Crane acquires manufacturing firm Delta Fluid Products

Crane, a diversified manufacturer of highly engineered industrial products, unveiled its plans to purchase all of the capital stock of Delta Fluid Products, a designer and manufacturer of regulators and fire safe valves for the gas industry, for US$28 million (£15.6 million).

Other done deals

  • Irish drinks group C&C, has sold its distribution firm Findlater Grants to DCC for 9.6 million (£7.6 million)
  • Dublin-based online shopping and e-business software specialist, Buy4Now, has sold its US business interests to MyWebGrocer in a deal worth $15 million (£8.3 million)
  • Hispania Capital Partners announced the sale of Samy Companies to Hoyu, a privately-held, international hair care products company based in Japan. The terms of the transaction were not disclosed
  • Charles River Laboratories International has acquired privately-held Molecular Imaging Research for $12.5 million (£7 million)
  • Randall & Quilter, an AIM traded run-off management service provider and acquirer of solvent insurance companies in run-off, has acquired KMS, a London-based provider of insurance run-off services, for £1.78 million
  • Charles Taylor Consulting has bought Santam Europe from Santam International for up to £10 million
  • Manx-based Isle Boston has acquired Lawfords Isle of Man Corporate Services and Trust business as part of its ongoing expansion plans. The deal amount was undisclosed

Deals in the pipeline

  • Best Buy has agreed to buy Napster, a music subscription service for $121 million (£67.5 million)
  • Barclays confirmed that it is in talks with Lehman Brothers to buy some of the US banks’ assets. They are reportedly interested in the brokerage activities, including equity, M&A and debt activities
  • Getinge, a global medical technology company with operations in the cardiac surgery and vascular surgery markets among others, announced that it has agreed to acquire Datascope for $865 million (£483 million)
  • Green Mountain Coffee Roasters has executed an Asset Purchase Agreement to acquire the Tully’s coffee brand and wholesale business from Tully’s Coffee for $40.3 million (£22.5 million)
  • Advanced Equities Financial and Dekania announced today that they have entered into a definitive agreement under which the companies will merge. Post-deal, the company will trade as Advanced Equities Financial
  • Germany’s Lufthansa has agreed to pay up to 250m (£198.6 million) for smaller Belgian rival Brussels Airlines to expand its flight network and add business travellers to its customer base

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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