LONDON, UK: Kerry Group has entered into a definitive agreement to acquire part of the global lactase enzyme business of Chr. Hansen Holding A/S and Novozymes A/S on a carve out basis. This acquisition is subject to European Commission approval of Kerry as a buyer and forms part of the Novozymes and Chr. Hansen merger…
HARMAN Professional acquires FLUX::, Expands immersive audio solutions
HARMAN Professional Solutions, the global leader in audio, lighting, and video and control technologies, has acquired FLUX SOFTWARE ENGINEERING, a France-based company that specializes in immersive, processing, and analysis solutions for various audio applications. The acquisition will enhance HARMAN Professional’s offerings with FLUX::’s innovative technology and products, such as SPAT Revolution, Analyzer, and Processing. It…
Foley Products Company acquires Coastal Precast of Florida
Foley Products Company, LLC, a leading manufacturer of concrete pipe and precast products, announced on December 8, 2023, that it has acquired Coastal Precast of Florida, Inc., a producer of sewer pipe and precast concrete products in Fort Myers, FL. The acquisition will enable Foley to offer a full range of storm, sanitary, retention, and…
Asbury Automotive acquires Jim Koons Automotive for $1.2 billion
Asbury Automotive Group, Inc., one of the U.S.’ largest automotive retail and service companies, has acquired Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S., for approximately $1.2 billion. The deal, which was completed on Tuesday, adds 20 dealerships, 29 franchises, six collision centers and one of the highest volume Toyota…
Installed Building Products has acquired Combee
Installed Building Products Inc., an industry-leading installer of insulation and complementary building products, today announced the acquisition of Combee Insulation Company Inc., Combee Foam Products, Inc. and Air Tight Diagnostics, LLC (collectively “Combee”). Established in 1970, Combee is headquartered in Lakeland, Florida and installs a diverse mix of building products including, fiberglass insulation, spray foam…
Watts Water Technologies to acquire Josam Company for $35 million
Watts Water Technologies, Inc. (NYSE: WTS), a global leader in plumbing, heating and water quality products and solutions, announced today that it has agreed to buy Josam Company, a provider and manufacturer of drainage and plumbing products, for $35 million. The deal is expected to close in January 2024. Josam Company has been in business…
Ayar Labs names co-founder Mark Wade as new CEO
Ayar Labs, a leader in silicon photonics for chip-to-chip connectivity, has announced that co-founder and CTO Mark Wade will take over as its new CEO, replacing Charles Wuischpard who will step down in mid-January. Wade is a pioneer in photonics technologies and led the team that designed the world’s first processor to communicate using light….
Renault Group will sell 5% of Nissan shares for €765 million
PARIS, FRANCE: Renault Group has announced that it will sell up to 211 million Nissan shares, or 5% of Nissan capital, to Nissan as part of the latter’s share buyback program. The sale, which will take place on December 13, 2023, will improve Renault Group’s net financial position by €765 million, but also result in…
TotalenErgies acquires 3 start-ups in the electricity business
PARIS, FRANCE: TotalEnergies has acquired three start-ups that have benefited from its TotalEnergies On acceleration program based at STATION F in Paris. The success of the collaborations and tests carried out during their participation in the program has led TotalEnergies to negotiate their acquisition and integration into its business units which with they collaborated. With…
Jubilee Metals partners with Abu Dhabi firm to tap into Zambia’s copper waste rock
LONDON, UK: Jubilee Metals, a leading metals recovery company with projects in South Africa and Zambia, has announced a strategic partnership with Abu Dhabi based International Resources Holding RSC Limited (IRH) to acquire and process one of the largest copper waste rock assets on surface in Zambia. The waste rock material, estimated at more than…
Saint-Gobain signs solar power deal with CVE in South Africa
PARIS, FRANCE: Saint-Gobain, a global leader in building materials, has entered into a 20-year renewable electricity supply agreement with CVE, a French independent renewable energy producer. The deal will provide Saint-Gobain with about 140 GWh of solar power per year, covering 40% of the electricity needs of its four major industrial sites in South Africa….
MaxCyte names Maher Masoud new CEO as Doug Doerfler retires after 24 years
LONDON, UK: MaxCyte, Inc., a leading cell-engineering company, announced today that Maher Masoud will take over as President and CEO from Doug Doerfler, who will retire on January 1, 2024. Masoud, who currently serves as EVP, Head of Global Business Development and Chief Counsel, will also join the Board of Directors. Doerfler founded MaxCyte in…