Comfort Systems USA has agreed to acquire Walker Texas Holding Co., a family-owned Irving, Texas-based provider of commercial electrical services. The transaction is expected to close early in Q2 2019 and will add $325-375 million in annualized revenue.
Smurfit Kappa acquired Papcart, a French offset printing and consumer cardboard packaging company with two sites in Gétigné and Jarnac, to expand its luxury, wine and spirits, FMCG and bag-in-box portfolio. The deal was reported on 21 February 2019.
VPK Packaging Group agreed to buy the European and Chinese coreboard and tube businesses of Corenso from NPAC International, comprising two coreboard mills and 13 core converting plants. Completion is expected in the second quarter of 2019.
Ineos Styrolution has completed the acquisition of two polystyrene production sites in Foshan and Ningbo, China, from Total S.A., along with related sales offices in Guangzhou and Shanghai.
Glanbia Nutritionals struck a deal to acquire Watson Inc, a Connecticut-based manufacturer of custom nutrient premixes, bakery ingredients, edible films and material conditioning products, for a reported USD 89 million.
KLA Corp. completed its acquisition of Orbotech, an automated optical inspection equipment vendor, for approximately $3.4 billion in equity. The deal, announced in March 2018, closed on February 20, 2019 after receiving Chinese antitrust approval.
Chinese Hailiang Group agreed to acquire the European brass and copper tube business from KME Germany GmbH & Co. KG, marking its entry into the European market. The transaction includes divisions in Germany, Italy, Spain, and a put option for the French brass business.
EMMETI Spa, MECTRA Spa, SIPAC Spa and LOGIK Srl merged to form EMS Group, with investment from XENON PRIVATE EQUITY. The group has 290 employees and €130 million revenue, aiming for €200 million.
SCHWENK Zement KG entered into an agreement to acquire CEMEX's assets in the Baltics and Nordics for approximately €340 million, including a cement plant in Broceni, Latvia, and interests in a plant in Lithuania, plus terminals in Finland, Norway, and Sweden.
Endúr Fabricom completed its acquisition of Bergen Group ASA in a reverse merger transaction on February 20, 2019, resulting in Endúr shareholders owning 51% of the combined entity, which will be renamed Endur ASA.
Mitsubishi Logisnext will transfer its 70% stake in Chinese forklift manufacturing subsidiary Anhui Hecha Forklift Co., Ltd. to joint venture partner Anhui Defu Investment Co., Ltd. The transfer price is undisclosed and is expected to be completed by April 2019.
CasterDepot, a Michigan-based caster and wheel supplier, acquired the caster and wheel division of Bastian Solutions, a Toyota Advanced Logistics Company, expanding to Indianapolis.
Huaneng Taishan Power Co., Ltd. is seeking to sell its 11.01% stake in TBEA Shandong Luneng Taishan Cable Co., Ltd. (Luneng Cable), listed on the Beijing Equity Exchange from February 19, 2019. The reference price is negotiable.
PPG signed an agreement to acquire Whitford Worldwide, a producer of low-friction and nonstick coatings for industrial applications. The deal is expected to close in Q1 2019.
Owens Corning invested $13.6 million to acquire an existing facility in Blythewood, S.C., and plans to convert a line to produce coated nonwoven products for building materials, creating 16 jobs.
Kenney Machinery entered into an agreement to sell its residential landscape and irrigation supply business (Kenney Outdoor Solutions) to Ewing Irrigation and Landscape Supply, with the sale targeted to close at the end of February 2019.
KBS Fashion Group Ltd. executed a non-binding Letter of Intent to acquire Tribe Wearables, a smart clothing technology company in Komotini, Greece. KBS will first acquire 20% equity based on a $5 million pre-money valuation, with an option to acquire additional interests.
Legrand, North and Central America entered into a definitive agreement to acquire Universal Electric Corporation (UEC), a global leader in flexible power distribution systems and manufacturer of STARLINE and U-S Safety Trolley products. The acquisition will enhance Legrand's data center power capabilities.
AGC agreed to acquire the global operations of the Advanced Dielectric Division and a portion of the Industrial Products Division of US-based Taconic. The acquisition is subject to regulatory approval and will expand AGC's footprint in high-performance materials for high-speed communications.
Camira Group, a textile manufacturer, acquired Holmfirth Dyers, a fabric dyeing and finishing company. The acquisition extends Camira's vertical supply chain and brings its total turnover above £100 million per annum.
Tubacex and Senaat General Holding Corp. agreed to acquire The Nobu Group, a Dubai-based precision component repair and manufacturing services provider for oilfield equipment. The transaction is expected to close in March 2019.
Glaston is selling its Glaston Tools Srl segment to Bavelloni SpA, a glass processing machinery company. The acquisition is for 100% of the shares.
Glaston Corp. signed an agreement to acquire the Bystronic Glass Group from Swiss industrial holding company Conzzeta AG. The transaction is expected to close by the end of Q1 2019, subject to regulatory approval.
Komatsu America Corp. announced it has entered into a definitive agreement to acquire TimberPro, Inc., a Wisconsin-based manufacturer of purpose-built forest machines and attachments. The acquisition is expected to close on April 1, 2019.
