Transactions - Industrials

Pölkky Oy, the largest privately owned wood processing company in northern Finland, was sold to Pfeifer Holding GmbH, a leading European forest industry company.

Clairfield Finland advised Skanska Group in its divestment of its Finnish asphalt operations to Asfalttikallio Oy.

Bhuruka Gases Limited, an Indian supplier of specialty, rare, industrials and liquid gas products owned by the Agarwal family, entered into a strategic partnership with SOL S.p.A, based in Italy.

Mammoet, the international market leader in heavy lifting & transport, divested Conbit, a specialist in complex lifting and engineering, through a management buy-out.

Clairfield successfully advised the shareholders of Isolabel, a Belgium-based franchisee of Belisol, on a shareholder transitioning and partial sale.

UK-based Premier Paper Group acquired speciality packaging and retail display company WBC.

Tollegno 1900 S.p.A. sold its yarn division to Indorama Ventures Public Company Limited (BKK:IVL), a listed company based in Thailand and one of the world’s leading petrochemical producers.

Kestrel Aluminium Systems Limited and Kestrel Powder Coating Limited (together “Kestrel”) was sold to Schueco UK Limited.

Nortrafo, a Norwegian producer of distribution transformers, sold a majority stake to Stedi, a fund backed by Salvesen & Thams (S&T).

Westpak and Flexipack, packaging material producers for the food industry and technical industries, were sold to Walki Group, a leading producer of technical laminates and protective packaging material.

Third-generation family shareholders of Salice SpA (“Salice” and, together with its subsidiaries, the “Group”), Francesca, Massimo and Sergio Salice, sold a majority stake in the Group to Cobepa S.A., a Belgian investment company backed by large entrepreneurial European families.

The shareholders of G.F. S.r.l. (“GF Garden”), an historical manufacturer of garden equipment in Italy, sold 100% of the share capital to EXEL Industries, the French listed global leader in spraying solutions.

Krenek Forest Service, an exclusive distributor of Ponsse forest machines in the Czech Republic was sold to Ponsse, the Finnish forest machines producer, who is also a main business partner of the company.

Alliance Automation Pty Ltd, a provider of industrial automation and electrical engineering services, was sold to Telstra Corp Ltd, the Australia-based telecommunications company providing wired and wireless broadband internet and telecommunication services, through its subsidiary Telstra Purple Pty Ltd, the provider of IT consultation services.

The Pure Water Company, a provider of water purifying systems to a wide range of customers from start‐ups to large enterprises to restaurants and hotels in Norway, Denmark, Sweden and UK, was acquired by Waterlogic (backed by Castik Capital).

Paperfoam B.V., a leading supplier of sustainable packaging, created a joint venture with Max Solutions, Inc., a specialty packaging platform, to increase sustainable packaging sales in the United States.

CMR Group, a provider of control and measurement solutions for the energy sector, acquired the French company Procaly, a provider of wiring and cabling solutions for harsh environments.

Blanchon Group, a French leader in woodcare solutions, acquired the Dutch company Rigo Verffabriek.

ReMat Zrt., Hungary’s market leading plastics recycling company, was sold to MOL Group.

Agrozet Ceske Budejovice, one of the major Czech distributors of agricultural machinery and spare parts, was sold to the Czech investment group GES Group.