USA Compression Partners will acquire Energy Transfer Partners' compression business, CDM, adding 1.6 million horsepower of gas compression fleet. The transaction is valued at about $1.8 billion, including $1.225 billion in cash consideration to ETP.
Japanese chemical makers Ube Industries, JSR Corp., and Mitsubishi Chemical Corp. integrated their ABS resin businesses. Techno Polymer Co. (JSR subsidiary) and UMG ABS Ltd. (jointly owned by Ube and Mitsubishi) merged to form Techno-UMG, based in Tokyo. JSR holds 51% and UMG ABS holds 49%.
Rental Equipment Investment Corp. acquired all assets and certain liabilities of Excavator Rental Services LLC and ERSWest LLC. ERS is an equipment rental company based in Camas, Washington, with branches in Oregon.
FutureWeld Co., Inc. and Frontier Techni-Kote Industries, LLC have agreed to merge and form Frontier Group, Inc., combining two aerospace metal finishing companies in Arizona.
FutureWeld Co., Inc. and Frontier Techni-Kote Industries, LLC merged to form Frontier Group, Inc., combining two aerospace metal finishing companies in Arizona. The merged entity operates two facilities in Phoenix and Chino Valley with over 40,000 square feet of capacity.
King Lai (Xinlai Yingcai) announced plans to acquire 100% of Shandong Bihai Packaging Materials for 260 million yuan. The target company produces aseptic packaging materials and liquid food packaging machinery. The sellers guarantee combined net profit of at least 72 million yuan for 2018-2020.
TE Connectivity announced negotiations to acquire ABB's Entrelec-brand terminal block business. The transaction is subject to regulatory approval and agreement with employee representatives.
Shape Corp. announced a purchase agreement to acquire Ohio-based aluminum extruder Magnode. The deal was announced on January 15, 2018.
M-D Building Products, Inc. acquired Morse Industries, a manufacturer of glass railings, aluminum extrusions, and related products. The acquisition was announced on January 15, 2018.
Belvac Production Machinery has acquired Rosario Handel B.V., doing business as Rosario Can Technology, based in Dongen, Netherlands. Rosario makes can decorators and base coating machinery and provides rebuild and replacement-parts services.
NPM Capital, the private equity company of SHV, has acquired a 40% interest in Ploeger Oxbo Group, a Dutch manufacturer of specialized harvesting equipment, from Synergia Capital Partners, VDL Participaties, and Bolster Investment Partners.
Investment funds managed by Alinda Capital Partners, along with company management, acquired 100% ownership of Kelling Group Limited from Elysian Capital LLP. Kelling provides specialty equipment rental for UK infrastructure maintenance.
Franken-Schotter GmbH & Co KG acquired 100% of the shares of Vereinigte Marmorwerke Kaldorf GmbH, effective January 1, 2018. The target produces natural stone products from Jura limestone and will continue as a separate brand.
Sumitomo Corporation increased its stake in Sumiputeh Steel Centre Sdn. Bhd. from 50% to 100%, making it a wholly owned subsidiary. The company provides coil center services for thin steel sheet products in Malaysia.
SK Hynix System IC will absorb its affiliate Silicon File on February 28, 2018, to strengthen semiconductor foundry capabilities and improve management efficiency.
Tapì Group, a beverage closures maker owned by Wise SGR, has entered a binding agreement to buy 80% of T&G GmbH, the sole distributor for Germany, Switzerland, Poland, Austria and the Netherlands. The founder keeps the remaining 20%.
AST Kunststoffverarbeitung GmbH of Erndtebrück, Germany, has acquired a majority stake in Dutch plastic drum and canister maker Euromouldings in Nijverdal from Wadinko NV, effective retroactively from December.
Flexible packaging manufacturer ProAmpac has acquired paper packaging products manufacturer Bonita Packaging Products, which will operate as a unit of ProAmpac's US Flexibles Division. The deal value was not disclosed.
Shree Cement has agreed to acquire a 92.83% stake in UAE-based Union Cement for an enterprise value of $305.24 million. The deal is Shree Cement's first venture outside India and its largest acquisition ever.
Nexans has acquired a controlling interest in BE CableCon, a Denmark-based manufacturer and supplier of cable kits for wind turbine companies, to accelerate growth in renewable energy.
Valentus Specialty Chemicals, a platform of Huron Capital, acquired St. Louis-based US Coatings Inc., a provider of high performance protective maintenance coatings for industrial, petrochemical, and oil and gas applications.
Aluminum Corp of China (Chalco) signed a framework agreement to issue shares to acquire the remaining equity in four subsidiaries: Chalco Shandong (30.80%), Zhongzhou Aluminum (36.90%), Baotou Aluminum (25.67%), and Chalco Mining (81.14%), making them wholly owned.
Saint-Gobain and Alghanim Industries have become joint-venture partners in KIMMCO, a regional leader in insulation with a glasswool manufacturing plant in Shuaiba, Kuwait. The deal was effective January 11, 2018.
Rockwell Collins shareowners overwhelmingly approved the proposed acquisition by United Technologies Corp. The transaction is expected to close by the third quarter of 2018, combining Rockwell Collins with UTC Aerospace Systems to form Collins Aerospace Systems.
