Elgi Compressors USA, a subsidiary of Elgi Equipments, decided to sell its entire stake in the Compressed Air Solutions of Texas joint venture to its partner for $154,586, with closure expected by October 31, 2024.
Polar Semiconductor received a $123 million contract from the U.S. Department of Commerce under the CHIPS Incentives Program to expand and modernize its Bloomington, Minnesota facility, doubling production of sensors and power chips and creating over 160 jobs.
Apogee Enterprises entered a definitive agreement to acquire UW Solutions from Heartwood Partners for $240 million in cash. UW Solutions is a manufacturer of high-performance coated substrates for building products and graphic arts markets.
Blue Polymers, a joint venture between Republic Services and Ravago, broke ground on its second plastics recycling facility in Buckeye, Arizona. The 162,000-square-foot plant will specialize in recycled PE and PP and is expected to open in the second half of 2025.
German automotive supplier LÄPPLE AUTOMOTIVE is establishing a new production plant in Detroit, Michigan, with mid-double-digit million euro investment. The 25,000 sqm facility will initially focus on spare parts production, with production start planned for November 2024.
Total has formed a strategic partnership with PureCycle Technologies to purchase output from PureCycle's future US facility and assess building a joint plant in Europe. PureCycle's first plant in Ohio will produce 48,000 tons of recycled polypropylene annually.
Wärtsilä will supply engineering and equipment for a new 75 MW natural gas power plant in Madisonville, Kentucky, ordered by Kentucky Municipal Energy Agency (KYMEA). The plant will use four Wärtsilä 50SG engines and is expected to be fully operational in spring 2027.
Metso has signed an agreement to acquire Diamond Z and Screen Machine Industries from Crane Group, an Ohio-based family-owned investment company. The two businesses employ approximately 190 people and are located in Caldwell, Idaho and Etna, Ohio.
Vestas completed expansion of its blade factory in Windsor and nacelle factory in Brighton, Colorado, as part of a $40 million investment. The expansions support production of the new V163-4.5 MW wind turbine, with longer blades of 264 feet.
Carton Service is expanding its liquid packaging production facility in Shelby, Ohio, with over $10 million in new printing, sealing and lab equipment and plans to add 20% more staff.
Geis Development is constructing a 220,000-square-foot manufacturing facility for Viega in Shalersville, Ohio, representing about $200 million of investment. Construction began in November 2023 and completion is expected in early 2025.
Allegiance Crane & Equipment completed the acquisition of Scott-Macon, parent company of Scott-Macon Equipment, a dealer for Tadano, Broderson and Kobelco cranes. Scott-Macon will serve as the bare rental and equipment distribution arm of Allegiance.
Bavarian Nordic received a USD 63 million order from BARDA to manufacture bulk product and 1 million freeze-dried doses of JYNNEOS smallpox/mpox vaccine. Bulk production is planned for 2025, with freeze-dried doses delivered in 2026.
Paradigm Mechanical Corp., a building mechanical systems contractor, acquired San Diego Refrigeration, a refrigeration and HVAC company with over 35 years of experience. The acquisition aims to enhance Paradigm's service offerings and expand its market presence in San Diego.
Saltworks Technologies delivered a 3x scaled-up BrineRefine plant with capacity of 3000-4500 m³/day to a major semiconductor facility in the USA, tripling the capacity of its previous system.
Senzime AB secured an initial purchasing contract with a hospital of a top 5 US-based Integrated Delivery Network on the US East Coast for the installation and use of its TetraGraph neuromuscular monitoring system in all operating rooms.
Polar Semiconductor expects to invest approximately $525 million in expanding its Bloomington, Minnesota manufacturing facility over the next two years, doubling production capacity and adding capabilities in compound semiconductors, sensors, and advanced power semiconductors.
Zekelman Industries is developing a $3.9 million steel tube-finishing plant in Birmingham, Alabama, to perform finishing processes on torque tubes produced at the Atlas site.
Atlas Tube Incorporated is preparing $2.3 million in upgrades to its tubing mill in Birmingham, Alabama, to meet rising demand from the solar-power market.
Zekelman Industries, through its subsidiary Atlas Tube Incorporated, is undertaking a $120 million expansion of its tubing mill in Blytheville, Arkansas, to add capacity for inline steel tube galvanizing products in sizes not currently available in the U.S. or Canada.
German auto parts manufacturer Laepple Automotive will establish its new U.S. headquarters at a historic manufacturing facility in Detroit, Michigan. The project is expected to create jobs as part of a state-approved investment.
Komatsu will highlight its expanded underground mining product lineup at MINExpo 2024, including the debut of the WX15 Load-Haul-Dump machine and HX45 mining truck, rebranded from GHH Group products following the acquisition of GHH Group GmbH.
AD announced the consummation of its merger with IMARK Electrical, creating the AD Independent Electrical Supply Division (IESD). The merged entity represents over 700 independently owned electrical distributors with annual sales over $43 billion.
Boeing Co. was awarded a $44,746,000 delivery order by the Naval Supply Systems Command for the procurement of 31 cylinder and piston (nose landing gear strut) spares in support of the F/A-18 E/F aircraft. Work will be performed in Ajax, Ontario, Canada (57%) and St. Louis, Missouri (43%), with completion expected by March 2029.
