The Jade Steel Group, in partnership with Standard Horse Nail Company, acquired Precision Kidd Steel Company, a producer of precision cold drawn steel shapes.
JCB has begun construction on a new $500 million factory in San Antonio, Texas, to manufacture Loadall telescopic handlers and aerial access equipment. Production is scheduled to start in 2026.
Konecranes has been awarded a US$6.8 million contract for an RTG retrofit in Houston.
Selee Corp., a division of Porvair, is investing $7 million in its Henderson County plant to improve production and retain 110 jobs. Henderson County is providing a $68,000 grant tied to investment and job targets.
Industrial Growth Partners VI, L.P., in partnership with management and certain outside investors, acquired AMG, a manufacturer of high-precision metal components for aerospace and defense, on July 29, 2024.
Integra Resources has agreed to acquire all shares of Florida Canyon Gold Inc. in a transaction valued at approximately C$95 million, creating a gold and silver producer in the Great Basin.
Konecranes is establishing a network of partners including steel structure providers and subcontractors to build a full range of port cranes in the US, including ship-to-shore cranes, to satisfy domestic manufacturing criteria.
Permasteelisa North America Benson was awarded the contract to provide the façade for a new hospital building at Kaiser Permanente Sunnyside Medical Center in Clackamas, Oregon.
TJC, LP has acquired Insulation Technology Group, a global provider of electrical insulation solutions for the utility market. Churchill Asset Management served as Joint Lead Arranger and Administrative Agent for a senior secured credit facility to support the acquisition.
Raytheon, a division of RTX Corp., won a nearly $2 billion contract from the U.S. Missile Defense Agency to manufacture Standard Missile-3 (SM-3) Block IIA All-Up Rounds for the U.S. and Japanese military. Work will be performed in Tucson and Alabama, with completion by February 2031.
DuPont announced it has completed the acquisition of Donatelle Plastics, a medical device company specializing in medical components and devices. Donatelle becomes part of DuPont's Electronics & Industrial segment.
Technip Energies was awarded an Engineering and Procurement contract by Chevron Phillips Chemical to supply a proprietary Low Emission Cracking Furnace at the Sweeny, Texas olefins unit. The furnace will reduce fuel consumption and CO₂ emissions by approximately 30%.
Koito Manufacturing Co., Ltd. signed a definitive agreement to acquire all outstanding shares of Cepton, Inc. not already owned, for $3.17 per share in cash. Cepton will operate as a privately held indirect subsidiary of Koito in the US.
The US Air Force Sustainment Center awarded a $99 million blanket purchase agreement to Starrag USA, Gage Machine Tool, Chaparral Machinery, Machine Tool Specialists, Tuckahoe Trading, and Additive Innovators for CNC equipment and flexible manufacturing systems to support aerospace component maintenance at Tinker AFB.
DuPont de Nemours closed its $313 million acquisition of Donatelle Plastics, a medical device contract manufacturer based in New Brighton, Minnesota, on July 28, 2024. Donatelle will be integrated into DuPont's materials science business.
Boeing received a $49,753,000 delivery order from the Naval Supply Systems Command for 11 inner wing assembly spares for the F/A-18 E/F aircraft. Work will be performed in Hazelwood and St. Louis, Missouri, with completion expected by December 2027.
Pelican Energy Partners has acquired MillenniTek, a provider of advanced ceramics solutions for energy production. MillenniTek's CEO Steve Getley will continue to lead the company and retain significant ownership.
Amkor Technology signed a non-binding preliminary memorandum of terms with the US Department of Commerce to receive up to $400 million in direct funding and $200 million in loans under the CHIPS Act for its planned advanced packaging and test facility in Peoria, Arizona. Amkor projects to invest approximately $2 billion and employ about 2,000 people.
Paul Mueller Company announced a $20 million expansion of its Springfield, Missouri headquarters facilities, adding 100,000 square feet for production and R&D. Construction is expected to begin in fall 2024 and finish in fall 2025.
Hansen & Company Woodworks (HCo) is investing $20 million in a new 92,000 square foot facility with a fully automated frameless batch one cabinet line, increasing capacity from 150 to 500 cabinets per day. The expansion will create at least 6 new jobs.
PPG Industries announced plans to build a new automotive coatings production facility in Loudon County, Tennessee, with a $300 million investment. Construction will begin in August 2024 and completion is expected in July 2026.
The U.S. Department of Defense has awarded $23 million to Constellium Muscle Shoals LLC in Alabama to expand its aluminum casting and manufacturing capabilities, aiming to add 300 million pounds of aluminum capacity.
Ursa Major, a Denver-based rocket propulsion components manufacturer, plans to invest $14.5 million to establish a new research-and-development center in Boardman, Ohio, focusing on additive manufacturing and materials development for liquid rocket engines and solid rocket motors.
Daehan Electric Wire, through its US sales corporation T.E.USA, signed a long-term contract worth 190 billion won to supply ultra-high-voltage power grid materials including 138 kV and 345 kV cables and connectors for projects in the eastern United States.
Norsk Titanium announced a production order for an undisclosed prime contractor for the United States Department of Defense for additive manufacturing of titanium components.
