Cadence Design Systems has agreed to acquire the SerDes and memory interface PHY IP business from Rambus Inc. The transaction is expected to close in the third calendar quarter of 2023.
Fox Innovation & Technologies Inc. acquired Texas-based Revak Keene Turbomachinery and Industrial Storage Services, gaining a manufacturing facility and aftermarket parts and repair business for compressors, backed by Bluewater.
Innovative Handling, an automation and materials-handling equipment maker, is planning a $2.4 million addition to its production complex and engineering offices in Sylvania, Ohio. The expansion will add five jobs and is expected to be completed by January 2024.
Prysmian Group held a beam signing ceremony for a $22.5 million expansion of its Williamsport, Pennsylvania plant, adding 51,000 square feet of manufacturing space. The project will create at least 27 new jobs and is funded in part by state and city grants.
GE Appliances and its subsidiary Roper Corporation celebrated a $118 million investment at the LaFayette, Georgia plant, adding new assembly lines, presses, and robotics. The investment will enable production of new freestanding ranges available in early 2024 and adds 600 jobs.
Cimcorp North America and Murata Machinery USA, Inc. have formed a strategic alliance to integrate their logistics automation expertise and capabilities in North America. Technical operations in Charlotte, NC, Atlanta, GA, and Grimsby, ON will be integrated, with completion targeted for Q4 2023.
MACOM Technology Solutions Inc. has been awarded a contract from the U.S. Air Force Research Laboratory to develop advanced GaN-on-SiC semiconductor process technology for millimeter-wave MMIC products. The contract is valued at approximately $4.0 million and has a multi-year performance period.
Wabtec Corporation will invest $2.7 million to expand its Graham-White facility in Salem, Virginia, relocating pneumatic braking system manufacturing lines there. The move is expected to create 38 new jobs.
Mersen officially opened its new manufacturing facility at 795 Santa Fe Pike in Columbia, Tennessee, its 10th US location, after investing USD 70 million. The plant will produce extruded graphite, insulation felt and isostatic graphite.
Cim Tek Filtration held a ribbon cutting for its new manufacturing facility in Kennett, Missouri, its first manufacturing branch in the state, expected to create 77 jobs.
River Associates Investments acquired I&I Sling Inc. and Slingmax Inc., combining them with Yale Cordage (acquired in 2020) to form a leader in synthetic ropes and heavy lift slings.
Kaney, Inc. announced a $2.88 million investment to expand its BGT Aerospace facility in Freeland, Michigan, adding manufacturing capacity and advanced production capabilities.
Northern Concrete Pipe Inc. awarded a contract to mbk Maschinenbau GmbH for a fully automatic cage welding machine for its Grand Rapids, Michigan plant. The machine was delivered in summer 2018.
ON Semiconductor Corp signed a deal with BorgWarner Inc for silicon carbide (SiC) power devices, with a total lifetime deal value of over $1 billion. BorgWarner will integrate ON's EliteSiC 1200V and 750V power devices into their VIPER power modules.
Tecogen Inc. announced the sale of 550 tons of STx chillers to two existing customers in Connecticut, replacing older Tecogen chillers. The value was not disclosed.
Oshkosh Defense received a $57 million order from the U.S. Army Contracting Command to produce 116 Enhanced Heavy Equipment Transporter System (EHETS) trailers.
Soucy Techno and Bolder Industries signed a formal multi-year supply agreement for BolderBlack, a sustainable carbon black alternative, extending a previous agreement.
Vestas announced a $40 million investment in its Brighton Nacelles and Windsor Blades factories in Colorado to manufacture the V163-4.5 MW turbine. The investment will fund building expansions, production equipment, and new blade molds, and is expected to create 800-1,000 local jobs.
Plasan North America was selected by AM General to provide major components of the armored cab for the Joint Light Tactical Vehicle in a $300 million deal.
tna Solutions redesigned and optimized Mister Bee's manufacturing site in Parkersburg, West Virginia, increasing chip capacity by 400%. New packaging machines run at 100-115 bags per minute, up from 20-25 bpm.
NOVA Chemicals announced plans to build its first mechanical recycling facility in Connersville, Indiana, to produce recycled polyethylene. The facility, operated by Novolex, will create up to 125 jobs and begin operating as early as 2025, delivering over 100 million pounds of rPE by 2026.
BMC Enterprises Inc. has completed acquisitions of Raineri Building Materials, Eureka Materials and Blue Grass Ready Mix within the last three months, expanding its aggregates, ready mix concrete and concrete products operations in Missouri, Illinois and Arkansas.
BBB Industries, a portfolio company of Clearlake Capital Group, has acquired Hydraulex, a Michigan-based remanufacturer and supplier of hydraulic pumps, motors, cylinders and valves. TM Capital acted as exclusive financial advisor to Hydraulex.
Huhtamaki is investing approximately USD 30 million to expand its Paris, Texas facility, adding folding carton manufacturing capacity and consolidating an external warehouse. Production is expected to ramp up in Q1 2025, with up to 80 jobs planned.
The Collins Companies of East Windsor, Connecticut acquired Washburn-Garfield Corporation, a pipe, valves and fittings distributor, and Waites Company of Worcester, Massachusetts, an abrasives and cutting tools distributor. The deal was announced July 18, 2023.