US private equity firms Niobrara Capital and Prysm Capital completed the purchase of Polar Semiconductor for $175 million, enabling the ownership change required for the CHIPS funding.
The US Department of Commerce finalized a $123 million CHIPS award for Polar Semiconductor to double its sovereign foundry capacity for power and sensor chips in Bloomington, Minnesota, unlocking $525 million in total investment.
Ireland-based Schivo has acquired ParMed, a fluid handling firm in Berlin, Connecticut, that makes intelligent electronic rotary valves, layered manifolds and pumps. ParMed will operate within Schivo's Life and Analytical Sciences segment. The announcement was made on September 24, 2024.
Beverage maker Niagara Bottling is investing $129.8 million to establish a 436,800 sq ft manufacturing and distribution facility in Elsmere, Kentucky, creating 60 jobs. Construction is expected to begin early next year.
SmartSights has acquired Sage Clarity, a provider of manufacturing data analytics apps.
BorgWarner announced it will supply its twin ball bearing turbochargers to General Motors for installation in the Chevrolet Corvette ZR1.
Braskem has been awarded $50 million in federal infrastructure funds to expand its UTEC facility in La Porte, Texas, for ultra-high molecular weight polyethylene (UHMWPE) used in battery separator materials.
HFCL Limited has been selected by General Atomics Aeronautical Systems Incorporated to develop and supply critical subsystems for advanced unmanned aircraft systems, including a radar subsystem.
Economic Alternatives, Inc. (EAI Water) has acquired Clearwater Industries, a water treatment company based in Shelton, Connecticut, expanding EAI's presence to the East Coast.
G&G Steel has been awarded an $18 million contract by the U.S. Army Corps of Engineers for replacement miter gates. Work will be performed in Russellville, Alabama.
International Enterprises, part of Elbit America Inc., has been awarded an $89 million contract by the U.S. Air Force to develop wide-angle conventional heads-up displays for F-16 jets. Work will be performed in Madison, Alabama.
AqueoUS Vets has been awarded a CMAR contract by the South Adams County Water and Sanitation District to design, manufacture, and commission ion exchange PFAS filtration systems for the Klein Water Treatment Plant in Commerce City, Colorado.
Transcendia, Inc. is adding a new production line and equipment at its Richmond, Indiana facility and creating additional manufacturing capacity in a nearby warehouse. The $17M investment will create 30 new jobs, with installation expected by Q2 2025.
Hammond Power Solutions Inc. signed a definitive agreement to acquire the assets of Micron Industries Corporation, a US-based manufacturer of control transformers, for approximately USD 16 million. Micron Industries had about USD 23 million in revenue in 2023 and is based in Sterling, Illinois.
JAXPORT (Jacksonville Port Authority) received $23 million for the purchase and refurbishment of container cranes.
Hitachi Energy announced a $60 million expansion of its high-voltage switchgear and breakers factory in Mount Pleasant, Pennsylvania, as part of a $155 million North America investment plan.
Heartwood Partners made a growth equity investment in Royal Products, a manufacturer and distributor of metalworking accessories for CNC machine tools. The deal was announced on September 23, 2024.
IperionX executed a 45-month sourcing contract with Ford Motor Company to supply titanium metal powder and manufactured metal components, with expected total revenues of ~US$11 million starting in 2025.
Family-owned corrugated packaging maker Welch Packaging has joined forces with Capitol City Container Corp (Cap City Container) in Indianapolis to strengthen its Midwest position. Specific terms were not disclosed.
Cryopak, a North American maker of temperature-sensitive packaging, has been selected as a contracted cold chain packaging partner for Vizient Pharmacy Aggregation Groups members.
GRAMMER AG has signed an agreement to sell the Toledo Molding & Die Group (TMD Group) to APC Parent LLC. The TMD Group, headquartered in Toledo, Ohio, produces thermoplastic components for the automotive industry and had revenues of USD 213 million in 2023.
Boeing has been awarded a $29.5 million contract by the U.S. Navy to supply spare windshield panels for F/A-18 E/F fighter jets. Work will be completed in St. Louis, Missouri, by December 2029.
Stryker has acquired Nico Corporation, an Indianapolis-based company that manufactures neurosurgical devices including BrainPath and Myriad for treating intracerebral hemorrhages. The acquisition expands Stryker's neurotechnology and stroke care portfolio.
Triumph Gear Systems Inc. was awarded a maximum $24,911,754 fixed-price contract by the Defense Logistics Agency for C-5 main landing gear actuators, with performance completion by October 31, 2031.
The U.S. Bureau of Reclamation awarded a contract valued at USD 475,882.02 to Veterans Electrical Group LLC for 2300 Volt Switchgear for Hoover Dam. The contract was awarded on September 20, 2024.
Hardinge Inc. completed the sale of its global machining and workholding businesses to affiliates of Centre Lane Partners under the U.S. Bankruptcy Code. The businesses will operate as Kellenberger (machining) and Forkardt Hardinge (workholding).