ANDRITZ received an order from TPC Group to supply a Selective Catalytic Reduction (SCR) system for NOx abatement at a power boiler in Houston, Texas. The system is scheduled to go into operation in July 2024.
Douglas Manufacturing, a Group Rulmeca Company, broke ground on a new idler production facility in Pell City, Alabama on February 20, 2024. The multi-million-dollar project will create over 50 jobs and is expected to be completed by the end of 2025.
Corrosion Innovations LLC acquired HoldTight Solutions Inc., a specialty chemical company based in Houston, Texas. The sale closed on February 20, 2024.
Montana Technologies announced a $10 million investment from Rice Investment Group as part of a private capital consortium led by Carrier Ventures, to accelerate commercialization of its AirJoule HVAC system. The investment supports Montana's business combination with Power & Digital Infrastructure Acquisition II.
Döhler North America launched the expansion of its Cartersville, Georgia plant, adding advanced production lines and R&D labs focused on compounds, liquid flavors, extractions, and syrups. The first phase addresses immediate growth needs and lays the foundation for future expansions.
Acri Capital Acquisition Corporation, a SPAC, entered into a definitive business combination agreement with Foxx Development Inc., a consumer electronics and IoT solutions company. The combined company will list on Nasdaq.
Douglas Manufacturing Co. plans to invest $11.7 million to expand its production facility in Pell City, Alabama, constructing a 50,000-square-foot idler plant and adding 50 jobs.
Argosy Healthcare Partners completed a recapitalization and partnership with Command Medical Products, a contract manufacturer of single-use disposable medical devices. The deal was announced on February 20, 2024.
Hitachi Construction Machinery Americas opened a new regional headquarters in Newnan, Georgia, on a 19-acre campus that includes office, training, and conference space. The facility responds to a tenfold increase in demand for its earthmoving machines.
cunova GmbH and SDCL EDGE Acquisition Corporation announced a definitive business combination agreement that will make cunova a publicly listed company on the NYSE. Simultaneously, cunova will acquire KME Group's aerospace specialty metals business. The combined company is expected to have an enterprise value of approximately US$736 million.
Toyota Material Handling is planning a major expansion at its Columbus, Indiana site with a $100 million investment for a 260,000 square foot facility to meet growing demand for electric forklifts, starting production in June 2026.
Quantic Wenzel has been selected by Northrop Grumman to engineer and manufacture key electronic assemblies for the AN/SLQ-32(V)7 SEWIP Block 3 program, a multi-year contract for the U.S. Navy.
ABB won an order from GNA alutech to supply four electromagnetic stirrers for a new melting and casting complex at a US aluminum manufacturer. The complex is under construction and commissioning is expected in late 2024.
Cloyes Gear & Products acquired Automotive Tensioners Inc. (ATI), a supplier of front-end accessory drive pulleys and tensioners for the automotive aftermarket. Terms were not disclosed.
Ramkrishna Forgings secured a $220 million contract to supply forged products to Tier 1 customers in the North American light vehicle segment, spanning over a decade.
MediThinQ announced a strategic partnership with Medtronic to introduce its AR wearable display, Scopeye, into the U.S. market for surgical applications.
Wenzel Associates has been selected by Northrop Grumman to engineer and manufacture key electronic assemblies for the AN/SLQ-32(V)7 SEWIP Block 3 program, a multi-year contract for electronic warfare systems.
KME Group announced that its subsidiary KME SE signed a Business Combination Agreement to combine cunova GmbH (special products) and KME Aerospace into a publicly listed entity via SPAC SEDA. KME SE will convert its 45% stake in cunova and receive a majority stake in the combined company plus $20 million cash. Completion expected in Q2 2024.
Welch Packaging acquired Innovative Packaging Solutions, a corrugated manufacturer in York, PA, expanding its footprint into the Mid-Atlantic. Terms were not disclosed.
Compact Membrane Systems will invest $3.1 million to expand operations in New Castle, Delaware, building out 10,864 square feet of R&D and manufacturing lab space plus 4,200 square feet of additional space. The company expects to add at least 38 employees over three years.
In tandem with the acquisition, Hasa is completing two new state-of-the-art packaging and transfer facilities in the San Antonio and Dallas metropolitan areas.
Hasa, Inc., a portfolio company of Wind Point Partners, acquired Chem Eleven Products, Inc. and select related assets from its parent company FSTI, Inc. The acquisition bolsters Hasa's production and service footprint in Texas.
TNA Solutions redesigned and optimized Mister Bee Potato Chips' manufacturing site in Parkersburg, West Virginia, achieving a 400% capacity increase with new packaging equipment.
CMC, a specialist in tracked aerial platforms, has completed the acquisition of 100% of All Access Equipment Inc, its US dealer.
PlantSwitch raised $8 million to commercialize its bioplastics technology.
