Private equity firm American Securities LLC has acquired MW Industries, a provider of engineered springs, fasteners, and precision components, in partnership with MWI management on September 29, 2017.
Corbion completed the acquisition of substantially all assets of TerraVia Holdings for approximately $20 million cash, gaining a microalgae-based platform for specialty lipids, proteins, structured fats and tailored oils.
Abbott plans to close its acquisition of Alere on October 3, 2017, after receiving anti-trust approvals. The deal is valued at $5.3 billion, down from the initial $5.8 billion. Abbott will divest certain assets to Siemens and Quidel.
Onroak Automotive acquired Tork Engineering, a manufacturer of racing cars, including Silhouette-type cars. The acquisition expands Onroak's racing car manufacturing business and adds a site in Amilly, France.
Polaris Materials entered into an arrangement agreement with U.S. Concrete, under which U.S. Concrete will acquire all Polaris shares for C$3.40 per share in cash, implying an equity value of approximately C$309 million. Polaris terminated a prior agreement with Vulcan Materials.
Kemira signed an agreement to form a joint venture (Kemira TC Wanfeng Chemicals Yanzhou) with Shandong Tiancheng Wanfeng Chemical Technology. Kemira will hold 80% for EUR 55 million. The JV will produce AKD wax and its raw material fatty acid chloride, and plans to produce polyaluminum chloride. The deal is expected to close in H1 2018.
M O'Brien Group of companies agreed to purchase a majority shareholding of Lowery Demolition, a UK demolition firm established in 1983.
Mitsubishi & Co. agreed to transfer part of its iron and steel products business to NIPPON STEEL & SUMIKIN BUSSAN CORPORATION (NSSB) and acquire additional shares in NSSB to strengthen their capital relationship, making NSSB an equity-method associate.
Kobe Steel and Novelis Korea completed arrangements to establish Ulsan Aluminum, Ltd., a 50-50 joint venture in Ulsan, South Korea, to produce aluminum rolled products with a capacity of approximately 300,000 tons per year.
Carrier and Midea America launched Carrier Midea North America, a joint venture to produce and distribute residential ductless HVAC systems in North America, with Carrier holding majority ownership.
Thomas D. Duff III, owner of Duff Grinding Corp., purchased Hermann Schmidt Precision Workholding from Peter Schmidt as of September 29, 2017. The business will remain in South Windsor, Connecticut, with no interruption of operations.
A merger control filing dated 29 September 2017 concerns SSCP Thermal Bidco's acquisition of shares and control of Vernet SAS and Magnum Corporation, makers of pressure regulating and relief valves, thermostatic cartridges and automotive spare parts.
Anaheim-based MeriCal, owned by Linden Capital Partners, acquired Ogden, Utah-headquartered probiotic manufacturer Global Health Industries, combining their probiotic and supplement manufacturing capabilities. The combined company will employ nearly 550 people at six US sites.
Bayer sold a further 6.9 percent of Covestro shares for EUR 1 billion, reducing its direct stake to 24.6 percent and ending control via a control termination agreement effective September 30, 2017.
German packaging firm Südpack has acquired Oak Creek-based Seville Flexpack for an undisclosed price, gaining two facilities totaling 156,000 square feet. All 40 employees will remain.
RFPi Inc. signed an agreement with Nipro Corporation for Nipro to acquire 15 percent ownership of RFPi and receive exclusive distribution rights to the iCertainty medical device in Japan, with joint development for additional applications.
BorgWarner finalized its acquisition of Sevcon, a global player in electrification technologies, on September 27, 2017. Sevcon's annual sales for 2017 are expected to be approximately $60 million.
A Bain Capital-led consortium has signed a definitive agreement with Toshiba Corporation to purchase all shares of Toshiba Memory Corporation. Toshiba remains a significant investor, and Hoya will also invest as a common equity holder.
Mosaic Capital Partners structured and funded an Employee Stock Ownership Plan (ESOP) buyout of Galfab, a manufacturer of waste hauling equipment with locations in Indiana and Arizona. Galfab became an independent, employee-owned company.
Sofie Biosciences completed the acquisition of Zevacor Pharma, forming a combined company called SOFIE. Zevacor Pharma operates 16 radiopharmacies and a contract manufacturing organization, serving over 425,000 patients annually.
Ensign-Bickford Industries (EBI) acquired TiNi Aerospace Inc., a provider of non-explosive release mechanisms for aerospace, defense, and subsea markets. TiNi will join EBI's Ensign-Bickford Aerospace & Defense Company (EBAD).
Yancoal Australia exercised its option to buy a 29% stake in the Warkworth coal mine from Mitsubishi Corp for $230 million, increasing its stake to about 85%.
Core & Main signed a definitive agreement to acquire substantially all of the assets of Minnesota Pipe & Equipment, a waterworks distributor with three branches in Minnesota. The deal is expected to close in October 2017.
Kingspan has acquired a 51% stake in Isoeste Construtivos Isotérmicos, an insulated panel manufacturer in Brazil with four production sites and about 630 employees. The transaction amount was not disclosed.
