Borchers Americas, a portfolio company of The Jordan Company, acquired Owensboro Specialty Polymers, a North American market leader in polyvinylidene chloride latex emulsions. The transaction was effective as of October 31, 2017.
Integrated Global Services (IGS) acquired Cetek Ltd., merging two providers of critical asset maintenance and coating solutions for the downstream oil & gas and power markets. Cetek brings over 40 years of experience in ceramic coating and high-temperature maintenance services.
BYD plans to invest USD 34.39 million to set up a joint venture with Faurecia's investment arm in China. The JV will take over BYD's car seat business, with BYD holding 30% and Faurecia 70%.
Schneider Electric announced it has finalized the acquisition of ASCO Power Technologies, a leader in Automatic Transfer Switches, enhancing its EcoStruxure Power Platform.
Lasvit, a glass and design company, purchased the remaining stake in the Ajeto glassworks in Lindava, Czech Republic, from its owners. Lasvit plans to invest in expanding production capacities.
AkzoNobel confirmed it is in constructive discussions regarding a merger of its Paints & Coatings business with coatings manufacturer Axalta. The deal would combine the third and fourth-largest players in the global coatings market.
Wind River Environmental, a liquid waste management provider, acquired Jim LeBoeuf Septic Service in Hyannis, Massachusetts, to expand its residential, commercial and municipal services on Cape Cod.
Frank Vandecruys' holding Fedrus acquired French group Defrancq, a specialist in roofing and facade materials based in Courcelles, France. Defrancq has 150 employees and annual revenue of €40 million.
Italmatch Chemicals, a global specialty chemical group, acquired Sudamfos do Brasil, a Brazilian distributor of phosphonates and phosphates, through its subsidiary Italmatch Do Brasil Partipações Ltda, strengthening its presence in Latin America.
Mining equipment supplier Emeco plans to buy equipment rental and maintenance business Force Equipment for $69.8 million. The acquisition will improve scale in earthmoving rental and add maintenance facilities in Perth, Port Hedland, Kalgoorlie and Mackay.
Wai Chun Group Holdings (01013) extended the deadline to complete the acquisition of 51% equity in Yueyang Kaida Kewang Automotive Parts Manufacturing Co., Ltd. for 7.5 million RMB to January 31, 2018.
Hyundai Electric & Energy Systems Co Ltd announced it will acquire a China-based electrical machinery company for 40.5 billion won.
BYD's subsidiary BYD Auto Industry will invest CNY 228 million for a 30% stake in a joint venture with Faurecia China, which will acquire BYD's existing automotive seat business. The JV has registered capital of CNY 760 million.
Motor Controls, Inc. acquired the Flowtronex and Water Equipment Technologies brands from Xylem Inc. for $6 million on October 31, 2017.
Kyocera signed a share transfer agreement to acquire 80% of a newly established company, Kyocera Industrial Tools Corporation, which will inherit Ryobi's power tool business. The acquisition is expected to close in January 2018.
Valeo has closed its acquisition of FTE Automotive, a producer of actuators with more than 3,800 employees and manufacturing in eight countries, after clearances from the European Commission and the Turkish Competition Authority. FTE had 2016 sales of around EUR 550 million. The price was not disclosed.
Constantia Flexibles completed the sale of its labels division to Multi-Color Corp. for an enterprise value of about EUR 1.15 billion (approximately USD 1.3 billion), with Constantia receiving about EUR 830 million in cash and keeping a 16.6% stake in Multi-Color.
Innergex Renewable Energy Inc. will acquire all outstanding shares of Alterra Power Corp. for $1.1 billion, including debt assumption. The deal adds eight operating projects and a development pipeline.
Investment firm JAB Luxury GmbH agreed to sell Belstaff, a British label known for motorcycle-inspired outerwear, to Ineos, a global manufacturer of petrochemicals. Terms were not disclosed.
Thyssenkrupp and Tata Steel signed a memorandum of understanding to combine their European steel activities in a 50/50 joint venture named Thyssenkrupp Tata Steel, with pro-forma sales of about €15 billion and a workforce of about 48,000.
Shandong Ruyi Investment Holding has entered a definitive agreement to acquire Invista's Apparel & Advanced Textiles business, including the Lycra and Coolmax brands, with about 3,000 employees globally. Closing is expected by mid-2018.
Vistra Energy and Dynegy Corp. announced an all-stock merger valued at $1.74 billion, creating a combined company with over 46 GW of capacity.
Belgian family business Dossche Mills announced it will acquire Meneba Holding BV for an undisclosed sum, creating a group with €350 million turnover and 500 employees.
AECI has entered into an agreement to acquire 100% of Much Asphalt Proprietary Limited, South Africa's leading asphalt producer, for a total consideration of R2.272 billion in cash.
BHI Co., Ltd. agreed to acquire Amec Foster Wheeler Power Equipment Company, Inc., a manufacturer of electric generators.
Panasonic Corporation acquired Arimo Inc., a US leader in deep learning and behavioral AI, to leverage its data science expertise for B2B solutions in manufacturing and housing.
Dewitt Barrels Inc and DBI Recycling were sold to Industrial Container Services of Maitland, Florida, which plans to merge the Marne, Michigan company with an Illinois subsidiary. The founding family is retiring, and terms were not disclosed.
