Capvis sells its majority stake in LISTA Group, a European manufacturer of workspace equipment and storage systems, to Chinese GreatStar Group. The transaction is subject to regulatory approvals.
PolyOne Corporation has acquired PlastiComp, an advanced engineered materials innovator and producer of specialty composites. PlastiComp's 50 employees and its facility in Winona, Minnesota join PolyOne's Specialty Engineered Materials segment.
Toshiba completed the sale of its semiconductor memory subsidiary Toshiba Memory to a consortium led by Bain Capital, with Japanese entities including Toshiba and HOYA retaining 50.1% voting rights. The deal was announced in 2017 and closed on June 1, 2018.
As of May 28, 2018, Airborne Services in Woensdrecht, Netherlands, became part of SPECTO Aerospace. Marco Brinkman takes a share and continues as Managing Director. The combined company is an independent composite MRO provider.
Dauenhauer Plumbing, a portfolio company of Trivest Partners, acquired Fayette Heating & Air, a provider of HVAC and plumbing services in Lexington, KY. The acquisition was announced on June 1, 2018.
Generac Holdings Inc., through its Mexican subsidiary Ottomotres S.A. de C.V., acquired 100% of the shares of Selmec Equipos Industriales, a manufacturer and designer of power plants up to 2,750 kW. The transaction closed in June 2018.
Nissha Co., Ltd. acquired Sequel Special Products, LLC, a medical device contract manufacturer, and its affiliate RSS Design, LLC, through its subsidiary Graphic Controls Group. The share acquisition was completed on June 25, 2018.
Cabot Corp finalized the acquisition of Canadian black masterbatch producer Tech Blend and completed a new production line at its Pepinster, Belgium facility, increasing capacity for black masterbatches and conductive compounds.
Fortum closed its voluntary public takeover offer for Uniper SE, acquiring 47.12% of shares for EUR 3.7 billion, becoming the largest shareholder.
As of June 1, 2018, MAIER Packaging GmbH will become a fully-owned subsidiary of OPTIMA packaging group GmbH. MAIER Packaging, based in Grassau, Bavaria, specializes in packaging lines for the dairy industry and has 44 employees.
Optilan Group, a UK-based telecom and security system integrator, acquired UAE-based automation and electrical systems integrator Telinstra FZCO to expand its services in the Middle East and India.
UnitySC, a Fogale Nanotech subsidiary, acquired 100% of the shares in German optical inspection systems expert HSEB Dresden GmbH, expanding its process control solutions for semiconductor manufacturers.
Andritz signed a contract to acquire Novimpianti Drying Technology Srl, a global supplier of engineered equipment and services for the paper industry, from Novigroup Srl.
Hyster-Yale Materials Handling, Inc. completed its acquisition of 75% of the outstanding shares of Zhejiang Maximal Forklift Co., Ltd. for $90 million, renaming it Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd.
Bosch is reportedly looking for a buyer for the food units of its packaging technology division. The report is unconfirmed and the article suggests a sale is likely.
BORSIG has taken over the product business of artec Armaturen und Industrieservice GmbH, adding ball valves and steam coolers to its valves business. The deal takes immediate effect.
Italian pump maker Annovi Reverberi Group announced on June 15, 2018 that it acquired a 95% stake in Ace Pump Corp., a Memphis, Tennessee manufacturer of agricultural and off-highway pumps. CEO Andy Randle keeps the remaining 5%.
Rengo's Hong Kong subsidiary Tri-Wall Limited acquired an 80% membership interest in Aldez Containers, LLC, a heavy duty packaging manufacturer headquartered in Michigan, through a wholly owned subsidiary. The deal was announced on 1 June 2018.
Bucher Hydraulics agreed to acquire an 80% stake in Wuxi Deli Fluid Technology, a Chinese hydraulic pump and compact power unit maker, forming a joint venture in Wuxi, Jiangsu. The deal is subject to Chinese government approval.
John Crane closed its acquisition of Seebach, according to a report published on 2018-06-01. No deal value or location was given.
Mondi completed its acquisition of 100% of Powerflute Group Holdings Oy, a division of Nordic Packaging and Container Holdings, for EUR 365 million on an enterprise value basis. The Kuopio mill produces 285,000 tonnes of semi-chemical fluting annually.
DNV GL acquired the remaining 50% stake in DNV GL Nemko Presafe (Presafe), a joint venture with Nemko, making it a wholly owned subsidiary. The deal reinforces DNV GL's certification business for medical devices and hazardous area equipment.
Bradshaw Medical, a surgical instrument manufacturer based in Kenosha, Wisconsin, has been acquired by In'Tech Medical Manufacturing Solutions, a contract manufacturer of orthopedic surgical instruments founded in France.
Evac, a provider of waste and water management systems, is to acquire Cathelco, a manufacturer of marine and offshore equipment including ballast water treatment systems. Cathelco's sales turnover was EUR 31 million in 2016/2017.
Michelin has completed the acquisition of Fenner PLC, a world leader in reinforced polymer technology, for approximately £1.3 billion. The deal was approved by Fenner shareholders on May 16, 2018, and sanctioned by the court on May 25, 2018, becoming effective on May 31, 2018.
