Novelis, a subsidiary of Hindalco, acquired Aleris Aluminum Corporation of the United States for about $2.6 billion, including assumed debt, becoming the world's largest flat-rolled aluminum products company. The acquisition was announced on July 26, 2018.

Marvell Technology Group announced an agreement to acquire US analog chip manufacturer Inphi in a cash and stock transaction totaling $10 billion.

A consortium led by KCC, Wonik and SJL agreed to acquire Momentive Advanced Materials Group (MPM) for approximately $3.1 billion, entering the final M&A agreement stage.

Meggitt and Bell Textron signed a five-year contract worth approximately $73 million for Meggitt to supply composite material de-icing propeller rotor shrouds, heatable hubcaps, fairings, and swing bars for the V-22 Osprey tiltrotor aircraft.

Apogee Equity Partners announced the sale of Franklin Heating Cooling & Refrigeration, Inc. to Timmerman Capital, completed on December 28, 2023.

Wallenius Wilhelmsen placed an order with Kalmar for four heavy electric forklifts, two electric reachstackers, and three heavy terminal tractors, booked in Cargotec's Q4 2023 order intake.

Circularix, a producer of food-grade rPET pellets, agreed to source an unspecified portion of its postconsumer PET flake from Republic Services' polymer centers. Circularix operates a Hatfield, Pennsylvania plant and plans a second in Ocala, Florida.

WPT Nonwovens Corp. has started up its $19.5 million manufacturing facility in Ohio County, Kentucky, adding a 75,000-s.f. carded nonwoven production line with over 12,000 annual metric tons of capacity for HVAC filtration media and hygiene fabrics.

On January 12, 2024, Hexcel and Woodward announced a final agreement for a peer-to-peer merger of all shares, creating a new company called Woodward Hexcel. The transaction is valued at approximately $6.43 billion based on closing prices on January 10.

Parker Freeze Dry, a division of ProForm Fabrication, has moved into a new 130,000-square-foot facility in Beresford, South Dakota, equipped with state-of-the-art equipment to expand freeze dryer production capabilities.

Thornhill Research Inc. was awarded a contract by the U.S. Defense Logistics Agency Troop Support to provide up to US$356 million of its portable MADM anesthetic systems and MOVES SLC life-support equipment over five years, with a five-year renewal option.

Thornhill Medical, through the Canadian Commercial Corporation, signed a contract with the U.S. Department of Defense's Defense Logistics Agency to supply up to $356 million USD of anesthesia and life-support system equipment, announced on January 11, 2024.

Summit Materials completed the acquisition of Argos USA Corporation from Cementos Argos S.A. and others for $3.2 billion in a cash and stock transaction, announced on September 7, 2023 and completed on January 11, 2024.

Mindray has signed a five-year agreement with WakeMed Health & Hospitals to provide patient monitoring systems, including BeneVision Distributed Monitoring System and N-series monitors, for approximately 2,300 devices across three hospitals in Raleigh, N.C.

Heritage Global Partners, New Mill Capital, Federal Equipment Company and Keith Machinery Corp have acquired a state-of-the-art pharmaceutical plant in Fenton, Missouri, formerly owned by Alkem Laboratories.

Xos, a manufacturer of medium-duty commercial electric trucks, has entered into a definitive agreement to acquire all shares of ElectraMeccanica in an all-stock transaction. The deal will provide Xos with access to ElectraMeccanica's approximately $48.5 million cash balance to meet growing demand for zero-emission trucks.

JGT2 Redevelopment LLC, a joint venture of New Mill Capital Holdings, Infinity Asset Solutions and Camjay LLC, has acquired the assets of Pixelle Specialty Solutions in Jay, Maine, including the paper mill site, equipment and cogeneration power plant. The new owners plan to repurpose the site for alternative industrial uses and energy projects.

CCMP Growth Advisors has partnered with founder Mike McGinnis to invest in Innovative Refrigeration Systems, a leader in industrial refrigeration systems. Financial terms were not disclosed.

The US Army has awarded 3M a $34.2 million contract to develop medical solutions for traumatic wounds, infection, and healing processes. The project will run from 2023 to 2027.

Smith-Midland Corporation has commenced construction to double the size of its Reidsville, North Carolina plant, investing almost $2 million to expand the facility to 30,000 square feet and add a 20-ton crane.

Baltimore Aircoil Company (BAC) announced a $16.5 million investment in its production facility in Dayton, Tennessee, to expand manufacturing operations. The investment includes adding coil-manufacturing and material-handling equipment, and is expected to create 63 new jobs.

The Canadian Commercial Corporation (CCC) was awarded a contract by the U.S. Department of Defense to supply up to $356 million USD of anesthesia and life-support equipment from Thornhill Medical to the Defense Logistics Agency Troop Support.

DooLim-Yaskawa will supply 212 robots for painting, sealing, and quality inspection at Hyundai Motor Group's Meta Plant America (HMGMA) in Georgia, USA. The off-line test was completed in December 2023.

GE Vernova signed a equipment and long-term services deal with Pattern Energy to supply 674 wind turbines for the 2.4 GW SunZia Wind project in New Mexico. It is the largest single onshore wind turbine order received by GE Vernova.

