FALLING SPRINGS QUARRY acquired by BREEDON GROUP

Tikehau Capital has entered into an agreement to divest its stake in Aubert & Duval to its two industrial co-shareholders, Airbus and Safran, marking the end of a four-year partnership that saw a significant restructuring of the metallurgical equipment manufacturer. In 2022, Airbus, Safran, and Tikehau each acquired approximately one-third of the group through an investment vehicle established to support the aerospace industry following the COVID-19 crisis. At the time, the company was facing substantial operational challenges, including disorganized production and significant losses, which directly impacted its major industrial clients

Howdens has agreed to acquire DIY Kitchens, a UK-based online kitchen manufacturer and retailer, in a transaction designed to broaden its route-to-market strategy and expand its reach beyond its traditional trade customer base. The acquisition provides direct exposure to non-trade consumers who prefer to design, configure and purchase kitchens independently through a digital platform. The transaction is based on strategic complementarity rather than commercial integration. Howdens will continue to focus exclusively on trade professionals through its nationwide depot network, while DIY Kitchens will remain an online-only business serving end consumers

Johnson Matthey acquires Cormetech, a US-based specialist in SCR catalysts used for emissions control in power generation and industrial applications. The transaction strengthens JM’s Clean Air Solutions business, which focuses on pollution abatement technologies for stationary engines, gas turbines and coal-fired power plants. The acquisition is designed to enhance JM’s positioning in a structurally growing emissions control market, underpinned by stricter environmental regulation and rising electricity demand driven by data centre expansion and distributed power generation

The acquisition of Simagec by Sterimed is a strategic move to expand Sterimed's service offering to medical device manufacturers and pharmaceutical companies. The deal complements Sterimed's existing operations and enables the company to further strengthen its position in the medical packaging market. Simagec's expertise in rigid and flexible packaging solutions, contract packaging, and validation services will enhance Sterimed's capabilities and provide a more comprehensive range of services to its customers

This transaction represents Cosmogen's first external growth initiative since its spin-off and is a transformative step to double its operational scale. Driven by its controlling shareholder, Weinberg Capital Partners, the acquisition aims to create a new global reference in the premium beauty packaging market, the Cosmogen & Asquan Group. The strategic rationale is founded on the strong complementarities between the two entities. Cosmogen contributes its deep expertise in patented, technical applicators and its established relationships with major European beauty conglomerates

Saica Group has announced a definitive agreement to acquire 100% of Thimm Group, a premier European provider of sustainable packaging and display solutions. This transaction represents a landmark corporate buyout within the European paper and packaging sector, uniting two industrial giants with a deeply institutionalized history of partnership, including a strategic sales alliance and an active joint venture in Poland. The acquisition thesis represents a major, transformational consolidation play designed to capture absolute market leadership within the Western and Eastern European packaging landscapes

The Swedish investment holding has signed a definitive agreement to acquire a majority interest in the target, marking its first transaction in the Italian market for the 2026 fiscal year. This operation follows a high-velocity acquisition pipeline aimed at consolidating a portfolio of high-performing "Made in Italy" industrial champions. The strategic rationale for the move centers on the integration of a highly profitable niche specialist into the group’s multidisciplinary industrial business area

The group has finalized an agreement to acquire the target from One Rock Capital Partners, a maneuver designed to fundamentally expand its manufacturing capabilities in the growing West Coast region. The strategic rationale for this transaction centers on a "network-flexibility" play, merging the target's industry-leading technical operational depth in recycled fiber milling with the group’s established global distribution and containerboard framework. This structural alignment provides the organization with the scientific talent and high-performance hardware (specifically the target's three specialized machines) required to address the increasing demand for lightweight, high-performance recycled packaging

DSM-Firmenich has agreed to sell a majority interest in its Animal Nutrition and Health (ANH) business to CVC Capital Partners. Under the terms of the agreement, DSM-Firmenich will retain a 20% minority stake to benefit from future upside. The transaction structure involves a combination of cash proceeds (~EUR600 million) and the transfer of debt/liabilities (~EUR500 million) to the new standalone entity. Additionally, the deal includes an earn-out component based on future performance. Post-closing, the business will be operationally split into two separate entities: "Solutions Company" and "Essential Products Company," both headquartered in Switzerland

Wendel signed an agreement for the sale of the entire share capital of Stahl to the German industrial group Henkel. The transaction was intermediated by two leading international investment banks. This operation marks the exit of Wendel after a 20-year investment period, as well as the exit of industrial partners BASF and Clariant. The scope of the sale excludes leather chemical activities, which were previously carved out into a new entity named Muno. For Wendel, this historic exit generates net proceeds of EUR1