Gryphon Investors agreed to acquire AirX Climate Solutions, a specialty HVAC manufacturer and service provider, from private equity firm L Catterton. The transaction is expected to close in Q4 2023. Financial terms were not disclosed.
Alpek announced that Corpus Christi Polymers has decided to temporarily pause construction of its integrated PTA-PET plant in Corpus Christi, Texas, due to high costs.
KREISEL Electric, a John Deere subsidiary, began construction on a 115,000 sq ft battery and charger manufacturing facility in Kernersville, North Carolina. The facility will have a production capacity of up to 2 GWh and production is expected to start in 2025.
Saint-Gobain announced a $28 million expansion of its CertainTeed siding facility in Williamsport, Maryland.
EnWave Corporation announced a commercial lease agreement with a major US pet treat company to lease a 10kW REV dehydration machine for product development and test marketing of new pet treat products.
OrbusNeich and Cardiovascular Systems Inc. (CSI), a subsidiary of Abbott Laboratories, amended their distribution agreement to extend OrbusNeich's appointment of CSI as exclusive distributor of coronary and peripheral balloon products in the US until December 31, 2027.
Senior's Aerospace Division was awarded a 12-year contract extension with Rolls-Royce for the supply of precision machined structures and components. Manufacturing will be at Senior Aerospace's Ketema facility near San Diego, USA, starting January 2026.
Almek signed a partnership agreement with Lucid USA to supply electric vehicle platform frames for Lucid's new 'Gravity' model. The five-year contract (2024-2029) is valued at 206.4 billion KRW ($206.4 million), and beta product supply has begun.
Ta Chen International announced its TCI Texarkana unit will invest $131 million in a second expansion phase at its Texas aluminum plant. The expansion will increase annual production capacity of hot-rolled aluminum sheet and coil by 72% to 31,000 tons from 18,000 tons.
Indorama Ventures and its Corpus Christi Polymers joint venture partners decided to temporarily pause construction at the partly completed integrated PTA-PET plant in Corpus Christi, Texas, due to cost inflation, high interest rates, and labor shortages. They will evaluate options to optimize completion.
Albemarle and Caterpillar signed agreements to collaborate on sustainable mining technologies, including deployment of Cat battery-electric trucks at Albemarle's Kings Mountain lithium mine, a lithium offtake framework, and battery R&D.
Hexagon Purus is opening a 200,000+ sq ft vehicle integration facility in Mesquite, Texas, to produce battery electric heavy-duty trucks for the U.S. market. The facility will employ up to 250 workers and support a $2 billion contract with Hino Motors Sales USA.
PumpMan acquired Flo-Systems, Inc., a family-owned water and wastewater pump service firm serving the St. Louis metro and Southern Illinois, to expand its coverage.
Top Flight Aerostructures was awarded a five-year IDIQ contract by DLA Aviation for production of left and right C-5 Wing Tip Closure Assemblies, valued at $2,302,438.
Samsung SDI is investing $41 million to expand two facilities in Auburn Hills, Michigan, doubling manufacturing capacity and creating 368 jobs.
CFM International Inc. 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 in support of the C-40 aircraft. Work will be performed in France, North Carolina, and Ohio, with completion expected in December 2023.
Avon Protection Ceradyne LLC was awarded a $7.48 million firm-fixed-price delivery order by the Defense Logistics Agency for advanced combat helmets. Performance is in Taunton, Massachusetts.
Rockwell Automation won a $15 million engineering, procurement, construction and management contract from Vadxx Energy for a commercial-scale plastic waste-to-synthetic crude facility in Akron, Ohio.
Beijer Ref has signed an agreement to acquire the assets of AMSCO Supply, a North American HVAC distributor with annual sales of approximately SEK 500 million. AMSCO will continue to operate under its own brand.
EnWave Corporation signed a commercial royalty-bearing license with Michael Foods, a subsidiary of Post Holdings, granting rights to produce products using REV technology in the USA. Michael Foods also purchased a 10kW REV machine.
Insight Textiles, part of Apex Mills, made significant investments in production equipment and infrastructure at its Woolwine, Virginia facility, increasing throughput and creating jobs. The new machinery will be fully operational by end of September 2023.
Nephron Pharmaceuticals committed to minimum orders of over $400 million over 10 years from Sharps Technology for copolymer prefillable syringe systems, with first-year revenue of about $30 million and delivery starting Q1 2024.
Safran Landing Systems has been awarded a contract by Bell to design and develop the fully integrated landing system for the US Army's Future Long-Range Assault Aircraft (FLRAA) tiltrotor program.
Intech, a global medical device manufacturer backed by Montagu, has acquired Lenkbar LLC, a Florida-based cutting tool expert. The acquisition adds a 30,000 sq. ft. facility in Naples, Florida, and vertically integrated capabilities for orthopedic instruments and implants.
Indorama Ventures and its Corpus Christi Polymers (CCP) joint venture partners have decided to temporarily pause construction of the partly completed integrated PTA-PET plant in Corpus Christi, Texas, due to cost inflation, high interest rates, and labor shortages. The partners will evaluate options to optimize completion.
