Amazon and iRobot have amended their merger agreement, reducing the purchase price from $61.00 to $51.75 per share, reflecting iRobot's recent $200 million debt increase from Carlyle.
Magna International entered a 10-year agreement with Onsemi for silicon carbide microchips to be used in its e-Drive systems, and committed $40 million for new silicon carbide equipment at Onsemi facilities in New Hampshire and the Czech Republic.
Toray Advanced Composites announced a planned expansion of its Morgan Hill, California plant, adding 74,000 square feet to increase production capacity by 50% for advanced composites serving aerospace, defense, and industrial markets.
Prysmian Group broke ground on a $63.8 million expansion of its Du Quoin, Illinois plant to increase renewable energy cable manufacturing. The project adds over 100,000 square feet and is expected to create 80 new jobs while retaining 225.
Allison Transmission will provide its eGen Force electric hybrid system for American Rheinmetall Vehicles' Team Lynx prototype, which was selected for Phases 3 and 4 of the U.S. Army's Optionally Manned Fighting Vehicle program (XM30). Prototype build and test will begin in 2026, with low-rate initial production in late 2027.
ElringKlinger AG received a five-year series production order from a global Tier 1 supplier for metal battery housings for commercial vehicle and city bus applications in the US market. The contract volume is in the low triple-digit million-euro range, and ElringKlinger will invest in new production machinery at its Buford, Georgia site by start of production in 2024.
Innovapptive announced a partnership with Sabert Corporation, a global food packaging leader, to supply mWorkOrder and RACE Dynamic Forms mobile applications to boost production equipment efficiency.
Aerospace Composites Solutions plans to relocate and construct a new 150,000-square-foot facility in Morgantown, Kentucky. The $16.8 million project is expected to create 72 jobs.
Johnson Controls announced an agreement with Constellation to support the development of two new solar plants in Pennsylvania. Johnson Controls made a 15-year commitment starting December 2024 to procure 29 MW of energy from the Welcome Solar projects, matching power needs of four major manufacturing and R&D facilities.
Analog Devices celebrated a more than $1 billion investment to expand its semiconductor wafer fab in Beaverton, Oregon. The expansion adds cleanroom space to about 118,000 sq-ft, nearly doubles internal manufacturing for 180nm and above nodes, and is expected to create hundreds of new jobs.
McNeilus Truck and Manufacturing, an Oshkosh Corporation company, will invest $25.2 million to expand its manufacturing operations in Murfreesboro, Tennessee, creating 100 new jobs for fabrication and weldment of custom vehicle components.
Montebello Packaging announced a $12 million investment in a new production line at its Lebanon plant, marking the site's 25th anniversary. The 160-foot extrusion line is expected to be fully functional by the fourth quarter of 2023.
ROMCO Equipment and its parent company SMT acquired 100% of Sierra Machinery, the exclusive Volvo CE dealer in southwestern Texas and southern New Mexico. The acquisition expands ROMCO's territory westward.
GE Appliances invested $118 million to revamp its Roper Corp. cooking products plant in Lafayette, Georgia, adding automation, robots, and 600 new jobs.
LuxWall, a manufacturer of vacuum insulating energy-efficient windows, will establish two manufacturing facilities in Michigan with a capital investment of $165 million, creating over 450 jobs.
Panhandle Milling and NIPPN Corporation, through affiliate Utah Flour Milling, will develop a $100 million flour mill and custom mix facility adjacent to the Campbell Snacks bakery in Richmond, Utah. Operations are expected to commence in Q4 2024.
Arconic Corp. shareholders voted to approve the company's acquisition by Apollo Global Management Inc. in a deal valued at about $5.2 billion, with shareholders receiving $30 per share. The transaction is expected to close in Q3 2023.
Plasan North America has been awarded a $300 million, five-year subcontract from AM General to produce armored cabs and structures for the U.S. Army's Joint Light Tactical Vehicle A2 program. The company expects to hire 170 workers at its Walker, Michigan plant.
US-based Signal Power Group ordered an Aurelia iA400 configuration and will package the unit for low emissions power generation. This is the first sale of Aurelia's products to the USA.
Nestlé Purina PetCare plans to construct a new manufacturing facility in Clermont County, Ohio, to produce wet pet food, near its existing $500 million facility.
Inpixon entered into a definitive merger agreement with XTI Aircraft Company, developer of the TriFan 600 VTOL aircraft. The combined company will focus on advancing the TriFan 600 and offering RTLS technology. XTI's enterprise value is estimated between $252 million and $343 million.
ROMCO acquired Sierra Machinery, a full-service distributor of construction, mining, and industrial equipment based in El Paso, Texas. The terms of the transaction were not disclosed.
NuGen Medical Devices entered into a five-year distribution agreement with Sol-Millennium Medical for its needle-free InsuJet device and consumables in Canada, Brazil, France and Spain, valued at approximately $204 million.
MEMC, a subsidiary of GlobalWafers, plans to soon begin delivering wafers as part of a $300 million-plus expansion of its O'Fallon, Missouri facility. The expansion will add silicon-on-insulator wafer production capacity and is expected to be fully operational by the end of 2025, creating 100 new jobs.
Aerospace Composites Solutions (formerly Blackhawk Composites) broke ground on a $16.8 million expansion and relocation in Morgantown, Kentucky, building a new 150,000-square-foot facility that will create 72 new full-time jobs.
