Best Pacific International Holdings (stock code 02111) has completed the acquisition of a 51% equity interest in Trischel Fabric (Private) Limited, making it a non-wholly owned subsidiary. The acquisition was completed on August 1, 2018.
Interpump Group has acquired 100% of Ricci Engineering Srl, a start-up based in Orvieto, Italy, that designs, builds and installs plants for breweries and winemakers.
AOC and Aliancys have officially merged to form a new combined company named 'AOC', creating a leading global supplier of polyester and vinyl ester formulations, gel coats, and other composites materials. The merger follows CVC Capital Partners' acquisition of AOC's parent company, The Alpha Corporation, which completed on August 1, 2018.
Chinese listed company CSG Smart Science & Technology has acquired MAKA Systems, a German developer and producer of CNC special machines for wood, aluminum and plastics processing. The purchase agreement was signed on August 23, 2018, with closing expected by the end of October 2018. The purchase price was not disclosed.
Three end-of-arm tooling companies have merged to form a new company called OnRobot, backed by the Danish Growth Fund and former Universal Robots CEO Enrico Krog Iversen.
Australian packaging company Amcor is reportedly in advanced talks to acquire U.S. rival Bemis, which had a market value of about $4.20 billion; a deal could be announced as soon as the following week.
Green Bay Packaging Inc. acquired Grand Traverse Container, Inc., a packaging company based in Traverse City, Michigan, with an operation in Grand Rapids. The acquisition was effective 2018-07-27 and announced on 2018-08-01.
Private equity firm Lindsay Goldberg acquired packaging maker COVERIS Rigid from Coveris and Sun Capital Partners, and the company will be rebranded as PACCOR. COVERIS Rigid has 18 plants and 3,500 employees in Europe and the USA. The deal was reported on 2018-08-01 and no deal value was disclosed.
Watlow, a thermal systems designer and manufacturer, has acquired Yarbrough Solutions Worldwide of Austin, Texas, a semiconductor equipment solutions provider. Terms were not disclosed.
Process Control Solutions, a process equipment distributor and systems integrator, has acquired Durkin Equipment Co., a St. Louis provider of systems integration and process instrumentation. The acquisition was official on August 18, 2018.
Coesia agreed to acquire 60% of the ceramic business of System S.p.A., to be incorporated into a new company named System Ceramics, with Franco Stefani retaining a 40% stake and remaining Chairman.
Tecalemit Aerospace acquired Daher's ducting activities in France, adding €25 million in revenues and 153 employees. The deal creates a French leader in pressurized aeronautics duct systems.
Resource Label Group, a portfolio company of First Atlantic Capital and TPG Growth, acquired Ingenious Packaging, a Canadian labeling solutions provider. Terms were not disclosed.
DexKo Global Inc. signed an agreement to acquire CBE s.r.l., a European manufacturer of electronic components and wiring harnesses for motorhomes, headquartered in Trento, Italy. Financial terms were not disclosed.
Delta Electronics, Inc. announced a conditional voluntary tender offer through its subsidiary to acquire the remaining 79.07% stake in Delta Electronics (Thailand) PCL for up to approximately US$2.14 billion. The offer is THB 71.0 per share.
Elekta acquired Canadian quality assurance company Acumyn for an undisclosed amount. Acumyn commercializes the Aqua software platform for radiotherapy QA.
TNT Crane & Rigging, based in Houston, Texas, merged with Allison Crane & Rigging, based in Williamsport, Pennsylvania. Financial terms were not disclosed. The merger expands TNT's presence in the Utica, Marcellus and Permian basins.
Bouygues Construction and Colas Rail completed the acquisition of Alpiq Intec AG and Kraftanlagen München GmbH (Alpiq Engineering Services) for an enterprise value of 850 million Swiss francs. The acquired companies employ about 7,650 people and generated sales of approximately 1.7 billion Swiss francs in 2017.
Hiab, part of Cargotec, has agreed to acquire the Effer loader cranes business from CTE Group for an enterprise value of EUR 50 million. Effer is headquartered in Minerbio, Italy.
Kawasaki will spin off its wheel loader division into a new wholly owned subsidiary, and Hitachi will buy a 34% stake before the end of 2009, with an option to buy a controlling share after three years. TCM, already majority owned by Hitachi, will join in a technology-sharing alliance.
Terex agreed to acquire the port equipment businesses of Fantuzzi and Noell for about 175 million euros, after resolving a previous dispute.
Marel hf completed the acquisition of Maja-Maschinenfabrik Hermann Schill GmbH & Co. KG from Reinhard and Joachim Schill. The deal was signed on July 25, 2018 and closed on August 14, 2018.
Digga, the largest Australian manufacturer of gearboxes and construction equipment attachments, acquired Universal Augers, a designer and builder of drilling tools. Universal Augers Australia will be merged into Digga's Brisbane facility, and the Universal brand will be retained.
Unigrains, together with Mecatherm's management, completed the acquisition of bakery equipment maker Mecatherm S.A. from Wendel and other shareholders. The enterprise value was 120 million euros.
