Ineos Styrolution signed an agreement to acquire two polystyrene production sites in Ningbo and Foshan, China, from Total S.A. The deal includes two related offices and has a combined annual capacity of 400 kt.
L.C. Group sold Crowley Chemical, Inc. and Rusmar, Inc. to Palo Duro Capital, LLC. The companies will become part of newly-formed CCR Specialty Chemicals, LLC. Financial terms were not disclosed.
Mitsubishi Hitachi Power Systems (MHPS) decided to transfer its entire industrial-use non-reheat thermal power facilities business in Japan to its wholly owned subsidiary MHPS-IDS, effective January 1, 2019, via an absorption-type company split.
Lenders of Prayagraj Power Generation Company agreed to divest a 75.01% stake to Resurgent Power Ventures, a Singapore-based joint venture.
Ballard Power Systems entered a strategic collaboration to acquire a 19.9% interest in Weichai Power for approximately $163 million, and agreed to establish a joint venture for fuel cell electric vehicles in China.
Honeywell has acquired Ortloff Engineers Ltd., a privately held licensor and developer of natural gas liquids recovery technologies. The acquisition closed on August 31, 2018, and terms were not disclosed.
Archer Limited has agreed to sell its AWC Frac Valves unit, based in Conroe, Texas, to a US private equity fund for USD 30 million on a debt- and cash-free basis. An earn-out of up to USD 5 million depends on 2018 results.
Sensata Technologies has completed the sale of its valves business to Japan's Pacific Industrial for a total enterprise value of about USD 175 million. The business makes engineered valves for automotive, aerospace, HVAC/R and heavy-duty vehicle customers.
Orora Limited has acquired Dallas-based packaging distributor Bronco Packaging Corporation for up to USD 24 million as part of growth in its North American packaging business. Bronco generates over USD 50 million in revenue, mainly serving fresh food manufacturers in Texas.
Caterpillar entered a preliminary agreement to sell its purpose-built forestry business (excluding forestry excavators) to Weiler, Inc. The sale is expected to close by early 2019.
HB McClure Company, a Harrisburg-based heating, plumbing, and electrical service provider, merged with BBEC Inc., a Mechanicsburg-based electrical contractor, to enhance its commercial and industrial offerings.
Heico's Flight Support Group acquired Optical Display Engineering (ODE), an FAA-authorized Part 145 Repair Station and PMA holder specializing in repair of LCD screens and display modules.
Bovie Medical Corporation completed the divestiture and sale of its Core business segment and the Bovie brand to Symmetry Surgical for $97 million in cash.
AKKA has assumed full control of MBtech from Daimler, acquiring the remaining stake to make it a wholly owned subsidiary, to be renamed AKKA GmbH & Co. KGaA. The deal was cleared by the German Federal Cartel Office on August 30, 2018.
Timken India Ltd, a subsidiary of The Timken Company, completed the acquisition of ABC Bearings Ltd, a manufacturer of roller bearings based in India.
Stryker announced a definitive merger agreement to acquire all shares of K2M Group Holdings for $27.50 per share, totaling approximately $1.4 billion.
Fruit d'Or agreed to acquire a majority holding in Bleuets Mistassini and Bleuet Nordic, two Quebec berry processors, to create a unified entity focused on international growth.
Canaccord Genuity Acquisition Corp announced shareholder approval for its qualifying acquisition to merge with Spark Power Corp, making Spark Power a wholly-owned subsidiary. The transaction is scheduled to close on August 31, 2018.
IMCD N.V. signed an agreement to acquire 100% of VELOX GmbH, a European distributor of speciality chemicals for plastics and composites, headquartered in Hamburg, Germany. The transaction is subject to regulatory review.
Royal Philips acquired Xhale Assurance Inc, a US-based developer of next-generation sensor technologies including a disposable pulse oximetry sensor. Financial details were not disclosed.
Race Winning Brands, a portfolio company of Kinderhook Industries, acquired Dart Machinery, a manufacturer of high-performance engine blocks, cylinder heads, and intake manifolds. Dart's founder Richard Maskin will remain as a partner and Chairman of R&D.
Weichai Power signed a deal to acquire a 19.9% stake in Ballard Power Systems for $163 million and establish a joint venture in China. The joint venture will manufacture Ballard's next-generation fuel cell stacks for Chinese markets.
Avem Partners, a Los Angeles-based aerospace private equity firm, acquired Future Tech Metals Inc, a supplier of roughing and finishing services for aerospace forging manufacturers based in Riverside, California. Financial terms were not disclosed.
Marlowe acquired Suez WCS, a UK water treatment and hygiene services business, for an enterprise value of £4.5 million. Suez WCS employs approximately 170 staff and generated revenues of £13.2 million in 2017.
Schott AG acquired 100% of the shares in Primoceler Oy, a Finnish pioneer in glass micro bonding. Primoceler will operate as SCHOTT Primoceler Oy in Tampere, Finland, under Schott's Electronic Packaging division.
WCS Group, a Marlowe plc division, acquired the commercial water treatment, hygiene and Legionella testing interests and assets of Suez Water Conditioning Services UK, including B&V Water and Sentinel Water, adding about 172 staff and making WCS Group the No.1 UK water treatment business with circa £40 million annualised revenue.
