Plastic Compounders announced a $500,000 investment to expand its production facility in Cambridge, Ohio, adding an eighth extrusion line and creating five new jobs.
The US Department of Defense signed contracts totaling approximately $5 billion with Lockheed Martin for production, maintenance, modernization, and operation of F-35 fighter jets. $3.91 billion covers training systems, testing, production, and modernization; $1 billion is for maintenance facilities and software upgrades.
Baiyu Holdings, through its subsidiary BMYA New Energy Technology, signed a $60 million contract with Feng's Auto Parts to supply 50,000 electric lithium battery sets. Deliveries are expected by May 2025.
Finwave Semiconductor and GlobalFoundries announced a strategic technology development and licensing agreement to optimize and scale Finwave's E-mode MISHEMT GaN-on-Si technology to volume production at GF's 200mm fab in Burlington, Vermont.
Mubea plans to renovate an existing building in Boone County, Kentucky to accommodate additional spring wire and coil spring production, investing $24.3 million and creating 102 full-time jobs.
PPG reached a definitive agreement to sell its silicas products business to QEMETICA for approximately $310 million. The transaction includes manufacturing facilities in Lake Charles, Louisiana and Delfzijl, Netherlands, and is expected to close in Q4 2024.
Orion Group partnered with Survoy's Superior Service, a Cleveland-based HVAC and refrigeration service provider. Survoy's joins Orion's national light mechanical service provider, Helios Service Partners.
Arjo opened a new state-of-the-art facility for reprocessing medical devices in Everett, Washington. The facility is 50% larger than the previous location, designed to increase production output and improve turnaround times.
One Equity Partners has agreed to acquire EthosEnergy, a global independent service provider for rotating equipment in power generation and industrial markets. Financial terms were not disclosed.
Western Smokehouse Partners will open a new 300,000 square foot meat snack manufacturing plant in Mexico, Missouri, investing $60 million and creating 250 jobs. The facility is set to launch operations in August 2025.
Piab Group has acquired Alum-a-Lift, a US provider of ergonomic lifting equipment headquartered in Winston, Georgia. Alum-a-Lift adds electric lifting trolleys for semiconductor, aerospace, and logistics applications.
Walter USA LLC has acquired PDQ Workholding LLC, a specialist in workholding fixtures and tooling, to strengthen its offering of workholding products and develop future cutting tool sales in the Americas.
Ontogen Medtech announced a new contract manufacturing business unit for medical device, in-vitro diagnostic, and health hard-tech industries. The company is moving into an expanded facility in Lisle, Illinois in September 2024, with over 12,000 square feet.
The U.S. Section of the International Boundary and Water Commission awarded a contract to PCL Construction for design and construction of the rehabilitation and expansion of the South Bay International Wastewater Treatment Plant in San Diego, California. Total program costs are estimated at $600 million. PCL selected Stantec to lead design.
Menasha Packaging announced a commitment of over $50 million to expand its North American preprint capacity, adding an 8-color press and automation and robotics, with 25-30 new jobs in the Fox Valley area of Wisconsin.
Mill Rock Packaging, a Mill Rock Capital portfolio company, acquired the Woodland, California packaging and laminating assets of Everett Graphics, a folding-carton producer. No financial terms were disclosed.
The Morse Group has started site work on a $5 million, 25,000-square-foot expansion at its operations center in Beloit, Wisconsin, to accommodate growth in its custom automation business (Automation Solutions of America).
Constellium was selected by the U.S. Department of Defense for a $23 million grant to rebuild its direct chill aluminum casting center at its facility in Muscle Shoals, Alabama, to increase casting capacity for defense and industrial applications.
Northland Corporation will invest $21.4 million to add 98,000 square feet to its refrigeration plant in Greenville, Michigan, creating 200 new jobs. The Michigan Strategic Fund approved a $1.28 million grant in support.
Caster Concepts expanded its West Michigan Ave facility in Albion, Michigan, adding a 3,000 square foot advanced engineering area for design and testing of heavy-duty casters.
Omya announced a distribution agreement with TIB Chemicals Corp., becoming the exclusive distributor of its organotin and tin-free catalyst product lines for the CASE markets in the United States, effective August 1, 2024.
Sedron Technologies will construct a high-tech biosolids processing plant on a 7-acre parcel in Indiantown, Florida, creating 18-30 jobs. The project is in permitting, with groundbreaking expected in early 2025.
Survitec has acquired Vinyl Technology, a US-based contract manufacturer of custom plastic and industrial fabric products for military and high-end markets. The acquisition strengthens Survitec's foothold in the US defence market.
West Star Aviation completed a new hangar (Hangar 67) at its East Alton facility, adding 75,700 square feet of space. The $20 million investment is expected to create 60-80 new jobs.
Omya announced a distribution agreement with TIB Chemicals Corporation, effective August 1, 2024, making Omya the exclusive distributor of TIB Chemicals' organotin and tin-free catalyst product lines for the CASE markets in the United States.
