TETRA Technologies, Inc. has signed an agreement to acquire all equity interests in SwiftWater Energy Services, LLC, a water management company serving oil and gas operators in the Permian Basin. SwiftWater's adjusted EBITDA is expected to be $16-20 million for the 12 months post-closing.
EKKI Group of India and Germany's Homa Pumpenfabrik GmbH signed a definitive agreement to create an equal joint venture for wastewater pumps, headquartered in Coimbatore, India. Homa plans to invest ₹150 crore globally, with a significant portion for the JV.
Dayton, Ohio fluid power distributor Scott Industrial Systems announced its acquisition of Sun Coast Hydraulic Electric Manufacturing, a maker of custom industrial control panels and hydraulic power units founded in 1993.
Alpha Precision Group acquired Mercury Manufacturing Company, headquartered in Wyandotte, Michigan, to enhance its presence in emission control and variable valve timing segments. MMC will be rebranded as APG – Specialty Valve and Machined Products.
Italian textile finishing company Imprima, owned by Wise SGR, completed the acquisitions of City Prints (New York) and Premier Fabrics (Los Angeles), both founded in 1997 and specializing in textile printing for fashion brands.
Spectrum Plastics, backed by private equity, acquired Apex Resource Technologies. No financial details disclosed.
Generac Holdings signed an agreement to acquire Selmec Equipos Industriales, a Mexican industrial generator manufacturer, from Enesa Energia. The transaction is expected to close in 3-6 months.
Kaneka Corporation, via its subsidiary Kaneka Aerospace (KAE), acquired the commercial rights, technologies and patents to Henkel's benzoxazine-based high performance composites business.
On February 13, 2018, Zodiac Aerospace joined Safran, forming the world's third-largest aerospace company (excluding aircraft manufacturers). The combined group offers a broad range of aircraft systems and equipment.
Hardinge Inc., a manufacturer of metal-cutting solutions, has agreed to be acquired by an affiliate of Privet Fund Management LLC for $18.50 per share, with a total transaction value of approximately $245 million. The deal is expected to close by the end of Q2 2018.
Germany's Homa Pumpenfabrik and India's Ekki Group signed a 50:50 joint venture to make waste water pumps, with a plant planned in Coimbatore expected to be commissioned in about a year. Homa's Indian sales arm will merge into the venture.
Welch Packaging Group of Elkhart, Indiana completed its acquisition of Cooper Container II, a corrugated sheet plant near Nashville, Tennessee, strengthening its Midwest footprint. Terms were not disclosed.
National Container Group, the reconditioning division of Mauser, acquired a 51% stake in Noreko AS effective February 1, 2018, forming a joint venture that extends its reconditioning business into Scandinavia.
Plaskolite, LLC announced it is acquiring Lucite International, Inc.'s continuous cast acrylic sheet business, including a 93,375 square foot manufacturing facility in Memphis, Tennessee. The closing is expected by the end of Q1 2018.
Finnvacum Sverige AB took over the operations and sales of Sundsvall-based Lars Norin AB in mid-November to increase its presence and customer service to the Swedish food industry. Finnvacum supplies packaging machines, packaging materials, and service.
Sintokogio, Ltd. has acquired a majority share in Omega Foundry Machinery Ltd., a UK-based manufacturer of no-bake foundry equipment. The acquired company will be renamed Omega-Sinto Foundry Machinery Ltd.
Elbit Vision Systems Ltd. (EVS), a producer of machine vision inspection systems for textiles, has agreed to be acquired by Switzerland-based Uster Technologies AG for approximately $32 million enterprise value. The transaction is expected to close in Q2 2018.
LineStar Integrity Services LLC, a portfolio company of First Reserve, has completed the acquisition of NuGen Automation LLC, an oil and gas technology provider offering SCADA, IT, leak detection, and regulatory compliance services. Financial details were not disclosed.
Guangzhou KDT Machinery Co. will buy 75 percent of Masterwood S.p.A., an Italian CNC woodworking machinery company, for EUR16 million (USD20 million) through its Hong Kong unit.
Swedish business Duni bought Worcestershire-based disposable food and beverage packaging firm Biopac for an undisclosed fee, reported on 12 February 2018.
Golden West Packaging Group, a holding company backed by Lindsay Goldberg, acquired City of Industry packaging producer Fleetwood-Fibre Packaging & Graphics; terms were not disclosed. The deal was announced February 12, 2018.
Qingling Motors Co Ltd announced that Qingling Isuzu (Chongqing) Engine Co will absorb and merge with Isuzu Qingling (Chongqing) Autoparts Co. The proposal was approved on October 2, 2018 (article date is 2018-02-10 but Reuters date is Oct 2).
Trane, a brand of Ingersoll Rand, purchased Calmac Corp., a manufacturer of ice storage tanks for commercial building cooling. Terms were not disclosed. The acquisition was announced on February 10, 2018.
Kiely Family of Companies, a utility construction firm, acquired Barton Construction Corporation, a water resources company, on February 9, 2018. The deal enhances Kiely's water resources division.