AWL Group, a global robotic automation company, acquired UK robotic welding and automation specialist ICS Robotics and Automation. ICS will continue to operate independently under its own name.
Lubbock, Texas-based Simmons Pump and Simflo Pumps have merged into a privately held company operating as SIMFLO, headquartered in Lubbock with offices in Willcox, Arizona and Garden City, Kansas. All 120 employees were retained.
Terreal Group, via its subsidiary Terreal Italia (San Marco), acquired assets of PICA, including the brand, Pesaro factory, and a logistics center in Rome. The deal adds 74 employees and is expected to generate €10 million in 2018 revenue.
IPS Cranes has entered into a definitive agreement to acquire American & Ohio Locomotive Crane Co. (AOL Crane), a global leader in material handling on rail.
Metromont Corporation, a manufacturer of precast concrete materials, announced its plan to acquire Shockey Precast Group of Winchester, Va. The Shockey Precast Group will continue to operate under the same name as a division of Metromont.
Borqs Technologies signed a Letter of Intent to acquire 60% of Shanghai KADI Machinery Technology Co., Ltd, a developer of embedded software and hardware for electric vehicle control modules, for $15 million in cash and shares over three years.
Liberty House, part of GFG Alliance, made a binding offer worth $500 million to acquire Rio Tinto's aluminium smelter in Dunkirk, France, with plans to invest €2 billion and build an auto components factory.
Astro Shapes LLC acquired Boardman-based Aerolite Extrusion Co., a local extruder, as reported on January 10, 2018.
Granite Shore Power LLC, a joint venture of Castleton Commodities International and Atlas Holdings, completed the acquisition of select power generating assets of Public Service Company of New Hampshire (Eversource Energy), including Merrimack Station, Newington Station, Schiller Station, and combustion turbines in Groveton and Tamworth.
Amzak Capital Management acquired majority ownership of StampTech and merged its operations with AOC MetalWorks, forming a metal stamping and fabrication platform with five facilities in the Southeast US and revenues over $80 million.
SGL Carbon SE sold its 51% shareholding in the SGL Kümpers joint venture to Kümpers GmbH and Franz-Jürgen Kümpers. Financial details were not disclosed.
Synopsys acquired Kilopass Technology, a provider of antifuse one-time programmable non-volatile memory IP, to expand its DesignWare IP portfolio. Terms were not disclosed.
Cogsdill Tool Products, Inc. acquired E-Z Burr Tool Company of Livonia, MI. E-Z Burr will continue to operate independently from its Michigan facility.
Simonds International, backed by Ironwood Manufacturing Fund and Nautic Partners, merged with Burton Saw and Supply, a portfolio company of Pfingsten Partners, creating a leading producer of cutting tools for the wood processing industry. Terms were not disclosed.
Fives Machining Systems, Inc. acquired Konecranes Machine Tool Service division, a US provider of machine tool services including preventive maintenance, rebuild, and repair.
Graphic Packaging has closed its $6 billion deal to buy International Paper's North American Consumer Packaging business, merging it with Graphic's existing operations. The closing took place in early January 2018.
Fras-le, a Randon company, received CADE approval to acquire an 80.1% stake in Federal-Mogul's brake pad factory in Sorocaba, Brazil, forming a joint venture named Jurid do Brasil Sistemas Automotivos Ltda. The deal value was not disclosed.
German aluminum producer Oetinger Aluminium has been sold to Czech Republic-based Metal Trade Comax Group for an undisclosed sum. Oetinger produces about 190,000 tonnes of recycled aluminum casting alloy annually.
VINCI Energies has become the formal owner of 100% of Eitech after the Swedish competition authority approved the purchase, which was announced on November 8, 2017.
HCL Technologies acquired Sankalp Semiconductor, an advanced technology design services provider in the semiconductor space. The acquisition was announced on September 9, 2019.
Ube Industries, JSR and Mitsubishi Chemical established Techno UMG Co., Ltd. on April 1, 2018, integrating their ABS resin businesses. JSR holds 51%, UMG (owned equally by Ube and Mitsubishi Chemical) holds 49%.
Dover Corporation has acquired Ettlinger Kunststoffmaschinen GmbH, a German manufacturer of filtration solutions for the plastics recycling industry. Ettlinger will become part of Dover's Maag business unit. Terms were not disclosed; Ettlinger's 2017 revenue was approximately EUR 16 million.
CIDAN Machinery Sweden AB acquired 100% of the shares in Austrian Forstner Maschinenbau GmbH, effective end of December 2017. Forstner produces coil processing machines for the sheet metal market.
Current Water Technologies Inc. closed its acquisition of 100% of Pumptronics Incorporated, paying $700,000 cash, a $100,000 deposit credit, a $400,000 promissory note and 12 million shares.
FHC Inc., a Bowdoin-based maker of devices for brain surgery, acquired Atanse, a Massachusetts medical device company that develops products for intracerebral drug delivery. The purchase price was not disclosed.
ABB signed an agreement to sell its Huntersville, North Carolina, cable factory to Southwire Company, LLC, for an undisclosed price. The plant produces high-voltage and extra-high-voltage underground transmission cables. The acquisition is expected to close in the third quarter of 2018.