MediaTek announced it will create a new TV chip business group by integrating MStar Semiconductor's TV chip design team, following Chinese Ministry of Commerce approval to proceed with the NT$112 billion (US$3.65 billion) merger announced in 2012.
The Competition Commission of India approved UltraTech Cement's acquisition of the cement business of Century Textiles and Industries. The deal, valued at ₹8,561 crore enterprise value plus ₹3,000 crore debt, will increase UltraTech's capacity to 110 mtpa.
Østensjø Rederi signed a contract to sell the light construction vessel Edda Fonn to the Royal New Zealand Navy for $103 million, with delivery in May 2019 after modifications.
Tata Steel and thyssenkrupp signed a definitive agreement to combine their European steel businesses in a 50/50 joint venture named thyssenkrupp Tata Steel B.V., expected to create additional value of around 5 billion euros.
RPC bpi recycled products has acquired PLASgran, a UK rigid plastics recycler, in a £34.5 million deal.
Methode Electronics announced a definitive agreement to acquire Grakon Group, a global leader in advanced lighting and electronics systems for vehicle OEMs. The acquisition is expected to expand product offerings and accelerate growth.
ENGIE North America Inc. acquired Donnelly Mechanical Corporation, a mechanical, HVAC, and energy services contractor with over 200 employees serving customers in New York City.
LyondellBasell completed its acquisition of A. Schulman, Inc., a global supplier of high-performance plastic compounds, composites and powders, on August 21, 2018. The combined business will operate as a new Advanced Polymer Solutions segment.
Washington Equity Partners acquired Accu-Tube Corporation, a manufacturer of small-diameter stainless steel tubing based in Englewood, Colorado, and appointed Kevin McGrath as CEO. The acquisition was announced on August 21, 2018.
Fortissimo Capital signed a memorandum of understanding to acquire 30% of IDE Technologies Ltd. from Delek Group, valuing IDE at $412 million. Fortissimo will pay Delek for 60% of a subsidiary holding the stake.
Perfect Temperature Group AS (PTG) entered into an agreement to acquire Norway's FrioNordica and combine ownership with Kuldeteknisk in a new group, creating a complete refrigeration product portfolio for the seafood industry.
Teknos Oy will acquire Kiilto Oy's parquet lacquer business, including recipes, trade names, and customer contacts. The transfer of sales and logistics is set for November 1, 2018, and production transfer is planned for early 2019.
A joint venture formed by Soitec (60%) and MBDA (40%) acquired Dolphin Integration, including all employees, after the company went into receivership, to strengthen low-power semiconductor design and IP offerings.
Bucher Emhart Glass, a division of Bucher Industries, is taking over the remaining shares of its joint venture with Shandong Sanjin Glass Machinery Co., Ltd. in Zibo, China. The joint venture was formed in 2011 and Bucher already held a 63% stake.
Godrej Process Equipment, a unit of Godrej & Boyce, has acquired the Yuba and Ecolaire brands and design technologies from SPX Heat Transfer, a subsidiary of SPX Corporation, to make feedwater heaters and heat exchanger auxiliaries for power plants in India.
Morgan Stanley Energy Partners has made a majority equity investment in Midland, Texas pressure pumping provider Catalyst Energy Services to fund new Tier IV pumping equipment for the Permian Basin. No financial terms were disclosed.
The European Commission cleared Linde AG's planned $70 billion merger with Praxair Inc. after the companies agreed to sell off assets and businesses to address competition concerns.
High Arctic Energy Services acquired all shares of Powerstroke Well Control Ltd for $9.4 million, adding eight hydraulic workover units and a new build service rig, expanding into the United States and becoming the largest snubbing operator in Canada.
Tyson Foods announced it would buy Keystone Foods from Marfrig Global Foods for $2.16 billion. The deal includes six processing plants and an innovation center in the U.S., and eight plants and three innovation centers internationally.
Eurovia, a VINCI subsidiary, signed an agreement to acquire the Lane Asphalt Plants & Paving division of Lane Construction from Salini Impregilo Group for $555 million, adding about 40 asphalt plants and several quarries in 10 US states.
HBIS Group Co Ltd bought the Smederevo steel mill in Serbia for €46 million ($53 million) in April 2016, turning the loss-making plant into profit within six months.
PepsiCo has agreed to acquire all outstanding shares of SodaStream for $144.00 per share in cash, representing a 32% premium to the 30-day volume weighted average price. The acquisition is expected to expand PepsiCo's in-home beverage solutions.
RÖHM Products of America acquired Master WorkHolding Inc., combining their workholding expertise. Master WorkHolding will serve as RÖHM's North American manufacturing entity for prismatic clamping fixtures.
NIBE Industrier AB signed an agreement to acquire 51% of the EMIN Group, a 340-employee maker of fluid coupling systems with operations in Turkey and Serbia, with a call option on a further 29% in 2025. Completion is expected in eight weeks, subject to Turkish competition approval.
Dalmia Cement Bharat Limited took over the Banjari Cement factory in Rohtas, Bihar, from Kalyanpur Cement Limited after NCLT approval in December 2017. Trial production has begun, and cement will be marketed under Dalmia Cement brand from September 10, 2018.
Yamato Refrigeration Industry acquired a factory in Dazaifu City, Fukuoka Prefecture, for approximately 10 billion yen, and will relocate its current Fukuoka factory there. Production is scheduled to begin in October 2019.
