The Chemours Company agreed to sell its Glycolic Acid business for $137 million in cash to PureTech Scientific Inc., backed by Iron Path Capital. The transaction is expected to close by Q3 2023.
Hargrove Controls & Automation retrofitted an existing 88,000-sq-ft brownfield facility in Winchester, Kentucky for Danimer Scientific to scale up bioplastics production from pilot to full manufacturing.
Wieland Metal Services acquired Lone Star Casting & Machine, a supplier of centrifugally cast and semi-finished aluminum-bronze bushing blanks and cylinder shapes, located in Kilgore, Texas. The acquisition strengthens Wieland's presence in the aerospace industry.
Steel Dynamics, Inc. announced that construction is in full swing at its greenfield recycled aluminum flat rolled mill in Columbus, Mississippi. The project has a planned capital investment of nearly $1.9 billion and an annual production capacity of approximately 650,000 tonnes. Operations are expected to begin in mid-2025, creating 700 jobs.
Manner Polymers announced a new 80,000 sq ft manufacturing facility in Mount Vernon, Illinois, to produce PVC compounds for automotive EVs and solar panels. The $54 million investment will create over 60 jobs, with production expected to commence in fall 2025.
Point Blank Enterprises, a body armor and aviation protective solutions producer, acquired Safe, Inc., a Tempe, AZ-based company specializing in pilot seating safety solutions and components for the U.S. DoD and NASA.
FLSmidth acquired Morse Rubber, an Iowa-based manufacturer of specialized heavy-duty rubber products for mineral processing, to strengthen its mill liner service offerings in North and Latin America. All 23 employees will be transferred.
LJUNGSTRÖM signed a contract with Riggs Distler & Company to provide specialized structural steelwork for the Revolution Wind and South Fork Wind offshore wind projects, with combined capacity over 800 MW. Deliveries will be made to the Ørsted offshore wind construction hub at ProvPort in Rhode Island.
Bosch will invest $130 million to expand its power tools accessory manufacturing site in Lincolnton, North Carolina, adding 400 new jobs. The expansion includes a new 325,000-square-foot building for manufacturing, logistics, and warehouse operations.
Polymer Resources completed the expansion and enhancement of its compounding facility in Rochester, N.Y., increasing overall compounding capacity by 40%. The facility was expanded from 35,000 ft² to 60,000 ft² and includes increased grinding and shredding capacity for recycling plastic waste.
Brookfield Business Partners, together with institutional partners, acquired 100% of Westinghouse Electric Company from Toshiba Corp. for approximately $4.6 billion. The acquisition closed on August 1, 2018 after CFIUS clearance.
In-Place Machining Company (IPM) acquired Western Machine Works (WMW) as part of a long-term growth strategy to expand reach and service offerings across the U.S. and Canada.
Asahi/America opened its newly constructed 59,000-square-foot fabrication facility in Paulina, Louisiana, for large-scale thermoplastic pre-fabrication. The facility operates as Asahi/America - PPI and was celebrated with a grand opening on June 1, 2023.
Pratt Industries opened its $253 million advanced corrugated box factory in Cedar Hill, Texas, on June 27, 2023. At capacity the 1.1 million square foot plant will employ 375 people.
Novelis signed a new long-term contract to supply aluminum can sheet to Coca-Cola's authorized North American bottlers via CCBSS, with supply partly from its Bay Minette, Alabama plant under construction and due to commission in 2025. The deal includes closed-loop recycling and a confidential multi-year volume.
Piasecki Aircraft Corporation acquired the former Lockheed Martin Sikorsky Heliplex facility in Coatesville, Pennsylvania, and plans to transform it into an advanced R&D center for VTOL aircraft and unmanned aerial systems. The company expects to hire 400 workers by 2028.
Milliken & Co. will begin production at its new clarifier plant in Blacksburg, South Carolina, increasing capacity for Millad NX 8000 polypropylene clarifier by over 50%. The plant is being commissioned and will launch in fall 2023.
Meridian Medical Technologies, a Kindeva Drug Delivery Company, will invest over $100 million to expand manufacturing capabilities in a newly purchased 155,000-square-foot facility in Bridgeton, Missouri, creating jobs.
