Barnhart reached a definitive agreement to purchase Strate Line, a crane service based in Coeur d'Alene, Idaho, to expand its services in the Northwestern US.
Danfoss acquired additional shares in Finnish IoT building-energy firm Leanheat, bringing its total ownership to 46 per cent from 23 per cent acquired in 2016. The deal strengthens its building energy optimization offering.
Belcan, a global supplier of engineering and supply chain services, acquired Allegiant International, a professional services network with over 750 professionals. The transaction closed on June 13, 2018.
HQ Equita signed an agreement to acquire a majority stake in the Steindl Group, which includes packaging machine manufacturers FAWEMA and HDG. The companies will operate as The Packaging Group.
Toray Industries has agreed to acquire TenCate Advanced Composites from Koninklijke Ten Cate for €930 million ($1.1 billion). The deal is expected to close in the second half of 2018.
IDE Technologies acquired the remaining 49 percent holdings in the Sorek desalination plant from Hutchison Water for NIS195 million (US$54.3 million), becoming the sole owner.
Private-equity-backed Amteck has agreed to buy CMI, according to a PE Hub report dated 13 June 2018. The article text provides no further details on deal value or location.
Andlinger & Company announced the planned sale of SUSPA GmbH, a manufacturer of gas springs and dampers, to the private investment arm of Belgian entrepreneur Pascal Vanhalst. The transaction is subject to antitrust approval expected by end of June 2018.
Končar Elektroindustrija and China XD Electric Co have signed a 50-50 joint venture agreement to produce high-voltage gas-insulated switchgear in Zagreb, Croatia. The investment is estimated at HRK 120 million, with first products expected in 2020.
Tawana Resources' proposed merger with Alliance Mineral Assets, valued at $446 million, received a 'no objection' response from the Australian Treasurer, satisfying a FIRB condition. The merger will create a new company with 50-50 ownership, dual-listed on ASX and SGX.
China National Building Material Company (CNBM) announced that its indirect subsidiaries Zhejiang South Cement and Jinhua South Cement will transfer their equity in 25 indirect subsidiaries (24 concrete companies and one mining company) in Zhejiang province to Sanshi South, a 90%-owned subsidiary, for CNY 1.316 billion.
MICRODYN-NADIR purchased OLTREMARE S.p.A. in Fano, Italy, to expand its reverse osmosis product line in the water industry.
Logson Group, the UK's largest independent corrugated packaging supplier, acquired the Cardboard Box Company, an independent sheet plant in Accrington, Lancashire, with turnover above GBP 17 million and 90 employees. The deal value was not disclosed.
Private equity funds managed by L Catterton and Ambienta sgr will take control of Pibiplast, a cosmetics and personal care plastic packaging maker based in Correggio, Italy. The Bosi family will retain a minority stake. The deal value was not disclosed.
A unit of Chinese state-run conglomerate CITIC Ltd will buy a near 20% stake in Canada's Ivanhoe Mines for about $723 million (US$555 million). CITIC Metal will own 19.9% of Ivanhoe Mines' outstanding common shares, becoming its largest single shareholder.
Zeus Industrial Products, a polymer extrusion manufacturer, has acquired MWC Technologies, a manufacturer of medical device components based in Chattanooga, TN. The acquisition expands Zeus's capabilities and product portfolio.
SGS, the world's leading inspection and testing company, acquired Polymer Solutions Incorporated, a polymer testing lab based in Christiansburg, Virginia. The company will operate as SGS – Polymer Solutions Incorporated.
Infinite Electronics International acquired Integrated Network Cable (INC), a distributor of cables and connectivity products based in Chesterfield, Missouri. INC will operate as a stand-alone business unit.
Gebr. Knauf KG will acquire all outstanding shares of USG Corporation in a transaction valued at approximately $7.0 billion. USG shareholders will receive $44.00 per share ($43.50 cash plus $0.50 special dividend). The combined company will be a global building materials leader. USG's headquarters will remain in Chicago.
Modine Manufacturing Company signed an agreement to sell its South African subsidiary AIAC Air Conditioning South Africa (Pty) Ltd to the existing management team led by Andrew Koeslag. The business, based in Johannesburg, manufactures precision air conditioning systems and had FY2017 sales of just under $3 million.
The KraussMaffei Group acquired a stake in GINDUMAC GmbH, a digital used machinery trading platform, to expand its digital product range and enable integrated sales of new and used plastics processing machinery.
SAMSON Aktiengesellschaft acquired Israeli start-up Visual Process Ltd, adding the predictive monitoring tool SAM GUARD to its SAM DIGITAL portfolio; the transaction value is confidential.
Private equity firm Arsenal Capital has acquired two adhesives makers, Adhesives Technology and Epoxy Technology, to form the Meridian Adhesives Group, announced June 10, 2018.
Hempel purchased 65% of J.W. Ostendorf, a German paint manufacturer specializing in architectural coatings.
Acelity, a San Antonio-based wound care company, acquired Crawford Healthcare, a UK-based advanced wound care and dermatology company, for an undisclosed amount. The deal includes Crawford's R&D and manufacturing operations in Cheshire, UK.