Recticel announced the closing of the divestment of its Proseat joint venture, with Sekisui Plastics acquiring 75% of Proseat. Recticel retains 25% with an option to sell by January 1, 2022.
Rostec and RTI-Microelectronics signed a binding agreement to create a combined company in microelectronics, contributing controlling stakes in 19 enterprises. RTI-Microelectronics will hold 50%+1 share, Rostec and Roselektronika will hold 50%-1 share.
Rockwell Automation and Schlumberger agreed to create Sensia, a joint venture offering integrated automation and measurement solutions to the oil and gas industry. The transaction is expected to close and begin serving customers in summer 2019, subject to regulatory approvals.
Ingevity Corp. completed its acquisition of the Capa caprolactone division of Perstorp Holding AB, to be included in its Performance Chemicals segment.
PAREX, a portfolio company of CVC Capital Partners, has acquired CTM Coatings Inc., a Montreal-based specialist in flooring compound systems with 30 employees and its own chemical production facility. The acquisition marks PAREX's entry into Canada, its 24th country.
Kordsa, a subsidiary of Sabanci Holding, has agreed to acquire Axiom Materials, a supplier of advanced composites. The acquisition is subject to regulatory approvals.
Michelmersh Brick Holdings has acquired the entire issued share capital of Floren & Cie, a Belgian clay brick manufacturer, for a maximum consideration of EUR 9.9 million. The acquisition enhances Michelmersh's product portfolio and provides a foothold in new European markets.
AutoMate Label Solutions acquired the assets of Diverse Label Printing as part of its bankruptcy proceedings. AutoMate will continue manufacturing in Burlington, North Carolina.
Boston Scientific signed an agreement to acquire UK-based BTG for $4.2bn. The deal is expected to close mid-2019 after antitrust clearance.
Total acquired Synova, a French leader in manufacturing high-performance recycled polypropylene for the automotive sector. Synova produces 20,000 tonnes per year of recycled polypropylene.
Sdiptech AB acquired all shares in Water Treatment Products Limited and its holding company. The company is valued at GBP 15.9 million, with GBP 10.3 million paid at closing.
KLA-Tencor and Orbotech announced that China's SAMR provided antitrust clearance for their proposed merger. The merger is expected to close on February 20, 2019.
Shell is taking over Sonnen, a German manufacturer of stationary energy storage systems, making it a wholly-owned subsidiary after regulatory approval.
Mno-Bmadsen, the investment arm of the Pokagon Band of Potawatomi Indians, acquired a majority stake in Enmark Tool & Gage, a precision machining company serving aerospace, automotive, defense and machine tooling sectors. The deal closed on February 1, 2019.
Linxis Group, a leader in specialized equipment for bakery and health industries, acquired Unifiller Systems, a global leader in portioning and depositing equipment for bakeries, on February 15, 2019.
Continental Batteries, a portfolio company of Incline Equity Partners, acquired Battery Distributors (BDI) on February 15, 2019.
The Chemours Co. announced the acquisition of Southern Ionics Minerals LLC, a minerals exploration, mining and manufacturing company headquartered in Jacksonville, Florida.
Elemica, a cloud-based digital supply network for global process industries, announced its acquisition by Eurazeo, a global investment company.
The Toro Company announced a definitive agreement to acquire Charles Machine Works, parent of Ditch Witch, for $700 million in cash. The transaction is expected to close before the end of Toro's fiscal 2019 third quarter.
Minda Industries' board approved the merger with Harita Seating Systems, also acquiring a 51% stake in Harita Fehrer Limited, a joint venture with Fehrer Automotive GmbH. Harita has 12 manufacturing plants across India.
Hitachi Limited will acquire ABB's Power Grid business for an enterprise value of $11 billion. ABB will spin off the business into a joint venture, initially retaining a 19.9% stake, with Hitachi holding a call option to acquire the remaining shares. The transaction is expected to close by the first half of 2020.
E.ON Sverige AB is acquiring AirSon Engineering AB, a Swedish company specializing in cleanroom technology, HVAC design and energy efficiency services for industrial and property clients. The acquisition is expected to close in March 2019.
Industrial Flow Solutions, a portfolio company of May River Capital, acquired Stancor LP of Monroe, Connecticut and BJM Pumps of Old Saybrook, Connecticut, in a merger with the sellers Longview Asset Management and Knox Capital. No financial terms were disclosed.
Shanghai Jita Semiconductor completed the absorption merger and privatization of Shanghai Advanced Semiconductor Manufacturing Corporation (ASMC), paying Shanghai Belling RMB 118.0061 million and HKD 56.31 million for its stake. The transaction was finalized in February 2019.
The UK Competition and Markets Authority cleared the anticipated acquisition by AL-KO Kober Holdings Limited of Bankside Patterson Limited. The merger inquiry was launched on 13 February 2019 and cleared on 24 April 2019.
ProMach, a packaging machinery solutions provider, acquired Code Tech Corporation, a supplier of inkjet marking and coding solutions based in Princeton, New Jersey. Code Tech's leadership will continue to lead thermal inkjet development within ProMach.