UK packaging company Flexi-Hex signed an agreement with California-based Orora Packaging Solutions making Orora its exclusive North American distributor of patented hexagonal recycled fiber protective packaging. The agreement was announced in July 2023.
Anchor Partners acquired JR Custom Metal Products Inc., a manufacturer of custom metal fabrication products including material handling equipment, based in Wichita, Kansas.
Energy Catalyst Technologies, a heat pump manufacturer, is in the running for a Department of Energy grant to build a heat pump factory in Watervliet, New York.
Better Doors and Windows, a door and window manufacturer, merged with Compose Build, an architecture and construction company, to form a vertically integrated supply chain for door manufacturing and construction in Texas.
Avgol broke ground on a $100 million expansion at its Davie County facility in Mocksville, adding a sixth multibeam spunlaid production line and a laminate finishing line. The new line will use Reicofil 5 technology and is expected to be fully operational in November 2024.
SoftBank Group and Symbotic formed a joint venture called GreenBox Systems, majority-owned by SoftBank (65%), to build AI-powered warehouses. The firms invested $100 million total, and the JV signed a $7.5 billion contract to buy AI-powered systems from Symbotic over six years.
Construction Forms, Inc., a portfolio company of H.I.G. Capital, acquired Tricon Wear Solutions, a manufacturer of abrasion-resistant steel plates and fabricated products. Tricon will operate under the CFI umbrella.
Global investment firm KKR entered a definitive agreement to acquire Chase Corporation, a specialty chemicals manufacturer, for approximately USD 1.3 billion in cash, including debt assumption. The transaction is expected to close in Q4 2023.
Hawthorn Composites was awarded a contract from Kratos Defense & Security Solutions to provide twelve structural inlet ducts for the XQ-58A Valkyrie platform. A new order for an additional 12 inlet ducts was awarded on July 21, 2023, with delivery beginning in September 2023 and concluding in 2024.
Rio Tinto will acquire a 50% equity stake in Giampaolo Group's Matalco business for $700 million, forming a joint venture to manufacture and market recycled aluminium products. Matalco operates seven facilities in the US and Canada with 900,000 tonnes per annum capacity.
Private equity firm KKR is set to acquire Circor International, a global pump-and-valve manufacturer, for about $1.7 billion or $56 per share, after outbidding a rival offer from Arcline. The deal is expected to close in Q4 2023, pending regulatory approvals.
Berry Global, Deaconess Midtown Hospital and Nexus Circular launched an initiative to recycle non-hazardous, sterile plastic packaging and non-woven fabric from the hospital's Surgical Center, about 500 lbs per week. Waste streams are sent to Evansville Packaging Systems for auditing and separation.
Air2O awarded Super Radiator Coils a $2 million contract to supply custom-engineered fluid coils for extreme low humidity units being manufactured for a lithium-ion battery production facility under construction in the Midwest.
Steel Dynamics is planning two grassroots recycled aluminum slab-casting centers, one in the southwestern U.S. and one in San Luis Potosi, Mexico, as part of a $2.5 billion initiative.
Lock Joint Tube will supply structural-grade steel tubing to solar energy company Array Technologies from a new mill in Texas. The agreement was announced on July 20, 2023.
Silicon Technologies Inc. was awarded a ceiling of $41,983,055 cost-plus-fixed-fee contract by the Air Force Research Lab for an advanced analog & mixed signal rad hard microelectronics design and manufacturing project. Work will be performed in Salt Lake City, Utah, and is expected to be completed by March 20, 2028.
SH America will open an electric vehicle battery cap plant in Allen County, Indiana, investing over $62 million. The facility will create up to 400 jobs and supply Samsung SDI's EV plant in Kokomo.
Magna International is investing over $790 million to build three facilities in Tennessee, including a battery enclosures facility and a seating plant in Stanton, and a stamping and assembly plant in Lawrenceburg. The facilities will supply Ford's BlueOval City campus and create approximately 1,300 jobs.
Auto parts supplier Magna will provide Ford with parts for electric trucks to be built at Ford's Tennessee plant. The contract was announced on July 20, 2023.
Point Eight Power, Inc. will open a new manufacturing plant in Hancock County, Mississippi, investing nearly $7.75 million and creating at least 78 direct jobs. The facility will produce generator controls, switchgear, and power control building packages.
Magna plans to spend $790 million building three facilities at the Ford BlueOval City campus in Stanton, Tennessee, and in nearby Lawrenceburg, to produce battery enclosures, truck frames, and seats for Ford's next-generation EV pickup. The project is expected to create around 1,300 jobs.
Vestas plans to invest $40 million in its Brighton Nacelles and Windsor Blades factories in Colorado to manufacture the V163-4.5 MW turbine for the US market. The company expects to hire 800-1,000 local employees.
Spirit Electronics, Phoenix, AZ, acquired Insight Analytical Labs, Colorado Springs, CO, to add device analysis services including destructive physical analysis (DPA) to its semiconductor supply chain services.
Collins Aerospace, an RTX business, opened a $14 million expansion of its additive manufacturing center in West Des Moines, Iowa, adding 9,000 square feet and new 3D metal printers, including one with eight times the build volume of existing printers.
Corpus Christi Polymers (CCP) is resuming construction on a PET and PTA plant in Corpus Christi, Texas, that will produce 2.4 billion lb/yr of PET and 2.8 billion lb/yr of PTA, making it the largest vertically integrated facility of its kind. The plant is expected to generate up to 2,400 jobs at peak construction.