Weener Plastics acquired Proenfar, a Latin American packaging company with four plants in Colombia, Argentina and Mexico, under an agreement signed April 23, 2018. The price was not disclosed.
Kimberly, Wisconsin-based Crane Engineering finalized its acquisition of RD Smith Company, a fluid processing equipment distributor in Eau Claire, Wisconsin. The deal extends Crane's distribution into Minnesota and Iowa.
London-based Bunzl plc reportedly acquired Monte Package Company, a 92-year-old packaging supplies manufacturer in Hagar Township, Riverside, Michigan, as disclosed in its first-quarter results. The price was not disclosed.
Fastener Distribution Holdings (FDH), a portfolio company of Audax Private Equity, acquired Blue Sky Industries, a distributor of c-class parts to aerospace and defense MRO and OEM customers. Terms were not disclosed.
Alibaba Group acquired Hangzhou C-SKY Microsystems, a Chinese supplier of embedded CPU cores, to boost its cloud-based IoT business. Alibaba increased its stake to 100%.
Tenowo GmbH, a subsidiary of Hoftex Group AG, will sell its 49% stake in Supreme Nonwoven Industries Pvt. Ltd. to its Indian co-shareholders. The transaction is expected to complete within 24 months.
Polymer Solutions has acquired Phoenix Chemical. The deal was announced on April 20, 2018.
Pacific Avenue Capital Partners, a Los Angeles-based private investment firm, has acquired Guardian Building Products (GBP). The acquisition was confirmed by company representatives.
Kohlberg and Company LLC signed an agreement to acquire Cadence, a provider of precision components and finished devices for surgical and industrial applications, for an undisclosed sum.
Flexan LLC completed the acquisition of IntroMed LLC, a contract manufacturer of patented sheath introducers, for an undisclosed sum.
Air Liquide SA acquired EOVE, a French designer and manufacturer of ventilators for home-based patients with chronic respiratory failure.
Elmer's Mfg has reached an agreement to acquire 100% of Dynamic Ditchers Inc., makers of the Wolverine Extreme Rotary Ditcher. Production will move to Elmer's facility in Altona, Manitoba. The deal is set to close on June 1st.
Emerson announced it has signed an agreement to purchase the Tools and Test Equipment business of Textron for $810 million. The business includes brands Greenlee and Klauke and will be joined with Emerson's Ridge Tool Company.
Mersen finalized the acquisition of Idealec, a designer and manufacturer of laminated bus bars based in Pontarlier, France and Shanghai, China, to reinforce its position in the electrical power market.
NTPC Ltd. has decided to exit its 50:50 joint venture NTPC-BHEL Power Projects Pvt. Ltd. with Bharat Heavy Electricals Ltd. (BHEL), wanting BHEL to buy its equity stake. The JV was set up in 2007 for manufacturing power equipment.
Trackunit A/S acquired UK-based telematics provider Satrak UK Ltd, making Trackunit the leading machine telematics provider in the UK and strengthening its European position.
Metalcorp Group submitted a bid for the acquisition of a steel-producing company, whose product group is already traded by Metalcorp, to strengthen its steel sector activities.
Tooling Tech Group announced the acquisition of Century Tool Group, which includes Century Tool & Gage and CTG Bel-Kur Automation, expanding its position in automotive and heavy-truck tooling.
Danish API Maintenance Systems A/S acquired Swedish Axxos Industrisystem AB one and a half years prior, and the combined company now rebrands as OPTIWARE, offering API PRO and AXXOS OEE software lines.
Weir Group agreed to acquire US surface mining parts maker ESCO Corporation in a cash and share deal valued at US$1,285 million, announced on 19 April 2018. The transaction is expected to complete early in Q3 2018.
Premium AEROTEC, an aerostructures supplier, acquired APWORKS, a metal 3D printing company previously a subsidiary of Airbus, to combine additive manufacturing expertise for aerospace clients.
Fenix Parts, a recycler and reseller of OEM automotive products, was acquired by a group of auto industry veterans in partnership with Stellex Capital Management. Financial terms were not disclosed.
Wolong Holding Group announced the acquisition of companies from General Electric's Power Conversion Division, including entities in the US, Mexico, and India that manufacture small industrial motors.
Melrose Industries announced that its offer for GKN had received acceptances representing 84.97% of voting rights, and all conditions except admission were satisfied, with the offer expected to become unconditional on 19 April 2018.
France's Imerys is selling its roof tiles business, expected to be valued at around €1 billion, with private equity firms Cinven, Lone Star, and Carlyle bidding. Final round bids are due in about three weeks.
TTM Technologies acquired Anaren, a provider of RF products for defense and commercial communications, for $775 million. The deal expands TTM's capabilities in RF design and is expected to be immediately accretive to non-GAAP earnings.
Dorner Holding Company, parent of Dorner Mfg. Corp., FlexMove and Geppert-Band GmbH, is merging the three entities into one consolidated brand: Dorner. The combined company has over 400 employees and manufacturing facilities in Germany, Malaysia and Mexico.
