatory approvals.
Hitachi Industrial Equipment Systems entered into an agreement to acquire 100% of KEC Corporation, a robotic system integrator specializing in production line automation for the automobile industry, from Tokio Marine Capital. The acquisition is expected to close by end of April 2019.