Transactions - Industrials

The IOW Group of companies, leading distributor and service provider of mobile drivetrain systems, hydraulics, cooling systems, and filter technologies in Central and Eastern Europe, sold a majority stake to Axel Johnson International.

Dormakaba Group, a provider of secure access systems for buildings and interiors, divested the activities of Dorma Beschlagtechnik, a manufacturer of premium door fittings, to Flacks Group, a private investment group based in Miami.

Stuart Turner Ltd, a domestic and commercial pump manufacturer, acquired The Total Water Solutions Company.

TSA Group, manufacturer of stainless equipment mainly for the food industry,  was sold to a new manager supported by three private equity funds: Capital Grand Est, Agro Invest and Caisse d’Epargne Alsace Capital Développement.

ATOP, a world leader in the manufacturing of automatic lines for the production of electric motors for various industrial and automotive applications including e-mobility, was sold to Charme Capital Partners SGR S.p.A. and IMA S.p.A.

Ersel Asset Management and the founders of the company sold the Sicme Motori to Orange1 Holding. Sicme Motori S.r.l. manufactures variable speed AC and DC motors and is one of the few players in the Italian market with advanced technological solutions for a large range of industrial applications.

Italglobal Partners sold a 70% stake in CMI, the leading producer of household appliance hinges, to Guangdong Xingye Investment LLC, the parent company of the listed Chinese group Guangdong SACA.

Sertip, a company specialized in screen-printing on plastics and in flat-working for industry, acquired Chimicolor, a manufacturer of metal plates.

A majority stake in Kuznia Ostrow Wielkopolski (KOW), a forge specializing in close-die and open-die forgings for the railway, construction and agricultural sectors, was sold to MSV Metal Studenka s.r.o., a portfolio company of Czech private-equity fund JET Investment.

IMR Automotive S.p.A., a global manufacturer and supplier of exterior parts for the automotive and truck industry, acquired 81.25% of Industrialesud S.p.A., an Italian company active in the same industry.

Cristin Electro Erosion (CEE), a company specialized in high-precision technical parts for the aeronautics sector, was sold to Comptoir Général du Ressort (CGR). CGR,  specializing in cold forming spring manufacturing, is a privately-owned group with over EUR 160 million in sales.

The House of Fuerstenberg sold its subsidiary Holzindustrie Fürst zu Fürstenberg (wooden packaging business unit) to Industrial European Wood Products Holding GmbH. Holzindustrie Fürst zu Fürstenberg has been operating for some 100 years, evolving from a saw mill to an important manufacturer of wooden packaging for the automotive industry.

MEngineering GmbH, Ravensburg, a leading German provider of specialized engineering services to the automotive industry, sold 100% of its shares to Alten GmbH, a subsidiary of French-listed Alten SA.

Controladora GMI, S.A.P.I. de C.V., the leading manufacturer and provider of modular construction solutions in Mexico and Latin America, received an investment from the Washington DC-based private equity firm ACON Investments.

Friars 716 Ltd acquired SWP Group Plc in a privatization process. SWP Group designs, manufactures, and installs a range of industrial engineered products and systems. The newly-established business is wholly owned by management.

Brock Kehrtechnik GmbH, Witten, a leading manufacturer of compact and large truck mounted sweeping-machines and related airport equipment sold 100 % of its shares to Foton Germany, the subsidiary of Beiqi Foton Motor Co. Ltd., Beijing, China.

Mattout Carrelage, a distributor of floor tiles, was sold to Richardson, a family company focused on plumbing and heating installations with sales of EUR 500 million.

Tournus Equipment, a French manufacturer of stainless steel equipment for professional kitchens, acquired CED Fabrications, a UK-based commercial-catering equipment manufacturer.

MBO Partenaires and private investors sold their shares in Storm Elec Group, a company specializing in the design, manufacture, and B2B distribution of electrical boxes and automation solutions for both the swimming-pool and photovoltaic markets.

FIAC S.p.A., an Italian manufacturer of piston compressors and related equipment, was sold by the Lucchi family to Atlas Copco, a global provider of sustainable productivity solutions. Founded in 1977, FIAC has production sites in Italy, China, and Brazil, and sells into more than 110 countries.