KMW Ltd, a manufacturer of loaders and backhoes, is constructing new facilities on a 150-acre site in Sterling, Kansas, adding over 430,000 square feet. The expansion will increase employment to approximately 450 people.
CO2 Refrigeration Systems (CRS) purchased and is renovating a former Scott Manufacturing plant in Marshalltown, Iowa, to produce CO2 transcritical refrigeration systems. Production is expected to begin on April 30, 2024, and the company plans to hire 48 employees over three years.
TSMC announced plans to build a third leading-edge semiconductor fab at its Arizona site in Phoenix, bringing total investment to over $65 billion. The U.S. Department of Commerce proposed up to $6.6 billion in direct CHIPS Act funding for the project.
Allertex of America signed an agreement with Margasa to represent its textile recycling and nonwoven machinery in the United States and Canada.
Quality Aircraft Accessories (QAA), a subsidiary of Hartzell Aviation, acquired substantially all assets of Approved Turbo Components (ATC), a turbocharger overhaul and repair company. ATC's operations will be relocated to QAA's Tulsa, Oklahoma facility.
The Biden-Harris Administration announced preliminary terms with TSMC for up to $6.6 billion in CHIPS Act direct funding to support TSMC's investment of more than $65 billion in three leading-edge semiconductor fabs in Phoenix, Arizona. TSMC is committing to build a third fab, creating approximately 6,000 direct manufacturing jobs and over 20,000 construction jobs.
Halton announced the grand opening of a 55,100 sq ft expansion to its manufacturing facility in Scottsville, Kentucky, creating over 60 full-time jobs. The expanded facility totals 96,100 sq ft and includes additional manufacturing space, labs, and offices.
Raytheon Technologies Corp. was awarded a $73,984,281 delivery order against an IDIQ contract to provide spare engines for the F100 Production Programs. Performance is at its East Hartford, Connecticut facilities, expected to be complete by Dec. 31, 2024.
CRH Americas Materials Solutions has acquired BoDean Company Inc. and Northgate Ready Mix LLC of Santa Rosa, California, including two quarries, one asphalt plant, one recycling plant, and two concrete plants, entering the California market.
Sonoco and ENGIE North America entered a 15-year virtual power purchase agreement for an estimated 140 megawatts per year from ENGIE's Big Sampson wind project under construction in Crockett County, Texas. The output will be Sonoco's first renewable energy project and is subject to certain conditions.
CD&H, Inc. has been awarded a 5-year general mechanical contract for Phillips 66's terminals and pipelines in the Mid-Con region, covering Kansas, Oklahoma, Texas, Missouri, Nebraska, Colorado, and Wyoming.
Henry Schein established a strategic partnership with Extremity Medical LLC, an innovative medical device company based in New Jersey focusing on fusion, fixation, and motion preservation in lower extremity and wrist orthopedic treatments.
Henry Schein, Inc. announced the completion of the acquisition of a majority stake in TriMed, Inc., a manufacturer of orthopedic devices for lower and upper extremities. The acquisition was announced in December 2023. Financial terms were not disclosed.
XCC-ZXZ Group, a global automotive parts manufacturer, has acquired a majority stake in WJB Automotive LLC, a North American hub and bearings business. The deal aims to drive growth and innovation, including the launch of the InMotion Automotive Parts brand.
Pedalpoint Holdings, a U.S. subsidiary of Korea Zinc, acquired 100% of global scrap metal trading company Kataman Metals for USD 55 million.
Century Aluminum and MX Holdings signed a memorandum of understanding to form a joint venture to produce low-carbon secondary billet from recycled materials. A site in the Ohio Valley area is being evaluated, with production targeted to start in 2026 at an annual capacity of 250 million pounds.
IES Holdings, a Houston-based electrical and technology company, acquired a controlling stake in Greiner Industries, a steel fabricator in Mount Joy Township, Pennsylvania. The deal includes the 450,000-square-foot facility and 60 acres for $13 million.
Basin Electric is expanding the Pioneer Generation Station in Williston, North Dakota, by adding 600 MW of natural gas-fired capacity. The $800 million project began construction in September 2023, with first phase commercial operations expected in 2025 and second phase in 2026.
Johnson & Johnson announced a definitive agreement to acquire Shockwave Medical for $335.00 per share in cash, representing an enterprise value of approximately $13.1 billion. The acquisition expands Johnson & Johnson MedTech's cardiovascular portfolio.
SeAH Superalloy Technologies announced a $110 million investment to build a nickel-based superalloy plant in Temple, Texas, creating 100 jobs. Construction is scheduled to begin in Q3 2024, with commercial production targeted for Q1 2026.
Polymer Resources Ltd. completed the expansion and enhancement of its compounding facility in Rochester, New York, upgrading an existing building to support a 40% increase in overall compounding capacity. The expansion includes new grinding and shredding equipment to handle more postindustrial and postconsumer reclaim.
Holcim US plans to invest $20.5 million to expand its operations in Fremont, Nebraska, including a new 116-foot cement storage dome to increase capacity for its low-carbon ECOPlanet cement.
Private credit funds are reportedly in talks to provide up to $2.5bn of financing for a sale of US metal packaging maker Trivium Packaging, which could be worth more than $3.5bn, according to Bloomberg sources.