Tyler Union, a McWane Inc. company, broke ground on a $24 million expansion of its melting and molding operation in Anniston, Alabama, adding 54,000 square feet and 15-25 jobs. The project is expected to complete in summer 2024.
LightRidge Solutions, a portfolio company of ATL Partners, acquired Trident Systems, a provider of space electronics and C4ISR solutions. Financial terms were not disclosed.
Plasan North America was selected as a subcontractor for the JLTV A2 program by AM General, with a subcontract award valued at ~$300 million over five years. PNA will hire 170 professionals and make capital investments in its facilities.
Wahconah Group Tactical Services Division and Hagor Industries Ltd. will jointly manufacture and market Hagor's tactical and outdoor textile products in the US, creating an estimated 100 jobs in Fayetteville, NC.
Viessmann Refrigeration Solutions will acquire BMIL Technologies LLC, a North American system integrator, to enter the North American market for clean & cold room operations.
Hirsh Precision Products has completed its relocation from Boulder to a 65,000-square-foot facility in Frederick, Colorado. The new headquarters includes a 60,000-square-foot production floor, three times larger than before, with new investments in machining technology and automation.
Forge Nano acquired HZO, combining HZO's Parylene and thin-film protective coating expertise with Forge Nano's Atomic Armor ALD platform to expand capabilities in electronics, semiconductor and defense markets.
American Standard Circuits and Sunstone Circuits announced their merger, combining their PCB manufacturing capabilities to offer expanded product types, advanced manufacturing expertise, and integrated design solutions.
SOLV Holdings LLC acquired Elkhart-based Maverick Packaging Inc., a maker of packaged liquids for the hospitality industry. The deal is expected to pair Maverick with SOLV's Bomag Group in Angola, Indiana.
Air Products awarded MAN Energy Solutions an order for six air-compressor trains for the air-separation unit of its Clean Energy Complex in Darrow, Louisiana, which will produce blue hydrogen and blue ammonia. The article is dated July 17, 2023.
Krusinski Construction is general contractor for a $400+ million, 775,000-SF Kraft Heinz consumer packaged goods distribution center under construction at the ChicagoWest Business Center in DeKalb, Illinois. The project was announced in July 2023 and will bring more than 150 jobs.
Shimmick has secured a $217 million contract from the Elsinore Valley Municipal Water District to expand the Regional Water Reclamation Facility in Lake Elsinore, California, increasing capacity from 8 to 12 million gallons per day. Construction is expected to break ground in summer 2023 and be completed by 2027.
Skyworks Solutions announced the successful completion of its merger with Qorvo, with a total enterprise value of approximately $22 billion. The combined entity will operate under the Skyworks brand and is expected to generate annual revenue of $7.7 billion.
MEI Rigging & Crating, backed by Olympus Partners, has acquired Pro-Pac International and J&J Machinery Transport, two North Carolina-based providers of rigging, crating and heavy haul transport services. No financial terms were disclosed.
Hawkins acquired EcoTech Enterprises, a manufacturer and distributor of chemicals for water treatment based in Scott, Arkansas. The terms of the transaction were not disclosed.
Japanese conglomerate Marubeni Corporation acquired a 50% equity stake in aviation inventory solutions provider DASI for an undisclosed amount. DASI is headquartered in Miami and operates service centers in Los Angeles, London and Singapore.
Amaero International Limited will invest $54.9 million to establish its first U.S. facility in Cleveland, Tennessee, creating 105 jobs. The 130,000-square-foot facility will serve as its flagship manufacturing, R&D and global headquarters for titanium alloy powder production.
Ford Meter Box announced plans to expand and modernize its existing foundry operations in Wabash, Indiana, including a new 300,000-square-foot foundry in the same city to increase production capacity.
Valmet agreed on July 14, 2023 to acquire the Process Gas Chromatography business of Siemens AG for EUR 102.5 million on a cash and debt-free basis. Completion is estimated for April 1, 2024 at the earliest.
Ford Meter Box announced plans to invest up to $300 million in a 300,000-square-foot brass products facility adjacent to its Wabash headquarters, creating up to 126 jobs by the end of 2027.
Simbe Robotics, Inc., a company using AI and robotics for retail inventory management, announced a Series B equity financing round of $28 million, led by Eclipse.
Lennox celebrated the completion of renovations to its nearly one million square foot manufacturing and office facility in Marshalltown, Iowa, after a 2018 tornado caused significant damage. The renovated facility includes upgraded infrastructure and automated manufacturing equipment.
Lear Corp. will use approximately $112 million in federal funding to expand three facilities in southeastern Michigan and Traverse City, creating at least 500 new jobs to support electric vehicle component production.
MilliporeSigma, the life science business of Merck KGaA, has invested $25 million to expand its facility in Lenexa, KS, adding 98,000 sq ft of lab space and production capability for dry powder cell culture media. The expansion makes Lenexa the company's largest dry powder cell culture media facility in North America.
Chang Industrial and Hai Robotics announced a strategic partnership targeting North American manufacturers, focusing on autonomous systems, workforce optimization, and improved information communication technology.