Manufacturing Divestitures in 2026

Onto Innovation completed the acquisition of key materials composition and electrical analysis product lines from Semilab International (including Semilab USA LLC), expanding Onto’s materials-analysis and metrology capabilities for the semiconductor market. The transaction (announced June 2025; completed November 17, 2025) augments Onto’s product portfolio and team and was disclosed alongside Onto’s fourth-quarter and full-year 2025 results.

Nickolas Asset Management (NAM), an operator-led family office, acquired a 120,000-square-foot resin processing and materials facility from Material Difference Technologies (MDT), a Florida-based supplier and processor of plastic resins. The acquisition — driven by the seller's owner retirement — strengthens NAM's materials and manufacturing platform, adds recycling and compounding capabilities, and retains MDT's former owner Jered Ingham as operating partner and division COO to ensure continuity.

Dober, a family-owned specialty chemical manufacturer based in Woodridge, Illinois, has acquired the Soltellus Agronomy and Water Treatment businesses from Lygos, Inc. The deal gives Dober greater control over manufacturing, quality and product development for Soltellus polymers (production to continue at Hazleton, Pennsylvania and R&D at Woodridge, Illinois), while Lygos retains Soltellus for Home and Personal Applications and its proprietary technology.

Ark MFG has acquired North American Kitchen Solutions' (NAKS) stainless steel custom fabrication division, including Custom Kitchen Fabricators (Texas), Lane Manufacturing (Georgia), and Stainless Specialties Inc. (Ohio). The divestiture lets NAKS concentrate on its core commercial kitchen ventilation platform while Ark MFG expands and invests in its stainless-steel fabrication platform.

Avril Industrie, via its Saipol subsidiary, has completed the acquisition of the Champlor Renewables rapeseed-crushing, refining and biodiesel business in Baleycourt, France from Valtris Specialty Chemicals. The Baleycourt facility processes approximately 400,000 tons of seeds per year; Valtris will retain and operate its specialty additives business co-located at the site as it focuses on its core portfolio.

American Industrial Partners (AIP) has completed the $1.5 billion acquisition of International Paper's Global Cellulose Fibers (GCF) business, with part of the consideration issued as preferred stock carrying a $190 million initial liquidation preference. GCF, headquartered in Memphis, Tennessee, will operate as an independent company and reported approximately $2.3 billion in 2024 revenue with about 3,300 employees and nine manufacturing facilities across the U.S., Canada, and Poland.

Arcadia Paper Mills, LLC completed the purchase of the former Boise paper mill in St. Helens, Oregon from the City of St. Helens as the first step in reactivating the industrial site. The newly formed company plans to produce paper towels and napkins at the facility and has already hired 15 local workers to begin recommissioning the mill.

Royal Van Leeuwen has acquired the global business activities of Corrotherm International, including its office, warehouse, inventory and specialist team in Amersfoort, the Netherlands. The deal brings niche nickel-alloy seamless pipes, fittings and flanges capabilities into Van Leeuwen's materials portfolio to strengthen its offering to customers in the energy, oil & gas and petrochemical markets.

Amphenol Corporation has completed the acquisition of CommScope's Connectivity and Cable Solutions (CCS) business. The transaction brings approximately 20,000 CCS employees and expected full-year 2026 sales of about $4.1 billion to Amphenol, expanding its fiber‑optic interconnect and industrial interconnect product offerings; CommScope is divesting CCS to repay debt, redeem preferred equity and reposition its remaining business as Vistance Networks.

Pixelworks, Inc. has completed the sale of its shares in Pixelworks Semiconductor Technology (Shanghai) Co., Ltd. to a special purpose entity led by VeriSilicon Microelectronics (Shanghai) Co., Ltd. Pixelworks received approximately RMB 357 million (about $51 million USD) in cash proceeds (net of transaction costs and China withholding taxes) with an additional ~RMB 8.7 million (~$1.2 million USD) held in escrow pending resolution of certain tax matters.

Westlake Corporation has completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group (collectively, "ACI"). The deal expands Westlake Global Compounds' manufacturing footprint into Portugal, Romania and Tunisia (adding to Mexico) and brings new specialty products and advanced technologies to Westlake's Housing & Infrastructure Products business.

Technip Energies has completed the acquisition of Ecovyst’s Advanced Materials & Catalysts (AM&C) segment in a transaction reported around $556 million, bringing approximately 330 AM&C employees into Technip. Ecovyst expects net proceeds of about $530 million (using $465 million to pay down term debt), while Technip said the deal expands its catalysts and advanced materials capabilities to support sustainable fuels, circular chemistry and carbon-capture applications.

Davis-Standard announced the amalgamation of its Canadian specialty brands Deacro Industries Ltd., Brampton Engineering Inc., and Gamma Machinery into a single operating entity, Davis-Standard Canada Inc., effective January 1, 2026. The consolidation is intended to combine engineering and product capabilities, improve operational efficiency, and provide integrated global service and aftermarket support to customers in packaging, medical and other end markets.

Allison Transmission Holdings, Inc. completed the acquisition of the Off-Highway Drive & Motion Systems business of Dana Incorporated for $2.7 billion, creating a combined enterprise with expanded product offerings and global reach. The divestiture provides Dana with proceeds to reduce debt and return capital to shareholders while Allison gains scale, new end-market exposure (agriculture, construction, mining) and expected synergies and immediate accretion to earnings.