Private equity firm Westward Partners acquired Globe Machine, a manufacturer of complex factory machinery and automation systems, in early April 2024. The deal aims to accelerate growth and expand into industrial automation and aftermarket services.
Hitachi Construction Machinery Co., Ltd. has decided to begin full-scale production of dump trucks in fiscal year 2026 at Hitachi Construction Truck, its wholly owned subsidiary in the United States.
Thompson Capital Partners acquired Evaero, Inc., an Arizona-based supplier of mission critical components for the aerospace and defense industry. The president and second-generation owner Christian Frueh will continue in his role.
AkzoNobel is investing more than $30 million in its North America powder coatings manufacturing sites, including facilities in Warsaw (Indiana), Nashville, Reading, and Monterrey.
SK Hynix plans to build a $3.87 billion advanced chip packaging facility in West Lafayette, Indiana, creating over 1,000 jobs. Production is slated to begin in the second half of 2028.
Nemco Food Equipment announced a 40,000-square-foot expansion of its manufacturing facility in Hicksville, Ohio. The project will create jobs and is expected to be completed by September 30, 2024.
Fabbrica LLC, a Somec Group company, has been awarded a contract worth over $18 million to design, engineer, produce and supply glass and metal curtain walls for the new Integrated Life Science Building at Brown University in Providence, Rhode Island.
Hexagon has acquired Itus Digital, a Roanoke, Virginia-based provider of asset performance management software. The acquisition was announced on April 4, 2024, and Itus Digital will operate within Hexagon's Asset Lifecycle Intelligence division.
Henkel has completed the acquisition of Seal for Life Industries LLC, a specialized supplier of protective coating and sealing solutions for infrastructure markets, from Arsenal Capital Partners.
Emboline, Inc. announced the acquisition of a significant portfolio of key intellectual property from SWAT Medical AB for aortic embolic protection during interventional cardiology procedures.
Record Steel & Construction Inc. was awarded a $90,899,000 firm-fixed-price contract by the U.S. Army Corps of Engineers for construction of a water treatment plant at Mountain Home Air Force Base, Idaho.
SunTower Machine Company, a manufacturer of industrial machinery based in Tempe, Arizona, was acquired by Liberty Machining in April 2024.
Riviana Foods completed the first phase of its $80.6 million investment in its Memphis, Tennessee plant, doubling capacity for Minute ready-to-serve rice cups. The second phase, adding capacity for pouch products, is expected to be completed by early 2025.
Apex Mills – Insight Textiles will make a capital investment of $3.1 million and create 140 new jobs at a knit fabrics and dye manufacturing facility in Patrick County, Virginia, supported by a $300,000 performance agreement.
Karl Storz has entered into a non-binding letter of intent to acquire Asensus Surgical, a surgical robot maker, for 35 cents per share in cash. The deal includes a bridge loan of up to $20 million.
Chaney Enterprises has agreed to acquire Chandler Concrete, a ready-mix, block masonry, and hardscapes company operating in North Carolina, Virginia, West Virginia, and Eastern Tennessee. The acquisition includes 44 ready-mix plants, three block plants, and one building supply store.
Asensus Surgical has entered into a non-binding letter of intent with KARL STORZ SE & Co. KG for KARL STORZ to acquire 100% of Asensus common stock for $0.35 per share in cash, representing a 66.7% premium. A bridge loan of up to $20 million has been provided.
Fleet Team, a fleet management and consulting company, has acquired Forklift Training Systems, headquartered in Newark, Ohio, to add operator/trainer training programs and safety products to its portfolio. The acquisition closed on March 28, 2024.
The U.S. Department of Energy has selected Sublime Systems for award negotiations up to $87 million to build its first commercial manufacturing plant in Holyoke, Massachusetts, producing up to 30,000 metric tons per year of clean cement.
Ford Meter Box Company Inc. announced a $23.2 million expansion in Pell City, Alabama, including construction of a 60,000 square foot building and manufacturing equipment to enhance production.
PQ LLC hired HFT as EPC contractor to design and build a new silicate production line at its existing site in Augusta, Georgia, with production expected to begin in 2025.
Private credit funds are reportedly preparing up to $2.5 billion of financing for a possible sale of US packaging firm Trivium Packaging, which owners Ardagh Group and Ontario Teachers' Pension Plan are exploring.
Maintainer Corporation announced two expansions: an 11,000 sq ft vocational training center and showroom at its north plant, and a 30,800 sq ft extension at its south plant, adding about 60 new employees.
Hennig Power Protection has purchased a second manufacturing building and is expanding it to increase generator enclosure production capacity, adding 250 employees over the next twelve months.
OssDsign was awarded a three-year group purchasing agreement with Premier for its nanosynthetic bone graft OssDsign Catalyst, allowing Premier members access to special pricing.
KMW, a precision manufacturer of agricultural attachments, will invest $105 million to construct a new North American headquarters and production facility in Sterling, Kansas, creating 251 new jobs.
BBP, a Louisiana automation solutions manufacturer, is building a new facility at its Baton Rouge headquarters with a $4.2 million investment. The project will create 75 direct jobs over 10 years and retain 51 positions.