SLB and ChampionX announced a definitive agreement for SLB to buy ChampionX in an all-stock transaction, with ChampionX shareholders receiving 0.735 SLB shares per share. The deal is expected to yield about $400 million in annual pre-tax synergies within three years.
Syensqo (formerly Solvay Specialty Polymers) is expanding its existing plant in Augusta, Georgia, with a new process line (Sarsaparilla Project) to produce polyvinylidene fluoride (PVDF) for electric vehicle batteries. The project, supported by a $178 million DOE grant, broke ground in spring 2024 and is projected for completion by 2027.
Alfiniti, Inc. announced the acquisition of Alabama Tube Corporation, the only manufacturer of welded aluminum tube in the United States. The acquisition expands Alfiniti's product offerings to include welded tube.
Raymond Corporation purchased two buildings at 191 and 196 Corporate Drive in Kirkwood, New York for $9.8 million to provide more space for warehousing and light manufacturing operations.
Corix Infrastructure (U.S.), Inc. and SouthWest Water Company completed their merger on April 1, 2024, creating Nexus Water Group, a regulated water and wastewater utility.
Reliance, a North American metals service center company, acquired all outstanding equity interests of flat-rolled steel service center Mid-West Materials in Perry, Ohio. Mid-West Materials had sales of about $87 million in 2023.
Corix Infrastructure (U.S.), Inc. and SouthWest Water Company completed a merger of their water and wastewater businesses to create Nexus Water Group, Inc., a regulated water and wastewater utility. The merger closed on April 1, 2024.
AGCO Corporation and Trimble closed their $2 billion joint venture transaction, forming PTx Trimble. AGCO acquired an 85% stake and Trimble holds a 15% stake. The joint venture combines Trimble's precision agriculture business and AGCO's JCA Technologies.
Alinabal Group acquired ERW, Inc., a provider of sheet metal fabrication and machined products serving the aerospace and medical device industries, based in Putnam, Connecticut.
RHI Magnesita announced its intention to acquire Resco Group, a US-based producer of alumina monolithics and refractories, for an enterprise value of up to $430 million. Resco operates seven plants in the US and two in the UK and Canada.
Archroma will invest $750,000 in its Allendale County, South Carolina plant, creating 6 new jobs, to expand production of dyes, chemicals, and optical brightening agents for textiles, packaging, paper, coatings, adhesives, and sealants.
Husky Marketing and Supply Company will create 115 jobs and establish a U.S. regional headquarters in Dublin, Ohio, overseeing sales, marketing, and logistics for Cenovus refineries.
Nuvo Packaging, a plastic thermoforming company, will create 100 jobs and invest in a new location in Columbus, Ohio, to serve the eastern U.S. with recyclable food packaging.
GROB Systems broke ground on a 135,000 sq. ft. expansion at its Bluffton, Ohio headquarters, adding 200 jobs and increasing space by 35%. The $24 million project is expected to complete in March 2025.
Nutriband Inc., through its subsidiary Active Intelligence, has received a first purchase order from Fit for Life Group to manufacture fitness equipment and yoga accessories. A supplier agreement is expected.
US pump rental and dewatering provider Holland Pump Company completed its acquisition of Florida Dewatering, based in Tampa, Florida, in Q2 2024.
US pump distributor Tencarva Machinery Company acquired Tri-State Coating & Machine, a Salt Rock, West Virginia provider of thermal coating services and parts to industry, in Q2 2024.
The Knoxville City Council approved Weiler's application to the Iowa Economic Development Authority High Quality Jobs Program for an expansion creating 171 full-time jobs with about $16.8 million investment.
HOERBIGER, through its subsidiary Deublin Company, acquired Diamond-Roltran, LLC, the world's leading manufacturer of maintenance-free slip rings (Roll-Rings®). The acquisition was expected to be completed on March 31, 2024, and expands HOERBIGER's position in rotary unions and slip rings.
Celia Corporation plans to invest $6.9 million to expand its adhesive vinyl film plant in Sparta, Michigan, adding 52 jobs and new equipment to increase capacity.
Schreiber Foods will invest $59 million to expand its dairy processing plant in Wyoming, Michigan, adding 32 jobs, driven by growth in consumer beverage offerings.
Packaging Compliance Labs, a medical device manufacturer, plans a $4.5 million expansion at its locations in Cascade Township and Kentwood, Michigan, creating 50 jobs.
Alto-Shaam Inc. is investing over $25 million to add warehouse and manufacturing space and build a new innovation center at its Menomonee Falls facility to meet growing demand.
Hillphoenix Industrial agreed to a strategic partnership with Cool Refrigeration Systems & Solutions to represent its industrial CO2 refrigeration systems in the Eastern U.S. and Canada, covering 16 states, New York City, Long Island, and Quebec. The partnership became official on March 20, 2024.
Olympus announced it has been awarded a multi-year contract by Provista Inc. for its advanced energy portfolio, including POWERSEAL, SONICBEAT, and THUNDERBEAT devices, effective July 1, 2023. The nationwide agreement provides negotiated pricing to Provista members.
Prevalon Energy, a Mitsubishi Power Americas company, contracted with Idaho Power to supply a complete Battery Energy Storage System (BESS) with up to 328 MWh capacity, including a long-term service agreement. The project is expected to be fully operational in 2025.
