Corelle Brands, owner of CorningWare and Pyrex, announced plans to merge with Instant Brands, creator of Instant Pot. The combined company will be run by Corelle's Ken Wilkes, with Instant's CEO Robert Wang becoming Chief Innovation Officer. The deal is expected to close in Q2 2019.
Sage Metals, a portfolio company of Delos Capital, acquired Jayco Manufacturing, a company that assembles, integrates and produces custom metal formed components for various markets.
OrCon Industries acquired AC Packaging on January 31, 2019, expanding its product and service offering to include on-site crating, doubling its wooden packaging production space and adding a third plant in Rochester, New York.
TTM Technologies sold its Viasource PCB broker service to Linkage Technologies for an undisclosed amount. The sale includes the Viasource name and transfer of most employees.
Lumentum agreed to sell certain optical transceiver product lines developed by its subsidiary Oclaro Japan to Cambridge Industries Group (CIG). The transaction includes a long-term strategic supply agreement for Lumentum's photonic chips and is expected to close in Q2 2019.
Cerberus Capital Management, through an affiliate, completed its acquisition of Sparton Corporation for $18.50 per share in cash. Sparton will operate as a privately held company and its shares will be delisted from the NYSE.
Evonik signed an agreement to sell its Methacrylates business to Advent International for €3 billion (enterprise value), including 18 production sites and 3,900 employees.
Brenntag, the global market leader in chemical distribution, acquired New England Resins & Pigments Corporation (NERP), a regional distributor of specialty chemicals and packaging solutions in the New England states, USA. The acquired business generated sales of 28.6 million USD.
Salini Impregilo bought a 63.5% stake in Cossi Costruzioni from Società Italiana per Condotte d’Acqua. The deal includes a recapitalization and a loan to secure operations, with the Cossi family and Banca Popolare di Sondrio retaining 18.25% each.
Siemens announced the closing of its acquisition of Russelectric, a U.S. manufacturer of power control systems including paralleling switchgear and automatic transfer switches. The transaction was first announced in early October 2018. Terms were not disclosed.
Unipart Rail acquired Westcode, a supplier of rail air supply equipment and door systems, including its Westcode Inc and Westcode UK businesses. The businesses will keep trading under their own brands in the US and Europe.
Cloverleaf Cold Storage completed the transaction by which Zero Mountain Inc. merged into Cloverleaf.
NICHE Chemical LLC, a division of New Day Aluminum Holdings, acquired Imerys Fused Minerals Hull Ltd, a UK-based fused magnesia business located in Hull, England. The business will be renamed NICHE Fused Magnesia Limited.
Metal Exchange Corporation and Novellini Industries formed a joint venture, novALmec, to expand the existing billet casting plant in Romanore, Italy, from 22,000 to over 33,000 tons per year of secondary aluminium billets.
H&C Automated Solutions, a Mercer Group company, has acquired the chilling and freezing business of New Zealand engineering company Milmeq, adding capabilities for cheese and meat processing operations.
UBE Corporation Europe, a subsidiary of UBE Industries, acquired a majority stake in Repol, a Spanish compound business using nylon and other resins. The deal was signed and completed in March 2019 for an undisclosed amount.
Tambour Ltd, a subsidiary of Kusto Group, finalized the acquisition of Israeli plaster manufacturer Geves Gesher Ltd. in March 2019 for $5.5 million. Tambour had previously acquired 51% ownership in 2006 for $1 million, and the remaining 49% for $4.5 million in 2019.
Oucons Oy, a Comatec Group company, acquired the business of Savon Konesuunnittelu Oy as of March 1, 2019, adding eight employees and boosting conveyor and material handling expertise.
Steve Millen Sports Parts Inc. completed its acquisition of Street Scene Equipment, a manufacturer of aftermarket performance styling parts for trucks and muscle cars. Terms were not disclosed.
Steinbeis Holding GmbH acquired the shares of Kruschitz GmbH and Plast Compound Kunststoffproduktions GmbH, effective February 25, 2019. Kruschitz is a specialist in plastic recycling with sites in Austria and Germany.
Dana acquired the Drive Systems segment of the Oerlikon Group, including the Graziano and Fairfield brands, expanding its e-propulsion capabilities.
Azelis acquired 100% of the distribution activities of MK Ingredients & Specialties and SSD Industries in India, strengthening its Food & Health business.
Hadley Group, a leader in advanced cold rolled steel technology, has acquired EWS (Manufacturing), a UK-based producer of cold rollformed sections. The acquisition was announced on March 1, 2019.
First Tractor Company and its parent China YTO are selling 100% equity and all claims of their forklift subsidiary to Luoyang Chenhan Agricultural Equipment Technology for an undisclosed amount.
Optomec, a provider of additive manufacturing systems, acquired Huffman, a company specializing in metal 3-D printing and machining.
Sivantos and Widex successfully completed their business combination, creating WS Audiology with combined revenues of over EUR 1.7 billion and more than 10,000 employees. The new company is headquartered in Lynge, Denmark and Singapore.
Dana Incorporated completed the acquisition of Oerlikon Group's Drive Systems segment, including Graziano and Fairfield brands, for CHF 600 million (approximately $600 million). The acquisition agreement was signed in July 2018.
