Smiths Group plc Acquires Duc-Pac Corporation

DiversiTech Acquires Packard

March 5, 2021

HVAC & Mechanical

DiversiTech Corporation has acquired Packard, Inc., a supplier of electrical aftermarket and OEM components for the HVAC/R industry. The deal expands DiversiTech’s product portfolio in HVAC/R electrical components and strengthens its supply-chain offering for wholesalers and OEM customers.

Vonco Products Acquires Flex-Pak Packaging Products

January 13, 2022

Manufacturing

Vonco Products LLC acquired Flex-Pak Packaging Products, Inc., a Batavia, Illinois-based specialist in flexible barrier packaging and sterile DuPont Tyvek pouches. The acquisition, which closed December 31, 2021, expands Vonco's contract manufacturing capabilities for healthcare and consumer markets by adding sterile barrier pouch expertise and complementary packaging services.

Danfoss Acquires Palladio Compressors

October 1, 2025

Manufacturing

Danfoss has acquired Palladio Compressors Srl to add screw-compressor technology to its portfolio, supporting large-scale HVAC/R systems and high‑temperature heat pumps. The deal integrates Palladio’s efficient screw compressors — designed for natural and low‑GWP refrigerants — into Danfoss’s broader compressor, valves, controls and heat‑exchanger offering to expand capabilities and address mid‑range energy applications.

ACR (AmerCareRoyal) Acquires Mat-Pac, Inc.

October 9, 2024

Packaging

ACR (AmerCareRoyal), a portfolio company of HCI Equity Partners, has acquired Mat-Pac, Inc., a supplier of paper, plastic, aluminum and sustainable packaging solutions for the North American foodservice and janitorial/sanitation markets. The add-on strengthens ACR's product portfolio, expands its reach across foodservice and JanSan end markets, and retains the Mat-Pac leadership (the Jimenez family) in an ongoing role.

PPC Flex Acquires SÜDPACK's US Operations

January 12, 2026

Packaging

PPC Flex, a GTCR‑sponsored North American flexible packaging platform, has acquired the United States operations of SÜDPACK, including a manufacturing facility in Oak Creek, Wisconsin. The deal expands PPC Flex’s flexographic printing, conversion and cold‑seal capabilities and increases capacity to serve meat & cheese, snack, confectionary and healthcare packaged‑goods customers.

SPX Technologies Acquires Thermolec

January 20, 2026

Manufacturing

SPX Technologies has completed the acquisition of Montréal-based Thermolec Ltd. for CA$195 million (approximately US$140 million). Thermolec, a manufacturer of custom electric duct heating and related HVAC solutions with nearly 200 employees and about US$35 million in annual revenue, will join SPX's HVAC Electric Heat business to expand product capabilities and grow sales in the U.S. and Canada.