Baltimore Aircoil Company will invest $16.5 million to expand its manufacturing operations in Dayton, Tennessee, creating 63 new jobs.
Beijer Ref signed an agreement to acquire the assets of Webb Supply, a wholesale HVAC distributor in Cleveland, Ohio, serving Northeastern Ohio and Western Pennsylvania. Webb has annual sales of approximately SEK 200 million and employs about 40 people.
BAE Systems was awarded a $77 million U.S. Navy contract for F-35 production and modifications.
Siemens provided drives, PLC, safety I/O, and other automation hardware and software for a fully-automated coil handling system at a major U.S. steel mill in Arkansas, designed and implemented by Morgan Automation.
Surteco Group SE acquired the Laminates & Performance Films and Coated Fabrics businesses of Synthomer plc for USD 255 million, strengthening its position in North American decorative surfaces market.
Wesco Group announced that English Color and Supply, a distributor with 76 locations in the central U.S., has joined the Wesco team, expanding its paint, body and equipment distribution network.
Turner Mining Group was awarded a 5-year mining contract with Bayer at its Soda Springs, Idaho facility, commencing January 2024, covering drilling, blasting, mining, hauling, and material processing.
Oklo signed an agreement designating Siemens Energy as preferred supplier for rotating equipment of the power conversion system for the Aurora fission powerhouse, targeting commercial operation in 2026 or 2027.
Felix Schoeller North America inaugurated a new silicone coating operation at its Pulaski, New York facility, representing a $20 million investment and a strategic expansion into release liners for adhesive coating industries.
Balfour Beatty's Total Power Group (TPG) was awarded two contracts totaling $16.2 million: a $9.5 million contract for BART in Walnut Creek, California, and a $6.7 million contract for St. Clair County Transit District in Belleville, Illinois.
Paris-based ReST Therapeutics chose New Haven, Connecticut for its U.S. headquarters, planning to invest $7.5 million and create 6 new jobs.
Millstone Medical (formerly MycoScience) relocated into a 25,000 sq ft facility in Bloomfield, Connecticut, with a $10 million investment, expected to be operational in Q2 2024, tripling employee count and increasing service capacity by over 400%.
MannKind Corporation designated its Danbury, Connecticut manufacturing and R&D facility as its new corporate headquarters, adding more than 50 jobs in 2023 and planning further expansions.
Boom Supersonic signed a supplier agreement with Honeywell Aerospace for the Honeywell Anthem flight deck and modular avionics platform for its Overture supersonic airliner.
First Reserve, a private equity firm, acquired AP4 Group LLC, a provider of maintenance services for industrial gas and steam turbines. Financial terms were not disclosed.
Oklo Inc. signed a memorandum of understanding with Siemens Energy, designating Siemens as preferred supplier for steam turbines and generator technology for Oklo's Aurora fission power plants. Siemens will also provide consulting on power conversion system design.
Fengate Asset Management has acquired the 177-megawatt Morris Cogeneration combined heat and power facility in Morris, Illinois, from Atlantic Power and Utilities, under a partnership with Ironclad Energy.
OCI, a South Korean polysilicon manufacturer, will supply US-based CubicPV with US-compliant silicon for solar wafer development under an eight-year agreement valued at approximately $1 billion.
HUBER Technology Inc. won its largest US belt dryer project, supplying two HUBER Belt Dryers BT 30 to the Timpanogos wastewater plant in Utah with an investment volume of approximately 16.35 million USD. Delivery is scheduled for June 2024, commissioning for spring 2025.
OCI Holdings' Malaysian subsidiary OCIM has signed a 10-year, $1 billion contract to supply solar-grade polysilicon to US company CubicPV, starting in 2025.
SRM Materials, a division of SRM Concrete, acquired Tri-County Stone Co. in Morrison, Tennessee, adding a sixth site in the state.
SRM Concrete acquired one block plant, 11 ready-mixed plants, and two aggregate docks from R.W. Sidley Inc., extending its Ohio footprint. The deal also includes an Elyria Concrete asset in Castalia, Ohio.
Kodiak Gas Services agreed to acquire CSI Compressco in an all-equity transaction valued at about $854 million including $619 million of net debt, creating the largest contract compression fleet with 4.3 million horsepower.
Sibanye-Stillwater announced a repositioning of its U.S. platinum group metals operations in Montana.
Samyang Holdings acquired a controlling stake in Verdant Specialty Solutions, a U.S.-based specialty chemical materials company, for approximately 330 billion won. The deal was signed on December 15, 2023.
EQT Private Equity has entered into an agreement to acquire Zeus Company Inc., a global leader in advanced polymer components for medical devices and industrial applications, from the Tourville family. The transaction is expected to close in early 2024.
Conditioned Air Company, a residential HVAC service provider in Southwest Florida, acquired A/C Designs of St. Augustine, expanding its service area to Northeast Florida. The deal closed on December 18, 2023.
