Valens Semiconductor announced the acquisition of Acroname, a company specializing in advanced automation and control technologies. The acquisition bolsters Valens' USB offering for the industrial market, combining Valens' USB extension chipsets with Acroname's programmable USB hubs and switches.
Deep Blue Midland Basin LLC, a joint venture between Diamondback Energy and Five Point Energy, acquired Lagoon Operating – Midland, LLC. The acquisition adds approximately 105 miles of pipeline and 240,000 bpd of disposal capacity in Martin County, Texas.
Stryker announced a definitive agreement to acquire all shares of Artelon, a company specializing in soft tissue fixation products for foot and ankle and sports medicine procedures. The acquisition strengthens Stryker's offerings in the soft tissue fixation segment.
BD (Becton, Dickinson and Company) has signed a definitive agreement to acquire Edwards Lifesciences' Critical Care product group for $4.2 billion in cash. Critical Care is a leader in advanced patient monitoring solutions.
Hydro Aluminum will invest $85 million to expand its Henderson, Kentucky facility by 80,000 sq. ft., adding HyForge technology and creating 31 new jobs. The new casthouse is expected to become operational in 2026.
Welch Packaging, a custom corrugated products manufacturer, acquired Michcor Container Inc., a corrugated box manufacturer in Grand Rapids, Michigan, founded in 1981. Specific terms were not disclosed. The announcement was made on 2024-06-03.
Ingersoll Rand closed its previously announced acquisition of ILC Dover, a life-science single-use solutions maker, with an upfront cash price of about $2.325 billion, from New Mountain Capital.
South Korea-based Samkee Corp. opened its first U.S. factory in Tuskegee, Alabama, a $128 million facility that will employ over 170 people and supply parts to Hyundai's Montgomery plant.
Certerra has begun work on a time and materials contract worth up to $50 million to provide special inspections and material testing for the UCSF Health Helen Diller Hospital project in San Francisco.
M. Argueso & Co., a German-owned supplier of wax blends and adhesives, will consolidate its Ohio and Michigan operations and establish its US headquarters in Norton Shores, Michigan. The project involves a $33 million capital investment and creation of 20 jobs.
QED Environmental Systems Inc., a subsidiary of Graco Inc., increased production capacity at its U.S. manufacturing facility in Dexter, Michigan, centralizing all production under one roof. The facility will also become the global calibration and service hub.
ResinTech announced a 30,000-square-foot expansion to its headquarters in Camden, New Jersey, adding to the existing 186,000-square-foot facility. The expansion contract was awarded to Penntex Construction to boost production capacity for ion exchange resins and filters.
Delmarva Corrugated Packaging held the grand opening of its 465,000-square-foot plant in Dover, Delaware, a $91 million investment that created 160 jobs. The plant has been operating since 2021 and is served by the Delmarva Central Railroad.
General Electric Co (now GE Aerospace) was awarded a maximum $438,623,538 firm-fixed-price contract by the Defense Logistics Agency for workload augmentation/offload support of F-110 engine modules supplies. The contract runs through September 30, 2028.
Flow Service Partners, a portfolio company of RLJ Equity Partners, acquired Dynamic Air Solutions, a commercial and industrial HVAC services specialist based in Louisville, Kentucky. The acquisition expands Flow's service capabilities in Kentucky and southern Indiana.
Southern Wall Products plans to invest US$23m in a new gypsum wallboard finishing products plant in Anderson, South Carolina, USA. The plant is expected to be commissioned in June 2025 and will employ 28 people.
Çuhadaroğlu Alüminyum Sanayi ve Ticaret A.Ş., a subsidiary of Çuhadaroğlu Metal Sanayi, signed a contract with Aluminum Profile Systems LLC for the Imperial Tower project in New Jersey, USA. The contract is worth $5,005,563 and covers product supply, aluminum facade panel production, and export commitments.
WACKER acquired the manufacturing assets and know-how of U.S.-based Bio Med Sciences Inc., including a silicone adhesive coating test and development center in Allentown, Pennsylvania. The purchase price was not disclosed.
Green Bay Packaging Inc. has acquired SMC Packaging Group of Springfield, Missouri, a corrugated packaging company with plants in Missouri, Arkansas and Oklahoma. The transaction closed May 31, 2024 and was announced June 6, 2024.
Greif is nearing completion of a new bulk corrugated manufacturing facility in Dallas, Texas, making triple wall sheets and jumbo boxes, expected to be operational in spring 2024.
WaterFurnace International has broken ground on a $14 million, 173,000-square-foot expansion of its Fort Wayne headquarters, more than doubling its current footprint. The expansion will increase operating efficiencies and production capabilities to address customer demand.
WACKER acquired the manufacturing assets and know-how of U.S.-based Bio Med Sciences Inc., including a silicone adhesive coating test and development center in Allentown, Pennsylvania, to expand its silicone-coated healthcare products business.
Stein Fibers LLC, a global supplier of sustainable fiber and polymer solutions, acquired Banyan Plastics LLC, a distributor of recycled materials, to accelerate growth in the sustainable polymers market.
Washington State Ferries published an invitation to bid on building five new hybrid-electric ferries, with deliveries beginning in 2028.
Hydro Aluminum Metals plans to invest $85 million to expand its Henderson, Kentucky facility by 80,000 square feet and add 31 jobs. The expansion will introduce HyForge casting technology, with the new cast house expected to start operating in 2026.