Abzena announced it will be acquired by Astro Bidco, a wholly-owned subsidiary of Welsh, Carson, Anderson & Stowe (WCAS), for approximately £34.4 million ($43.7 million). Shareholders will receive 16p per share, a 167% premium over the trading price.
US Lumber, based in Atlanta, Georgia, has acquired Alexandria Moulding, a Canadian manufacturer of moulding products, through a strategic partnership. The acquisition was announced on August 17, 2018.
Zara Resources Inc. signed a definitive agreement to acquire all issued share capital of Fox Automotive Switzerland AG, Magnum Pirex AG and Magnum Courb SAS for CAD$126,000,000 payable in shares. Fox Magnum is a group of European electric automotive companies with interests in electric car manufacturing and fuel cell kits.
The TSX Venture Exchange conditionally approved the merger of Redtail Metals Corp. and Northern Tiger Resources Inc. Northern Tiger will change its name to Golden Predator Mining Corp. and consolidate shares on a 7-for-1 basis. The merger is anticipated to close on April 17, 2014.
Australian mining services firm Ausdrill has signed an agreement to acquire all equity in underground hard-rock mining contractor Barminco Holdings for approximately A$271.5m ($197.2m). The deal includes assumption of Barminco's debt and is subject to shareholder approval.
Sungshin Cement signed a share purchase agreement to acquire an 85% stake in Halla Encom Corporation, a ready-mixed concrete manufacturer, for US$49.3 million. The acquisition was made through a consortium with BCH Peregrine Investment.
C.H. Reed, Inc. signed a definitive agreement to sell its Tool and Assembly division to Rhino Assembly Company, an assembly tool solutions provider based in Charlotte, NC. The sale allows C.H. Reed to focus on its Compressed Air Group and Finishing and Fluid Handling Technologies.
Plaintree Systems Inc. signed an agreement to purchase all share capital of Spotton Corporation, a maker of custom hydraulic and pneumatic valves and cylinders in Arnprior, Ontario. The consideration is nominal, and Spotton owes Plaintree CAD 1.7 million.
Thai conglomerate PTT plans to acquire majority ownership of Siam Mitsui PTA and Thai PET Resin for €108 million from Mitsui Chemicals and SCG Chemicals, as part of a strategy to forward integrate its subsidiary PTT Global Chemical.
Stakeholders of Xerium Technologies approved the merger agreement with Andritz AG, under which Xerium will be acquired by Andritz. The transaction is expected to close in Q4 2018, pending remaining regulatory approvals.
U.S. Lumber announced on August 15, 2018 that it will acquire Alexandria Moulding, a Canadian manufacturer and distributor of mouldings. The acquisition is expected to close by early October 2018.
Cabot Microelectronics Corporation has agreed to acquire KMG Chemicals, Inc. in a cash and stock transaction valued at approximately $1.6 billion. The deal combines suppliers of consumable materials to the semiconductor industry.
Pexco, a custom industrial extrusion company, acquired Custom Extrusion Inc. (CEI), a Massachusetts-based profile extruder with plants in Sheffield, MA and Asheboro, NC. Financial terms were not disclosed.
Chinese household appliance pump maker Idear-Hanyu Electrical plans to buy 100% of Thai component maker Seil Controls from three South Korean shareholders for cash, according to a statement on August 15, 2018. Due diligence is to be completed within 45 days, with 80% of the price paid upon completion.
Pfingsten Partners acquired Quality Valve, Inc., a Mobile, Alabama distributor of OEM replacement parts for safety and relief valves, alongside founder Raymond McCaffrey III, who retained equity. The deal closed on July 27, 2018; no value was disclosed.
Toshiba Carrier Corporation established Toshiba Carrier Air-Conditioning India Private Ltd., a joint venture with United Technologies Corporation, in Gurgaon, Haryana, India, to localize commercial air conditioning production.
Diamondback Energy plans to acquire Energen in a deal that continues consolidation in the oil patch.
TAS Environmental Services L.P. acquired Donovan Industrial Service LLC and ROTAP LLC, both Texas-based environmental services companies. Financial terms were not disclosed.
Southwire acquired Garvin Industries, a manufacturer of electrical junction boxes, hangers and fittings, lighting and low-voltage devices. The acquisition adds approximately 30 employees to Southwire.
Consolidated Precision Products Corp. has reached an agreement to acquire Selmet Inc., a manufacturer of titanium castings and machined components for aerospace and defense. The acquisition will expand CPP's offering to include titanium castings.
HVAC Investment Group, the holding company above Maes Industries, has acquired the business of Abati nv from Aartselaar. The acquisition secures the continuity of Abati and the employment of 53 employees.
PTT Global Chemical has agreed to acquire a 74% stake in PTA producer Siam Mitsui PTA and PET producer Thai PET Resin for a total of USD 125 million. The transaction is expected to complete by Q4 2018.
The Carlyle Johnson Machine Company has acquired Regent Controls, Inc., a manufacturer of clutch and brake controls. The acquisition was completed in May 2018, and a new 15,000 sq ft plant in Greenville, Rhode Island was installed by end of June, adding three jobs.
Masan Resources acquired H.C. Starck's 49% stake in Nui Phao-H.C. Starck Tungsten Chemicals Manufacturing LLC, gaining full ownership of the downstream tungsten processing joint venture.