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Shanghai Kangda New Materials has reached an agreement to acquire up to 30% stake in Chengdu BIK Technology from Liu Lan in a cash deal.

The acquisition priced between CNY4.13 ($0.61) and CNY7.34 ($1.08) a share.

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The acquirer company produces and sells adhesives, while the target company develops software, electronic instrument, and domestic appliances.

All companies involved in the transaction are based in China.

Private equity firm O2 Investment Partners has completed its acquisition of Packaging Specialists Incorporated (PSI).

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A provider of foam and wood-protective packaging, the target company will be rolled into the acquirer’s portfolio company Packaging Concepts & Design.

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"Private equity firm O2 Investment Partners has completed its acquisition of Packaging Specialists Incorporated (PSI)."

Both companies involved in the transaction are based in the US.

China-based Truking Group has announced the acquisition of a 75.1% share in Romaco Group from Deutsche Beteiligungs (DBAG), following a sales agreement made between DBAG and Truking Group in April 2017.

Under the agreement, Truking will also gain control of the remaining 24.9% shares in Romaco within the next three years.

The target company develops packaging and processing technologies for the pharmaceuticals industry at its production facilities in Karlsruhe and Bologna.