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Industrial/Manufacturing

INVL Baltic Sea Growth Fund has acquired a majority stake in Montuotojas AB, a Lithuanian metal processing and industrial construction company. No financial terms were disclosed.
Meridian Adhesives Group, a portfolio company of Arsenal Capital Partners, said July 2 that it acquired PolyCom Industries LLC and its affiliate Eco Dispersions LLC. Financial terms weren’t announced. PolyCom and Eco make industrial adhesives and coatings.
FloWorks International LLC, a portfolio company of Clearlake Capital Group, said July 2 that it sold MultAlloy, J&J Alloy and J&J Bar operations, to Texas Pipe & Supply. Financial terms weren’t announced.
Gryphon Technologies Inc, a portfolio company of AE Industrial Partners, said July 2 that it acquired PGFM Solutions LLC. Financial terms weren’t announced. PGFM, of Sewell, New Jersey, provides engineering services to perform risk assessment for machinery control systems, electromagnetic compatibility, navigation, and integrated bridge systems.
H.I.G. Europe has acquired a controlling stake in Metalprint, an Italian manufacturer of forged brass and aluminium industrial components. No financial terms were disclosed.
Searchlight Capital has made a $414 million bid to acquire French aeronautics company Latecoere, reported Reuters. Latecoere says it will examine the offer.
Marco Group International, a portfolio company of The CapStreet Group, has acquired Manus Abrasive Systems, a Canadian manufacturer and distributor of surface preparation equipment, abrasive materials and consumables. No financial terms were disclosed.
Ideal Tridon, which is backed by Snow Phipps, has acquired ZSi-Foster from Pfingsten Partners. No financial terms were disclosed. Based in Canton, Michigan, ZSi-Foster is a specialty manufacturer and supplier of pipe, hose and conduit support and fastening solutions.
VLS Recovery, a portfolio company of Aurora Capital Partners, has acquired Tubal-Cain's cleaning and repair division. Also, VLC has acquired Tubal-Cain's industrial services division. No financial terms were disclosed. The Tubal-Cain facilities will be renamed VLS Marine Services.
Dunes Point Capital LP has made an investment in Pennsauken, New Jersey-based Unified Door and Hardware Group LLC, a provider of doors and hardware for commercial, multi-family, healthcare, hospitality, government, education, public and industrial end market sectors. No financial terms were disclosed. Alvarez & Marsal Transaction Advisory Group LLC was financial adviser to DPC on the transaction while Mufson Howe Hunter & Co. LLC did likewise for Unified.
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