Fortive Corporation commenced an exchange offer to split off its Automation & Specialty platform (excluding Hengstler and Dynapar) and combine it with Altra Industrial Motion Corp. Fortive stockholders can exchange shares for Newco stock, which will convert into Altra common stock.
Kyoto Seisakusho acquired PMI Cartoning in December 2017, and the two packaging equipment makers began operating as PMI KYOTO Packaging Systems in July 2018.
RPC sold its foodservice business, Letica Corporation, to US-based Graphic Packaging International for $95 million (£74 million).
Bucher Hydraulics acquired an 80% majority stake in Wuxi Deli Fluid Technology, a Chinese maker of hydraulic pumps and compact power units, to form a joint venture in Wuxi, Jiangsu Province, subject to Chinese approval. Wuxi Deli generated about US$40.45 million in revenue in 2017.
Izolyator Company (Russia) and Mehru Electrical & Mechanical Engineers (India) signed an agreement on August 27, 2018 to establish a joint venture for manufacturing high-voltage bushings with solid RIP insulation in India.
KLX Inc. shareholders approved the company's acquisition by Boeing for $3.2 billion. The deal still requires regulatory approval and the divestiture of KLX's energy services business.
Sumitomo Corporation agreed to sell its stakes in Chilean copper mines to South32 for approximately $1.5 billion.
Escorts Ltd and Tadano Group signed a joint venture agreement to form TEI (Tadano Escorts India) to manufacture rough terrain cranes and truck mounted cranes in India. Tadano holds 51% and Escorts 49%.
Wright Medical Group N.V. entered into a definitive agreement to acquire Cartiva, Inc., a private orthopaedic medical device company, for $435 million in cash. Cartiva's lead product is a Synthetic Cartilage Implant for treating great toe osteoarthritis.
DexCom announced the acquisition of TypeZero Technologies, a developer of algorithms for automated insulin delivery systems. Terms were not disclosed. DexCom expects to support the first commercial launch of an AID system using TypeZero's algorithm in 2019.
Omni-Lite Industries Canada Inc. completed its acquisition of Monzite Corporation, a manufacturer of RF and microwave components, for 1,225,000 shares of Omni-Lite common stock and warrants. The deal was announced in August 2018 and closed on September 24, 2018.
Arsenal Capital Partners acquired Epoxy Technology, a manufacturer of specialty epoxy, UV, and hybrid adhesives. Financial terms were not disclosed.
The Arcticom Group acquired Pro-Tec Refrigeration, an Arizona-based commercial and industrial refrigeration service company. Financial terms were not disclosed.
Yongsheng New Materials' subsidiary Yongsheng Dyeing & Finishing sold 30% equity in Nantong Yongsheng to HUVIS for CNY 17.66 million. Nantong Yongsheng becomes a joint venture, and HUVIS grants exclusive technology and brand licenses in China.
US packaging group Sonoco acquired the remaining 70% stake in Conitex from Texpack, giving it 100% of Conitex, the parent of Papertech in Tudela, Spain. The deal is valued at EUR 123 million and was notified to Spain's CNMC on 27 August 2018.
Atlas Copco has agreed to acquire the cryogenic business of Brooks Automation, including cryopump operations in Chelmsford, MA and Monterrey, Mexico, for a total value of USD 675 million. Completion is expected in Q1 2019, subject to regulatory approvals.
Stäubli Group acquired a 70% stake in WFT GmbH & Co. KG, a German specialist in special purpose machines and mobile platforms. The new entity will operate as Stäubli WFT GmbH, focusing on AGVs and automation add-ons.
GAL Power Systems, an Ottawa-based provider of critical power and temperature control solutions, has been acquired by Florida-based private equity firm Trivest Partners. The deal includes a recapitalization to accelerate growth and expansion into the U.S.
Systemair AB has acquired Greentek, a Canadian manufacturer of residential air handling units with heat recovery, from Imperial Manufacturing Group Inc. The closing is scheduled for September 4, 2018.
Bruker Corporation has signed a definitive agreement to acquire an 80% majority interest in Hain Lifescience GmbH, a German molecular diagnostics company specializing in infectious disease testing. The acquisition is expected to close in Q4 2018. Financial details were not disclosed.
Hefei Metalforming Intelligent Manufacturing Co. (Hefei Metalforming) received German government approval to acquire all shares of Lauffer GmbH, a 147-year-old German hydraulic press manufacturer. The acquisition was completed after the German Federal Ministry for Economic Affairs and Energy issued a no-objection certificate.
Titan reached an agreement to increase its participation in its Turkish joint venture Adocim Cimento Beton Sanayi ve Ticaret A.S. by acquiring an additional 25% from its partner, while disposing of its 50% stake in a grinding plant. The transaction is expected to close by end of November 2018.
Windsor Materials Handling acquired Southampton-based material handling equipment supplier Geolift Ltd, expanding into the South coast area of the UK and opening its 13th branch.
GWS Tool Group announced the acquisition of Custom Carbide Corp (A/K/A Benchmark Carbide) of Springfield, Massachusetts. The acquisition adds Benchmark's standard high performance endmills to GWS Tool Group's offerings.