John Deere announced plans to construct a 115,000-square-foot manufacturing facility in Kernersville, North Carolina, to expand production capacity of Kreisel Electric battery products. The facility will support up to 2 GWh capacity, with production estimated to begin in 2025.
IBA has signed a Memorandum of Understanding with the University of Pennsylvania Health System for the installation of two ProteusONE compact proton therapy solutions at Penn Presbyterian Medical Center in Philadelphia. The final contract is expected later in 2024, with patient treatments expected to start in 2027.
Argonaut Private Equity has acquired Hammer & Steel Global, a provider of deep foundation drilling and pile-driving equipment. The acquisition aims to accelerate the company's expansion.
Sapien Semiconductor announced on August 26, 2024, a contract with a US Big Tech company to co-develop LED-on-Silicon (LEDoS) display driver ICs for AR glasses. The contract is worth 4.8 billion KRW (about $2.58 million) and runs until October 2025.
Mullen Automotive announced a $210 million purchase agreement with Volt Mobility for 3,000 Class 1 and Class 3 EV cargo vans and trucks, to be delivered over 16 months and assembled at Mullen's Tunica, Mississippi facility.
Sigmatex completed a phase of investment at its Orangeburg, South Carolina site, adding a new production cell that expands weaving capacity by up to 50% to serve aerospace, space and defense markets.
Sapien Semiconductor announced a contract with an unnamed US big tech company for the joint development and supply of display driver ICs (DDI), valued at 4.786 billion won (approximately $3.58 million). The contract runs from August 21, 2024 to October 31, 2025.
PakEnergy acquired Plow Technologies, a provider of cloud-based process monitoring and control software including the OnPing industrial automation platform for oil-and-gas and renewable-energy industries.
Tactical Resources Corp and Plum Acquisition Corp. have entered into a definitive business combination agreement valued at $589 million. The deal aims to advance the Peak Project, a rare earth elements project in Texas.
Mars, Incorporated has announced a definitive agreement to acquire Kellanova for USD 83.50 per share in cash, with the total deal valued at USD 35.9 billion.
Tate Inc. will open a new manufacturing plant in Pocahontas, Arkansas, investing about $75 million to renovate a 420,000-square-foot facility. The plant will produce steel frames for data centers and create 148 jobs, with production starting in mid-2025.
FSI Equipment, a material handling and industrial cleaning equipment company based in Fresno, California, was acquired by Pape Material Handling in August 2024.
Manitex International signed a North American dealership agreement with Bruckner's Truck & Equipment to sell and support Manitex equipment, including PM articulating cranes, across eight states through Bruckner's 40 support centers.
Cemex has supplied over 42,815 m³ of its lower-carbon Vertua concrete for the initial construction phase of the Mission Rock mixed-use development in San Francisco, California. The project is being developed by Tishman Speyer, the San Francisco Giants and the Port of San Francisco.
Duravant LLC acquired T-TEK Material Handling LLC, a manufacturer of high-speed packaging machinery and systems, headquartered in Montgomery, Alabama, on 23 August 2024.
ARI-Armaturen Albert Richter acquired Warren Controls, a control valve company based in Bethlehem, Pennsylvania, to expand its US presence.
ZIEHL-ABEGG celebrated the grand opening of a new production and logistics headquarters in Winston-Salem, North Carolina, with an investment of EUR 100 million. The facility spans 48,500 m² and can produce up to 800,000 fans per year.
Getinge has agreed to acquire 100% of Paragonix Technologies, a leader in organ transport and preservation, for an estimated $477 million. The acquisition marks Getinge's entry into the organ preservation and transportation market.
Arclin will expand methylamine production capacity by 35% and DMF capacity by 100% at its Belle, West Virginia facility. Asset installation begins in 2025, with all new capacities expected operational by end of 2026.
LISI Medical Remmele, Incorporated in Big Lake, Minnesota, plans to expand its medical device manufacturing facility by approximately 45,000 square feet. The $23.5 million project is expected to create 30 jobs and is supported by a $550,000 grant from the Minnesota Investment Fund.
Trudell Medical Limited has reached an agreement to purchase the RDx business unit of Vyaire Medical, which manufactures respiratory diagnostic products. The acquisition is subject to court approval and expected to close in 8-12 weeks.
USA Rare Earth, LLC has entered into a definitive business combination agreement with Inflection Point Acquisition Corp. II, a SPAC, to become a publicly traded company. The transaction values USA Rare Earth at a pro-forma enterprise value of $870 million and includes a $35 million PIPE investment.
Core Industrial Partners-backed PrecisionX, a provider of precision metal components headquartered in Waterbury, Connecticut, acquired manufacturer Ditron.
Air Industries Group received a $110 million, 7-year contract to produce Thrust Struts for the Geared Turbo-Fan (GTF) aircraft jet engine, starting January 2025 through 2031. The contract expands backlog to over $280 million.
KARL STORZ acquired Asensus Surgical for $0.35 per share in cash, making Asensus a subsidiary. The deal closed after stockholder approval, combining Asensus's robotic surgery technology with KARL STORZ's endoscopy portfolio.