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Iris Dorbian

Layne Christensen Company said Thursday that it has sold SolemeteX to Gemini Investors, Riviera Investment Group and the management team of the SolemeteX division. No financial terms were disclosed about the transaction, which was completed on July 31, 2013. Based in Northborough, Mass., SolemeteX is a provider of dental amalgam separator devices.
Pancon Corp., a portfolio company of Milestone Partners, has acquired Sunstone Components Group. No financial terms were disclosed for the transaction, which closed August 2, 2013. Based in Temecula, Calif., Sunstone is a provider of insert-molded components and precision metal stampings.
Textile company Brand & Oppenheimer Co. has hired David Mackney as specialty fabrics business manager. Prior to joining B & O, Mackney served as director of sales and marketing for the specialty products group at Guilford Mills. Based in Red Bank, NJ, B & O is owned by B&O management, Praesidian Capital and StoneCreek Capital.
The Riverside Company has sold Capol to Freudenberg Chemical Specialties. No financial terms were disclosed. Heer and Blomqvist led the transaction while KPMG and Watson Farley & Williams advised Riverside on the sale of Capol. Based in Elmshorn, Germany, Capol is a provider of confectionary coatings.
Devcon Security International, a portfolio company of Golden Gate Capital, has sold Devcon Security Holdings to The ADT Corp. for $148.5 million in cash. Imperial Capital served as financial advisor to Devcon Security International for the transaction, which closed on August 2, 2013. Devcon is an alarm monitoring company serving the Florida and New York markets.
TruckPro, a portfolio company of Harvest Partners, has acquired CCI Corp. from Illinois Tool Works. No financial terms were disclosed. Madison Capital Funding, JPMorgan Chase Bank, CIT Finance, Ally Commercial Finance and NXT Capital provided senior debt financing for the transaction. Guggenheim Corporate Funding provided subordinated debt financing while White & Case served as advisor to TruckPro. CCI is a provider of commercial vehicle parts with 100 retail stores, service shops and distribution center locations in the U.S. and Canada.
Illinois-based TreeHouse Foods said Thursday that it has entered into an agreement with TorQuest Partners, a Canadian private equity firm and other shareholders to acquire Associated Brands GP Corp. for approximately $180 million. The transaction is expected to close in the third quarter of 2013 and will be financed by TreeHouse's existing $750 million credit facility. Wells Fargo Securities is serving as financial advisor to TreeHouse on the transaction while BMO Capital Markets Corp. is advising Associated Brands and TorQuest Partners. Headquartered in Ontario, Canada, Associated Brands is a provider of powdered drinks, specialty teas and sweeteners.
Winchester Electronics Corp., a portfolio company of Audax Private Equity, said Wednesday that it has closed its acquisition of Bomar Interconnect Products. No financial terms were disclosed. Headquartered in Ledgewood, NJ, Bomar is a producer of RF connectors for the RF, video, broadcast and wireless markets.
ZOZI said Wednesday that it has acquired TripFlavor. No financial terms were disclosed. TripFlavor is a reservation system provider of tours and activities. Based in San Francisco, Calif., ZOZI is a booking provider of unusual travel experiences. It is backed by a number of investors that include Forerunner Ventures, Par Capital Partners, LaunchCapital, the Pritzker/Vlock Family Office and 500Startups.
NICE Systems, a provider of software solutions, has inked an agreement to buy Causata. No financial terms were disclosed. The transaction is expected to close in a few days. Headquartered in San Mateo, Calif., Causata, which was backed by Accel Partners, is a provider of customer experience management software.
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