Spectris plc announced that its subsidiaries Brüel & Kjær Sound & Vibration and Hottinger Baldwin Messtechnik will merge effective January 1, 2019, forming a new company called HBK.
AST Kunststoffverarbeitung took a majority stake in EuroMouldings Packaging in Nijverdal, Netherlands, adding compact plastic bottles to its range; AST plans about 30 million euros of investments in 2018.
Bain Capital Private Equity finalised its acquisition of Italy's Fedrigoni group, valued at slightly above 600 million euros, after EU clearance in February 2018; a Fedrigoni family member keeps a 10% stake.
Canadian company JV Driver, through its subsidiary DF Barnes, acquired BiFab, a Scottish engineering firm with yards in Methil, Burntisland, and Arnish. The deal, brokered by the Scottish government, saves hundreds of jobs. The Scottish government remains a minority shareholder.
Forankra France, part of Axel Johnson International's Transport Solutions business group, acquired the Dock Equipment product range from Pommier SA through an asset acquisition on 1 April 2018. The range includes the patented Butdock product.
Breedon Group agreed to acquire most of Lagan Group's assets, including Whitemountain, Lagan Cement, Lagan Brick, Lagan Asphalt and Welsh Slate, for £455 million on a cash and debt free basis. Lagan Homes is not included.
Vantage Specialty Chemicals, a portfolio company of H.I.G. Capital, has acquired B&B Tritech, a manufacturer of surface treatment solutions for defense and commercial aviation markets. The acquisition closed on April 17, 2018.
Waste Management, Inc. acquired EnviroSolutions, Inc. from PennantPark Investment Corporation, Ascribe Capital, LLC and Guggenheim Partners Investment Management LLC on April 17, 2018.
Nasdaq Stockholm-listed Indutrade has taken over Germany-based tool manufacturer Inovatools. Inovatools generates about €43 million in turnover and has over 250 employees.
SiliconGo Microelectronics and Auspitek merged to establish YEESTOR Microelectronics, which received a Series A financing of CNY 300 million from investors including GigaDevice's strategic partners.
Robinson Metal, Inc. has acquired Product Handling Concepts (PHC), a custom engineering company specializing in automated solutions for tissue, food and beverage, pharmaceuticals and consumer goods. PHC becomes the fifth division of Robinson Metal.
GenNx360 Capital Partners acquired GenServe Inc., the largest independent provider of power generator maintenance and sales in the North Atlantic region, effective April 12, 2018. Financial terms were not disclosed.
ORS Labs, parent of Oneida Research Services, acquired Silicon Cert Laboratories, a testing lab in Reading, Pennsylvania, serving telecom, defense, automotive, aerospace and medical-device industries.
Private equity firm H.I.G. Capital acquired pigment supplier Lansco Colors and will combine it with Dominion Colour, a pigment maker it bought in 2016. The merger creates a provider of high-performance pigments and dispersions to coatings, plastics, and inks industries.
Linde AG said its proposed merger with Praxair Inc was awaiting regulatory clearances in several countries, with 10 of 24 approached authorities having cleared it so far, and India's CCI review still pending.
Stiebel Eltron Group and Danfoss finalized an agreement for Stiebel Eltron to acquire Danfoss Värmepumpar AB (Thermia), with activities in Sweden, Finland and Norway. Thermia has annual turnover of about 650 million SEK and 210 employees.
Elmer's Manufacturing has agreed to acquire 100% of Dynamic Ditchers Inc., manufacturer of the Wolverine Extreme Rotary Ditcher, with the deal closing June 1, 2018.
Essendant Inc. will merge with Genuine Parts Company's S.P. Richards business in a deal valuing S.P. Richards at $680 million and Essendant at $347 million. Genuine Parts shareholders will own 51% of the combined company, which will be named Essendant.
Power Grid Components, Inc., formed by Shorehill Capital and Rick McClure, completed the acquisition of Instrument Transformer Equipment Corporation (ITEC), a manufacturer of dry molded and oil-filled instrument transformers based in Monroe, North Carolina.
Sunroc Corporation announced the acquisition of Arrowhead Concrete in Rock Springs, Wyoming. No financial details were disclosed.
Van Leeuwen Pipe and Tube Group has acquired Ferrostaal Piping Supply, a German-Dutch pipe and tube trading company, effective May 1, 2018. Ferrostaal Piping Supply has annual turnover over €50 million and about 40 employees.
Hyundai Heavy Industries will sell 100 shares of its Alabama-based subsidiary Hyundai Power Transformer to affiliate Hyundai Electric & Energy Systems for 30.9 billion won (approx. $29 million) on April 16, 2018, to transfer the business.
VR Equitypartner GmbH and HOR Technologie GmbH have acquired Pichler & Strobl GmbH, a manufacturer of high-tech components for aerospace, medical technology, semiconductor industry, car and motorcycle racing, and alternative energies.