Capvis agreed to acquire a majority stake in ProXES Group, a global leader in process technology for the food industry, from Deutsche Beteiligungs AG. ProXES unites four process technology suppliers and employs over 500 people.
Toyota Industries Corporation completed the acquisition of LiftCapital Corporation, a Canadian sales financing company for lift truck dealers, effective May 1, 2017. The acquired entity will be renamed Toyota Industries Commercial Finance Canada, Inc.
Emco Group acquires Kampmann's entrance matting division, while Kampmann GmbH acquires Emco's air-conditioning division. The deal was announced on May 17, 2017.
India's Competition Commission approved JTEKT's proposal to acquire a 25.12% equity stake in its Indian joint venture Sona Koyo Steering Systems Ltd.
CTS Corp. has acquired Noliac A/S, a Danish designer and manufacturer of piezoelectric components, sensors and transducers. Noliac has facilities in Denmark and the Czech Republic.
Pennel & Flipo, a portfolio company of IDI, signed a protocol to acquire Fait Plast, a European leader in thermoplastic technical films. The deal is expected to close by end of June 2017.
TNI Packaging, LLC, a food-industry packaging supplies manufacturer in West Chicago, was purchased by Visko/TeePak, a global casings maker; terms were not disclosed. Production continues at the West Chicago site and in Malaysia.
ZF has entered an agreement to acquire the automotive division of Romania-based engineering service provider BeeSpeed. The spin-off is planned for early 2018, with ZF taking control effective January 1, 2019.
McClure Company and Burns Mechanical have been acquired from Talen Energy in a management-led private acquisition. The new holding company, McClure Burns Mechanical Holdings, LLC, was created for the transaction.
Cargill purchased the vegetable-based polyol product line Agrol and other assets from BioBased Technologies, expanding its biobased polyol offerings for foam and other industrial markets.
Boston Scientific Corporation announced the close of its acquisition of Symetis SA, a Swiss structural heart company, for $435 million in cash. The deal was originally announced on March 30, 2017.
The startup Zuse Holding has purchased the Maschinenfabrik in Mosbach-Diedesheim from the Taiwanese Fair Friend Group (FFG). All approximately 200 employees, including 15 apprentices, will be taken over. The facility will continue operations under new ownership.
Faurecia acquired exclusive access to intellectual property and process know-how for composite hydrogen tanks from Stelia Aerospace Composites, to develop high-pressure tanks for fuel cell electric vehicles.
Nordic private equity fund Altor Fund IV agreed to acquire Tresu Group, a Danish maker of flexographic inline printing machines, from majority owner Erhvervsinvest II. The sale and purchase agreement was signed on May 11, 2017.
Hosco Holdings LLC purchased Classic Precision Inc., a manufacturer of aerospace fuel delivery and combustion components for turbine engines. The acquisition extends Hosco's reach into the aerospace market.
Sondrel has signed an agreement to acquire the IMGworks division of Imagination Technologies, adding SoC design and software integration capabilities to its engineering consultancy. The combined team will comprise over 250 employees.
Wärtsilä has signed an agreement to acquire Greensmith Energy Management Systems Inc., a US-based leader in intelligent energy storage technology, for an undisclosed amount. The acquisition is expected to close no later than July 2017.
Colas Inc., through its subsidiary Barrett Industries Corporation, has acquired assets from Graymont Materials (NY) Inc., including quarries, hot mix asphalt plants, and ready-mix concrete plants operating under the Upstone Materials brand in New York State.
Funds advised by Triton have signed an agreement to acquire WernerCo, a manufacturer of access products and fall protection equipment. Terms were not disclosed. The transaction is subject to regulatory approval.
Owens Corning has signed an agreement to acquire Pittsburgh Corning, a producer of cellular glass insulation, for approximately $560 million in cash. The transaction is expected to close in Q3 2017.
HENSOLDT signed a Share Purchase Agreement to acquire EuroAvionics GmbH from Equistone Partners Europe and management. The transaction is subject to anti-trust approvals, with closing expected in Q3 2017.
The European Commission approved the merger between Reichhold and Polynt, conditional on the divestment of Reichhold's Etain plant in France to Ashland. Both produce unsaturated polyester resins.
Caterpillar has acquired construction equipment technology company Yard Club for an undisclosed amount. Yard Club specializes in peer-to-peer equipment rental software.
Tharisa Minerals agreed to acquire 153 yellow fleet machines and other equipment from mining contractor MCC for ZAR303.3 million. The deal also includes the transfer of about 900 on-site employees.
ERASTEEL, a subsidiary of ERAMET, signed a memorandum of understanding to sell its 10.29% stake in Heye Special Steel Co., Ltd to AT&M for 109.5 million yuan (approx. €15 million). The transaction is expected to close in the second half of 2017.
Hyundai Wia Corporation has acquired IHI Corporation's 49% stake in their turbocharger joint venture Hyundai Wia IHI Turbo Corporation, taking full control. The JV was established in 2013 and has a factory in Seosan, South Korea.