Design-build firm Gray Construction has acquired InLine Engineers, an engineering and design solutions firm for the food and beverage industry.
Grace Engineered Products has acquired Civionics, the creators of Percēv IIoT predictive sensing technology.
BRC Global Standards has acquired the Allergen Control Group, Inc., owner and operator of the Gluten-Free Certification Program.
Coffee Holding Co., Inc. has acquired all of the assets of Steep N Brew Coffee Company through its joint venture Generations Coffee Company LLC in Ohio.
Oberto Brands is being acquired by Premium Brands Holdings for about $188 million.
Highlander Partners has acquired the intellectual property, trademarks and associated licensing agreements for 10 chocolate and sugar confectionery brands from Huhtamäki Oyj. Brands include Jolly Rancher, Payday, Whoppers, Heath, Milk Duds, Sixlets, Good & Plenty, Zero, Chuckles and Good & Fruity.
Airbus SE, Bombardier Inc. and Investissement Québec have agreed to close the C Series transaction effective July 1, 2018, with Airbus acquiring a majority stake in the C Series Aircraft Limited Partnership. All regulatory approvals have been obtained.
iwis holding company (Joh. Winklhofer Beteiligungs GmbH & Co. KG) has acquired the Unimet Group, comprising Unimet GmbH, Leukert GmbH and Unimet Pty, with antitrust approval. The group specializes in high-precision sheet metal stamping and bending.
Idea Corporate Credit Recovery II fund, managed by Dea Capital Alternative Funds, will take control of Canepa, a Como-based textile maker. The fund will acquire a majority stake, while the Canepa-Saibene family retains a 33% stake.
DePuy Synthes, part of Johnson & Johnson Medical Devices, has signed a definitive agreement to acquire the assets of Medical Enterprises Distribution LLC, including the ME1000 Surgical Impactor tool used in hip replacement surgery. Financial terms were not disclosed.
Trilantic North America has acquired a majority interest in Sunbelt Transformer from Grey Mountain Partners. Sunbelt provides new and remanufactured electrical power and distribution equipment.
JR Automation, a provider of intelligent automated manufacturing solutions, acquired Esys Automation, a full-service automation solutions provider based in Auburn Hills, Michigan.
Gardner Aerospace Holdings, a wholly-owned UK unit of Shaanxi Ligeance Mineral Resources, plans to acquire a 100% stake in Northern Aerospace for GBP44 million (USD59 million). The deal is subject to conditions and approvals.
Siegwerk has acquired Ultra I, a company in the printing ink industry. Details of the acquisition were not provided in the snippet.
Wuling Motors' non-wholly owned subsidiary Wuling Industry entered into an agreement to sell a second batch of assets used for automotive seat production and operation to Faurecia Automotive Seats Joint Venture for CNY 11.3148 million.
Alliance Automotive Group, a wholly-owned subsidiary of Genuine Parts Company, has entered into a definitive agreement to acquire Hennig Fahrzeugteile Group, a German supplier of light and commercial vehicle parts with 31 branches. The transaction is expected to close by August 1, 2018, and the acquired business is expected to generate annual revenues of approximately $190 million.
Eurocoating SpA, the medical division of Unitedcoatings Group, acquired the Italian manufacturing division of CoorsTek Medical, Nanosurfaces Industries Srl, to gain additional high-tech manufacturing capabilities and advanced surface treatments for orthopedic and dental OEMs.
Aisin Seiki paid PHP1.2 billion (US$23 million) to increase its stake in Toyota AutoParts Philippines from 34% to 61%, renaming it Toyota Aisin Philippines. The plant in Laguna produces manual gearboxes and constant velocity joints.
UMATEX (part of Rosatom) signed a share purchase agreement with RUSNANO to acquire 100% of Prepreg-SKM, a Russian carbon fiber fabric and prepreg producer. The deal will close in October 2018, with operational control transferred on June 4, 2018.
Johnson & Johnson received a binding offer from Fortive Corporation to acquire its Advanced Sterilization Products (ASP) business for approximately $2.8 billion. The transaction is expected to close by early 2019.
Accruent announced a definitive agreement to acquire Maintenance Connection, a leading Computerised Maintenance Management System (CMMS) provider. The acquisition accelerates Accruent's efforts to help customers gain insight and make data-driven decisions for multi-site facility management.
Three end-of-arm tooling companies—US-based Perception Robotics, Hungary-based OptoForce, and Denmark-based On Robot—merged to form OnRobot, headquartered in Denmark. The new company aims to become a world leader in robotic end-of-arm tooling.
Ohio Transmission Corporation has bought Crimson Electric, an electrical apparatus service center in Duncan that repairs and tests AC/DC motors, servo motors, pumps and gear reducers, and will operate as a division of OTP Industrial Solutions.
LIVIA Corporate Development agreed to acquire Smurfit Kappa's Baden board and packaging facility in Gernsbach, Germany, which has 298 employees and a mill producing 152,000 tons of recycled carton board a year.
Dürr is acquiring 100% of three Babcock & Wilcox subsidiaries (MEGTEC and Universal segments) for an enterprise value of about EUR 110 million, with closing expected in Q3 2018.