Done Deals
- Texas-based food distributor Sysco has acquired Irish rival Pallas Foods for an undisclosed sum.
- Italian automotive firm OPAC has acquired Opacmare, an Italian manufacturer of yacht components, for €1.75 million (£1.6 million) in cash.
- Watts Industrie Reifen, the German subsidiary of Watts Tyre Group, has acquired rival Profix GmbH for an undisclosed sum.
- Associated British Foods has acquired Spanish rival Azucarera Ebro. The details of the deal were not disclosed.
- Dorset-based manufacturer of defence and aerospace systems Cobham Plc has sold M/A-COM Technology Solutions (MTS), its US commercial business division, to John Ocampo, the owner of private equity fund GaAs Labs, for up to $90 million (£65 million).
- Western Digital, a California-based specialist in hard drive storage, has acquired SiliconSystems, a supplier of solid state drives, for $65 million (£45.5 million) in cash. SiliconSystems will now trade as WD Solid-State Storage.
Deals in the Pipeline
- ReSearch Pharmaceutical Services (RPS), a Delaware-based provider of clinical solutions to the bio-pharmaceutical industry, has acquired medical research organisation Paramax International for $1 million (£700,000) in cash.