Transactions - Industrials

Tire distribution companies Gummigrossen i Örnsköldsvik AB and RengasDuo OY, sold a majority stake to Altor Fund IV. Gummigrossen and RengasDuo are the market leaders among the manufacturer-independent tire distributors in Sweden and Finland respectively.

The Merit Distribution Group, the leading distributor of paint sundries and flooring products and installation supplies in the US, was sold to Center Rock Capital Partners.

Beck & Pollitzer, an international industrial-services provider from Great Britain, acquired the German assembly-services company montagen plus and its wholly-owned subsidiary montageprofis.

CMR, a supplier of electronic control and measurement systems, acquired the Swiss company Costronic. CMR is backed by prominent private equity firms LBO France and Cathay Capital.

Lexington Manufacturing, a leading provider of engineered components to window and door OEMs in the United States and internationally, was sold to Watkins Associated Industries.

Star Capital SGR S.p.A. and the minority shareholders sold a majority stake of Gia S.p.A., an Italian producer of fixing solutions for the ITS industry, to Ethica Global Investments S.p.A.

Group FIMO, an Italian manufacturer and distributor of telecom cable management products, acquired DCE, an Italian company specialized in systems and wiring for the telecommunication industry.

Olivotto Glass Technologies S.p.A., an Italian company active in the design, engineering, and sale of machines and plants for the manufacturing of hollow glass items, was sold to the Chinese listed group China Glass Holdings Limited (HK:3300).

Farina Presse S.p.a., an Italian manufacturer of presses and hot steel forging lines, was acquired by Schuler AG, a subsidiary of Andritz Group.

AD Plastik Group, the largest Croatian manufacturer of plastic components for the automotive industry, acquired 100% ownership of Tisza Automotive Kft., a Hungarian auto parts supplier.

Industria Cartaria Pieretti S.p.A., Italian company active in the production of recycled paper and cardboard for industrial use, sold 80% of its share capital to Cartiera dell’Adda S.r.l.

EDIF S.p.A, a wholesaler of electrical products, sold its Puglia-based Business Unit to Sonepar Italia S.p.A.

Vacheron Industries, a French leader in the design and production of high-quality metal components, metal and plastic sub-assemblies, sold its next generation lipstick subsidiary Reboul, an established player in prestige beauty packaging, to Aptar.

Vacheron Industries, a group of three packaging companies, acquired Bpifrance’s stake in Reboul.

The Middleby Corporation, a global leader in the foodservice equipment industry, acquired Josper S.A., a leading manufacturer of charcoal grill and oven cooking equipment for commercial foodservice and residential applications.

Sangamo, a control and switch company,  was sold to Tamworth-based lighting, wiring accessories, and security products supplier, Scolmore Group.

Clairfield Spain advised Grupo ADI in its acquisition of Quaternia. Both companies are active in the chemical distribution market and ADI will now have combined sales in excess of €55 mn. ADI is active in the textile sector while Quaternia is active in the personal care, cosmetic and detergent segments.