GE Edison Works was awarded a $16,669,438 modification to a previously awarded contract for materials research and development from the Air Force Research Laboratory. Work will be performed in Cincinnati, Ohio, and is expected to be completed by March 26, 2028.
CFM International Inc., a joint venture between GE Aerospace and Safran Aircraft Engines, was awarded a $13,005,000 firm-fixed-price contract by the U.S. Navy for production and delivery of one CFM56-7B24E spare engine for the C-40 aircraft. Work will be performed in Villaroche, France; Durham, N.C.; and Peebles, Ohio, with completion expected in December 2023.
Crete Mechanical Group acquired a majority stake in Versatile Refrigeration, an HVAC and refrigeration company based in Dallas, Texas, marking Crete's entry into the Dallas market.
Barnes Group Inc. completed its previously announced acquisition of MB Aerospace, a provider of precision aero-engine component manufacturing and repair services, for $740 million.
Rockwell Automation completed its acquisition of Clearpath Robotics Inc., including its industrial division OTTO Motors, for an undisclosed amount. The deal was announced on October 2, 2023.
Markey Machine, a global leader in marine deck equipment and winch systems, announced the acquisition of JonRie InterTech. The acquisition expands Markey Machine's product offerings and strengthens its market presence in the maritime and offshore sectors.
Ovivo and EnviroMix announced a strategic and exclusive partnership for Carrousel projects. Ovivo will integrate EnviroMix's BioMix and BioMix-DC technologies into its Carrousel BNR market solutions.
Ranfac Corp., a medical device manufacturer, announced the complete acquisition and full ownership of Cervos Medical, LLC. Cervos Medical was originally a joint venture between Ranfac and EndoCellutions Inc. formed in 2021.
Manitou Group celebrated the grand opening of an 80,000 sq-ft expansion at its Madison, South Dakota facility, coinciding with the company's 50th anniversary of manufacturing skid loaders. The expansion includes a new assembly building to increase production capacity.
Beta Technologies officially opened a large-scale manufacturing plant for its Alia all-electric aircraft in South Burlington, Vermont. The 188,500-square-foot factory is expected to produce up to 300 aircraft per year by 2027 and create hundreds of jobs.
KYOCERA AVX is acquiring assets of Bliley Technologies, a U.S.-based leader in low-noise frequency control products. The asset transfer includes Bliley's business, equipment, people, and IP, including a manufacturing facility in Erie, Pennsylvania.
Nuvolo has agreed to be acquired by Trane Technologies. The acquisition is subject to regulatory approval and is expected to close in Q4 2023.
Baker Hughes has been awarded a major contract by Venture Global LNG to supply a modularized LNG system and power island. The contract value was not disclosed and will be booked in Q3 2023.
CertainTeed, a subsidiary of Saint-Gobain, has broken ground on a $28 million expansion of its vinyl siding plant in Williamsport, Maryland. The project will increase production, warehouse space, and add training areas.
S.F.E. Group, based in Houston, Texas, has acquired CLIMAX, a portable machine tool manufacturer based in Newberg, Oregon. The acquisition expands S.F.E. Group's portfolio of portable machining, orbital welding, and fabrication tools.
Valmet will supply an Advantage DCT 200 tissue production line to Sofidel America's Circleville mill in Ohio, USA. The line has a design speed of 2,000 m/min, width of 5.6 meters, and annual capacity of 70,000 tons. Start-up is scheduled for the second half of 2025.
Soltex Inc., a chemical manufacturer and distributor, acquired DSI Ventures, a dielectric fluid industry player, effective September 15, 2023. The acquisition expands Soltex's presence in immersion cooling data center, electric vehicle fluids, and battery storage markets.
Arkema is investing EUR 130 million to increase global production capacity of dimethyl disulfide (DMDS) at its Beaumont, Texas site, to serve the renewable fuels market.
BitFlow, Inc. has entered into a definitive agreement to be acquired by Advantech in an all-cash transaction for 100% equity. The transaction is expected to close in Q4 2023.
Baystar (Bayport Polymers LLC) launched its new Bay 3 polyethylene unit in Pasadena, Texas, with a capacity of 625,000 metric tons per year. The unit uses Borstar technology from Borealis and more than doubles Baystar's production capacity. Total investment exceeded $1.4 billion.
Massimo Zanetti Beverage USA signed an agreement with Ultramar Caffè - La Natura Lifestyle AG to create a new packaging line for aluminum espresso capsules at its Suffolk, Virginia facility. The line, due by the second half of 2024, will produce 100 million capsules per year.
Aliaxis opened a new 200,000 sq ft injection moulding plant in Pineville, North Carolina, in October 2023. The $200 million investment created 150 jobs.
Calgon Carbon Corp. finalized the purchase of Benchmark Equipment & Tank Inc. and Bloomfield Machine & Welding Inc. in October 2023, expanding into Bloomfield, New Mexico with a $94 million investment over the next decade.
Siemens Mobility signed a $171.5 million contract with Sacramento Regional Transit District in October 2023 for eight additional light rail cars, building on previous orders.
