Flowserve has completed its acquisition of MOGAS Industries, adding severe service valves and aftermarket services to its Flow Control Division. The purchase price was approximately $305 million including the potential earnout.
General Pump Company, a Southern California pump and water well services provider, is merging with Water Well Solutions of Wisconsin and Illinois. The deal was led by Sylmar Group, and both companies will keep their brands and locations.
Avantium N.V. and Plastipak signed a conditional offtake agreement for Plastipak to purchase PEF polymer from Avantium's FDCA Flagship Plant for food and beverage packaging in the United States.
Avantium N.V. signed a conditional offtake agreement under which Plastipak Packaging will buy bio-based PEF polymer from Avantium's FDCA Flagship Plant for beverage and food packaging in the United States.
Graphic Packaging International is building a recycled paperboard manufacturing facility in Waco, Texas, with machine installation underway. The site is on track to ramp up in late 2025.
SupplyOne, a North American packaging distributor, has acquired Gulf Packaging, a corrugated box converter with production facilities in Bay Minette and Tallassee, Alabama. The deal strengthens SupplyOne's presence in the Southeast.
TechnipFMC has been awarded an integrated EPCI contract by bp for the greenfield Kaskida development in the Gulf of Mexico, covering 20K subsea trees, manifolds, umbilicals, risers and flowlines.
Ingersoll Rand has acquired Air Power Systems Co. (APSCO), a US provider of hydraulic and pneumatic products for specialty work trucks, as part of three bolt-on deals totaling about $135 million.
Suzano completed its $110 million cash purchase of a paper mill in Pine Bluff, Arkansas and an extrusion facility in Waynesville, North Carolina from Pactiv Evergreen on October 1, 2024. A long-term supply agreement has Suzano supplying liquid packaging board and cupstock to Pactiv.
Coca-Cola Consolidated has announced a $25 million expansion at its West Memphis, Arkansas production facility, adding in-house blow molding of bottles and more than 25 jobs. Output is to rise from 26 million to 29 million cases a year.
Elgi Compressors USA, a subsidiary of Elgi Equipments, decided to sell its entire stake in the Compressed Air Solutions of Texas joint venture to its partner for $154,586, with closure expected by October 31, 2024.
Carton Service is expanding its liquid packaging production facility in Shelby, Ohio, with over $10 million in new printing, sealing and lab equipment and plans to add 20% more staff.
Geis Development is constructing a 220,000-square-foot manufacturing facility for Viega in Shalersville, Ohio, representing about $200 million of investment. Construction began in November 2023 and completion is expected in early 2025.
Ireland-based Schivo has acquired ParMed, a fluid handling firm in Berlin, Connecticut, that makes intelligent electronic rotary valves, layered manifolds and pumps. ParMed will operate within Schivo's Life and Analytical Sciences segment. The announcement was made on September 24, 2024.
Beverage maker Niagara Bottling is investing $129.8 million to establish a 436,800 sq ft manufacturing and distribution facility in Elsmere, Kentucky, creating 60 jobs. Construction is expected to begin early next year.
Family-owned corrugated packaging maker Welch Packaging has joined forces with Capitol City Container Corp (Cap City Container) in Indianapolis to strengthen its Midwest position. Specific terms were not disclosed.
Cryopak, a North American maker of temperature-sensitive packaging, has been selected as a contracted cold chain packaging partner for Vizient Pharmacy Aggregation Groups members.
Kelso-backed Novvia Group, a rigid container and life sciences packaging distributor, has acquired container supplier Liquid Bottles.
Norway-based packaging maker Elopak will invest an additional $25 million in its Port of Little Rock facility to expand production capacity, bringing the project total to $95 million. The first production line is already sold out.
Paper and packaging distributor Lindenmeyr Munroe opened a distribution facility in the Atlanta area, Georgia, as part of its expansion into the state.
Carton Service CSI is investing more than $10 million to expand its liquid packaging production facility in Shelby, Ohio, adding new printing, skiving and sealing equipment and a packaging laboratory, plus 20% more staff.
Houston-based DXP Enterprises has acquired Hartwell Environmental Corporation, a manufacturer's representative of pumps, controls and process equipment for the water and wastewater industry, adding three locations in Texas and Oklahoma. Hartwell had sales of $18.4 million over the 12 months to July 31, 2024.
KSB USA/North America, a subsidiary of Germany-based KSB Group, will invest $25 million to expand its Henrico County, Virginia pump and valve facility, more than doubling its square footage and creating 32 new jobs.
Altium Packaging opened a bottle blowing facility adjacent to Milo's Tea Company's plant in Bessemer, Alabama, to produce its one-gallon containers, creating 35 jobs. The facility began operations in summer 2024 and was formally opened September 4, 2024.
KSB USA/North America will invest $25 million to expand its Henrico County, Virginia facility, more than doubling its square footage with a new loading dock office and upgraded shipping and common areas. The expansion will create 32 new jobs, and the groundbreaking was announced by Governor Glenn Youngkin.
