Morbark, LLC has completed the acquisition of Rayco Manufacturing Inc., a manufacturer of tree care and environmental equipment. Rayco's CEO John M. Bowling will continue with the combined business and join Morbark's board.
Permian Water Solutions, LLC acquired a majority of the assets and operating business of Pyote Water Systems LLC on November 18, 2017.
Impact Handling, a UK distributor of lift trucks, acquired Midlands-based forklift specialist Bendigo Mitchell. The acquisition adds to Impact's 12 wholly-owned branches and over 200 mobile technicians.
Armstrong World Industries entered into a Share Purchase Agreement to sell its EMEA and Pacific Rim businesses to Knauf International GmbH for an enterprise value of $330 million.
Rayonier Advanced Materials completed its acquisition of Tembec, a publicly traded Canadian company, creating the leading global supplier of specialty cellulose. The deal closed on November 20, 2017.
ROCKWOOL Group acquired the remaining shares of Swiss stone wool producer Flumroc AG, gaining full ownership. Flumroc employs about 230 people and has annual revenue of approximately CHF 67 million.
ABC Metals Inc., a Logansport-based alloy metal distributor owned by MPI Corp., acquired the assets of International Metals Processing LLC, an Indianapolis metals processing company.
Chembond Chemicals Limited has acquired Phiroze Sethna Pvt Ltd, a sealants and adhesives company. The announcement was made on November 17, 2017.
Martin Inc. has agreed to acquire the assets of Ameritool Inc., a wholesale distributor of industrial machinery and equipment based in Huntsville, Alabama. The acquisition supports Martin's geographic expansion strategy.
Italian packaging producer Sirap-Gema agreed to buy rigid plastic food packaging maker Kama Europe, trading as Pactiv, from Reynolds Group Holdings, with completion expected mid-January 2018. Kama Europe has a plant in Sedgefield employing 110.
Multinational packaging company NNZ agreed to acquire Levy Brothers & Knowles (LBK), a UK flexible packaging supplier with bases in Liverpool and Glasgow. The deal was advised by Benchmark International and significantly increases NNZ's share of agricultural and industrial packaging markets.
Kinetico Incorporated acquired Nimbus Water Systems, Inc. for an undisclosed amount on November 16, 2017.
Continental acquired Advanced Imaging Technologies (PTY) Ltd., a South African company specializing in x-ray and magnetic imaging systems for conveyor belt damage detection. The purchase price was not disclosed.
Berry Global Group announced a definitive agreement to acquire Clopay Plastic Products Co. Inc., a subsidiary of Griffon Corp., for $475 million in cash. Clopay is a global supplier of printed breathable films and elastic films for hygiene, healthcare, construction and industrial markets.
C&B Operations LLC signed a letter of intent to acquire Farm Equipment Sales, a John Deere dealership serving Northeast Montana for 53 years.
Victoria PLC entered into an agreement to acquire the entire issued share capital of Keraben Grupo S.A., a European manufacturer of ceramic tiles, for €274.1 million (£246.5 million). The acquisition is expected to complete on November 16, 2017.
Italmatch Chemicals Group and Detrex Corp. announced a definitive merger agreement under which a subsidiary of Italmatch will acquire Detrex for $27.00 per share in cash. The transaction is expected to close by December 31, 2017.
Schwenk KG has abandoned its plans to acquire a cement plant in Karsdorf, Saxony-Anhalt from Opterra GmbH (a subsidiary of CRH), after the Bundeskartellamt raised competition concerns. The withdrawal also includes the acquisition of a plant in Sötenich.
GE Additive acquired GeonX, a privately-owned developer of simulation software based in Belgium. Terms of the deal were not disclosed.
Emerson Electric proposed to acquire Rockwell Automation for $225 per share in a cash and stock transaction valued at $29 billion. The proposal consists of $135 per share in cash and $90 per share in Emerson stock.
TricorBraun, a St. Louis packaging company, acquired Taipak, a flexible packaging provider headquartered in Richmond, British Columbia. It is TricorBraun's first move into flexible packaging, and Taipak will be renamed Taipak, A TricorBraun Company.
Federal-Mogul Powertrain completed the acquisition of UK-based Controlled Power Technologies, a developer of 12V and 48V electric motor generators for hybridisation and electrification. The unit will operate as Federal-Mogul Controlled Power; financial terms were not disclosed.
Taco Family of Companies acquired the Taconova Group, a Zurich-headquartered maker of hydronic heating, balancing, underfloor heating and valve solutions. The deal strengthens Taco's presence in Europe.
Berry Global Group has agreed to acquire Clopay Plastic Products Company from Griffon Corporation for $475 million in cash, adding printed breathable films and elastic films with about 1,500 employees.
Emerson chairman and CEO David N. Farr has proposed in a letter to acquire all outstanding shares of Rockwell Automation at a total enterprise value of about $29 billion, with the combined company to be renamed Emerson Rockwell.
