Mergers & Acquisition

Mergers & Acquisition

Univar Successfully Closes Quaron Acquisition

January 5, 2011

BRUSSELS, Jan. 3, 2011 - Univar, a leading global chemical distributor, announced today it has successfully completed the acquisition of the Quaron business in Belgium and the Netherlands. This step reflects Univar's commitment to growth and to strengthening its position, reach, service, technical expertise and... Read More

Mergers & Acquisition

Raytheon Company Commences Tender Offer for All Shares of Applied Signal Technology, Inc.

January 4, 2011

WALTHAM, Mass., Dec. 30, 2010 - Raytheon Company (NYSE: RTN) is commencing today, through its wholly-owned subsidiary RN Acquisition Company, a cash tender offer to purchase all of the outstanding shares of common stock of Applied Signal Technology, Inc. (Nasdaq: APSG). Raytheon announced on Monday, Dec. 20, 2010... Read More

Mergers & Acquisition

Goldcorp Announces Completion of Acquisition of Andean Resources

January 4, 2011

HAIFA, Israel, December 30, 2010 - Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced that it has acquired the Brazilian companies, Ares Aeroespecial e Defesa S.A. ("Ares") and Periscopio Equipamentos Optronicos S.A. ("Periscopio"). The acquisition was accomplished in a series of transactions... Read More

Mergers & Acquisition

Johnson Controls to Acquire KEIPER and the Automotive Seat Business of RECARO

January 4, 2011

BURSCHEID, Germany, December 30, 2010 - Johnson Controls Automotive Experience Enhances Metal Components Business Johnson Controls, a leading global supplier of automotive interior systems and electronics, announced today that it has signed a purchase agreement to acquire KEIPER and the automotive sport and... Read More

Mergers & Acquisition

L.B. Foster Completes Merger of Foster Thomas Company into Portec Rail Products, Inc.

January 4, 2011

PITTSBURGH, Dec. 29, 2010 - L.B. Foster Company ("L.B. Foster", Nasdaq: FSTR) today announced that the merger of Foster Thomas Company with and into Portec Rail Products, Inc. ("Portec") has been effected as of December 27, 2010. Portec is now a wholly owned subsidiary of L.B. Foster. As of the close of trading on... Read More

Mergers & Acquisition

Cooper Industries Completes Acquisition of Hernis Scan Systems AS

January 4, 2011

DUBLIN, Dec. 30, 2010 - Cooper Industries plc (NYSE: CBE) announced today that Cooper Safety has completed the acquisition of Hernis Scan Systems AS, following receipt of regulatory clearances and the requisite shareholder approval from shareholders of Vislink plc (LSE: VLK.L). The acquisition of Hernis Scan... Read More

Mergers & Acquisition

Gerber Scientific, Inc. Closes on Sale of Gerber Coburn

January 4, 2011

SOUTH WINDSOR, Conn., Dec. 31, 2010 - Gerber Scientific, Inc. ("the Company") (NYSE: GRB) today announced that it had closed on the previously announced sale of its ophthalmic lens processing business unit, Gerber Coburn, to Coburn Technologies, Inc. for approximately $19 million, after fees and expenses. The... Read More

Mergers & Acquisition

Sigma-Aldrich Acquires Cerilliant Corporation to Strengthen Its Analytical Chemistry Portfolio

January 4, 2011

ST. LOUIS, Dec. 30, 2010 - Sigma-Aldrich® Corporation (Nasdaq: SIAL) announced today it has acquired all outstanding shares of Cerilliant Corporation of Round Rock, Texas to strengthen the Company's analytical chemistry product portfolio and to continue to deliver on its strategic growth plans. Cerilliant, a leading... Read More

Mergers & Acquisition

Ferguson Acquires Summit Pipe and Supply - Grows Footprint in the Southeastern US Waterworks Market

January 4, 2011

NEWPORT NEWS, Va., Jan. 1, 2011 - Ferguson announces the acquisition of Summit Pipe and Supply Co. Inc. and Summit Pipe and Supply Company of Mississippi, Inc. (collectively, "Summit") in an asset transaction completed Dec. 31, 2010. Summit is a waterworks distributor with three locations in Northport and Wetumpka... Read More

Mergers & Acquisition

SKF's Acquisition of US Based Lubrication Systems Company Approved

January 4, 2011

SKF's acquisition of Lincoln Holdings Enterprises (below referred to as Lincoln Industrial), a leading supplier of lubrication systems and tools, has now been approved by the relevant antitrust authorities. SKF pays around USD 1 billion on a cash and debt free basis for Lincoln Industrial. The acquisition is... Read More

