Mergers & Acquisitions
Linamar Corp. has reached an agreement with automotive supplier Dura-Shiloh, owned by MiddleGround Capital, to acquire its battery enclosures business for $325 million in all-cash consideration.
Persico SpA has acquired Precision Mold Services Inc. of Blaine, Minn., and will relocate some of Persico's Michigan operations and employees to Blaine.
Sweden's KB Components AB has gained production capabilities in the U.S. with its recent purchase of QFC Plastics Inc., an Arlington, Texas, injection molder of disposable medical devices.
Gund Co., a fabricator and manufacturer of engineered materials, has acquired Vanderveer Industrial Plastics LLC (VIP).
The deal was announced on the heels of Uponor Oyj rejecting a sweetened purchase offer worth $2.06 billion.
In a 3D printing merger, Stratasys Ltd. is combining with Desktop Metal Inc. in an all-stock deal valued at $1.8 billion.
The deal brings Milacron owner Hillenbrand Inc. more processing technologies for food and plastics as well as cross-selling opportunities.
Handgards Inc., a manufacturer of disposable foodservice products, has acquired foodservice tableware maker EMI Yoshi Inc. of Somerville, N.J.
Belgium's Aliaxis SA — the owner of pipe maker Ipex — is now offering 25.75 euros per share for Uponor Oyj, up from 25 euros offered in April, but Uponor still says there's no deal.
Under the deal, Biomerics will merge with the medical businesses of Precision Concepts International LLC (PCI) of Mooresville, N.C., and Precision Concepts Group LLC (PCG) of of Winston-Salem, N.C.