Transactions - Industrials

Grupo ADI, a multinational company and manufacturer and distributor of specialty chemicals, acquired a majority stake of World Elastomers Trade (WET), a company with over 25 years of experience in antifoaming agents, rubber, films, paper, and cardboard.

Star Capital SGR S.p.A. sold its majority stake of GLM S.p.A., a world leader in automotive components, to Remus Holding GmbH, a first-tier supplier of exhaust systems for the automotive and motorcycle industry and the aftermarket.

Mantero, a textile company, acquired 70% of Maglificio ITES, a white & private label Italian knitwear producer.

BTH FAST, a distributor of engines and engine spare parts, was sold to DEUTZ AG, a German manufacturer of diesel engines, for various applications, including construction, agriculture, marine, and industrial use.

Giulio Barbieri, a manufacturer of aluminium pergolas, carports, gazebos, and professional retractable tunnels, was sold to BAT Group, a global leader in the design, manufacturing and commercialization of sun protection systems.

Dawson Shanahan Ltd, a global leader in the precision cold forming engineering sector, was sold to Luvata, part of Mitsubishi Materials.

Amtek, an authorised distributor of electronic components, automation and industrial application elements, was sold to Emko IPC.

OME Srl acquired Jungeblodt GmbH, a producer of fastening systems.

The Halifax Group sold a majority stake in Southern Exteriors, a full-service installer of exterior building solutions, to Monomoy Capital Partners.

Civitanavi Systems SpA, a Pedaso-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments, a unit of Civitanavi Systems Ltd, was sold to Honeywell International Inc.

Mills acquired JM Empilhadeiras, dedicated to the sale, rental, and maintenance of forklifts and related equipment.

Eurofred, a market leader in HVAC with a European footprint, sold its non-core subsidiary Horeca Global Solutions to TEFCOLD, a leading supplier of foodservice equipment.

Clairfield supported Gama Aviation in the announced GBP 32.6 million tender offer to shareholders and delisting from the London Stock Exchange’s Alternative Investment Market (AIM).

UNIKOV Steel spol. s r.o., a manufacturer of garden furniture, was sold to Linatek a.s., backed by the Czech investment group Colibri Capital.

Etex, a global building material manufacturer and pioneer in lightweight construction based in Belgium, acquired SCALAMID, a manufacturer of modern and innovative façade fibre cement boards, from Poznan-based company Pozbruk in a carve-out transaction.

Embregour, holding of the Tardy family that founded CIFE-ETPO, sold its majority stake in CIFE-ETPO to Spie batignolles.

iVolve Holdings Pty Ltd, a provider of fleet management system for construction and mining equipment, was sold to Komastu Ltd, a multinational corporation that manufactures and distributes construction, earthmoving and mining equipment.

Zaklady Automatyki Kombud, a provider of train control and railway infrastructure solutions, merged with Rail-Mil Group, a domestic company operating in the field of electronics and industrial automation.

The minority shareholder of Drewpal Sp.J. a manufacturer of wooden pallets and metal crates for transport, sold all outstanding shares to the majority shareholders.

Gama Aviation Plc sold Jet East, its US business jet Maintenance & Repair Organisation, to West Star Aviation for US$131 million.