Sharps Technology Inc. signed an asset purchase agreement to acquire the InjectEZ specialty syringe manufacturing assets in West Columbia, South Carolina for $35 million. The facility will be the only dedicated COC prefillable syringe manufacturing plant in North America.
Sharps Technology Inc. signed a 5-year, $200 million syringe sales agreement with Nephron Pharmaceuticals, complementing its asset purchase agreement to acquire the InjectEZ specialty syringe manufacturing assets in West Columbia, South Carolina. Product delivery is scheduled to begin in Q2 2025.
OHLA's subsidiaries secured construction contracts totaling $170 million in Florida, including a seven-story luxury apartment building in Bay Harbor Islands and road projects in Glades and Lee counties.
Donnelly Mechanical was awarded a contract to manage the modular plant and core and shell installation for a new six-story addition at Northwell Health's South Shore Hospital in Bay Shore, New York.
Sensor Systems LLC has acquired the assets of Ruhle Companies Inc's encoder line, including optical encoders and Inductosyn position transducers. The operations will be consolidated at Sensor Systems' headquarters in St. Petersburg, Florida by June 2024.
H.B. Fuller Company has acquired ND Industries Inc., a provider of specialty adhesives and fastener locking and sealing solutions, including the Vibra-Tite brand. The acquisition adds to H.B. Fuller's product range in epoxy, cyanoacrylate, UV curable and anaerobic adhesives.
Amrep Manufacturing Company, a subsidiary of Wastequip, will expand its operations in Rowan County, North Carolina, with a new 80,000-square-foot production facility adjacent to its current site. The project involves an investment of more than $21 million and will create 170 jobs.
Tencarva Machinery Company, backed by Bessemer Investors, acquired Tri-State Coating & Machine, a provider of thermal coating services and industrial parts based in Salt Rock, West Virginia. Financial terms were not disclosed.
Raytheon Technologies, doing business as Pratt & Whitney Military Engines, received a $301.8 million contract modification to procure long-lead materials and manufacture F135 propulsion systems for the U.S. Navy, Air Force, Marine Corps, and foreign customers. Work will be performed at multiple locations and is expected to be completed by June 2027.
Hydro Aluminum Metals USA LLC will expand its Henderson, Kentucky facility by 80,000 square feet, investing $85 million and creating 31 jobs. The expansion will introduce HyForge casting technology to serve the automotive market.
EFP, LLC held a grand opening for its sixth location, a protective packaging and cold chain plant in the Lee County Industrial Park in Bishopville, South Carolina. The $15 million investment is expected to create over 30 jobs.
Danfoss Turbocor opened a new 145,000-square-foot production facility in Tallahassee, Florida, on May 29, 2024, with a $62M investment to double capacity for oil-free compressors.
Toyota Material Handling held a groundbreaking ceremony for a nearly $100M expansion in Columbus, Indiana, adding a 295,000-square-foot factory for electric forklift production.
Daikin Industries leased 111,452 square feet across two Dermody Properties logistics centers: 26,332 SF at LogistiCenter at Rohnert Park in California and 85,380 SF at LogistiCenter at I-80 West II in Nevada. The lease was announced on May 29, 2024.
Newterra acquired the assets of Carbon Service and Equipment Company (CSEC) from Encotech Inc., expanding its activated carbon treatment solutions and services in potable, wastewater, remediation, and industrial markets.
Plasma Processes, a provider of ultra-high temperature materials and coatings, acquired Metaltech Machine & Tool, a wire EDM-focused machine shop in Scottsboro, Alabama, to vertically integrate its supply chain.
Baylin Technologies' subsidiary Advantech Wireless received an $8.2 million CAD order for ultra-high-power Summit II Solid State Power Amplifier systems from a major US defence contractor for a NATO government application.
Stellant Systems has been awarded multiple contracts for the production of traveling-wave tubes (TWTs) and crossed-field amplifiers (CFAs). Two CFA contracts total $7.5M for the Aegis program, and a $3.7M contract for defense TWTs from a major OEM. Production will be at Stellant's Williamsport, Pennsylvania facility.
Mazzella Companies acquired Piedmont Hoist & Crane, a crane manufacturer based in Winston-Salem, North Carolina. The acquisition positions Mazzella as a leading manufacturer of overhead cranes and lifting equipment in North America.
J&L Machine and Fabrication announced on May 29, 2024 that it will invest more than $2.1 million to expand its production capacity in Stanley, North Carolina, creating 33 new jobs.
Surmodics entered into a definitive agreement to be acquired by private equity firm GTCR for $43.00 per share in cash, representing an equity value of approximately $627 million.
Danfoss Turbocor opened a 145,000 sq ft production facility in Tallahassee, Florida, built with a $62 million investment. The plant makes TTS/TG/TH Turbocor compressors and doubles the company's current capacity.
Danfoss Turbocor celebrated the opening of a new 145,000 square foot production facility in Tallahassee, doubling its manufacturing capacity for oil-free compressors. The $62 million investment is expected to create jobs in the area.
Kaynes Technology India Limited has completed the acquisition of Digicom Electronics, Inc., an EMS company based in Oakland, California, to expand into the U.S. market.
Samsung and Lennox announced plans for a joint venture to distribute Samsung ductless products in the U.S. and Canada, as well as products branded 'Lennox powered by Samsung' sold through Lennox stores and its direct-to-dealer network.