Fairbanks Morse Defense, an Arcline portfolio company, acquired Hunt Valve Company, a maker of naval valves and electromechanical actuators with facilities in Salem, Ohio and Montreal. Financial terms were not disclosed.

GEA began operations at a new 86,000 square-foot fabrication, repair, logistics and training facility in Janesville, Wisconsin, representing about USD 20 million of investment. The site employs over 70 people.

Current Tools Inc., an industrial-tool manufacturer in Wellford, South Carolina, established a partnership with private equity firm LFM Capital. The partnership aims to provide resources for continued growth.

American Municipal Power selected Caterpillar and MacAllister Machinery to supply 20 MW of behind-the-meter natural-gas power generation for Marshall, Coldwater, and Clinton, Michigan, with commissioning scheduled for mid-2024.

Leonardo DRS has been awarded contracts valued at over $3 billion to provide integrated electric propulsion system products for the U.S. Navy's Columbia-class submarines, covering shipsets through shipset 12.

Renesas Electronics Corporation agreed to acquire Transphorm, Inc., a GaN power semiconductor manufacturer, for $5.10 per share in cash, totaling approximately $339 million. The deal is expected to close in the second half of 2024.

OriginClear's subsidiary Water On Demand signed a Letter of Intent to acquire Plastic Welding and Fabrication Ltd., a manufacturer of enclosures for its modular water systems, to bring manufacturing in-house.

Trane opened a third facility in Grand Rapids, Michigan, to produce air-cooled chillers for data center and high-tech markets, nearly quadrupling its commercial production space in the region and creating about 50 jobs.

Meridian Adhesives Group opened a new manufacturing facility in Las Vegas, Nevada, featuring advanced production and R&D capabilities, to expand capacity for high-performance adhesives.

Arrotek opened two new cleanrooms (ISO Class 7 and ISO Class 6) at its medical device design and manufacturing facility in North Attleboro, Massachusetts, to expand capacity and meet customer demand.

Pratt & Whitney was awarded a fixed-price contract by DLA Aviation to provide comprehensive support for F100 aircraft engines for the US Air Force, worldwide US Military, and Foreign Military Sales customers.

Carrier Global Corp. agreed to help develop and commercialize Montana Technologies' AirJoule dehumidification and cooling technology for HVAC systems, with a conditional $10 million growth equity investment and potential exclusive rights in the Americas for three years.

TRInternational, rebranding as Catalynt Solutions, has acquired ChemBlend of America, LLC and American Chemie, Inc. ChemBlend's custom solutions capabilities and American Chemie's specialty distribution expertise expand Catalynt's offerings in formulating, manufacturing, testing, packaging and distribution.

Astrodyne TDI acquired Powertronix, a Foster City, California-based designer and manufacturer of electrical components and AC power systems, including power supplies, transformers, coils, and inductors.

Infineon Technologies has formalized a supply agreement with SK Siltron CSS for 150-millimeter silicon carbide wafers, supporting SiC semiconductor production, with a future phase for 200-millimeter wafers.

ALTANA has entered into an agreement to acquire Silberline Group, a U.S. manufacturer of aluminum effect pigments, to expand its ECKART division and strengthen presence in North America and Asia.

Ligne Roset has committed to procure a significant portion of the production capacity of MycoWorks' luxury biomaterial Reishi from its new full-scale plant in South Carolina.

A German drug packaging and medical device manufacturer is investing $88 million to build a new assembly plant in Peachtree City, Georgia, and hire more than 200 new employees.

Tri-Tech Forensics acquired Hartwell Medical, a manufacturer of emergency medical care and first responder products. The acquisition expands Tri-Tech's emergency medical supply offering and its Rescue Essentials division.

MEB's Richmond Division was awarded a $10 million contract by the South Central Wastewater Authority for the Nutrient Reduction Phase 1 Sludge Conditioning Improvements Project in Petersburg, Virginia. The project includes demolition and replacement of belt filter presses and gravity belt thickeners, and installation of lime stabilization equipment and SCADA upgrades.

GenServe, a portfolio company of GenNx360 Capital Partners, has acquired the commercial division of Austin Welder & Generator Service, Inc., a generator maintenance and repair company in Austin, Texas. The residential division was excluded from the transaction.

Tom Barrow Co. announced a strategic partnership with H&B Engineered Products, a HVAC solutions provider in Washington D.C., Northern Virginia, and Maryland markets, to enhance its capabilities and geographic reach.

Carrier is selling its global commercial refrigeration business to joint venture partner Haier for $775 million. Carrier expects net proceeds over $500 million.

GE Vernova announced a record equipment order and long-term service deal to deliver over 600 wind turbines for Pattern Energy's SunZia Wind Project in New Mexico, expected to be the largest wind farm in the Western Hemisphere.

Palmer Johnson Enterprises acquired Greenville, South Carolina-based Continental Engines, a distributor of diesel engines and generators. Continental Engines' president Jeff Cooper will remain to lead the business.

Multi Parts (MPS) acquired American Chrome Company (ACC), a distributor of chrome wheel accessories for heavy-duty trucks. The acquisition was announced on 2024-01-09.