Ventistål AS has acquired 51% of the shares in Thermo Control Gruppen, a leading supplier of cooling and heating systems in Norway.
Hitachi Metals, Ltd. announced it will acquire all shares of its subsidiary Hitachi Metals MMC Superalloy, Ltd. held by Mitsubishi Materials Corporation, making it a wholly-owned subsidiary. The share transfer is scheduled for October 2, 2017, to strengthen the aircraft and energy materials business.
Georg Fischer (GF) acquired 100% of German software company Symmedia GmbH, which provides software for machine networking. Symmedia, based in Bielefeld with 60 employees, will be integrated into GF's Machining Solutions division. Financial details were not disclosed.
SAICA has entered negotiations to acquire Emin Leydier, a French corrugated paper packaging manufacturer with eight French sites and over 1,000 employees, which generated EUR 356 million revenue in 2016; First Eagle holds about 53% of it.
Emerson completed its acquisition of the Valves & Controls business from Pentair plc for $3.15 billion; the Swiss-headquartered unit in Schaffhausen has about 7,500 employees and will join Emerson Automation Solutions.
Alstom signed a Memorandum of Understanding to combine with Siemens' mobility business. Siemens will receive 50% of Alstom's share capital, and the combined entity will be named Siemens Alstom.
Lamar Technologies announced the asset acquisition of the Sky-Tec branded solenoid product line from Hartzell Engine Technologies, with manufacturing moved to Lamar's Marysville, Washington location.
French mineral-based speciality products supplier Imerys Group has acquired UK recycler Regain Polymers from Germany's Aurelius Equity Opportunities SE & Co.
Dow Chemical and DuPont completed their merger of equals, forming DowDuPont with an estimated market value of more than $30 billion.
GEA Group has acquired the Italian Pavan Group, a provider of extrusion and milling technologies for pasta, snacks and cereals, with 680 employees and €155 million revenue in 2016. The transaction is subject to antitrust approval and expected to close in 2017.
Rolls-Royce has acquired from G+L innotec the exclusive rights to a patented technology for electrically assisted charging of off-highway combustion engines above 450 kW. Rolls-Royce plans to offer MTU-brand engines with this technology as of 2021.
British Steel has signed a share purchase agreement to acquire FNsteel, a Dutch manufacturer of premium wire rod products, for an undisclosed amount. The deal is subject to regulatory approval.
Siemens and Alstom have agreed to form a joint venture, Siemens Alstom, combining their rail manufacturing divisions. Siemens will own just over 50% of the shares, with headquarters in Paris and Germany. The venture has combined annual revenue of around €15.3bn.
SCM Group, an Italian multinational in machines and industrial equipment, signed an agreement to acquire 51% of HG Grimme, a German specialist in machines for processing plastic and composite materials. The Grimme family will remain in management.
Chongqing Machinery & Electric (02722) signed an agreement with its parent to acquire 100% of a smart manufacturing company and an equipment research institute, while transferring its stakes in Qichi Transmission and a small-loan company to the parent. The net consideration is RMB 169 million paid by the parent in cash.
Air Liquide announced the acquisition of Sogo Sangyo Kabushiki Kaisha (SSKK), a Japanese medical gases and home healthcare provider in the Tokyo region with over 150 employees, on September 26, 2017.
Rassmann GmbH has acquired 100% of the shares in Melrob Group Holdings Ltd., including all subsidiaries in the UK, Germany, India, Japan, Korea, Singapore, Spain and the US.
Melco Conveyor Equipment, the South African subsidiary of Rulmeca Group, acquired CPM (Conveyor Pulley Manufacturers) in Johannesburg. All existing employees and founders will be retained.
Aditya Birla Group is preparing a bid for aluminium maker Aleris Corp, valuing it at $2.5 billion enterprise value, with an offer expected as soon as the first week of October 2017.
Hans Damm Research A/S, the parent company of the DAMM group, acquires Delfi Electronics ApS, Delfi Solutions A/S and Protec Electronics ApS, all based in Sønderborg, Denmark. The acquisition is part of a split of Delfi Tech Manufacturing Ltd.'s business activities between its two main shareholders.
The Coesia Group announced the acquisition of the entire share capital of MGS Machine Corporation, a provider of packaging automated machinery headquartered in Minneapolis, Minnesota, with 2017 revenues of USD 28 million and about 120 employees.
Hamamatsu Photonics has agreed to acquire Energetiq Technology, a US manufacturer of laser-driven light sources, for $42 million plus company cash.
Genuine Parts Company has entered a definitive agreement to acquire Alliance Automotive Group from Blackstone and co-founders for approximately $2 billion, including debt repayment.
Australian communications distributor Madison Technologies has acquired Victoria-based IoT manufacturer Shepelec Instrumentation for an undisclosed sum, including its MultiPar Multi-IO Device product.
Makino Inc. announced its merger with EDM consumables supplier Global EDM Supplies. The merger is expected to expand Makino's Single Source Technologies (SST) consumables business by broadening geographic reach and product diversity.
General Electric agreed to sell its GE Industrial Solutions business to a European rival for $2.6 billion. The deal is expected to close in the first half of 2018.