Mergers & Acquisition

Ahlstrom Completes Divestment of Altenkirchen Site in Germany

January 4, 2011

Ahlstrom, a global leader in nonwovens and specialty papers, announces that it has completed the divestment of Ahlstrom Altenkirchen GmbH in Germany to Interface Solutions. Ahlstrom announced earlier this month the sale of the Altenkirchen site to Interface Solutions, a portfolio company of Pennsylvania-based... Read More

Mergers & Acquisition

Timken Acquires City Scrap and Salvage to Increase Supply Chain Efficiency for Its Steel Operations

January 3, 2011

CANTON, Ohio, Dec. 31, 2010 - The Timken Company (NYSE: TKR) today announced that its wholly owned subsidiary, TSB Metal Recycling LLC, has purchased substantially all of the assets of City Scrap and Salvage Co. in Akron, Ohio. City Scrap, which employs 30 people, has a longstanding relationship with Timken... Read More

Mergers & Acquisition

Lincoln Electric to Acquire Severstal Welding Business in Russia

January 3, 2011

CLEVELAND, Dec. 28, 2010 - Lincoln Electric Holdings, Inc. (Nasdaq: LECO) today announced that it has signed a definitive agreement to acquire OOO Severstal-metiz: welding consumables, a leading manufacturer of welding consumables in Russia and a subsidiary of OAO Severstal, one of the world's leading vertically... Read More

Mergers & Acquisition

MasTec Announces Significant Revision and Enhancement to Nsoro Acquisition Earn-out Terms

January 3, 2011

CORAL GABLES, Fla.,Dec. 28, 2010 - MasTec, Inc. (NYSE: MTZ) today announced that it has signed an amendment which significantly improves the Company's economics in the earn-out associated with the Nsoro acquisition, MasTec's wireless infrastructure construction and maintenance subsidiary. Under the revised terms... Read More

Mergers & Acquisition

FirstEnergy Sells 6.65 Percent Interest in Ohio Valley Electric Corporation

January 3, 2011

AKRON, Ohio, Dec. 28, 2010 - FirstEnergy Corp. (NYSE: FE) today announced that its FirstEnergy Generation Corp. subsidiary sold a 6.65 percent participation interest in the output of the Ohio Valley Electric Corporation (OVEC) to Peninsula Generation Cooperative, a subsidiary of Wolverine Power Supply Cooperative... Read More

Mergers & Acquisition

FTS Completes Its Sale of Its North American Business to PAETEC

January 3, 2011

FAIRPORT, N.Y. and Herzliya, Israel December 28, 2010 PAETEC Holding Corp. (NASDAQ GS: PAET), a FORTUNE 1000 company, and FTS Ltd. (LSE: FTS), a global provider of billing, customer care and policy control solutions for communications and content service providers, announced the completion of the sale of assets and... Read More

Mergers & Acquisition

Dynapower Corporation Acquires iTherm Technologies

December 30, 2010

iTherm Technologies is pleased to announce it has joined forces with Dynapower Corporation, a global leader in power conversionsystems located in South Burlington, Vermont. The move supports iTherm's commitment to continued growth and development in the field of induction heating, power supply design and advanced... Read More

Mergers & Acquisition

Regal Beloit Closes Unico Acquisition

December 30, 2010

BELOIT, Wis., Dec. 23, 2010 - Regal Beloit Corporation (NYSE: RBC) today announced the closing of its previously announced acquisition of Unico, Inc. Headquartered in Franksville, Wisconsin, Unico manufactures a full range of AC and DC drives, motor controllers, and other accessories ideally suited for most... Read More

Mergers & Acquisition

Demerger to Be Put to Shareholder Vote at General Meeting of Shareholders in May 2011

December 30, 2010

Separation will become effective shortly after General meeting December 26, 2010 - TNT has revealed that its preparation of the demerger transaction - which will separate TNT's Express and Mail operations - will continue unabatedly, with filing of documentation planned following the 2010 annual results. A General... Read More

Mergers & Acquisition

SunPower Completes Sale of 44-Megawatt Montalto di Castro Solar Park

December 30, 2010

SAN JOSE, Calif., Dec. 27, 2010 - SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that it has completed the sale of its 44-megawatt (MW) Montalto di Castro solar park to a consortium of international investors that include MetLife, Fondo PPP Italia (managed by Fondaco SGR S.p.A and advised by Equiter S.p.A... Read More