Leigh Fibers' owners purchased the operating assets of Martex Fiber and rebranded the business as Revive Fiber. The companies will operate as separate sister companies under joint management.
Haemonetics has agreed to acquire Attune Medical, manufacturer of the ensoETM esophageal cooling device, for $160M upfront plus contingent consideration, expected to close in Q1 of fiscal year 2025.
RHI Magnesita is investing more than US$35 million in technology, infrastructure, and equipment upgrades across North America, including expanded manufacturing capacity, a new production line in Huron, Ohio, and facility modernizations in Kentucky, Ohio, and Pennsylvania.
camLine, part of Elisa Industriq, has acquired Romaric, a Utah-based factory automation and throughput optimization software provider, to extend its offering with material control system solutions.
Joby Aviation acquired an existing facility at Dayton International Airport in Ohio to support initial manufacturing operations, expected to begin later in 2024. The facility will be used for subtractive manufacturing of titanium and aluminum aircraft parts.
Eagle Materials Inc. and Heidelberg Materials US, Inc. entered into a Put Option Agreement on May 1, 2024, granting reciprocal put options for their 50% interests in the Texas Lehigh Cement Company LP joint venture, with a purchase price of $1.1 billion.
Airgain has secured a multi-year, multi-million dollar design win with a Tier One multi-service operator in North America to supply antenna solutions for Wi-Fi 7 customer premise equipment, with shipping expected in the second half of 2024.
Toyota Material Handling North America will establish an advanced energy storage solutions development, prototyping and test center in Henrietta, New York, creating up to 40 new jobs. The center will focus on lithium-ion batteries and fuel cells.
Thermal management firm Modine will invest $18.1 million to expand its Rockbridge County, Virginia operation, adding 211 jobs to increase production of data center cooling equipment.
Crane Engineering, a portfolio company of AEA Investors, has acquired Geiger Pump and Equipment, a Mid-Atlantic distributor of industrial and municipal pump and process equipment. Crane is headquartered in Kimberly, Wisconsin.
Havis, a provider of rugged environment solutions, has acquired Vanner, a power management solutions company based in Warminster, Pennsylvania. The deal aims to expand Vanner's sales reach and accelerate vehicle electrification products.
H&T Recharge will supply lithium-ion battery cans to Panasonic Energy's Kansas facility, with an anticipated annual capacity of about 30 GWh, extending an existing supply relationship with the Nevada plant. The Kansas facility is scheduled to begin operations by March 2025.
Trulite Glass & Aluminum Solutions LLC finalized the acquisition and merger of American Insulated Glass, expanding its footprint in the Midwest and East Coast markets. Financial terms were not disclosed.
Nissha Medical Technologies (NMT) has closed its acquisition of Isometric Micro Molding, combining NMT's endoscopic device expertise with Isometric's micro-molding capabilities.
Figeac Aéro has been awarded three new contracts for aerostructure parts by American clients. At cruising speed, these contracts will correspond to combined annual revenue of around €6 million, with a total combined value of approximately €20 million.
Aurora Material Solutions, a manufacturer of polymer compounds, has acquired EnCom Polymers, a U.S. manufacturer of customized specialty engineered thermoplastics. The acquisition expands Aurora's product offering and strengthens its Engineered Thermoplastics business segment.
SCF Partners has acquired the Pipeline and Industrial Materials business from Entegris Inc., which includes Flowchem, Val-Tex, and Sealweld. These businesses supply drag reducing agents, valve maintenance products, and services for midstream infrastructure.
JUMBO has put a new PyroDry 5000 plant into operation in Freeport, Illinois, USA.
FTBC, a joint venture between Fujihatsu Tech America and Toyota Tsusho America, announced a new production operation in Liberty, North Carolina, to manufacture prismatic aluminum cell cases and covers for EV batteries. The $60 million investment will create 133 jobs, with mass production starting in 2025.
Stellar Industries plans to expand operations in Mason City by purchasing a former distribution facility adjacent to its existing plant, adding 155,000 square feet and 18 acres. The company will invest over $15 million and create at least 40 new jobs over five years.
Sandvik completed the acquisition of Cimquest, a Mastercam Reseller in New Jersey, which will be part of Mastercam.
AHB Tooling and Machinery, LLC acquired Central UP Industrial Supply, Inc as of March 1, 2024. All employees of Central UP will become employees of AHB and remain at the same facility.
Boeing confirmed it is in preliminary discussions to acquire Spirit AeroSystems, the supplier it spun off in 2005. The talks also include Spirit discussing the sale of its Belfast plant to Airbus.
AAR CORP. completed its acquisition of Triumph Group's Product Support business for $725 million in cash. The deal was announced on December 21, 2023, and closed on March 1, 2024.
