Canadian PROCESS EQUIPMENT & CONTROL NEWS
Wajax Corp. of Toronto has announced that it has agreed to acquire Calgary-based Tundra Process Solutions Ltd. for $99.1 million. Founded in 1999, Tundra provides maintenance and technical services to customers in the western Canadian midstream oil and gas, oil sands, petrochemical, mining, forestry and municipal sectors.
Everest Automation has completed its acquisition transition of Mentec Sudbury Industrial Equip Ltd. With over 80 sales professionals, in seven locations — Levis, PQ, Sussex, NB, Halifax, Ottawa, Sarnia, ON and now Sudbury in Northern Ontario — Everest has expanded its coverage in Eastern Canada.
Arlanxeo Canada Inc., a subsidiary of the Saudi Arabian Oil Company, and Diamond Petrochemicals Canada Corp., a subsidiary of Japan’s Mitsubishi Corp., have agreed that Arlanxeo will sell its olefins business to Mitsubishi.
Birmingham, AB-based Motion Industries, Inc., a distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company, has announced two acquisitions.
Huntsman Corp. of The Woodlands, TX, has announced that it has completed the acquisition of CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives and coatings markets.
BASF and an affiliate of Lone Star, a global private equity firm, have signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion.
Hexagon announced in January the acquisition of Blast Movement Technologies (BMT) from RCF Jolimont Mining Innovation (Jersey). BMT supplies a unique blast movement measurement technology to the global mining industry.
Syntegon Technology is the new name in the processing and packaging industry. Known as Bosch Packaging Technology until late 2019, the former Bosch division has presented itself as an independent enterprise at the company headquarters in Waiblingen, Germany.
Spectris plc, an instrumentation and controls company, has agreed with Voith GmbH & Co. KGaA for Voith to acquire BTG Group from Spectris for a total gross cash consideration of €319 million. The sale is in line with Spectris’ strategy to simplify and focus our portfolio and to concentrate on developing its presence in specific high-growth end markets.
Emerson of St. Louis, MO, has acquired the Spence and Nicholson product lines from Circor International. The acquisition complements Emerson’s broad portfolio of steam system solutions for process industries and commercial buildings.
