MiddleGround Capital, a private equity firm, acquired A.M. Castle & Co., a provider of metals, services, and supply chain solutions for industrial and aerospace customers. The acquisition was announced on June 15, 2023.
Mitsubishi Logisnext Americas and Jungheinrich announced the launch of Rocrich AGV Solutions, a joint venture combining their AGV portfolios for the North American market, headquartered in Houston, Texas with operations in Marengo, Illinois.
Vebro Polymers and Freedom Chemical Corporation announced an exclusive partnership to produce and promote Vebro's polymer flooring portfolio in the US market, supplied from Freedom's facility in Foothill Ranch, California.
Safran is nearing an approximately $1.8 billion deal to acquire Raytheon Technologies' actuation business that makes flight controls for aircraft, helicopters and missiles.
Distribution Solutions Group (DSG) completed the acquisition of Hisco, a distributor of specialty products for industrial technology applications, operating 38 locations in North America.
Continuim Equity Partners, with Ronald Mumbray, has acquired Fluid Sealing International and Anchor Seals, forming Anchor Holding Group, a Coraopolis, Pennsylvania maker of seals, gaskets and pumps. It is the first of Continuim's planned fluid control acquisitions.
M&M Carnot held a ribbon-cutting ceremony on June 14, 2023, to celebrate the completion of phase one of a 50,000 ft² expansion to its Federalsburg, Maryland manufacturing plant for industrial CO2 packages.
Slate Capital Group acquired Cumberland Diversified Metals, a value-added distributor and broker of specialty metals based in Cleveland, Ohio.
RIBUS Inc. opened its first solely owned production facility in Sparks, Nevada, a 15,000+ square-foot plant for clean label ingredients, with increased capacity and new jobs.
Arlington Capital Partners has acquired Pegasus Steel LLC, a provider of complex fabricated steel structures for submarines and aircraft carriers, based near Charleston, South Carolina.
Heidelberg Materials celebrated the opening of its new cement plant in Mitchell, Indiana, the second-largest single cement production facility in North America. The plant has a capacity of 2.4 million tonnes of cement per year and represents an investment of over US$600 million.
The Middleby Corporation acquired Filtration Automation Inc., known for Micron-Pro brand oil management systems, based in Mansfield, Texas. The company has annual revenues of approximately $10 million.
Medline and Lake Regional Health System expanded their partnership with a multi-year prime vendor agreement, making Medline the exclusive provider of all medical and surgical supplies for the hospital and its physician offices.
EOS, Tecomet, Precision ADM, and Orthopaedic Innovation Centre announced a collaborative partnership offering an end-to-end solution for medical device additive manufacturing.
Berry Global acquired Pro-Western Plastics, adding to its injection molding portfolio.
The Caldwell Group Inc. delivered nine coil grabs, two sheet lifters, and five C-hooks to Majestic Steel USA's new facility in Hickman, Arkansas, via distributor Simmers Crane Design & Services. The facility will be fully operational later in 2023.
Fives was awarded a contract from PETERSEN Inc. for a Giddings & Lewis Vertical Turning Center for precision machining. The machine will be installed in early 2024 at Petersen Inc. in Ogden, Utah.
ProKidney plans to invest up to $485 million and create up to 330 jobs in a new 210,000 sq ft biomanufacturing facility in Guilford County, Greensboro, North Carolina, for commercial production of REACT cell therapy.
GE Aerospace received a $422.8 million firm-fixed-price contract from the Defense Logistics Agency for supplies related to F101, F110 and F118 engines, with a five-year base period and one five-year option.
Anthony Allega Cement Contracting Inc. was awarded a $43,100,000 indefinite-delivery/indefinite-quantity contract for pavement and grounds construction services at Wright-Patterson Air Force Base, Ohio, with completion expected by June 11, 2028.
Mohawk Lifts was awarded a $300,000 Empire State Development grant to expand its operations in Amsterdam, New York, by updating manufacturing equipment, adding automation, and creating a new factory layout to increase productivity and efficiency. The project will also increase its workforce.
L.G. Everist is about 70% complete with construction on a new ready-mix plant near Harrisburg, South Dakota, capable of producing 300 yards per hour. The plant is part of a broader 50-acre industrial development that may include an asphalt plant and recycling yard.
Donghee America, an auto parts supplier, is investing $63 million and creating 100 jobs to expand its operations in Auburn, Alabama. The expansion includes a 195,000-square-foot addition to manufacture battery pack cases for electric vehicles.
Curtiss-Wright Corporation was awarded a $24 million contract from Nellis Air Force Base to provide Flight Test Instrumentation equipment for the F-35 Technology Refresh 3 program.
Ingersoll Rand agreed to buy Howden Roots LLC from Chart Industries for an all-cash price of about $300 million. Roots has about $115 million in revenue, and the deal is expected to close in Q3 2023 pending regulatory approvals.
MannKind Corporation has scaled-up operations for increased production capacity of Tyvaso DPI, representing a $60 million investment. Construction is ongoing to build out new manufacturing space in Danbury, Connecticut.
