Top 10 Materials Transactions (March 2026)

Top 10 Materials Transactions (March 2026)

Top 10 Materials Transactions (March 2026)
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For deal sourcers, staying current on private company activity is critical to spotting active buyers, tracking market trends, and uncovering emerging investment opportunities ahead of competitors.

In March alone, we added more than 1,800 new private company transactions, bringing the total to over 19,000 searchable deals across sectors, industries, and transaction types in Dakota Marketplace.

Inside Dakota Marketplace, you’ll find the transactions tab that provides structured, filterable data on deal types, values, and dates, while our editorial team curates daily updates through the dakota transactions newsletter, helping you cut through the noise and focus on what matters most.

To ensure the most comprehensive coverage of private market activity, Dakota monitors over 10,000 websites including company websites, newswires, and numerous third-party news providers to capture and verify transaction data as it happens.

Below are the top 10 material transactions.

1. New Gold - Strategic Acquisition

  • Transaction Date: 3/20/2026
  • Industry: Metals & Mining
  • Type: Acquisition/Merger
  • Transaction Value: $7B

Coeur Mining completed its all-stock acquisition of New Gold — with New Gold shareholders receiving 0.4959 Coeur shares per share — creating a 100% North American senior precious metals producer with seven wholly-owned operations, an approximately $20 billion combined market capitalization, and projected 2026 EBITDA of ~$3 billion and free cash flow of ~$2 billion. The combination adds New Gold's New Afton copper-gold mine and Rainy River gold mine in Canada to Coeur's existing five-mine portfolio, positioning the combined company among the top 10 largest precious metals companies and top 5 largest silver producers globally.

2. Arizona Sonoran Copper Company - Strategic Acquisition

  • Transaction Date: 3/2/2026
  • Industry: Metals & Mining
  • Type: Acquisition/Merger
  • Transaction Value: $1.48B

Hudbay Minerals announced a definitive all-stock agreement to acquire Arizona Sonoran Copper Company (ASCU) at 0.242 Hudbay shares per ASCU share — implying C$9.35 per share and a ~US$1.48 billion equity value — representing a 30% premium to ASCU's closing price, to gain full ownership of the Cactus copper project in southern Arizona. The acquisition combines Cactus with Hudbay's existing Copper World project to create the third largest copper district in North America, with a pathway to scale annual copper production from ~125,000 tonnes today to more than 350,000 tonnes over time while positioning Hudbay as a leading domestic U.S. refined copper supplier.

3. Envalior - Strategic Acquisition

  • Transaction Date: 3/6/2026
  • Industry: Chemicals
  • Type: Acquisition/Merger
  • Transaction Value: $1.42B

Advent International walked away from its planned acquisition of Lanxess's ~41% stake in Envalior — the engineering plastics joint venture formed in 2023 — at a base purchase price of approximately €1.2 billion, marking one of the first deal collapses attributed to geopolitical and financing uncertainty following the outbreak of the Middle East air war. Under the existing shareholder agreement, Advent retains the right to acquire the stake in 2027, while Lanxess regains the right to re-tender its shares in 2028 — at which point Advent is contractually obligated to acquire at least 50% of Lanxess's position regardless of financing conditions.

4. Rio Tinto Group - Financing Package

  • Transaction Date: 3/10/2026
  • Industry: Metals & Mining
  • Type: Credit
  • Transaction Value: $1.175B

Rio Tinto secured a $1.175 billion financing package from four international lenders — IFC, IDB Invest, Export Finance Australia, and JBIC — to support development of the Rincon lithium project in Argentina's Salta Province, part of a total $2.5 billion project investment. The project is targeting approximately 60,000 tonnes of annual battery-grade lithium carbonate capacity, with first production expected in 2028, a three-year ramp-up to full capacity, and a 40-year mine life.

5. Indovida - Merger

  • Transaction Date: 3/29/2026
  • Industry: Containers & Packaging
  • Type: Acquisition/Merger
  • Transaction Value: $700M

EPL Ltd agreed to merge with Indovida (backed by Thailand's Indorama Ventures) in a deal valuing the combined packaging business at approximately $2 billion — EPL at ~$1.2 billion and Indovida at ~$700 million — creating a combined group uniting EPL's packaging operations with Indovida's plastics portfolio. Following the merger, Indorama Ventures will hold a 51.8% co-promoter stake while existing EPL backer Blackstone will retain approximately 16.6%, with the transaction expected to close within about a year subject to regulatory, shareholder, and court approvals.