OMNI Environmental Solutions, Inc., a portfolio company of One Equity Partners, acquired Pennsylvania-based Force Environmental Solutions, LLC, a provider of environmental equipment and transportation and disposal services to energy producers in the northeast U.S. The acquisition was announced in March 2019.
Sofindev, via its SOFINDEV IV fund, acquired a significant stake in Mabo-Lifting. The announcement was made on March 1, 2019.
Korean Hanon Systems acquired the global fluid pressure and controls business of Magna International for a global deal value of US$1.2 billion. Kochhar & Co advised on the Indian leg of the transaction, as reported on 1 March 2019.
Atlas Copco acquired Appleton Compressor Service & Supply, a long-established US distributor of its compressors based in Wisconsin with about 15 employees. The purchase price was not disclosed.
HEICO Corporation's Flight Support Group acquired 80.1% of Decavo, LLC, a composite parts manufacturer, in an all-cash transaction on February 28, 2019. Financial terms were not disclosed.
Spirit AeroSystems Holdings Inc. made new commitments to the European Union to secure approval for its $650 million acquisition of airline parts supplier Asco, with final approval expected in spring 2019.
Kratos Defense & Security Solutions acquired an 80.1% interest in Florida Turbine Technologies (FTT), a developer of advanced turbine engines, for $60 million ($33 million cash and $27 million stock). FTT will become part of the Kratos Turbine Technologies Division, focused on small jet engines for tactical weapons and unmanned aerial systems.
Motherson Sumi Systems Ltd, through its subsidiary Motherson Rolling Stock Systems GB Ltd, signed a definitive agreement to acquire Bombardier Transportation's electrical components and systems business in Derby, UK, for approximately £10.87 million. The deal includes assets, employees, and inventories, and is expected to close between April and June 2019.
Volkswagen AG signed a strategic agreement to acquire a 50% stake in Anhui Jianghuai Automobile Group Holding, the parent of JAC Motor, for around EUR 1 billion. The deal is expected to close by the end of 2020.
ATS Automation Tooling Systems completed its acquisition of Comecer S.p.A, a leader in aseptic containment and processing systems for nuclear medicine and pharmaceuticals. The deal was previously announced on December 19, 2018.
Westone Laboratories, in partnership with HealthEdge Investment Partners, acquired Custom Protect Ear, the largest custom-fit industrial hearing protection manufacturer in North America. The deal closed on February 28, 2019.
Shell agreed to acquire Limejump, a UK-based energy generation trader that optimizes renewable assets via a digital platform. Limejump will become a wholly owned subsidiary of Shell.
Fenix Group, a specialty coatings company, acquired Concrete Coatings, Inc. (CCI), headquartered in Layton, UT, to expand its product offerings and manufacturing footprint in the construction and concrete market.
KraussMaffei signed a share purchase agreement to acquire Pultrex, a UK-based composites technology company, strengthening its position in the composites market.
Liberty, part of GFG Alliance, has made a binding conditional offer to acquire seven steel producing sites from ArcelorMittal in six European countries, including two major integrated works in the Czech Republic and Romania.
Platinum Equity has completed the acquisition of Lonza's water care business in a transaction valued at approximately $630 million. The business, headquartered in Alpharetta, GA, has six production facilities across North America, South America, and EMEA.
Indorama Ventures Public Company Limited has completed the acquisition of UTT Beteiligungsgesellschaft mbH, a leading supplier of airbag fabrics with manufacturing sites in Germany and Mexico and a combined capacity of around 70 million sqm of fabrics.
Italian manufacturer Safim, a portfolio company of Ambienta, completed the acquisition of OMNI Hydraulik Ritter GmbH, a German distributor of hydraulic valves and brake pumps for off-highway vehicles. The deal was announced on 28 February 2019.
Duplomatic Motion Solutions, sponsored by Alcedo SGR, completed the purchase of hydraulic technologies provider Hydreco from Clyde Blowers Capital, which had owned it since 2008. Hydreco's sales were over £25.6m.
The Middleby Corporation has entered into a definitive agreement to acquire the Cooking Solutions Group of Standex International Corporation, which posted revenues of approximately $100 million last year. The acquisition includes brands such as Ultrafryer, APW Wyott, Bakers Pride and BKI.
Unitech Holdings, Inc. acquired Paul Holdings, Ltd. and W&J Tod Holdings, Ltd., both based in the United Kingdom. Paul specializes in complex aircraft engine assemblies, and Tods manufactures composite products for aerospace and defense. The acquisitions significantly expand Unitech's global operations.
Marco Polo International and Global Plastics merged to form MGI International, a new holding company. ITOCHU International Inc. acquired a significant minority stake in MGI International. Financial terms were not disclosed.
Carmeuse Lime & Stone acquired Yager Materials, a Kentucky-based aggregate, asphalt and ready-mixed concrete producer, along with its subsidiaries. The acquisition includes a stone quarry, sand and gravel dredge business, aggregate yards, asphalt plants, concrete plants, a liquid asphalt terminal, and a marine barge division.