Avantium N.V. signed a conditional offtake agreement under which Plastipak Packaging will buy bio-based PEF polymer from Avantium's FDCA Flagship Plant for beverage and food packaging in the United States.
Liebherr and Fortescue signed a deal at MINExpo 2024 for 475 zero emission mining machines, including 360 battery-electric T 264 trucks, 55 R 9400 E electric excavators, and 60 battery PR 776 dozers, with jointly developed zero emission technology.
Alloy Enterprises expanded its headquarters and fabrication facility in Burlington, Massachusetts, doubling production area and adding Stack Forging equipment, more than doubling production capacity. A second shift of operators was added.
Axxence Aromatic GmbH and Natural Advantage signed a definitive agreement to combine their businesses on 9 October 2024, creating a global leader in natural aroma ingredients. The group will generate approximately €60 million in combined revenues.
MEI Rigging & Crating, a portfolio company of Olympus Partners, acquired Coast Rigging and Machinery Moving, a provider of rigging and machinery moving services based in Charlotte, North Carolina. The acquisition strengthens MEI's operations in the Carolinas and the Southeast.
Graphic Packaging International is building a recycled paperboard manufacturing facility in Waco, Texas, with machine installation underway. The site is on track to ramp up in late 2025.
SupplyOne, a North American packaging distributor, has acquired Gulf Packaging, a corrugated box converter with production facilities in Bay Minette and Tallassee, Alabama. The deal strengthens SupplyOne's presence in the Southeast.
Rx Bandz, a medical device company, was awarded two development contracts totaling $23 million by the Air Force Research Laboratory on behalf of the Air Force Medical Readiness Agency to deliver ketamine and hydromorphone in its MiniJect auto-injector.
Daikin Applied announced a majority investment in Varitec Solutions, a Phoenix-based leader in designing and installing large-scale HVAC systems for commercial buildings.
Caldera Medical, a women's health devices company, has acquired UVision 360, developer of the Luminelle hysteroscopy and cystoscopy systems. The acquisition expands Caldera's minimally invasive hysteroscopy portfolio.
Aqua Membranes announced a new round of funding led by Burnt Island Ventures to expand production of reverse osmosis membrane elements. Funds will be used to establish a new manufacturing facility in Knoxville, Tennessee, and increase capacity.
LG Energy Solution announced on October 8, 2024 a contract to supply 50.5 GWh of EV batteries to a subsidiary of Mercedes-Benz, starting in 2028 over 10 years. The batteries are likely 46-series cylindrical cells to be produced at LG's new Arizona plant.
The Timken Company completed its acquisition of CGI, Inc., a Nevada-based manufacturer of precision drive systems for automation markets including medical robotics.
Sysmex America announced a $20.6 million investment to expand its northeastern Illinois facilities that develop medical diagnostic equipment.
Logiq, Inc. announces a definitive agreement to acquire EVIMATE, a medical device innovator, for $5 million in a share exchange. EVIMATE will become a wholly owned subsidiary of Logiq.
Palladyne AI Corp. completed Phase I of a multi-million-dollar contract with the Air Logistics Complex at Warner Robins Air Force Base in Georgia. Phase II will continue integration of Palladyne IQ software for media blasting of complex aircraft components. The four-year effort is valued at $13.8 million.
Sparkz Inc. announced a $280 million agreement to supply battery technology and materials to electric motorcycle company Ryvid Inc. over five years from its Sacramento factory.
Northrop Grumman Systems Corp. was awarded a $10,768,532 firm-fixed-price contract by the U.S. Navy to procure a lifetime quantity of 4-inch silicon carbide transistor wafers for the APY-9 RADAR on the E-2D aircraft. Work will be performed in Durham, North Carolina and Baltimore, Maryland, with completion expected by February 2027.
Jet Parts Engineering (JPE), a portfolio company of Vance Street Capital, has acquired the PMA division of Mitchell Aircraft. The acquisition expands JPE's portfolio of FAA-approved replacement parts for commercial aircraft.
Aerospace Composites Solutions (ACS) is constructing a new 150,000-square-foot manufacturing facility in Morgantown, Kentucky, as part of a $16.8 million expansion and relocation. The facility is expected to be completed by the end of 2024.
Sustainea and Primient announced a co-location partnership for Sustainea's first Bio-MEG plant in Lafayette, Indiana. The facility represents an investment of around $400 million and will produce renewable, plant-based monoethylene glycol using corn dextrose from Primient's adjacent facility.
Holcim has signed an agreement to acquire OX Engineered Products, a U.S. provider of advanced insulation systems, with 2024E net sales of USD 136 million.
Pursuit Aerospace has completed the acquisitions of Prescott Precision Die, an Arizona-based manufacturer of turbine engine components, and Merc Aerospace, a UK-based precision machining services provider.
RTI Surgical has entered into an agreement to acquire Collagen Solutions, a supplier of engineered medical-grade collagen and xenograft tissue, expanding its soft tissue portfolio.
Able Medical Devices will construct a new 30,000 sq. ft. manufacturing facility in Marquette, Michigan, creating 40 jobs and generating nearly $13 million in capital investment. The project received a $500,000 Michigan Business Development Program grant.