GlobalFoundries will construct a new state-of-the-art fab on its Malta campus to meet expected customer demand for U.S.-made essential chips for automotive, aerospace, defense and AI markets.
The U.S. government is awarding $1.5 billion to GlobalFoundries to subsidize semiconductor production, the first major award from the CHIPS Act fund. GlobalFoundries will build a new semiconductor plant.
HD Hyundai Electric plans to invest 18 billion won in its Alabama transformer plant to increase production capacity by about 20%.
TechnipFMC has been awarded a contract valued between $250 million and $500 million by Shell for the Sparta deepwater development in the Gulf of Mexico. The contract covers engineering, procurement, construction, and installation of high-pressure subsea production systems rated up to 20,000 psi.
GlobalFoundries will invest more than $11.6 billion over 10 years to expand its existing Fab 8 site in Malta, New York, including building a new 358,000-square-foot semiconductor manufacturing facility. The project will create over 1,500 direct jobs and thousands of indirect jobs.
Bridgeport Machine Tool Company was acquired by InCompass, the platform company of Colchester Machine Tool Solutions. Bridgeport will continue as an InCompass brand, pooling knowledge with Colchester.
Jamestown Container Companies agreed to acquire the packaging business of Midwest Box Company in Cleveland, Ohio, effective February 19, 2024. Terms were not disclosed, and Midwest Box will operate as a division of Jamestown Container.
Craft Beverage Warehouse is installing a second multimillion-dollar German-made digital print-to-can line at Milwaukee's Century City Business Park, expected to start operating by end of May and create six to eight jobs.
Shell awarded TechnipFMC an integrated EPCI contract to manufacture and install 20K-psi high-pressure subsea production systems, umbilicals, risers and flowlines for the Sparta greenfield development in the Gulf of Mexico.
Synthio Chemicals Inc. was awarded an $8.2 million contract under the Defense Production Act Title III to establish domestic production of stabilizers/burning rate moderators and smoke dyes. The award will support rapid expansion of manufacturing capability to over 100 tons per year.
First Mode opened a 40,000-square-foot clean technology manufacturing facility in Seattle's SoDo District to produce components for retrofitting up to 150 ultra-class mining trucks annually into low-carbon or zero-emission electric vehicles.
Ellwood National Forge has secured a five-year, $49.7 million contract from the U.S. Army to assemble BLU-109 penetrator bomb bodies and MHU-212 bomb pallets. The contract runs until February 15, 2029, for the U.S., its outlying areas, or Canada.
ABB has entered into an agreement to acquire SEAM Group, a provider of energized asset management and advisory services. The acquisition will broaden ABB's Electrification Service portfolio in the US, adding 3,000 customer sites. The transaction is expected to close in Q3 2024.
ITP Aero has completed the acquisition of BP Aero, a Texas-based provider of aircraft engine aftermarket services, following regulatory approvals. This is ITP Aero's first MRO acquisition and its first in the United States.
GE has announced it will invest up to $5 million over two years to add a second manufacturing location for GE TM 2500 and LM2500Xpress aeroderivative units at its Global Technology Center in Greenville, South Carolina, USA, to serve the Americas region.
Galleher Industries acquired Fleet Parts & Service Inc., a maker of replacement truck body parts, to broaden its national network and product portfolio for truck body and trailer OEMs and fleet operators.
Jets MRO, a Dallas-based aviation maintenance company, has acquired Florida-based Britt Metal Processing, a repair shop. This is Jets MRO's first acquisition.
Agility Robotics plans to open a new factory called RoboFab in Salem, Oregon, to mass-produce humanoid robots. The facility is expected to eventually produce up to 10,000 robots per year.
Crown Equipment Corporation is expanding to Kingman, Arizona, establishing a presence at the Kingman Industrial Park. The facility is 640,000 sq. ft. and the company purchased 16 acres of adjacent land for future expansion.
DLA Aviation awarded Goodrich Corporation a fixed-price, requirements-type contract valued at $76,332,814 for F-15 Heat Sink Assembly Exchange. The contract was awarded on a sole-source basis on February 15, 2024.
OriginClear's subsidiary Water On Demand and Fortune Rise Acquisition Corporation filed a registration statement for a business combination, with a pro forma combined equity valuation of approximately $72 million. The combined company is expected to list on Nasdaq under ticker WODI.
Tompkins Solutions will integrate Soft Robotics' mGripAI grasping technology into logistics operations under a new partnership.
Solarcycle plans a solar panel recycling and glass manufacturing facility in Cedartown, Georgia, investing an estimated $344 million and creating over 600 full-time jobs. Operations are slated for 2026.
Henkel signed an agreement to acquire the U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners.
GE Vernova's Nuclear Fuel business, Global Nuclear Fuel (GNF), received approval from the U.S. Nuclear Regulatory Commission to manufacture, ship and analyze nuclear fuel with Uranium-235 enrichments of up to 8 weight percent.