Merit Medical Systems entered into an Asset Purchase Agreement to acquire a tunneled home drainage catheter product line from C.R. Bard and a soft tissue core needle biopsy product line from BD for $100 million, contingent on the BD-Bard merger closing.
Brighton Best International, Inc. has acquired IRONCLAD Performance Wear Corporation through an asset purchase. The acquisition aims to expand IRONCLAD's market reach and product offerings.
Polaris Materials securityholders overwhelmingly approved the plan of arrangement for U.S. Concrete to acquire all outstanding common shares of Polaris for C$3.40 per share. The transaction is expected to close on or about November 17, 2017.
GEA signed an agreement to acquire VIPOLL, a Slovenian manufacturer of filling technologies for beverages. VIPOLL employs over 100 people and had sales of approximately EUR 20 million in 2016.
Asia Cement Co is preparing to acquire Halla Cement Corp with a reported bid between KRW700bn and KRW800bn. Halla Cement operates an integrated cement plant with 9Mta capacity.
Pouch Partners AG, a subsidiary of Capri Sun Group, has acquired all shares of Italian flexible films provider Porta Imballaggi Flessibili S.p.A. The deal aims to strengthen Pouch Partners' position as a global pouch specialist.
The Suez Cement Company gave preliminary approval to merge Helwan Cement Company's operations into its own. The company will determine the legal and financial framework and set a timeline before bringing the matter to a vote.
Power Matla Limited, Power Matla Transformers Pty Ltd and SGB-SMIT Management GmbH agreed to acquire an 80% stake in Powertech Transformers from Allied Electronics Corporation Limited (Altron) for a nominal consideration, with a ZAR 250 million loan to repay debt.
Flexware Innovation Inc., an automation engineering and software development firm, has acquired IPACT Inc. in Valparaiso, Indiana. Financial terms were not disclosed. IPACT will be rebranded under the Flexware name.
Pact Group has bought two Reynolds companies in Asia, according to Plastics News. The article gives no further details on location, price or date beyond December 5, 2017.
FCX Performance, a flow control distributor, has acquired Houston-based Eads Distribution and Charlotte-based The Massey Company, expanding its footprint to 67 offices nationally.
Umbra Cuscinetti S.p.A. agreed to acquire Thomson Aerospace & Defense from Meggitt PLC for $2.5 million. The deal was agreed in November 2017 and expected to close in March 2018.
Arlington Capital Partners, a private equity firm, announced the acquisition of Cadence Aerospace, a manufacturer of complex aerospace components and assemblies based in Anaheim, California. The company has six facilities across the US and Mexico.
Ivalua, a cloud spend management company, acquired Directworks, a provider of cloud-based direct materials management for manufacturers. The acquisition aims to enhance Ivalua's capabilities in managing direct materials and supplier collaboration.
East West Manufacturing agreed to acquire the assets of Innovolt, a power protection and data company.
Enercity Erneuerbare GmbH completed the acquisition of Ventotec Unternehmensgruppe, a German wind farm developer and operator with 220 MW of existing wind parks.
BW Group and Mitsui & Co. formed a joint venture to jointly own the Floating Storage and Regasification Unit BW Integrity, with Mitsui purchasing a 49% stake. BW continues to own 51% and provide management services. The vessel is on a 15-year charter in Pakistan.
Luxfer Holdings PLC has entered into an agreement to acquire the Specialty Metals business of ESM Group Inc., including a manufacturing facility in Saxonburg, Pennsylvania. The acquired business will be integrated with Luxfer's existing powder business.
Southfield Capital acquired American Refrigerator Company (ARC), the largest independent industrial refrigeration service company in New England. Abacus Finance Group provided $20.5 million in senior secured credit facilities to support the buy.
Grenzebach Group divested LJU Automatisierungstechnik GmbH to Conductix-Wampfler GmbH. The contract was signed on 14 November 2017, and the transaction is expected to close later that year subject to regulatory approval.
Huachangda Intelligent Equipment, a Chinese industrial robot integrator, has acquired Swedish Robot System Products (RSP), a spin-off from ABB with 70 employees in Sweden, Germany and China, for an undisclosed amount.
The European Union approved the merger of the ABS resin businesses of Techno Polymer (a JSR subsidiary) and UMG ABS (owned by Ube Industries and Mitsubishi Chemical), creating the largest ABS supplier in Japan with 430,000 tonnes/year capacity.
CRH made a non-binding cash bid for PPC, a South African cement producer. PPC will allow CRH to conduct due diligence and submit an updated bid next week. The value was not disclosed.
Zhongwang USA LLC's planned acquisition of Aleris Corporation for approximately $2.3 billion has been abandoned after the merger agreement expired on November 12, 2017, due to unresolved CFIUS national security concerns.
Mitsui Chemicals announced plans to acquire Asahi Kasei's SUNVIEO thermoplastic styrene elastomer (TPS) business, effective December 1, 2017. The acquisition will add TPS to Mitsui's MILASTOMER lineup for automotive and consumer applications.