Sferaco, a subsidiary of Thermador Groupe, has opened negotiations to buy 100% of Groupe Valfit, a Bussy Saint-Georges company that sells connectors, meters and valves to wholesalers, with a deal targeted by end of January 2018. Valfit reported 2016 turnover of EUR 5.9 million. No price was disclosed.
Reynolds Group agreed to sell its SIG Combibloc carton packaging business to Onex Corporation for up to €3.75 billion, with €3.575 billion payable at closing and up to €175 million based on 2015 and 2016 performance. The deal was expected to close in the first quarter of 2015.
Shandong Ruyi Group agreed to pay over $2 billion to acquire the Apparel & Advanced Textiles business of Invista, a subsidiary of Koch Industries, which owns the Lycra brand.
CPM Holdings acquired Manchester-based Proline Engineering, a supplier of high-speed conveyance solutions and services for the metal packaging industry, which will join Greenbank Technology in CPM's metal packaging platform.
Gruppo Rapullino has signed a contract to acquire Tunisacier S.A., a steel coil producer in Tunisia, from the ILVA group. The plant will produce 300,000 tonnes of steel per year and employ 400 people.
The European Commission approved the acquisition of joint control over Bosch Automobile Steering (Nanjing) Co Ltd (ASCN) by Bosch of Germany and Huayu Automotive Systems Company Ltd (HASCO) of China, concluding no competition concerns.
The Hewitt Group announced the completion of the sale of its business to Toromont Industries as of October 27, 2017. Hewitt Equipment is the authorized Caterpillar dealer for Quebec and Western Labrador, and through its subsidiary Atlantic Tractors & Equipment, for the Maritime Provinces.
Dutch paints and coatings company Akzo Nobel has approached U.S. rival Axalta Coating Systems to discuss a possible merger that would create a global coatings giant. The talks are in early stages and there is no certainty a deal will be reached.
TricorBraun formed a 50-50 joint venture with Amfora Packaging, named TricorBraun South America SAS, covering Colombia, Peru, Ecuador, Chile and Venezuela, headquartered in Bogotá, Colombia.
Salter Labs acquired Innomed Technologies, Inc. and Respcare, Inc. from Mergenet Solutions, Inc. The acquired companies develop and market sleep apnea therapy interfaces and masks.
Dorman Products, Inc. closed the acquisition of MAS Automotive Distribution Inc., a premium chassis parts and control arm company headquartered in Montreal, Canada. MAS Industries is expected to generate approximately $40 million in net sales for the twelve months ended December 30, 2017.
Renesas announced that Intersil Corporation will be merged into Renesas Electronics America Inc. in January 2018, and the Intersil name will be dropped.
Komatsu announced a business integration plan with Komatsu Mining (formerly Joy Global), acquired in April 2017, aiming for synergy effects of about 10% of Komatsu Mining's sales by fiscal year ending March 2023.
Clariant and Huntsman mutually terminated their proposed merger of equals due to opposition from activist investor White Tale Holdings, with no break fee paid.
CCCC International Holding Ltd (CCCI), a subsidiary of China Communications Construction Company, has entered into a definitive agreement to acquire all shares of Canadian construction company Aecon for C$20.37 per share, representing an enterprise value of C$1.51 billion.
MB Aerospace agreed to acquire Asian Compressor Technology Services Company Ltd (ACTS) in Taiwan, which will trade as MB Aerospace ACTS (Taiwan) after finalization in January 2018. ACTS employs over 100 staff and specializes in aero-engine component repair.
Oricon Enterprises' board approved transferring the closures business of Oriental Containers to Oricon Packaging and selling a 51% stake in Oricon Packaging to Italy's Pelliconi at an enterprise value of Rs 419.40 crore, subject to agreed conditions. The approvals were given at a meeting on 27 October 2017.
TricorBraun formed a 50-50 joint venture with Amfora Packaging, named TricorBraun South America SAS, covering Colombia, Peru, Ecuador, Chile and Venezuela, headquartered in Bogotá, Colombia. The announcement was made on 27 October 2017.
MB Aerospace Newton Abbot agreed on October 27, 2017 to acquire Asian Compressor Technology Services from Pratt & Whitney, SIA Engineering and China Airlines for $60 million. Closing is expected around January 2018, and the business will trade as MB Aerospace ACTS (Taiwan).
Microsemi Corporation has entered into a definitive agreement to acquire the high performance timing business of Vectron International from Knowles Corporation for $130 million. The acquisition is expected to close in Microsemi's fiscal first quarter ending December 2017.
Deschenes Group Inc. (DGI) has entered into an agreement to acquire Corix Water Products (CWP), a division of Corix Infrastructure Inc., adding 51 locations and 650 employees. The transaction is expected to close in January 2018.
Chassix signed a definitive agreement to acquire Benteler Automotive Farsund's lightweight aluminum low-pressure automotive casting business, including a highly automated foundry in Farsund, Norway, with about 275 employees.
Cheplapharm Arzneimittel GmbH acquired a 24.9% stake in CLEARUM GmbH via a capital increase and will acquire 24.9% of the joint venture Med-Tec Holding GmbH. The investment volume is about EUR 70 million, creating up to 150 jobs.