Acquisition
LEVERKUSEN, Germany—Covestro will sell its European Systems House business to the U.S. private equity and alternative assets investment firm HIG Capital in a move to streamline its business.
MACEDONIA, Ohio—TPC Wire & Cable acquired EZ Form Cable in a move that will give TPC new capabilities in coaxial cable and radio frequency connectors.
NEWMARKET, Ontario—AirBoss of America is growing again, this time through a merger that will create a new business called AirBoss Defense Group.
LIVERPOOL, N.Y.—Washington-based private equity firm HCI Equity Partners recently acquired JGB Enterprises, a value-added assembler and supplier of industrial and hydraulic hose, hose accessories and a variety of other industrial products.
ORANGE, Texas—Lion Elastomers has acquired a styrene-butadiene copolymers production site owned and operated by Firestone Polymers.
WATERFORD, N.Y.—Three South Korean companies have finalized their purchase of MPM Holdings, the parent company of global silicones supplier Momentive Performance Materials.
STREETSBORO, Ohio—Compounding firm Aurora Plastics shows no signs of slowing its growth after purchasing Elastocon TPE Technologies, Aurora's fourth acquisition in two years.
HANOVER, Germany—HF Tire Tech Group has transferred its extrusion technology business to Troester.
MAYFIELD HEIGHTS, Ohio—Parker Hannifin has taken a big, proactive step to get ahead of emerging trends in the aerospace and automotive industries.