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Weekly Digest May 6

Weekly M&A Digest
A curated selection of transactions and deals from the past week.
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Deal Summary

Mondelēz International to Acquire Ricolino

Mondelēz International (Nasdaq: MDLZ), an American multinational confectionery, food, beverage, and snack food company, announced the acquisition of Mexico’s leading confectionery company Ricolino, from Grupo Bimbo. Ricolino is a growing business with a leading confectionery position in Mexico. The acquisition will transform Mondelēz International’s business in the high-priority Mexico market to accelerate growth and scale in core snacking categories.

“This acquisition will provide a step change for our business in Mexico, an important growth market for us, more than tripling our routes to market and growing our position in core snacking categories…We are thrilled to welcome Ricolino’s talented people and amazing brands into the Mondelēz International family.” - Dirk Van de Put, Chairman and CEO at Mondelēz International.

Avient Corporation to acquire DSM Protective Materials

Avient Corporation (NYSE: AVNT), a provider of specialized and sustainable material solutions, announced the acquisition of the DSM Protective Materials business from Royal DSM, for $1.485 billion.

"We are thrilled to add the Dyneema® brand and its unique technologies to Avient, further expanding our growing composites portfolio…For 10 years, we have been building our advanced composites platform by focusing on high-performance materials for applications where failure is not an option. The addition of the Dyneema portfolio will raise Avient's material offerings to the highest levels on the performance spectrum of composites and engineered fibers." - Robert M. Patterson, Chairman, President and CEO at Avient Corporation.

Allegion to Acquire Stanley Black & Decker’s Access Technologies Business

Allegion plc (NYSE: ALLE), a global security products and solutions provider announced the acquisition of Stanley Access Technologies LLC and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. (NYSE: SWK) for $900 million. Access Technologies is a leading manufacturer, installer, and service provider of automatic doors in North America, primarily in the United States and Canada.

“We are excited to add the Access Technologies business to our portfolio of solutions…With this acquisition, we will expand in an adjacent market segment, ultimately providing customers and end users with a more comprehensive offering for seamless access wherever they reside, work and thrive. Combining Access Technologies’ high-quality products and services with our ability to deliver value through access will significantly expand our core business and accelerate growth. Access Technologies shares a strong track record of innovation and is a market leader in its category. We look forward to welcoming the team to the Allegion family and unlocking greater value for our customers and our shareholders.” - David D. Petratis, chairman, president and CEO at Allegion.

Arcline Investment to acquire Omega Engineering from Spectris

Arcline Investment Management, a private equity firm, announced the acquisition of Omega Engineering Inc. (“Omega”), an American instrumentation company, from Spectris plc (LSE: SXS), for $525 million. Omega is a leading provider of sensing, control, and monitoring technologies and will be joining the Dwyer Group of companies, and Arcline portfolio company.

“Omega is a tremendous addition to the Dwyer Group of companies, bringing a highly respected brand and a broad, world-class product portfolio…Dwyer and Omega offer complementary sensing and instrumentation products with a similar value proposition, meeting customers’ unique needs with high-quality, configured products. The businesses together offer an unmatched breadth of products and technical expertise, which we believe will provide significant value to our customers and partners. We are excited to work with the Omega team to drive growth in the combined businesses.” - Chuck Dubois, CEO at Dwyer.

Applied Composites to acquire North Coast Composites and North Coast Tool & Mold from Unitech

Applied Composites Holdings, LLC, a leading aerospace, space, and defense composites supplier, announced the acquisition of The Companies of North Coast, LLC, a manufacturer of Resin Transfer Molded (“RTM”) composite structures and tooling, from Unitech Holdings, Inc. This marks the sixth acquisition by the Applied Composites platform.

“We are excited for North Coast to become a part of Applied Composites…North Coast’s best-in-class RTM and tooling capabilities are important to Applied Composites and help to reinforce our leadership position in advanced composite solutions throughout our core aerospace, defense and space markets.” - David Horner, CEO at Applied Composites.

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