July 2022 M&A Roundup: Momentum Carries into Year’s Second Half

Following a period that reenergized the pace of M&A activity, deals involving packaging companies and international entities kept a brisk pace.
Here are the M&A announcements — primarily involving distributors but also manufacturers that sell through the channel — MDM covered during July (click the headline for more details):

July mergers and acquisitions in the industrial distribution and manufacturing sectors continued a brisk pace set in the prior quarter, as MDM reported roughly two-dozen M&A deals for the month. Some big-dollar decisions were among those agreements in July — including 3M divesting its $8.6 billion Health Care business and Stanley Black & Decker completing the sale of most of its Security assets to Securitas AB for $3.2 billion.

However, deals involving packaging companies also rode the M&A wave during the month. Jan-San distributor Envoy Solutions announced the acquisition of Sunbelt Packaging, while Flexpak LLC acquired ACE Packaging, a distributor and supplier of packaging products. North of the border, Ontario, Canada-based Wolfpack Packaging Inc. announced its acquisition of Supreme Packaging.

Other international-related deals also were reported during the month. German hydraulics manufacturer Bosch Rexroth acquired fluid power distributor HydraForce, and Hillenbrand Inc. agreed to acquire Herbold Meckesheim GmbH, a recycling systems specialist  headquartered in Meckesheim, Germany.

July M&A

Here are the M&A announcements — primarily involving distributors but also manufacturers that sell through the channel — MDM covered during July (click the headline for more details):

  • AD Completes Merger with Torbsa Limited — Independent distributor organization AD said it has completed its merger with Torbsa Limited, a building supplies buying group in Canada.
  • 3M to Spin Off $8.6B Health Care Unit, Posts Broad Declines — 3M is following suit of several other manufacturing conglomerates in divesting its Health Care business into a standalone entity, while reporting continued broad declines in sales and profit.
  • BlackHawk Industrial Stays Aggressive, Acquires 2 More Distributors — Tulsa, Oklahoma-based BlackHawk Industrial has acquired two companies that it says will accelerate growth in parts of Florida, Idaho and Montana.
  • Bosch Rexroth Acquires HydraForce — Lohr am Main, Germany-based mobile and industrial hydraulics manufacturer Bosch Rexroth, a subsidiary of Bosch, announced the acquisition of fluid power distributor HydraForce.
  • BradyIFS Makes Northeast Splash, Acquires Hill & Markes — Foodservice and JanSan distributor BradyIFS acquired Hill & Markes, a similar leading distribution company serving customers in New York and Vermont.
  • Continental Acquires WCCO Belting — Automotive solutions provider Continental announced that it acquired Wahpeton, North Dakota-based belting manufacturer WCCO Belting.
  • Envoy Solutions Acquires Sunbelt Packaging — Glenview, Illinois-based Jan-San distributor Envoy Solutions announced the acquisition of Sunbelt Packaging, a packaging materials distributor based in York, South Carolina.
  • Flexpak Acquires ACE Packaging — Woods Cross, Utah-based packaging supplies provider Flexpak LLC announced the acquisition of ACE Packaging, a distributor and supplier of packaging products headquartered in Phoenix.
  • Hillenbrand to Acquire Recycling Systems Provider in Germany — Batesville, Indiana-based Hillenbrand Inc. agreed to acquire Herbold Meckesheim GmbH. Herbold serves as a recycling systems specialist and is headquartered in Meckesheim, Germany.
  • Lawless Group Partners with Building Connections — The Lawless Group, a Dallas-based manufacturers’ representative to the industrial, commercial construction and safety markets, announced that it has acquired an interest in Building Connections, headquartered in Addison, Illinois.
  • Littelfuse Finalizes C&K Switches Deal — Chicago-based industrial technology manufacturing company Littelfuse has completed its acquisition of C&K Switches, a designer and manufacturer of electromechanical switches and interconnect solutions.
  • Milton Industries Acquires Casey Tools — Chicago-based pneumatic and hydraulic accessories manufacturer Milton Industries announced the acquisition of Casey Tools and Lock Technologies.
  • Munch’s Supply Adds 2 Acquisitions — Munch’s Supply, the HVAC division of Marcone, announced that it has acquired new companies: Wholesale Sheet Metal and Pile Protections Tops.
  • OTC Partners with Quincy Compressors — On July 20, Columbus, Ohio-based industrial equipment service provider OTC Industrial Technologies announced that it has partnered with Quincy Compressors, a manufacturer of reciprocating and rotary screw air compressors headquartered in Bay Minette, Alabama. Together, they will expand in two OTC locations in Phoenix and Las Vegas, according to an announcement.
  • Pentair Completes $1.6B Ice Maker Acquisition — Pentair plc, a London-based water treatment and sustainability provider, completed a $1.6 billion deal to acquire commercial ice maker Manitowoc Ice from Welbilt, Inc.
  • Rexel USA Acquires Horizon Solutions — Electrical distributor Rexel USA announced the acquisition of Rochester, New York-based Horizon Solutions.
  • Sandvik Acquires Nashville’s Peterson Tool Co. — Stockholm, Sweden-based industrial manufacturing conglomerate Sandvik announced the completion of the acquisition of custom tooling manufacturer Peterson Tool Company.
  • Stanley Black & Decker Completes $3.2B Security Sale — Stanley Black & Decker announced that it completed the previously announced sale of most of its Security assets to Securitas AB for $3.2 billion in cash.
  • US LBM to Acquire Foxworth-Galbraith Lumber Company — Buffalo Grove, Illinois-based US LBM reached a deal to acquire Foxworth-Galbraith Lumber Company, a Texas-based building products supplier to building professionals and homeowners in the Southwest U.S.
  • Valley Grinding & Manufacturing Acquires Quality Edge — Industrial blade manufacturer Valley Grinding & Manufacturing announced the acquisition of Quality Edge, a knife manufacturer with specialization in the food industry.
  • Wajax Subsidiary Acquires Powell Valve — Toronto-based Wajax announced that its subsidiary, western Canadian maintenance and technical services provider Tundra Process Solutions Ltd., acquired the valve business of Powell Canada Inc.
  • Winsupply Acquires Romar Supply — Dayton, Ohio-based distributor Winsupply Inc. completed its acquisition of both Romar Supply locations.
  • Wolfpack Packaging Acquires Supreme Packaging — Newmarket, Ontario, Canada-based Wolfpack Packaging Inc. announced its acquisition of Supreme Packaging.

Did we miss anything? Please send M&A announcements to editor@mdm.com. We also welcome suggestions for “Behind the Deal,” our occasional series that takes a deep dive into market-shifting moves in wholesale distribution.

Related Posts

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access