Dearing Compressor & Pump Co. completed its first acquisition by merging with Pittsburgh-based Kruman Equipment, a Gardner Denver industrial air compressor distributor, roughly doubling its industrial air compressor business.
Nephron Pharmaceuticals committed to minimum orders of over $400 million over 10 years from Sharps Technology, starting with about $30 million of revenue in the first year, with product delivery scheduled for Q1 2024.
Sharps Technology signed an asset purchase agreement to acquire Nephron Pharmaceuticals' InjectEZ specialty syringe manufacturing facility for $50 million, backed by a term sheet for up to $75 million in debt financing.
Raytheon Technologies Corp., doing business as Pratt & Whitney Military Engines, was awarded a $163,260,473 contract modification to procure spare engines, power modules, special test equipment, and special tooling in support of Lot 17 F135 propulsion systems for the F-35 Lightning II Joint Strike Fighter aircraft.
Accelerated Mobile Power (AMP) executed contracts for mobile power totaling 105MW, with deployments beginning in Q2 2024. The contracts are for turnkey mobile power services for the oil and gas industry.
The U.S. Navy awarded Rohde & Schwarz USA a $62.2 million contract for production and support of modern high-frequency radio transceivers. The base period is five years, with a potential five-year option bringing the total to $91 million.
The U.S. Navy awarded Lockheed Martin a $98 million contract for development of engineering changes and support to increase the life of F-35 aircraft parts. Work will be performed in Texas, California and the UK, with completion expected in February 2026.
The U.S. Defense Department awarded L3Harris a contract to provide an advanced Common Flight Safety System (CFSS) to the U.S. Air Force and Navy, based on SAFESHOT and AFTU-M solutions.
WEG S.A. announced the acquisition of the industrial electric motors and generators business of Regal Rexnord Corporation, including the Marathon, Cemp, and Rotor brands, for $400 million. The deal includes 10 factories in seven countries and about 2,800 employees.
Odessa Pumps, a DNOW subsidiary, entered an exclusive partnership with EagleBurgmann to offer its mechanical seals and supply systems in Texas, New Mexico and parts of Arkansas and Louisiana.
Viega will build a 180,000 sq. ft. manufacturing plant for ProPress and MegaPress fittings in Shalersville, Ohio, with about $200 million of investment, expected to be operational in early 2025 and to create more than 68 jobs.
National Vacuum Equipment announced further investment in new automated machinery at its Traverse City, Michigan factory to increase manufacturing capacity for industrial vacuum equipment.
Amphenol Corporation has acquired Connor Manufacturing, a provider of interconnect solutions, to be part of Amphenol Automotive Products Group.
TexTech Industries broke ground on a new 170,000-square-foot facility in Winston-Salem, North Carolina, representing a $40 million investment that will double manufacturing capacity for composite materials for defense and space applications.
The Boeing Co. was awarded a $221,366,000 contract by the Naval Supply Systems Command for flight control surfaces spares for F/A-18 E/F and EA-18G aircraft, with work in St. Louis, Missouri, expected to be completed by December 2029.
Engineered Systems, Inc. opened a new 43,000 sq. ft. facility in Duncan, South Carolina, for crane building, growing from three to five production lines. The facility became fully operational on June 26, 2023.
Eldridge, Brightstar Capital Partners and Claure Group signed an agreement to acquire a majority stake in Ausenco from Resource Capital Fund for $578 million. Ausenco is an engineering and consulting firm for mining and metals.
Baltimore Aircoil Company has fully acquired Coil Design LLC, a manufacturer of cooling and heating coils in Dayton, Tennessee. Terms were not disclosed.
Adam Electronics, a minority-certified electronic manufacturing provider, has acquired MADE Electronics in Auburn Hills, Michigan. Terms were not disclosed.
Barnes Aerospace extended a long-term agreement with Safran Aircraft Engines for repair and overhaul of components for LEAP and CFM56 engine programs, and extended the CFM56 Component Repair Agreement. Services are performed in Singapore and West Chester, Ohio.
ATS Corporation has entered a definitive agreement to acquire Avidity Science, a designer and manufacturer of automated water purification solutions for biomedical and life science applications, for US$195 million. The acquisition is expected to close in late 2023.
HWI Gear, Inc. acquired Masley Enterprises, Inc., a protective handwear company specializing in military gloves. The production has moved to HWI Gear's Denver facility, with manufacturing committed by June 2023 and new release inventory expected September 2023.
Grunley Construction was selected as one of five contract holders for the Naval Facilities Engineering Command Washington's Large Multiple Award Construction Contract, with a maximum value of $950 million over five years.
Grunley Construction was awarded a $71 million contract by the Smithsonian Institution to revitalize the Hirshhorn Museum Sculpture Gardens in Washington, DC.
Grunley Construction was awarded a $129.4 million design/build contract by the U.S. Army Corps of Engineers to upgrade a secure federal building along the National Mall in Washington, DC.