6. ISEM Bramucci - Secondary Buyout

  • Transaction Date: 3/5/2026
  • Industry: Containers & Packaging
  • Type: Buyout/Private Equity
  • Transaction Value: $191.65M

2PointZero Group (formerly Multiply Group) completed its majority acquisition of ISEM Packaging Group, an Italy-based luxury packaging leader founded in 1949, for AED 704 million — securing a 60.8% stake alongside existing investor Peninsula Capital's 39.2% — establishing packaging as 2PointZero's sixth consumer-focused vertical. The Bologna-headquartered ISEM serves blue-chip luxury clients including LVMH, Gucci, L'Oréal, and Puig across 11 manufacturing plants, with the partnership targeting geographic expansion, AI and digital integration, and targeted M&A to accelerate ISEM's global growth.

7. Traçim Çimento - Strategic Acquisition

  • Transaction Date: 3/5/2026
  • Industry: Construction Materials
  • Type: Acquisition/Merger
  • Transaction Value: $190M

TITAN Group completed its acquisition of Traçim Çimento, a fully integrated cement plant in the greater Istanbul market with approximately 2.5 million tonnes of annual capacity — and permits for a second production line adding another 2.5 million tonnes — alongside a 50% stake in a 100MW solar joint venture with Caba Energy Group for €34 million. The combined acquisition is expected to contribute more than €120 million in sales and over €50 million in EBITDA by 2027, advancing TITAN's Forward 2029 strategy of capacity expansion and footprint optimization in one of Türkiye's most dynamic cement markets.

8. Suyang Chemtech - Platform

  • Transaction Date: 3/18/2026
  • Industry: Chemicals
  • Type: Buyout/Private Equity
  • Transaction Value: $34.7M

SKS Private Equity and Shinhan Investment Corp. acquired a 60% stake in Sooyang Chemtech, a South Korean specialty chemical materials company, for ₩50 billion (~$34.7 million) through a newly formed special purpose vehicle, with strategic investor Dongsung Chemical contributing ₩20 billion (40% of committed capital) and receiving preemptive purchase rights that provide a clear exit pathway for financial investors. The seller retained a 16.9% stake to support management continuity, while Dongsung Chemical's expanding semiconductor materials business is expected to generate meaningful synergies with Sooyang Chemtech's specialty chemicals platform.

9. Electra - Venture Debt Facility

  • Transaction Date: 3/10/2026
  • Industry: Metals & Mining
  • Type: Credit
  • Transaction Value: $30M

Electra secured a $30 million venture debt facility from J.P. Morgan to fund planning and preparation for its first commercial clean iron facility, building on significant 2025 capital raises including a $186 million Series B, a $50 million Breakthrough Energy Catalyst award, and advanced purchase orders with steel industry leaders Nucor, Toyota Tsusho, and INTERFER. The Colorado-based company uses electrowinning technology to convert iron ores into 99% pure iron for high-grade steel and battery applications, targeting commercial scale by end of the decade.

10. PlasmaLeap Technologies - Series A

  • Transaction Date: 3/2/2026
  • Industry: Chemicals
  • Type: Venture
  • Transaction Value: $20M

PlasmaLeap Technologies raised A$30 million (~US$20 million) in a Series A round led by the Gates Foundation, Investible, and Yara Growth Ventures — alongside GrainCorp Ventures, Twynam, and others — to advance zero-emissions production of ammonia and nitric acid using only air, water, and renewable electricity. Proceeds will fund first-of-a-kind fertiliser hubs in New South Wales and Tasmania and expand field trials, as PlasmaLeap targets the ~$69 billion global ammonia market with its modular, distributed technology that enables farmers to produce sustainable nitrogen fertiliser on-farm while significantly reducing emissions across the fertiliser supply chain.

Transactions in Dakota Marketplace

At Dakota, we understand how important it is to stay current on deal activity as it happens. That’s why our editorial team continuously monitors the news for real-time updates on platform investments, add-ons, divestitures, and more to deliver daily highlights straight to your inbox through our transactions newsletter.

Inside Dakota Marketplace, the transactions tab provides structured, filterable data with deal dates, types, sectors, and financials, allowing you to build a customized feed that aligns with your focus areas.

Whether you're evaluating a new investment opportunity or tracking trends within a target sector, Dakota Marketplace helps you cut through the noise and focus on what matters most.

For more information on these transactions and a deeper dive into their industries and sub-industries, book a demo of Dakota Marketplace.

Cate Costin, Marketing Associate

Written By: Cate Costin, Marketing Associate