China's Ministry of Commerce granted conditional regulatory approval for the proposed merger of equals between Dow Chemical and DuPont.
Atlas Copco will acquire Erkat, a German manufacturer of drum cutter attachments for excavators. The purchase price is undisclosed and the deal is expected to close in Q1 2017.
Viking Plastics, a portfolio company of Spell Capital, announced its acquisition of Genesis Plastics and Engineering, LLC, a Scottsburg, IN-based manufacturer of automotive interiors and custom injection molded products.
Rolls-Royce Marine Deutschland sold its Intering business to Hoppe Marine of Hamburg, Germany.
Kinshofer GmbH acquired more than 96% of the LLC Units of Solesbee's Equipment and Attachments, LLC. The acquisition adds new product segments like excavator thumbs and mechanical pulverizers, and improves Kinshofer's distribution in the United States.
The Sterling Group, a private equity firm, acquired Time Manufacturing Company from O'Flaherty Holdings Limited. Time Manufacturing, based in Waco, Texas, is a global designer and manufacturer of vehicle-mounted aerial lifts for telecom and electric utility markets.
Harvest Partners LP and Audax Private Equity completed the combination of AP Emissions Technologies and Centric Parts to form APC Automotive Technologies. Harvest made a new equity investment, and Audax retained a significant stake. Terms were not disclosed.
Adcole Corporation and Maryland Aerospace Incorporated merged to form Adcole Maryland Aerospace, LLC, a new company focused on small satellites and spacecraft attitude control. The company will maintain facilities in Crofton, Maryland, and Marlborough, Massachusetts.
Hermitage Equity Partners, joined by Greyrock Capital Group, acquired Bentec Medical Inc., a manufacturer of silicone-based medical devices and OEM components. The acquisition includes a change in CEO to Scott Christensen.
Conax Technologies acquired Quartz Engineering, a manufacturer of quartz sheaths for temperature sensors headquartered in Tempe, Arizona. Manufacturing operations will remain in Tempe.
The Competition Tribunal approved the merger between Hesteel International Holding Company, Hesteel Group, Xuanhua Construction Machinery and Smart Union Resources Hong Kong, which controls Palabora Mining Company and its subsidiary Palabora Copper.
IZI Medical Products, a Shore Capital Partners portfolio company, acquired the vertebroplasty family of products from Cook Medical, including needles, injectors and cements under the Duro-Ject, Osteo-Site, Osteo-Force and Vertefix brands.
ExxonMobil Chemical's Singapore affiliate reached an agreement with Jurong Aromatics Corporation to acquire its aromatics plant on Jurong Island, Singapore.
Speyside Equity Fund I LP acquired all assets of Ashland Foundry and Machine Works in Ashland, Pennsylvania, plus West Coast Stainless Products and Dynatek in Huntington Park, California, with transactions completed in early May 2017.
SMIC's subsidiary sold 19.61% equity in Suzhou Changdian Xinke to JCET and subscribed to 150 million shares of JCET. The China Securities Regulatory Commission approved the transactions on May 10, 2017, making the agreements effective.
Meyer Canada announced it has entered into an agreement to acquire the manufacturing and wholesale distribution operations of Padinox Inc., located in Prince Edward Island, Canada. The acquisition provides Meyer with Canadian manufacturing capability for cookware.
Project developer Beva completed the acquisition of heating and sanitation specialist H&S Service. The acquisition supports Beva's growth and will create more employment.
Jiangsu Yuyue Medical Equipment & Supply Co Ltd will invest $13.3 million to acquire a 19.3% stake in Amsino Medical Group Company Limited.
McClarin Plastics has acquired Custom Composites, an Oklahoma City-based manufacturer of polypropylene and composite fiberglass products. McClarin plans to invest additional capital and add over 50 jobs at the facility.
Wi-Lan has entered into a definitive agreement to acquire VIZIYA Corporation for about $40.5 million. The acquisition marks Wi-Lan's move into the industrial Internet of Things.
Austrian technology group Miba AG will raise its stake in Brazilian sinter component maker Mahle Metal Leve Miba Sinterizados from 40 to 100 percent as of 30 June 2017. The company will be renamed Miba Sinter Brasil and operates a site in Indaiatuba near São Paulo.
German paper group WEPA Group, headquartered in Arnsberg, has acquired Dutch paper producer Van Houtum in Swalmen. WEPA Group has 3,000 employees across eleven European sites. The deal was reported on 10 May 2017.
WEPA Hygieneprodukte signed an agreement to acquire all shares of Dutch Van Houtum Group Holding B.V., a producer in Swalmen with about 200 staff and around EUR 60 million in revenue, pending antitrust approval. The price was not disclosed.
Sigma Plastics Group acquired BJK Flexible Packaging, adding 45 million pounds of blown film capacity and serving food packaging and other end markets in Kentucky.