Westwater Resources completed its acquisition of Alabama Graphite Corp., including mineral rights in the Coosa graphite project, to operate in lithium, graphite, and uranium markets. The company plans to begin producing advanced battery materials on a pilot scale during 2019.
Unimin Corporation completed the acquisition of Fairmount Santrol Holdings Inc., with Fairmount shareholders receiving $170 million in cash and 35% of the combined company, while Sibelco owns the remaining 65%.
Scott Technology Ltd reached a conditional agreement to purchase the business assets and intellectual property of Transbotics Corporation, a US-based AGV manufacturer in Charlotte, North Carolina, adding 30 employees.
KUK Group AG took over the shares of Wijdeven from Phoenix Mecano AG, effective May 31, 2018. The acquisition aims to leverage KUK's expertise in serial production of coils and transformers for Wijdeven's operations in the Netherlands.
Dongfeng Parts and Components Group and Fawer Automotive Parts agreed on 31 May 2018 in Wuhan to set up Dongfeng Fawer Pump Industry, a joint venture in Shiyan New Industrial Park, Hubei, to make pumps for commercial, passenger and electric vehicles. The venture targets RMB 260 million revenue by 2023.
Finnish packaging firm Huhtamaki acquired a 70% stake in Ennis-based paper cup maker CupPrint for EUR 22 million on a debt-free basis. The deal was reported on May 31, 2018.
Kurita Water Technologies Ltd. made a strategic investment of US$37 million to acquire 50.1% equity in Fracta, Inc., a U.S.-based AI software company for the water sector.
Espoon Nosturikeskus Oy Pohjanväre sold its vehicle crane business to Sjöman Helsingin Nosturit Oy on May 30, 2018, while Sjöman sold its aerial work platforms to Pohjanväre, to eliminate competition and develop cooperation.
Siemens received authorization from the French Ministry for Economy and Finance and an exemption from the AMF for its proposed combination of its mobility business with Alstom. Alstom's board approved convening a special shareholders' meeting for July 17.
William Demant Invest (WDI) acquired a majority shareholding in Vision RT, a supplier of Surface Guided Radiation Therapy (SGRT) systems. Vision RT's founders remain as shareholders.
Climater acquired Groupe EFM, comprising EFM-airprocess and Christin Electricité, and Sedicam, a maintenance specialist, doubling its size in the Rhône-Alpes region and reaching over EUR 150 million in revenue.
Technology group Oerlikon is selling its tape and monofilament technologies, known under the brand name Barmag Spinnzwirn, to the Starlinger Group.
Construction Supply Group, a portfolio company of The Sterling Group, acquired Williams Equipment & Supply, a regional distributor with 12 branches in the Mid-South U.S., and Richform Construction Supply, a single-branch operator in Vancouver.
Indorama Ventures completed the acquisition of the integrated PTA/PET complex of insolvent M&G Polimeros Brasil.
Unibloc-Pump Inc. of Marietta, Georgia has acquired German manufacturer R&H GmbH, creating a combined European market leader in road tanker pumps. The deal was announced on May 30, 2018.
Volm Companies, Inc. acquired Atech, Inc., a facility in Monte Vista, Colorado, including a 7,200-square-foot warehouse.
Synalloy Corporation's subsidiary Bristol Metals agreed to purchase Marcegaglia USA's real estate property in Munhall, Pennsylvania for $10.0 million.
BMC Enterprises Inc. of St. Louis, through its Eastern Missouri Concrete affiliate, acquired Mark Twain Redi Mix, a Hannibal-based concrete supplier with four plants and 50 mixer trucks. The acquisition expands BMC's footprint in northeast Missouri.
Golder, a global engineering and consulting company, has acquired Pastor, Behling & Wheeler (PBW), a Texas-based environmental engineering and consulting firm with five offices in Texas.
HTS New England announced plans to merge operations with Control Technologies, Inc. to provide integrated HVAC equipment and controls in New England. The combined entity will be the largest independent HVAC solutions provider in the region.
Pinova Capital has acquired Heinrich Sauter Fabrik technischer Federn GmbH (Sauter Federn), a German manufacturer of custom mechanical springs. The three Sauter brothers, descendants of the founder, retain a significant stake and will continue as managing directors.
Versatex Holdings, a manufacturer of cellular PVC building products, has entered into a definitive agreement to be acquired by The AZEK Company. Versatex's management will remain and operations will continue in Aliquippa, PA.
Harsco Corporation acquired ALTEK Group, a UK-based manufacturer of products for aluminum producers and recyclers, for a purchase price of £45 million (approximately $60 million) on a debt and cash free basis, plus additional contingent consideration.
GFG Alliance, through its Liberty Engineering unit, won a court ruling to acquire AR Industries, the last remaining French manufacturer of aluminium wheels, saving around 350 jobs. The plant in Châteauroux has capacity to make two million alloy wheels a year.
Privet Fund Management LLC completed the purchase of machine-tool manufacturer Hardinge Inc. for about $245 million. Hardinge's headquarters will move from Elmira, New York to Berwyn, Pennsylvania.