Vulcanair North America will establish its headquarters, manufacturing facility and maintenance operations at the Elizabethtown Corporate Airpark, creating 33 initial jobs with potential to expand to over 130.
Greif has opened a state-of-the-art facility in Ohio that adds new capacity to the company's water-based adhesive manufacturing.
ZF Friedrichshafen is investing $500 million in its Gray Court, South Carolina transmission plant to add production lines for its PowerLine transmission, which can be used in both ICE and plug-in hybrid vehicles. The company plans to hire 400 workers and reach a capacity of 200,000 transmissions annually by 2025.
Welspun USA Inc., a subsidiary of Welspun Living, is investing $12.5 million to set up a fully automated pillow manufacturing unit in Ohio, USA. The facility is expected to be operational by September 30, 2024, with a production capacity of 6.7 million pillows annually.
Kelvin Group, backed by Southfield Capital, completed the acquisition of RC&E, Inc., a provider of refrigeration and HVAC services to the food and beverage industry. This is Kelvin Group's tenth acquisition, expanding its presence into Texas and the Midwest.
Arglass has secured over $230 million in capital to build a second furnace on its campus in Valdosta, Georgia, capable of producing over 350 million sustainable glass containers annually.
Paramount Construction Group was awarded a $948,081 contract by the VA's VISN 9 to replace Chiller #2 in Building 1 at the Nashville VA Medical Center. The award date is February 7, 2024.
The U.S. General Services Administration awarded JE Dunn Construction Company a $62.4 million contract for energy efficiency improvements at the Charles E. Whittaker U.S. Courthouse in Kansas City, Missouri. Construction starts in February 2024 and will take about 27 months.
Berry Global agreed to spin off and merge its Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter in a Reverse Morris Trust deal valuing the combined company at $3.6 billion enterprise value. Berry shareholders will own 90% of the combined company and Berry will receive about $1 billion in cash.
Artek US, a Praana Group subsidiary, acquired the energy-related division from Kemira for approximately USD $280 million and merged it with Sterling Specialty Chemicals to form a larger global specialty chemicals business.
Steel River, a catalyst for industrial services, acquired WHECO, a global provider of crane and heavy-equipment repair, restoration, and inspection. The acquisition expands Steel River's capabilities and facilities.
Triumph Group's Systems, Electronics and Controls business was awarded a five-year contract by the US Army to upgrade EMC32T Hydraulic Metering Assembly fuel controls on T55 engines for the CH-47 Chinook helicopter fleet, overhauling over 100 units per year from 2024 through 2028.
Doowon Climate Control America, Inc. will invest more than $30 million in a new manufacturing facility in Metter, Georgia, creating 200 jobs. The facility will produce climate control systems for traditional and electric vehicles, with operations projected to begin in 2026.
The Health, Hygiene and Specialties Global Nonwovens and Films Business of Berry Global Group, Inc. entered into a definitive agreement to acquire Glatfelter Corporation for approximately $550 million on February 6, 2024. The transaction will create a combined company valued at $3.6 billion enterprise value, with Berry shareholders owning 90% and Glatfelter shareholders 10%.
Hitachi Construction Machinery has started full-scale operation of a 24/7 remote monitoring support system called the Technological Centre of Excellence.
UVA LIDKÖPING, with parent company Dacke Industri, acquired 100% of the shares of CNC North, a US provider of mechanical rebuild solutions for grinding equipment, on February 5, 2024.
Acerinox announced it will invest $200 million over four years at Haynes International's US production sites, including a new vacuum induction melting furnace, a new forge, and additional finishing lines.
Heat pump manufacturer Energy Catalyst, LLC received an $850,000 Empire State Development Grant and a $1.135 million Excelsior Jobs Tax Credit to construct a new facility in North Troy, New York. The facility will include an assembly line, testing lab, training area and office spaces.
Bender CCP, along with other contractors, was awarded a combined $943,999,625 firm-fixed-price, multiple award contract by the Naval Sea Systems Command for repair, maintenance and modernization of non-nuclear Navy surface ships homeported in or visiting the Everett, Washington region. Work will be performed at Bender CCP's Kent, WA facility and is expected to be completed by January 2029.
PGT Innovations is revamping a former Rolls-Royce jet engine plant in Prince George, Virginia, into a manufacturing facility for its new Triple Diamond Glass (TDG) insulating glass products. The $54.3 million investment will create 500-600 jobs when fully operational.
In connection with the acquisition, Acerinox will invest an additional $200 million in U.S. operations, including $170 million in Haynes' operations.
Haynes International agreed to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, for $61.00 per share in cash. Acerinox will also invest an additional $200 million in U.S. operations, including $170 million in Haynes' operations.
Newterra Inc. acquired the aeration and mixing assets from Aeromix Systems Inc., a division of Fluence Corporation Ltd., including brands such as Tornado and Hurricane.
Ahlstrom has opened a new $68 million facility in Madisonville, Kentucky, housing a glass fiber tissue production line for flooring materials and other applications. The facility creates over 50 new jobs.