The Boeing Co. received a $657,090,000 contract modification from the U.S. Navy to produce and deliver two additional MQ-25 Stingray test aircraft (air vehicles four and five), including tooling and communication system changes. Work is expected to be completed by October 2028.
The Lewis and Clark Regional Water System awarded a $103,669,000 contract to PKG of Fargo for the third and final phase of its water treatment plant near Vermillion, South Dakota. Construction is expected to begin spring 2024 with completion by October 2027.
Moran Iron Works has been awarded a contract by SMS group to fabricate two granulation basins, each weighing 164,000 pounds and measuring 59 feet high and 21 feet in diameter. The basins are used for blast furnace slag granulation to decarbonize the cement industry.
The U.S. Department of Energy selected Sublime Systems for an up to $87 million award to accelerate construction of a low-carbon cement manufacturing plant in Holyoke, Massachusetts. The first commercial facility will open in early 2026 and produce up to 30,000 tons per year.
Uniform Color Company announced a $12 million expansion of its facility in Holland, Michigan, adding 25,000 square feet and new machinery, creating 13 jobs. The expansion was announced on March 28, 2024.
KCC Corporation, the majority shareholder of Momentive Performance Materials, has agreed to acquire the remaining shares from minority shareholder SJL Partners, making Momentive a wholly owned subsidiary. The transaction is subject to customary closing conditions.
Spectro Alloys broke ground on a $71 million expansion at its Rosemount, Minnesota campus to add aluminum recycling capabilities. The 90,000 sq ft facility will add 120 million pounds per year of recycling capacity and create up to 50 new jobs.
Universal Compressed Air (UCA) was selected to design, build, operate and maintain a compressed air station for a large electric vehicle battery plant in the Southeast United States. The station will produce 50,000 to 80,000 scfm with an installed capacity of over 15,000 hp.
JCB announced plans to build a manufacturing plant on 400 acres in San Antonio's South Side, investing at least $265.7 million and creating 1,580 jobs. Groundbreaking is planned for May 2024, with incentives worth nearly $32 million from local and state entities.
The Jones Family of Companies acquired Cades Consulting, a mechanical and engineering company providing consulting and maintenance services to the textile industry, as reported on March 27, 2024.
The Jones Family of Companies expanded production capacity at a facility in Charlotte, North Carolina, as reported on March 27, 2024.
Ralph Jones III, CEO and chairman of the board, became the majority shareholder of the Jones Family of Companies, a textile company based in Humboldt, Tennessee, as reported on March 27, 2024.
Collins Aerospace Government Systems was awarded a $26,036,805 modification on March 27, 2024 to produce and deliver eight Mission Computer Modernization Production A kits and eight Production B kits for the E-6B aircraft. Work will be performed in Richardson, Texas and Oklahoma City, Oklahoma, expected to be completed in May 2026.
Isolatek International announced on March 27, 2024 that it has acquired certain assets of Albi Protective Coatings, a subsidiary of StanChem Resins based in East Berlin, Connecticut. Albi supplies fire-resistive and thermal-resistive protective coatings.
Voith Group is investing nearly $25 million in its Voith Hydro and Voith Turbo facilities in York, Pennsylvania. Voith Hydro is investing almost $20 million to install new machine tools for hydropower manufacturing, and Voith Turbo is investing $5 million to add 10,000 square feet for rail industry manufacturing.
GE Power was selected by Fortress Transportation and Infrastructure Investors to supply a 7HA.02 gas turbine, steam turbine, generator, HRSG, and a multi-year services agreement for the Long Ridge Energy Generation Project in Hannibal, Ohio. The plant is scheduled for completion by November 2021.
Expansa has completed construction and commissioning of a new 15,000 sq ft resin regeneration plant in Houston, Texas. Phase 1 adds up to 288,000 cubic feet of resin regeneration capacity per year.
Polywood, a leading high-density polyethylene outdoor living brand, was sold to Arsenal Capital Partners in partnership with BayPine LP. Financial terms were not disclosed.
Diploma PLC announced the proposed acquisition of Peerless Aerospace Fastener LLC, a distributor of specialty fasteners into US and European aerospace markets, for approximately £236 million ($300 million). The transaction is expected to complete in the next few weeks.
HRS Heat Exchangers has won its largest ever component order, valued at $3.8 million, for a North American client. The heat exchangers will be manufactured at its facility in Murcia, Spain, and delivered in late 2024.
Industrial Manufacturing Specialties Inc., a manufacturer of precision aerospace components for space launch vehicles, plans a $2.68 million expansion of its facility on Alabama 67 near Priceville, including new CNC equipment, to increase production by about 30% and add three jobs.
Southland Holdings' subsidiary Oscar Renda Contracting was awarded a $56 million contract to construct a new wastewater treatment plant facility in the Southwest. The scope includes a headworks facility, influent pump station, extended aeration basin, blower building pad, administration building, and UV disinfection facility.
TAYLOR, a commercial and industrial contractor, was awarded the construction management contract for a multi-phase site improvement and facility expansion of Carolina Container in Hickory, North Carolina. Phase 2 adds a 65,000 sq ft production space, a 14,000 sq ft loading dock and 11,000 sq ft of WIP storage.
Becker Pumps Corp has completed the acquisition of Air-Vac Systems Inc, a vacuum pump and air compressor sales and service provider in El Cajon, California, to expand its repair and service network across the US and Canada.