Ferndale, Michigan-based ROSS Controls has acquired Master Pneumatic, maker of filter, regulator and lubricator pneumatic air preparation products in Sterling Heights, Michigan. The announcement is dated September 3, 2024.
Blower-Dempsay Corporation acquired the Corona, California assets of US Display Group, effective August 30, 2024, adding digital printing and high-end graphics packaging capabilities. The facility will be rebranded under Pacificorr Graphics & Displays.
Veritiv, a specialty packaging distributor, entered a binding agreement with Orora (ASX: ORA) to acquire its North American packaging distribution and manufacturing business, Orora Packaging Solutions. The deal would strengthen Veritiv's specialty packaging distribution platform in North America. The value was not stated in the excerpt.
Norway-based Elopak announced in September 2024 an additional $25 million investment to add a second production line at its new Little Rock, Arkansas carton plant, its first U.S. production site.
SCF Partners acquired severe-service valve makers DeltaValve and TapcoEnpro from CIRCOR International, announced August 30, 2024. DeltaValve is based in Salt Lake City and TapcoEnpro's primary location is in Houston, Texas.
Menasha Packaging announced a commitment of over $50 million to expand its North American preprint capacity, adding an 8-color press and automation and robotics, with 25-30 new jobs in the Fox Valley area of Wisconsin.
Mill Rock Packaging, a Mill Rock Capital portfolio company, acquired the Woodland, California packaging and laminating assets of Everett Graphics, a folding-carton producer. No financial terms were disclosed.
ARI-Armaturen Albert Richter acquired Warren Controls, a control valve company based in Bethlehem, Pennsylvania, to expand its US presence.
RIX Industries received a multimillion-dollar US Navy contract through NAVSUP Weapon Systems Support to deliver 25 high-pressure air compressors for Virginia-class submarines over the next several years. The announcement was dated 22 August 2024.
Bitzer Scroll will use a federal grant of more than $5 million from the U.S. Department of Energy to increase production of scroll compressors for electric heat pumps at its DeWitt, New York factory. The firm has committed nearly $6 million in matching investment and plans to create 20 jobs.
Graham Corporation is investing $4.1 million in its new Batavia, New York facility, which is partly funded by a $13.5 million contribution from a customer. The investment was announced on 22 August 2024.
Compass Diversified subsidiary Altor Solutions agreed to acquire Lifoam Industries, a temperature-controlled packaging maker with seven US plants, for an enterprise value of $137 million in cash, announced August 19, 2024.
Graham Corporation held a groundbreaking on August 19, 2024 for a 29,000 sq ft, $17.6 million manufacturing facility in Batavia, New York, expected to add 24 jobs and begin operations in summer 2025.
Tri-Wall Limited's North American subsidiary TW America acquired 25% of the equity of South Carolina-based Concept Packaging Group, announced August 19, 2024.
Subsea7 was awarded a sizeable contract (USD 50-150 million) in the US Gulf of Mexico covering engineering, procurement, construction and installation of a water injection flowline and subsea infrastructure, with offshore work expected in 2026.
Colliers' Herbst|Morgan team finalized a new lease for Altium Packaging on a 28,787 square foot finished goods warehouse in Vancouver, Washington, supporting its regional expansion.
Colliers' Herbst|Morgan team finalized a long-term extension of Altium Packaging's lease on a 149,372 square foot production plant in Chino, California.
Amtech Software and Opus Packaging confirmed a partnership to deploy Amtech's EnCore ERP software across five Opus Packaging corrugated packaging facilities in Indiana, South Carolina, Michigan and Ohio.
Developer Ashley Capital leased the first half of the first building at the Flint Commerce Center, the former Buick City site, to GM supplier Victory Packaging as its first new tenant, reported on August 14, 2024.
Reliance Packaging announced on August 14, 2024 a more than $7.4 million expansion of its Aberdeen, North Carolina plastic packaging plant, adding two multi-layer film extruders and 32 new jobs.
Emerson announced on August 13, 2024 that it completed the sale of its remaining 40% interest in the Copeland joint venture to private equity funds managed by Blackstone, in a transaction valued at approximately $3.5 billion.
Aliaxis signed a definitive agreement on August 13, 2024 to acquire the manufacturing assets of Johnson Controls' CPVC pipe and fittings business for residential and light commercial sprinkler systems, located in Huntsville, Alabama, with annual revenue of about $100 million. Financial terms were not disclosed.
SupplyOne, a custom packaging distributor and manufacturer, announced on August 13, 2024 that it is growing across the U.S. and into Canada with new locations in Portland, Seattle and Toronto, and is seeking acquisition partners.
Flowserve signed a definitive agreement to acquire privately held MOGAS Industries, a Houston-based maker of severe service valves, for $290 million plus a potential $15 million earnout. Closing is expected in Q4 2024.
ARI-Armaturen completed the acquisition of Warren Controls, Inc., a control valve company based in Bethlehem, Pennsylvania, on 12 August 2024. Financial terms were not disclosed.