Welspun Living, via its subsidiary Welspun USA Inc., is setting up a fully automated pillow manufacturing unit in Ohio, USA, with an investment of $12.5 million. The unit is expected to be operational by September 30, 2024, with a capacity of 6.7 million pillows annually.
An aerospace manufacturer south of Austin, Texas, is planning a $40 million expansion project from 2024 to 2029, according to city documents. The company is among the largest private-sector employers in San Marcos.
Cooper Machinery Services, a portfolio company of Arcline Investment Management, announced on February 5, 2024 that it acquired Tucker Valve Seat Company, a Odessa, Texas maker of industrial alloy valve seats founded in 1957.
DXP Enterprises, Inc. completed the acquisition of Kappe Associates, Inc., a Frederick, Maryland distributor and manufacturers' representative of pumps, controls and process equipment for the water and wastewater industry. DXP funded the deal with balance sheet cash; the price was not disclosed.
ABB has begun construction of a new 12,000-square-foot calibration hall in Bartlesville, Oklahoma, to strengthen its flowmeter calibration capabilities. The facility is expected to begin operations in early 2025.
Thor Medical Automation, Inc. announced a partnership with YKK (U.S.A.) Inc. to design and manufacture medical component production machinery. The partnership aims to improve cost, quality and throughput for medical device manufacturing.
Comfort Systems USA, Inc. acquired J & S Mechanical Contractors, Inc., a provider of mechanical construction services based in West Jordan, Utah. The acquisition is expected to contribute annualized revenues of approximately $145 million to $160 million.
Reliance Steel & Aluminum Co. acquired all outstanding equity interests of Cooksey Iron & Metal Co., a metals service center processing and distributing finished steel products. Cooksey will operate as a subsidiary of Metals USA.
LyondellBasell announced the divestiture of its Ethylene Oxide and Derivatives business for $700 million.
LyondellBasell has agreed a supply deal with MSI Technology for MSI to supply LyondellBasell's polybutene-1 resin line for consumer packaging applications in North America.
Evonik is investing a mid-double-digit million euro amount to build a new production line for precipitated silica at its Charleston, South Carolina site, increasing capacity by 50%. Construction begins mid-2024, operations start early 2026.
SocoFlame, a subsidiary of Groupe Socomore, completed its acquisition of Flamemaster Corporation, a supplier of sealants for the aerospace industry in North America.
Koerber has acquired a majority stake in Rondo-Pak LLC, a New Jersey printing and pharmaceutical packaging company it previously ran as a joint venture since 2015. The acquisition took effect on 1 February 2024 and Rondo-Pak will operate under the Koerber brand.
Oldcastle BuildingEnvelope acquired Midwest Glass Fabricators, a producer of glass and metal products based in Highland, Michigan, in February 2024.
Kagome Co., Ltd. increased its stake in Ingomar Packing Company from 20% to 70%, making it a majority-owned subsidiary. Ingomar is a major tomato primary processor, ranked 2nd in the US and 4th in the world.
CITCO Water announced the addition of Aulick Chemical Solutions to its family, forming a combined chemical solutions offering for the water and wastewater treatment industry. Aulick is based in Nicholasville, Kentucky.
Republic Services opened the first vertically integrated plastics recycling facility in North America, the Polymer Center in Las Vegas, Nevada, designed and installed by STADLER and Krones. The plant will produce over 100 million pounds per year of recycled resin products.
Amcor is adding thermoforming equipment to its Oshkosh, Wisconsin plant's Class 7 cleanroom to produce thermoforms and lids for medical, pharmaceutical, and consumer health customers. The new equipment is expected to be operational by December 2024.
Alabama Power is expanding the James M Barry electric generating plant in Alabama with two new 727MW natural gas-fired combined-cycle units (Units 8 and 9), totaling 1.4GW. Unit 8 began operations in November 2023, and Unit 9 is expected to be operational by November 2025.
Hiab, part of Cargotec, received two orders in Q4 2023 worth up to $40 million: a €23.8 million order from a national home improvement chain for MOFFETT truck-mounted forklifts, and a €12 million order from a national building supply chain for HIAB loader cranes and MOFFETTs. Deliveries are throughout H1 2024.
Ørsted agreed to acquire Eversource's 50% stake in the 924 MW Sunrise Wind offshore wind farm in New York, becoming sole owner, contingent on regulatory approvals and a successful New York solicitation award.
General Atomics Aeronautical Systems Inc. was awarded a $17 million contract to provide sustainment support services for the Italian Air Force's MQ-9 Reaper drones, including engineering, depot repair, spare parts, and software maintenance.
Novelis signed a new contract to supply aluminium beverage packaging sheet to Ardagh Metal Packaging's metal production facilities in North America. This is the third major contract Novelis has signed in less than seven months for the beverage packaging market in North America.
Raytheon, an RTX business, has been awarded a $20 million contract through the S2 MARTS consortium to develop a next-generation multi-chip package for military sensors, using commercial devices from AMD and others.
Honeywell announced an $84 million expansion of its Olathe, Kansas manufacturing facility, creating 156 permanent jobs plus 268 temporary construction jobs.
US thermal laminates distributor Nobelus acquired the film division of McKinleys Group, announced on 1 February 2024.