Kafrit has acquired Badger Color Concentrates, a Wisconsin-based company. No financial details were disclosed.
Niterra Co., Ltd. announced that its subsidiary NTK Technologies, Inc. will be merged into Niterra North America, Inc., effective April 1, 2024. The merger aims to improve brand value and streamline operations.
H2O Innovation Inc. acquired Itasca Systems Inc. for $24 million. Itasca Systems provides specialized water systems engineering and technical services for membrane filtration and other treatment technologies.
Mercury Systems received a five-year, $243.8 million IDIQ contract from the U.S. Navy to deliver rapidly reprogrammable electronic attack training subsystems for the Naval Air Warfare Center Weapons Division. The initial order is $20.3 million.
American Event Services closed its acquisition of Riverview, Florida-based Canariis Corporation, a maker of packaged HVAC, plumbing and fire-protection systems. Canariis becomes a wholly owned subsidiary of AES.
Atlas Copco Group acquired Zahroof Valves Inc., a Houston-based designer and assembler of reciprocating compression valve technology with 44 employees and about 130 MSEK revenue in 2023. The purchase price was not disclosed.
Oaktree Capital Management funds agreed to acquire LPW Group Holdings, a designer and manufacturer of valves, actuators, fittings and flanges for chemical and energy markets. Terms were not disclosed.
TRS Services, a provider of MRO services for industrial gas turbine engine parts, was acquired by Battle Investment Group. The transaction closed on February 29, 2024; terms were not disclosed.
EVAPCO, Inc. is expanding its Taneytown, Maryland headquarters by adding 45,000 square feet of office space over two years, creating 275 new jobs and bringing total employment to over 840 workers in Carroll County.
Fortune Brands Innovations, Inc. acquired SpringWell Water Filtration Systems, a residential water filtration and softening company, for approximately $105 million on a cash-free, debt-free basis.
Bell Textron Inc. is considering investing $157 million to establish a new advanced manufacturing plant in Alliance, north Fort Worth, Texas, creating 75 jobs initially. The company is applying for state incentives and evaluating sites across three states.
Pentagon Technologies Group, a subsidiary of Kurita Water Industries, announced it is building a new precision cleaning facility in Mesa, Arizona. The $50 million, 65,500-square-foot facility will create up to 300 jobs and is expected to be operational in Q4 2024.
Wienerberger AG acquired Summitville Tiles Inc, an Ohio-based brick manufacturer specializing in brick slips for prefabricated façade systems.
Garware Fulflex India Private Limited acquired Avcor Healthcare Products Inc, a manufacturer of compression dressings and bandages, integrating it into its global portfolio.
UBE Corporation will invest $500 million to build its first U.S. manufacturing facility for EV battery ingredients DMC and EMC in Jefferson Parish, Louisiana. The project is expected to create 9 direct jobs and 300 construction jobs.
General Shale, North America's largest producer of building material solutions, announced the acquisition of Summitville Tiles, a producer of ceramic tile and thin brick solutions based in Ohio. The acquisition closed on February 29, 2024.
GE Vernova announced an order from Kindle Energy for six LM2500XPRESS power packages for the Mountain Peak Power plant in Keenesburg, Colorado. The plant is expected to be operational by 2025, generating up to 162 MW.
Medtronic won a USD26,129 federal contract from the Department of Veterans Affairs in Dayton, Ohio, for surgical appliance and supplies manufacturing.
Kion North America released the Linde Series 1293 electric forklift range to the North American market, including the E20BHP and E25BHP models.
An unnamed US automaker will use Plug Power hydrogen infrastructure and fuel cells at a new electric vehicle manufacturing facility scheduled to begin operation in 2025.
PROBAT, a coffee roasting equipment leader, acquired AC Horn Manufacturing, a US-based producer of food processing equipment, to expand its product offering in nut and snack processing.
GE's Board of Directors approved the spin-off of GE Vernova, which will begin trading on April 2, 2024. GE shareholders will receive one share of GE Vernova for every four GE shares held on March 19, 2024, and GE will then operate as GE Aerospace.
The U.S. Navy awarded Boeing a $3.4 billion contract to manufacture 14 P-8A Poseidon aircraft for the Royal Canadian Air Force and three for the German Navy. First delivery to Canada is expected in 2026.
Press Glass will break ground in Q2 2024 on a $155.2 million, 360,000-square-foot expansion of its Ridgeway plant in Henry County, Virginia. The project is expected to create 335 jobs and include automation upgrades.
Herc Rentals acquired MAC Equipment, a rental company for aerial, forklifts, and telehandlers in Albany, NY, from Rob and Janice Miller.
Vitro Architectural Glass was selected by the U.S. General Services Administration for a $10 million contract to supply Solarban 60 glass for the Powell Courthouse and Annex renovations.