Nexeo Solutions agreed to divest its plastics distribution business (Nexeo Plastics) to an affiliate of One Rock Capital Partners for an enterprise value of $640 million. The transaction is expected to close in the first half of 2019.
Daikin Industries, through its subsidiary Daikin Europe N.V., has acquired AHT Cooling Systems GmbH for €881 million. The acquisition is expected to be finalized in January 2019.
Kurita Water Industries Ltd. has signed a definitive agreement to acquire U.S. Water Services Inc. from ALLETE Inc. The transaction is expected to close by the end of Q1 2019.
Thailand's Indorama Ventures Public Company Limited signed a definitive agreement to acquire 100% of Bevpak Limited, a Nigerian manufacturer of PET preforms with a production capacity of 18,000 tons/year. The transaction is expected to close in the current quarter.
Chatsworth Products (CPI) acquired R. F. Mote Ltd., a Canadian provider of data center racks, cabinets and enclosures. The acquisition adds Canadian manufacturing and assembly capabilities, with R. F. Mote becoming a wholly owned subsidiary of CPI.
bioMérieux, a global player in in-vitro diagnostics and food microbiology testing, acquired Invisible Sentinel Inc., a Philadelphia-based developer of molecular diagnostic tools for food and beverage pathogen detection. The acquisition strengthens bioMérieux's position in food pathogen testing and spoilage organism detection.
Foundation Building Materials closed the acquisition of Builders' Supplies Ltd., an independent distributor of drywall, steel framing, ceiling tile and grid with three branches in the Greater Toronto Area. Terms were not disclosed.
River Associates Investments acquired Presco Polymers, a manufacturer of commercial marking products and customized vinyl films based in Sherman, Texas. The transaction was funded from River's seventh investment fund.
Hull Street Energy agreed to acquire the 56MW Bayswater and 54MW Jamaica Bay natural gas-fired peaking power plants in New York. The financial terms were not disclosed.
French mid-cap company LACROIX Group has acquired SAE IT-systems, a provider of connected equipment for monitoring and securing electric grid and renewable energy infrastructures. The acquisition enables LACROIX to enter the smart grid market.
STMicroelectronics signed an agreement to acquire 55% of Swedish silicon carbide wafer manufacturer Norstel AB, with an option to buy the remaining 45% for a total consideration of $137.5 million.
LyondellBasell Industries continues discussions to purchase a controlling stake in Brazilian petrochemical maker Braskem from Odebrecht, despite delays due to political changes in Brazil.
Corvus Energy, a supplier of energy storage systems for the maritime industry, has signed an agreement to acquire all shares in Grenland Energy, a developer and manufacturer of lightweight lithium-ion batteries for maritime, offshore and subsea applications.
Z Capital Partners, L.L.C. has acquired Techniks Tool Group, a provider of tool holding and workholding products for CNC machine applications serving industrial end markets.
Dormer Pramet has acquired Wetmore Tool and Engineering, a US-based manufacturer of HSS and solid carbide cutting tools for the aerospace industry, based in Chino, California.
Kvadrat, a manufacturer of designer fabrics, has acquired Verosol Group, a specialist in technical sun protection fabrics. The acquisition gives Kvadrat a strong position in the market for high-performance textiles.
The US Federal Trade Commission approved, with conditions, the $1.1 billion bankruptcy sale of M&G USA's unfinished plastic resin factory in Corpus Christi, Texas, to Corpus Christi Polymers LLC.
Nefab Americas has acquired Pacific Coast Packaging, which makes custom wood, foam and corrugated packaging at its Anaheim, California location. The announcement was made on 6 February 2019.
Timber Investments bought a 51 per cent interest in Columbia Containers from Providence Grain Group, which keeps 49 per cent. Columbia Containers operates a grain and agri products container transloading facility in Vancouver, B.C., now with capacity of 1.5 million tonnes a year.
Smithfield Romania bought Maier Com, a local meat packaging plant in Romania. The article gives no deal value.
On Feb. 5, 2019, Trelleborg, through its Trelleborg Industrial Solutions business area, assumed full ownership of the joint venture with Max Seal, acquiring the remaining 49% of shares. The facility in Tijuana, Mexico produces watertight seals.
Galena Mining has agreed to sell a 40 percent stake in its subsidiary Abra Mining, owner of the Abra Base Metals Project in Australia, to Toho Zinc for A$90 million ($65.5 million).
Sekisui Plastics Europe GmbH acquired a 75% share of Proseat GmbH & Co. KG and seven other Proseat companies from Belgian Recticel NV/SA. Proseat is Europe's largest independent automotive parts manufacturer for seat cushion material and trim parts.
The European Commission approved the acquisition of joint control over Formosa I International Investment Co., an offshore wind farm project near Miaoli, Taiwan, by Macquarie, Ørsted, Swancor and JERA Power International.
Resonetics announced the acquisition of Caribou Technologies, a Minnesota-based supplier of centerless grinding, forming, coiling, machining and laser processing for the medical device industry.