The U.S. Department of Commerce awarded Polar Semiconductor up to $123 million in direct funding under the CHIPS and Science Act to expand and modernize its manufacturing facility in Bloomington, Minnesota. The investment is expected to almost double U.S. production capacity of sensor and power chips within two years, catalyzing over $525 million in total investment and creating over 160 jobs.
AURA AERO Inc., a French aircraft designer and manufacturer, announced plans to locate a 500,000-square-foot manufacturing and assembly plant in Florida. The facility is expected to create 1,030 jobs with a capital investment of $172.5 million.
Taihan Cable & Solution, through its US subsidiary T.E.USA, has signed a long-term contract worth approximately KRW 190 billion to supply extra high voltage power grid components for a grid upgrade project in the eastern United States.
Mitsubishi Electric US will repurpose an existing manufacturing facility in Maysville, Kentucky, to produce highly efficient heat pump compressors, with a $143.5 million investment creating 122 new jobs. It will be the first U.S. factory for advanced twin-rotary variable capacity compressors.
Mizkan America plans to expand its manufacturing facility in Owensboro, Kentucky, with a $156 million investment, adding 44 new jobs. The project will add approximately 320,000 square feet to the facility.
Packaging Corporation of America is replacing its existing corrugated products plant in Phoenix with a new greenfield facility expected to be operational in spring 2025. The new plant will more than double the site's capacity to over 2 billion square feet of production per year.
Girtz Industries broke ground on a new 13,000-square-foot facility in White County, Indiana, to meet surging demand for power generation solutions, particularly backup and emergency power generators. The facility is expected to be completed in Spring 2025.
Acieta, a portfolio company of Angeles Equity Partners, has acquired Capital Industries LLC, an Indiana-based industrial robotics manufacturer and integrator. This is the fifth strategic acquisition by Angeles in the robotics integration sector.
Edwards Lifesciences has signed an agreement to acquire JenaValve Technology, a pioneer in transcatheter treatment of aortic regurgitation. JenaValve is a portfolio company of Andera Partners.
AltusGroup member Wells has acquired GATE Precast, expanding to more than 20 locations and 14 manufacturing facilities across the United States.
Hyperion Materials & Technologies has entered into a definitive agreement to acquire the operations of Damen Carbide Tool Co., a Wood Dale, Illinois-based company specializing in grinding and EDM finishing of carbide and ceramic components.
Asensus Surgical announced that The Rocky Mountain Hospital for Children in Denver, Colorado, has entered into an agreement to utilize a Senhance Surgical System, making it the first dedicated pediatric hospital in the US to use the system.
Oppent has secured a contract valued at nearly €30 million to deliver over 200 mobile robots to two US medical institutions: Ohio State Wexner Medical Center and Indiana University School of Medicine.
Liebherr plans to establish distribution and manufacturing operations in Tupelo, Mississippi, with a $176 million investment. The project is expected to create 180 jobs and include over 1 million square feet of building space on an 118-acre site.
US packaging maker Plastipak will supply Kraft Heinz with containers made from 100% food-grade recycled PET. The article is paywalled, so only the headline details are confirmed.
IDEX Corporation has agreed to acquire Mott Corporation for $1 billion. The deal is expected to close by the end of Q3 2024. Mott will operate under its own brand within IDEX's Health and Science Technologies segment.
Bosch announced the acquisition of Johnson Controls' global HVAC solutions business for residential and light commercial buildings, including the Johnson Controls-Hitachi Air Conditioning joint venture, for US$8 billion. The deal is expected to close within 12 months.
Magneco/Metrel opened a 100,000-square-foot production facility at the former Gulf States Steel site in Gadsden, Alabama, with an $8 million capital investment. The plant opened a year ahead of schedule and currently employs 20 workers.
Thermon has acquired Precision Boilers, integrating its electric boiler technology into Thermon's portfolio of industrial heating solutions.
American Titanium Metal will invest $867.8 million to expand its operations in Fayetteville, North Carolina, creating 304 jobs. The project includes a 500,000-square-foot facility for melting, rolling, and finishing aerospace-grade titanium.
The Exigent Group, a platform of Huron Capital, has acquired Smith-Boughan Mechanical in Ohio and Electrical Automation Systems (EASI) in Maryland. Terms were not disclosed.
EFC Gases & Advanced Materials announced plans for a new manufacturing facility in McGregor, Texas, with a $210 million investment. The facility will produce essential materials for semiconductor fabs and is expected to create at least 120 jobs.
Condair has acquired Kuul, a US-based manufacturer of cellulose media and glass fibre for evaporative cooling. Kuul will be rebranded as Condair – Evaporative Technologies. Condair also plans to build a new production site in Richmond, Virginia, operational in 2025, employing 180 staff.
Robert Bosch has agreed to acquire Johnson Controls' and Hitachi's residential and light commercial HVAC businesses for $8 billion, in what will be the German engineering group's largest takeover to date.
TIGHITCO's Complex Composites Division has been selected by Sikorsky to produce a new aerostructure system for the Black Hawk Helicopter UH-60 platform. The five-year program is valued at $134 million, with deliveries starting in Q4 2024.