Acquisition
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HOUSTON—Ascend Performance Materials has acquired a pair of materials firms in Italy. The move is part of its push to have more of a global presence.
DUBLIN—Proceeds from the sale of Eaton's hydraulics unit will be used to fund acquisitions and share repurchases as the power management company focuses on electrical, aerospace, e-mobility markets.
AURBURN HILLS, Mich.—BorgWarner's pending acquisition of Delphi Technologies would combine the resources of two powertrain tech leaders as both attempt to move from a world dominated by internal combustion to one that is electrified.
MANHEIM, Pa.—Fenner Precision Polymers has expanded its coated textile portfolio, acquiring Los Angeles-based Fabri Cote, a producer of custom rubber-coated fabrics primarily for aerospace applications.
MILAN—Having acquired a majority share in Ryco, Manuli Rubber plans to form the fourth-largest business in the hose and hydraulics fittings industry.
VIENNA—Wittmann Group, the Vienna-based auxiliary equipment and injection molding maker has acquired FarragTech.
AVON LAKE, Ohio—Robert Patterson, PolyOne CEO, president and chairman, said the Clariant acquisition is "truly transformational" for PolyOne, one that will make the firm a $4 billion, "truly global" business.
NEW YORK—Middle-market private equity firm Jordan Co. has sold a chemical additives business to South Carolina-based Milliken.
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AUBURN HILLS, Mich.—BorgWarner is prepared to acquire Delphi Technologies as the two suppliers navigate headwinds in power electronics products and propulsion technologies and an industry shift toward electrification.
DUBLIN—Eaton is selling off its hydraulics business, including rubber and plastic hose operations. The move allows the buyer, Danfoss, to enter the hose manufacturing business for the first time.