Rayburn Electric Cooperative broke ground on Rayburn Energy Station II, a $685 million, 570-MW facility using 10 Siemens Energy SGT-800 gas turbines, in Sherman, Texas.
Rudd Company, Inc., a wood coatings manufacturer based in Seattle, Washington, has agreed to sell substantially all of its assets, including the Rudd Wood Finishes and Glitsa Floor Finishes brands, to Gemini Coatings, an Oklahoma-based employee-owned wood coatings manufacturer.
Itron, Inc announced plans to establish new operations in South Carolina, creating over 100 new jobs. (Details from article context: Itron is also mentioned as making a major investment, but specific location and amount are not provided in the excerpt.)
BEUMER Group acquired The Hendrik Group Inc., a US manufacturer of air supported belt conveyors, to expand its portfolio in bulk material handling, particularly for alternative fuels and raw materials.
SunMed plans to buy Avanos Medical's respiratory health business for $110 million in cash, including closed suction catheters, endotracheal tubes, and oral care products, along with two manufacturing facilities in Mexico.
Vanair Manufacturing announced a $8.3 million expansion adding about 100,000 square feet to its Michigan City facility in La Porte County, Indiana, creating 75 new jobs. Completion of the building by J. Shoffner is expected in the fourth quarter of 2023.
A Prysmian and DEME Group consortium was awarded the balance of plant contract by Dominion Energy Virginia for the Coastal Virginia Offshore Wind project, worth about $1.8 billion in total, of which about $730 million relates to Prysmian. Completion is expected by 2026.
Environmental Air Systems is adding about 200 jobs as part of an expansion at the Reedy Fork Logistics Center in Greensboro, North Carolina, with a new 500,000 sq ft facility doubling manufacturing floor space.
The Department of Defense, through Navfacsyscom Atlantic, has established a $60 million indefinite-delivery indefinite-quantity multiple award contract for procurement and overhauling of weight handling equipment. Seven companies are awarded, with Crane Technologies Group receiving a $1.49 million delivery order for a 50-ton bridge crane at Portsmouth Naval Shipyard and a 40-ton crane at Naval Foundry and Propeller Center.
Merit Medical acquired the Surfacer Inside-Out Access Catheter System from Bluegrass Vascular Technologies for $32.5 million.
Merit Medical completed the acquisition of a dialysis catheter portfolio and the BioSentry Biopsy Tract Sealant System from AngioDynamics for $100 million.
Modine's Airedale by Modine brand commissioned a 5MW testing laboratory at its Rockbridge facility in Virginia, launched a US-based service team, and started an apprenticeship program to support data center customers.
XNRGY Climate Systems secured financing for phase one of its U.S. headquarters in Mesa, Arizona, including 250,000 sq. ft. of production capacity and 25,000 sq. ft. of office space. The facility is expected to be completed by 2024, with an estimated $300 million investment and over 1,200 jobs.
NET Power completed its business combination with Rice Acquisition Corp. II, giving it an enterprise value of approximately $1.5 billion. The combined company will trade on the NYSE as NPWR, with proceeds of over $675 million to fund commercialization by 2026.
General Atomics was awarded a $1.2 billion contract by the US Navy to produce, assemble, test, and manage EMALS hardware for the CVN 81 aircraft carrier USS Doris Miller. Work will be done in San Diego and Tupelo, with completion expected by September 2032.
Pan Technology, Inc., a manufacturer of pigment dispersions, specialty inks and coatings, will establish its first South Carolina operations in Spartanburg County with a $7.2 million investment, creating 72 new jobs. The new facility is expected to be online by the end of 2023.
Novelis Inc., a subsidiary of Hindalco Industries, has committed $2.5 billion to build a low-carbon recycling and rolling plant in Bay Minette, Alabama, with an initial capacity of 600 kilotonnes of finished aluminum goods per year.
Gold Bond Building Products, an affiliate of National Gypsum Company, announced a $90 million expansion of its Mount Holly, North Carolina facility, expected to create 11 new jobs and retain 100 existing jobs. Construction is expected to be completed in 2024.
ABB Robotics officially opened its new Robotics Packaging and Logistics Headquarters in Alpharetta, Georgia, as part of a $22 million investment in the U.S. that will create over 70 jobs.
PM Corporate Group acquired AMP Printing + Graphics, strengthening its high-graphic packaging manufacturing in Sacramento, Tijuana and China. The combined business will operate as PM Packaging with about 1,500 employees across six units.
Graycliff Partners provided subordinated debt financing for Rox Capital's acquisition of Neil Technical Services and its merger with Scruggs Company in Texas, creating a regional pump, motor and valve service provider in Houston.
Ziemann Holvrieka was awarded a turnkey contract to engineer, install, commission and train staff for a new large-scale hard seltzer brewery for Mark Anthony Brewing in the United States. Installation has started, with first fermentation and storage tanks already in place.
Private equity firm Blackford Capital has acquired PACIV, an industrial automation solutions consultant with offices in Indianapolis, Chicago, Boston, and Raleigh. Terms were not disclosed.
Tramec LLC has acquired CS Automation, located in Ontario, New York, effective June 1, 2023. The acquisition broadens Tramec's manufacturing and distribution capabilities for industrial automation.