Olympic Steel Inc. acquired Central Tube & Bar (CTB) in early October 2023, adding service centers in Conway, Arkansas and Tulsa, Oklahoma with value-added fabrication services.
MH Equipment Company acquired Mid-Iowa Solid Waste Co. Inc., a seller and servicer of environmental equipment in Iowa and Nebraska. The deal closed on October 1, 2023, and Mid-Iowa will operate as a separate business unit.
Ryerson Holding Corporation acquired Norlen Incorporated, a full-service metal fabricator based in Schofield, Wisconsin, to expand its value-added business.
120Water was selected by the state of Georgia to manage the data and submittal of lead service line inventories, granting all Georgia water systems access to its software.
USSOCOM awarded an IDIQ contract to Final Forge for Rotary Wing Advanced Tactical Helmets with a maximum ceiling of $49 million, with $874,970 obligated on the first delivery order.
Honeywell received an order for 41 T55-GA-714A engines to support South Korea's procurement of new CH-47F aircraft, managed through U.S. Army Foreign Military Sales.
Bain Capital Private Equity agreed to sell a stake in US LBM, a specialty building materials distributor, to Platinum Equity, giving both firms equal ownership. The transaction is expected to close by Q1 2024.
Manitowoc Tool & Machining has acquired G&V Machine Company.
Summit Steel & Manufacturing, Fairlawn Tool, Laser Specialties and Summit Storage Solutions announced the formation of a single manufacturing entity, Caldera Manufacturing Group, in October 2023.
ValTek LLC expanded its Odessa, Texas facility across four buildings, adding more than 16 machine tools to double parts manufacturing capacity and cut pump test turnaround times in half. The expansion was reported on October 1, 2023.
Plastic Recycling Inc. and St. Joseph Plastics have merged, forming a company with nine facilities and about 300 employees across the Midwest and South, with combined capacity of 200 million pounds of recycled compounds annually.
Consolidated Equipment Group, a portfolio company of Dominus Capital, acquired PRO-DIG, a manufacturer of foundation drilling equipment, and Dirt Dog Manufacturing, a manufacturer of tractor and ATV/UTV implements. The transactions closed on September 29, 2023.
Lockheed Martin Aeronautics Co. was awarded an $11,059,563 firm-fixed-price order to procure diminishing manufacturing sources replenishment spares, including lamp module assemblies and filter packs, for F-35 ProSim Projectors for the US Air Force, Marine Corps, and Navy. Work is expected to be completed by June 2026.
Northrop Grumman Systems Corp. was awarded a $150,000,000 cost reimbursable contract modification to produce and deliver long lead parts for five E-2D Advanced Hawkeye Aircraft for the government of Japan. Work is expected to be completed by February 2029.
Visioneering, Inc. announced plans to invest $25 million to expand its plant in Auburn Hills, Michigan, adding 133,664 square feet of space. The project is expected to create 238 new jobs.
72 Steel LLC purchased 44 acres of the former J&L Steel site in Aliquippa, Pennsylvania, to build a $218 million steel fabrication plant. The plant will include an electric-arc furnace and produce 500,000 tons of rebar annually, with completion expected in 2025.
RMI Titanium Co. LLC has been awarded a $54,964,162 firm-fixed-price contract by the Defense Logistics Agency to supply Titanium Ti6-4 and Ti6-4 ingots. The two-year contract runs through September 28, 2025.
Mid-America Aerotech completed the purchase of select hydraulic and pneumatic aerospace product IP from Moog Inc, including design and manufacturing rights for legacy aircraft hardware.
INEOS has reached an agreement to purchase the Eastman Texas City site, including a 600,000 tpy acetic acid plant and associated third-party activities, for approximately $500 million.
Eastman Chemical Company announced a definitive agreement to sell its Texas City Operations in Texas City, Texas, to INEOS Acetyls for $490 million. Eastman will retain its plasticizer business at the site, which INEOS will operate.
Fortune Rise Acquisition Corporation and OriginClear's subsidiary Water On Demand amended their letter of intent to nominate Progressive Water Treatment Inc. as the new target for acquisition by FRLA. The deal is non-binding and subject to further negotiations.
AGCO will acquire an 85% interest in Trimble's portfolio of agricultural assets and technologies for $2 billion in cash and the contribution of JCA Technologies, forming a joint venture focused on precision agriculture.
Alta Equipment Group entered a definitive agreement to acquire Burris Equipment Company, a construction and turf equipment supplier with three locations in Illinois, for $14 million in cash. The deal is expected to close in Q4 2023.
Pratt Industries pledged a further $500 million over 10 years in Pennsylvania for recycling, remanufacturing and clean energy infrastructure, creating hundreds of new jobs, as announced with Governor Josh Shapiro.
Samsung SDI announced a $1.98 billion investment in a second joint EV battery factory with Stellantis, increasing its stake in Starplus Energy to 51%. The investment will be funded from April to November 2027.
Arkema decided to increase global production capacity of dimethyl disulfide (DMDS) at its Beaumont site in Texas, USA. The €130 million investment will support the growing biofuel market and is scheduled to come on stream in Q2 2025.