OpenGate Capital has exited its investment in Verdant Specialty Solutions, a chemical manufacturer of surfactants, through a sale to Samyang Specialty Solutions, a subsidiary of Samyang Holdings. Financial terms were not disclosed.
Masonite International Corporation will acquire PGT Innovations, Inc. for $3.0 billion in cash and stock, combining door and window solutions. The transaction is expected to close in the first full year post-close.
Prysmian Group is investing $22.5 million to expand its Williamsport, Pennsylvania facility, adding 51,000 square feet to double manufacturing capacity of advanced transmission conductors with E3X technology, creating at least 27 jobs.
Nippon Steel Corporation will acquire United States Steel Corporation in an all-cash transaction at $55.00 per share, representing an equity value of approximately $14.1 billion and total enterprise value of $14.9 billion.
Ta Chen Group completed a cold-rolling line expansion at its Texas aluminum plant (acquired from Alcoa in 2018), increasing capacity from 18,000 to 31,000 tons. The company also completed a hot-rolling line investment of $131 million, expanding capacity from 13,000 to 31,000 tons.
Relevant Packaging installed an RMGT 1060TP-8 press from RM Machinery at its Omaha, Nebraska facility in September 2023, adding to its existing RMGT 1050LX press. The investment reduced production time from seven to four days.
BAE Systems received a $35 million CHIPS Act grant to upgrade its Microelectronics Center in Nashua, New Hampshire, aiming to quadruple production of monolithic microwave integrated circuits (MMICs) for military aircraft including F-35 fighter jets.
Swedish mining equipment maker Epiroc has agreed to acquire Stanley Black & Decker's STANLEY Infrastructure for $760 million. The acquisition of the maker of excavator attachments and handheld hydraulic tools is expected to close in Q1 2024.
Fresenius Kabi has signed a multi-year agreement with Mayo Clinic to supply 10,000 Ivenix large-volume infusion pumps for its hospitals in Minnesota, Arizona, and Florida.
Hermes Medical Solutions Inc. has been awarded a maximum $100 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract by the Defense Logistics Agency for radiology system components and accessories. The contract has a five-year base with a five-year option, ordering period through Dec. 14, 2028.
Atlas Packaging Inc. has acquired Republic Packaging of Florida in Miami, adding wood crating and expanded fulfillment services.
Amprius Technologies celebrated the ribbon-cutting of its expanded production line in Fremont, California, increasing capacity tenfold from kWh to MWh scale. The line will produce high-energy and high-power lithium-ion batteries.
Framatome will invest $49.4 million to expand and modernize its facilities in Lynchburg, Virginia, creating 515 new jobs. The expansion aims to meet increased demand for servicing nuclear power plants and developing advanced reactor solutions.
Crane and Engineering Services (CES) delivered the first two of six new ship-to-shore (STS) super-post-Panamax cranes to APM Terminals Elizabeth in New Jersey, part of a $70 million modernization project. The terminal will have 10 such cranes by Q1 2025.
Integrated Water Services, Inc. (IWS) acquired KLa Systems, Inc., a leader in jet aeration and jet mixing technology for wastewater treatment. The acquisition expands IWS's portfolio of treatment solutions.
Trane by Trane Technologies was awarded the Department of Energy's Generation 4 Indefinite Delivery Indefinite Quantity energy savings performance contract, with a $5 billion ceiling over 10 years, to help federal agencies reduce energy consumption.
hg medical, a contract manufacturer of orthopedic implants, plans to establish a new manufacturing facility in Holland, Michigan, with a capital investment of $41 million, creating 180 jobs. The facility will manufacture orthopedic extremity implants.
Lockheed Martin Corp. was awarded a not-to-exceed $132,834,000 modification to provide non-recurring engineering and add/delete efforts to configure eight MH-60R aircraft for Spain, plus spares and support. Work is expected to be completed by June 2029.
Alupress, a manufacturer of automotive die casting components, announced a $25.98 million expansion of its facility in Laurens, South Carolina, adding 3,000 square feet and creating 64 new jobs. Completion is expected in Q4 2028.
H.I.G. Capital portfolio company SIAT Group bought a 50% stake in US-based Combi Packaging Systems from 3M, with terms undisclosed.
Fresenius Kabi has signed a multiyear supply and service agreement under which Mayo Clinic is expected to buy 10,000 Ivenix large-volume infusion pumps for its hospitals in Minnesota, Arizona and Florida.
ABB Installation Products broke ground on a new 90,000-square-foot manufacturing facility in Albuquerque, New Mexico, to produce Elastimold cable accessories. The $40 million investment will create 55 new jobs, with operations expected to begin in late 2024.
Polyventive LLC has acquired the assets of Fibro Chem LLC, a dye, lubricant, masterbatch and specialty chemicals formulator and distributor serving the textile and floorcovering industries.