Aalberts N.V. reached an agreement to acquire 100% of Steel Goode Products LLC, a provider of thermal spray coating and finishing services with facilities in Texas and Ohio, generating approximately USD 15 million in annual revenue.
TechnipFMC has been awarded an integrated EPCI contract by bp for the greenfield Kaskida development in the Gulf of Mexico, covering 20K subsea trees, manifolds, umbilicals, risers and flowlines.
TTM Technologies held a beam-signing ceremony for its $130 million expansion project in DeWitt, New York. The new facility will produce ultra high-density interconnect printed circuit boards for U.S. military applications and is expected to create 400 new jobs.
CG Power and Industrial Solutions signed an asset purchase agreement to acquire the Radio Frequency components business of Renesas Electronics America Inc for $36 million. The acquisition includes IP, tangible assets, and employees, and is expected to close in about 6 months.
Taihan Cable & Solution has been selected as the cable supplier for a 320kV VSC-HVDC and 500kV HVAC power project in the United States, awarded by LS Power Grid California. The contract is valued at approximately KRW 90 billion ($66.6 million).
MOBIS, a Hyundai supplier, broke ground on a $52 million expansion project in Montgomery, Alabama. The 460,000-square-foot building will produce parts for Hyundai and KIA, creating 27 new jobs.
Apollo Global Management is in talks to acquire Barnes Group, a manufacturer of aerospace components, for over $45 per share, valuing the company at about $2 billion. Barnes has a market value of approximately $2 billion.
Ventcon, Detroit's largest sheet metal contractor, expanded by converting warehouses into sheet metal shops in Jackson, Tennessee, and Marshall and Livonia, Michigan, to meet demand from American manufacturing megaprojects.
Amkor Technology and TSMC signed a memorandum of understanding to collaborate on advanced packaging and test capabilities in Arizona. TSMC will contract turnkey advanced packaging and test services from Amkor's planned facility in Peoria, Arizona.
Newterra has expanded its production and service footprint with facility upgrades and new locations, including a new global headquarters in Coraopolis, PA, a service center in Bridgeville, PA, and increased capacity in Chaska, MN, San Luis Obispo, CA, Heber Springs, AR, and Brockville, Ontario.
The US Defense Health Agency awarded a $96.1 million firm-fixed-price contract to Ouraring Inc. for its third-generation biometric sensor devices and services. The contract covers smart rings and data analysis for military medical treatment facilities.
Boeing secured a $251.4 million modification contract from the Defense Logistics Agency Aviation to produce fan duct transactional spares for KC-135 aerial refueling tanker aircraft. The award was announced on October 3, 2024.
XFS Global, LLC acquired HeyTex USA, Inc., manufacturer of Bondcote performance engineered fabrics. HeyTex has about 60 employees and is headquartered in Pulaski, Virginia.
AUC Group, a member of Seven Seas Water Group, has acquired key assets of WAWCON, Inc., a manufacturer of clarifier internals. The acquisition expands AUC's design capabilities for larger water and wastewater treatment plants.
Haas Automation broke ground on a new manufacturing plant in Henderson, Nevada. The facility is expected to hire hundreds of workers.
Dedienne Aerospace of France acquired The Champion GSE, a Springfield, Ohio manufacturer of containers for ground support equipment. Dedienne plans to hire 60 to 80 more people over the next three years and may move to a larger plant.
EA Engineering, Science, and Technology Inc. was awarded contract orders valued at more than $6 million by the State of Michigan for environmental investigations and studies along the Detroit River.
AECOM was selected by the City of Austin as prime consultant for the expansion of the Walnut Creek Wastewater Treatment Plant in Austin, Texas. The project will increase capacity from 75 MGD to 100 MGD.
Palmetto Brick announced a $5 million expansion of its Wallace, South Carolina plant to install a new robotic packaging system, making it one of the most technologically advanced brick manufacturers in the country. The expansion will save 25 jobs.
Raytheon was awarded a $20,763,286 cost-plus-fixed-fee delivery order by the U.S. Navy to provide engineering and software support for V-22 avionics and flight control systems. Work will be performed in Indianapolis, Indiana, and is expected to be completed by December 2026.
Evonik broke ground on an expansion of its Berkeley County, South Carolina plant to increase precipitated silica production by 50%. The investment is about $57 million, and the new line is expected to take about two years to complete.
Amsel Medical Corporation has been awarded a $7.45 million sole-source SBIR Phase III contract by the U.S. Air Force to commercialize its SCureTO hemorrhage control device for combat casualty care.
ProMach, a packaging machinery leader, acquired HMC Products, a manufacturer of horizontal form fill seal machines. The deal strengthens ProMach's flexible packaging portfolio.
Raytheon has won a $192 million contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion (NGJ-MBX) upgrade. Work will take place across multiple U.S. locations through 2027.
Nippon Steel Corporation entered into an Equity Purchase Agreement to transfer all shares of its wholly owned subsidiary NS Kote, Inc. to ArcelorMittal S.A., substantially concurrent with the closing of Nippon Steel's pending acquisition of United States Steel Corporation.