Alleghany Capital Corporation acquired Hirschfeld Industries, a steel fabrication and construction company based in San Angelo, Texas. The acquisition combines Hirschfeld with Alleghany's existing steel fabrication company, WWSC Holdings in Oklahoma City.
Confluent Medical Technologies, a medical device contract manufacturer, has completed the acquisition of Corpus Medical, a specialist in advanced catheter design and development. The combined company will operate as Confluent Medical Technologies.
Allergan plc agreed to acquire Elastagen Pty Ltd, a clinical-stage company developing medical device products based on recombinant tropoelastin, for an upfront payment of US$95 million plus contingent payments.
MacGregor, part of Cargotec, entered an agreement to acquire the major businesses of TTS Group, a global provider of cargo handling equipment and services for merchant and offshore vessels.
Alaska Native regional corporation Koniag Inc. acquired Glacier Services Inc., an oil field automation services firm.
Fluid Flow Products agreed to acquire Accutech Instrumentation, a Florida-based distributor of instrumentation and process control components founded in 1988. The announcement was dated February 9, 2018.
ZF Friedrichshafen plans to form a joint venture with Chinese forklift manufacturer Anhui Heli, with ZF holding 51% and contributing its forklift products from Hangzhou, while Heli contributes part of its transmission and axle production.
Foley Inc., a Caterpillar dealer based in New Jersey, has acquired fellow Caterpillar dealer Giles & Ransome, headquartered in Pennsylvania. The acquisition expands Foley's territory from northern New Jersey to the Delaware Valley, southern New Jersey and northern Delaware.
Brand & Oppenheimer Co. acquired the assets of General Fabrics Co., a wholesale designer and distributor of printed textiles. Terms were not disclosed.
CopaSAT LLC has acquired Eclipse Composite Engineering, a designer and manufacturer of military-grade SATCOM antenna components. Eclipse will maintain its name and 17,000 sq ft manufacturing facility in Bluffdale, Utah.
Sekers Fabrics Ltd and Wemyss Weavecraft Ltd, two furnishing fabric wholesalers, have undergone a management buyout by their managing directors Ian Tatnell and Ian Worf, forming the new company Worell Ltd. Funding was provided by The Royal Bank of Scotland and previous owners.
Tianjin Lovol Heavy Industry Group Co., Ltd. and Doosan Infracore Co., Ltd. have filed for approval of a new joint venture. The public comment period runs from February 8 to February 17, 2018.
Israel-based private equity firm FIMI Opportunity Funds is acquiring defense electronics company Aitech Rugged Group Inc. for $30 million. Part of the sum will be used to buy Aitech from its current owners, a group of Netherlands-based investors, and the rest will be infused into the company to promote operational growth.
ST Engineering's aerospace arm, ST Aerospace, has signed an agreement to divest a 5% equity stake in STA Guangzhou to Japan Airlines for US$7 million, making JAL a strategic partner in the MRO joint venture.
MacGregor, part of Cargotec, has entered into an agreement to acquire the major businesses of TTS Group, a global provider of cargo handling equipment for merchant and offshore ships, for an enterprise value of EUR 87 million.
SeaFort Capital has made a major investment in Mecfor, acquiring the Quebec-based heavy equipment manufacturer from Groupe Ceger. The transaction consolidates over 85 jobs at Mecfor's factory and headquarters in Chicoutimi.
Fanuc has acquired Life Robotics, a robot maker specializing in collaborative robots (cobots). The acquisition cost was not disclosed.
M&Q Holdings, through subsidiary M&Q Acquisition, acquired US food packaging company Flavorseal, which will operate as a division in Ohio.
Halliburton signed a definitive agreement to sell its Dresser Equipment Group, a maker of valves, instruments and industrial equipment, to an investor group led by First Reserve and Odyssey Investment Partners for $1.55 billion in cash and assumed liabilities. Halliburton will keep a five percent equity stake.
Brazil's antitrust authority CADE approved ArcelorMittal Brasil's acquisition of Votorantim Siderurgia, subject to a merger control agreement including divestments in common long steel markets.
Taiwan's Far East New Century Corp (FENC) successfully bid $33.5 million for M&G's 800 million lb/year PET resin plant in Apple Grove, West Virginia, and an R&D center in Ohio.
Alpek obtained regulatory approval from CADE in Brazil to acquire 100% of PetroquímicaSuape and Citepe from Petrobras for $385 million. The companies operate an integrated PTA-PET facility and a texturized polyester filament plant in Ipojuca, Brazil.
Murphy has acquired Carillion's UK power framework business for an undisclosed sum, taking over Carillion's position on National Grid contracts and becoming a joint venture partner with Eltel.
Integrated Silicon Solution, Inc. (ISSI) entered into a definitive agreement to acquire Sigma Designs Israel S.D.I. Ltd., the wired connectivity business of Sigma Designs. The transaction is expected to close later in February 2018.
Siemens entered into an agreement to acquire Sarokal Test Systems Oy, a company in the IC industry. Terms were not disclosed.
Japan Vilene Co., a Freudenberg Business Group, signed an agreement to acquire Hanns Glass GmbH & Co. KG, a global automotive supplier of car floor mats. The transaction is expected to close in Q2 2018.