Advantech completed the acquisition of an 80% stake in OMRON Nohgata, a subsidiary of OMRON Corporation. The acquired entity will be renamed Advantech Technologies Japan and will focus on factory automation, machinery, and medical sectors.
Air Transport Services Group's subsidiary LGSTX Services acquired TriFactor Distribution Solutions, a material handling systems integrator based in Lakeland, FL.
Accuray Asia Limited and CNNC High Energy Equipment (Tianjin) Co., Ltd formed a joint venture, CNNC Accuray (Tianjin) Medical Technology Co., Ltd., to manufacture and sell radiation oncology systems in China. CIRC's subsidiary owns 51%, Accuray's 49%.
The European Commission approved Siemens' acquisition of sole control over Veja Mate Offshore Project GmbH, a 402 MW offshore wind farm in the German North Sea.
Siemens and Mitsubishi Heavy Industries jointly bid to acquire Alstom's gas turbine business for EUR 3.9 billion and a 10% stake in Alstom for EUR 3.1 billion, respectively.
Lennox International announced plans to sell its Kysor/Warren business, a manufacturer of refrigerated merchandisers and systems, aiming to close the sale in the first quarter of 2019.
McLaren Packaging has acquired Port Glasgow-based Moelle Interlok Packaging from administration through newly formed Interlok Divisions. The report is dated 5 February 2019.
PPC Flexible Packaging, based in Buffalo Grove, Illinois, announced its acquisition of Pewaukee, Wisconsin-based HFM Packaging, a maker of labels and pouches for cosmetics, personal care and pharma.
GFG Alliance, through its Liberty House group, completed the acquisition of the Aluminium Dunkerque smelter in France from Rio Tinto for approximately US$500 million. The smelter will be renamed Liberty Aluminium Dunkerque.
Stellex Capital Management acquired Paragon Metals, a maker of precision machined components and assemblies with three facilities in southern Michigan, serving automotive, heavy truck and general industrial markets. No financial terms were disclosed.
RG Group has acquired The Proud Company, an industrial automation solution provider based in Pittsburgh, Pennsylvania, on February 4, 2019.
AMF Bakery Systems has announced the integration of Tromp Group, including Tromp Sheeting and Depositing Systems and Den Boer Baking Systems, under the AMF brand, effective immediately.
Diodes Incorporated has entered into an agreement to acquire Texas Instruments' wafer fabrication facility and operation in Greenock, Scotland (GFAB). The facility has a potential capacity of up to 21,666 wafer starts per month.
United Pipe & Steel and Merfish Pipe & Supply are combining under Merfish Pipe Holdings, majority owned by One Equity Partners. The merger creates the largest master distributor of standard pipe products in the US.
Total Specific Solutions (TSS) has acquired Italian software vendor Remote Terminal System Srl (RTS), which provides ERP software for corrugated packaging manufacturers. The announcement is dated 4 February 2019.
Avantium paid BASF $20 million to acquire its partner's equity and asset investments in the Synvina furandicarboxylic acid joint venture, after BASF withdrew over timing of an investment decision.
Ichinomiya Electric Corporation acquired a 49% stake in Suzhou Amneo Drive, a Chinese electric drive manufacturer. The partnership was formalized on February 2, 2019, and a new joint venture named Kinetec Amneo Drive Electric was established.
Kruger Plastic Products, a portfolio company of HC Private Investments, acquired Northern California Injection Molding and El Dorado Molds (NCIM), creating a leading manufacturer of custom injection molding tooling and parts. The combined business has facilities in California, Michigan and North Carolina with over 250 employees.
Swiss precision drive specialist Maxon Motor acquired British geared motor manufacturer Parvalux Electric Motors Ltd. as of February 2019 for an undisclosed sum. Parvalux has 185 employees and annual revenue of £23 million.
DexKo Global Inc., through its Australian subsidiary AL-KO International, has signed an agreement to acquire Preston Chassis Industries Pty Ltd, a supplier of chassis for the caravan industry based in Campbellfield, Victoria.
De Nora acquired the Albuquerque-based MIOX business from Johnson Matthey, adding mixed oxidant on-site generation technology to its water purification portfolio.
Innovative Foodservice Group (IFG), a portfolio company of Trivest Partners, acquired JES Restaurant Equipment, Inc., a South Carolina-based foodservice equipment distributor. This is IFG's second acquisition as a Trivest portfolio company.
Vermeer Corporation purchased Vac-Tron Equipment, LLC, a Florida-based vacuum excavation equipment manufacturer, and plans to integrate it with McLaughlin Group, Inc. (acquired in 2017) under the combined group Vermeer MV Solutions.
CenterPoint Energy and Vectren Corp. announced the completion of their merger. Vectren shareholders received $72 per share in cash, and the combined company is headquartered in Houston with $29 billion in assets.
LafargeHolcim acquired the assets of Transit Mix Concrete Co., a building materials supplier in Colorado, for $27 million. The acquisition includes ready-mix operations and the Daniels Sand Quarry.