Pretium Packaging has acquired Cox Container, a manufacturer of HDPE containers in Alabama, USA, on a 13-acre site. The deal is Pretium's fifth acquisition in four years and raises its manufacturing locations to 17.
Indian air-compressor maker ELGi Equipments completed the 100% acquisition of Sydney-based distributor F.R. Pulford & Son (Pulford Air and Gas) for approximately A$15.05 million, entering the Australian market.
Global Material Holdings Limited became the sole owner of forklift dealership Global Material Handling Ltd via a management buyout. The deal also includes a new exclusive three-year contract with Cesab Material Handling.
Teijin Frontier Co., Ltd. has agreed to acquire J.H. Ziegler GmbH, a German manufacturer of technical nonwovens, for approximately €125 million. The acquisition is expected to be completed in August 2018.
Catelli Food Technology, a multinational packaging machinery manufacturer, has completed the acquisition of a majority stake in CO.Mac, a company specializing in packaging machines for the beverage sector, particularly beer.
Allied Electronics Corporation Limited (Altron) has finalized the sale of its 80% interest in Powertech Transformers to a consortium of SGB-SMIT and Power Matla Group. The effective date is 31 July 2018.
TDK Corporation agreed to acquire all outstanding shares of Toda Kogyo held by ITOCHU, giving TDK a 23.93% stake and making Toda Kogyo an equity method affiliate.
Dana Incorporated has signed a definitive agreement to purchase the Drive Systems segment of Oerlikon Group for CHF 600 million (approximately $600 million). The acquisition is expected to close in late 2018 or Q1 2019.
Plex Systems, a Michigan-based company, has acquired DATTUS Inc., an Indianapolis-based industrial Internet-of-Things company. Financial details were not disclosed.
KHS USA, Inc. acquired Scandia Packaging Machinery Company, a designer and manufacturer of packaging machinery. The acquisition will allow KHS to expand its portfolio to include compact cartoners and secondary packaging machines.
Tata Steel Europe signed an agreement to sell its German aluminum roofing and cladding business Kalzip to German steel construction group Donges SteelTec. The transaction is expected to be completed by the end of September 2018.
Sika has agreed to acquire Polypag, a Swiss-based manufacturer and developer of polyurethane foam systems, with annual sales of CHF 40 million and 120 employees. The acquisition includes Polypag's headquarters and production site in Altstätten, Switzerland, a R&D center in Canton Appenzell, and a production site in Landsberg am Lech, Germany.
Star brite, a subsidiary of Ocean Bio-Chem, has acquired Snappy Marine, a distributor of teak care products for the marine industry. The acquisition expands Star brite's product offerings and market share.
EPIC Systems has partnered with key investors led by Compass Group Equity Partners to create a new corporation, EPIC Systems Group, with John Schott continuing as president.
Wendel granted Aptar Group exclusivity to finalize the sale of CSP Technologies, a specialty protective packaging maker, at an enterprise value of $555 million, about 13 times adjusted EBITDA. Closing is expected in Q4 2018.
Italian cooling group Eurochiller has acquired Essex-based IsoCool Ltd, a supplier of cooling systems for the plastics processing sector. The acquisition will see IsoCool's owner Nigel Hallett become Sales and Marketing Director, with Angus Hall as Managing Director.
Culligan International, a portfolio company of Advent International, has acquired Aqua Vital Group, a German water dispenser supplier, from Halder Beteiligungsberatung GmbH. The purchase price was not disclosed.
Burke Porter Group acquired Galileo TP Process Equipment S.r.l., an Italian company specializing in vacuum, leak detection, and refrigerant charging technology. Terms were not disclosed.
Ag Growth International (AGI) acquired the Sabe Group Companies, a provider of processing solutions for food, pet food, animal feed, fertilizer and biomass industries, based in Chauché, France.
Fitesa has acquired a 51% stake in Thai spunbond nonwovens maker CNC International. The joint venture will be renamed FitesaCNC and marks Fitesa's first presence in the Asian spunmelt market.
Oerlikon divested its tape and monofilament technologies, including the Barmag Spinnzwirn business unit in Chemnitz, to Austrian group Starlinger.
Gardner Aerospace Holdings, the British unit of Shaanxi Ligeance Mineral Resources, completed its purchase of Northern Aerospace for around $58 million after receiving CMA clearance.
Indorama Ventures completed the acquisition of a 66% stake in Israeli nonwoven hygiene fabrics manufacturer Avgol Nonwoven Industries at a company valuation of NIS 1.7 billion.
Siemens Digital Factory plans to take over products from OMAT Ltd., a supplier of software solutions for adaptive spindle feed control, to strengthen its CNC software portfolio for Sinumerik.
Cascades announced the acquisition of the Bear Island manufacturing facility in Virginia from White Birch for US$34.2 million cash. The site's newsprint machine will later be converted to recycled containerboard production.
AptarGroup announced a binding offer to acquire CSP Technologies Parent S.A., a leader in active packaging technology, for an enterprise value of $555 million, alongside its second quarter 2018 results.