Carbonxt and Kentucky Carbon Processing (KCP) finalized a legally binding joint venture agreement called 'NewCarbon' to build an activated carbon production facility in Kentucky, USA. Carbonxt will contribute $10 million over two years, and KCP will contribute Inez Power assets for an initial capacity of over 10,000 tons.
onsemi and Vitesco Technologies signed a 10-year long-term supply agreement worth $1.9bn for silicon carbide products. Vitesco will invest $250m in onsemi for new SiC equipment.
Premier Packaging, a unit of DSS, Inc., signed a three-year contract extension with an existing retail client worth a minimum of $12 million, with a fourth-year option bringing potential revenue to over $15 million.
Sulzer Pumps Solutions, a subsidiary of Swiss Sulzer Ltd, will invest $5.3 million to expand its manufacturing operations at its Easley plant on Ahlstrom Way in Pickens County, South Carolina, to add new product lines and create 25 jobs.
AD, a buying group for independent distributors, announced an intent to merge with The Baron Group, a buying group serving groundwater, well and pump distributors, with closing expected June 30, 2023. The combined members have almost 100 locations across the US and Canada.
Lockheed Martin Aeronautics Co. received an $8,325,876 cost-plus-fixed-fee contract from the U.S. Navy to provide corrective maintenance for F-135 propulsion systems on F-35 aircraft. Work will be performed in Fort Worth, Texas, with completion expected by March 2026.
Navitas Semiconductor announced a $20 million investment to build a three-reactor SiC epi-growth facility at its Torrance, CA headquarters. The first AIXTRON G10-SiC reactor is expected to be qualified and in production in 2024.
China Instrument Parts announced the acquisition of Iseli Company, a Swiss-screw machine products supplier in Walworth, Wisconsin. Both will become subsidiaries of new parent company Reader Instrument Solutions.
WPT Nonwovens Corp invested $18.5 million in a new man-made fiber nonwoven manufacturing line to produce PLA Berry Amendment-compliant nonwoven products, expanding its capabilities as a supplier to the U.S. Department of Defense.
Magellan Aerospace signed a contract extension with Boeing to manufacture large and complex nacelle exhaust systems for the 767 program, to be produced at Magellan's facility in Middletown, Ohio.
PolyMet Mining's joint venture NewRange Copper Nickel has commenced an $18 million site readiness program at the NorthMet project in Minnesota, preparing the plant site for construction by removing and salvaging steel from the existing concentrator building.
Oshkosh Corporation has entered a definitive agreement to acquire the AeroTech business from JBT Corporation for $800 million in cash. The acquisition adds aviation ground support products and airport services to Oshkosh's portfolio.
Puget Sound Naval Shipyard awarded American Compressor Company a firm-fixed-price contract with one base year and two option years to lease four High Pressure Air Compressors, valued at $905,280.
Monterey Wine Company in King City, California agreed with British firm Frugalpac to become the first U.S. contract filler of Frugal paper bottles for wines and spirits.
Parker Aerospace, a segment of Parker Hannifin, signed a five-year indefinite delivery contract with the US Army AMCOM to overhaul and upgrade UH-60 Blackhawk hydraulic pumps and flight control actuation, with support at Corpus Christi Army Depot, Texas.
Westrafo opened a new North American production facility in Trotwood, Ohio in 2025. The 231,000 sqft site will produce medium voltage transformers and energy solutions, targeting 12 GW annual output by 2027.
ITOCHU Corporation announced the acquisition of all shares of American Hydro from Wärtsilä Corporation, along with related assets in Canada. American Hydro manufactures and maintains water turbines in North America.
NovaTech Automation acquired the product line of TestSwitch LLC, including the W3TS Test Switch, to expand its critical infrastructure solutions portfolio.
Triosim Corporation signed a purchase agreement for the assets of Somarakis, Inc., including inventory and intellectual property, making it the authorized Somarakis pump repair provider. Triosim will build new Somarakis-model vacuum pumps at its facilities in Leland NC, Clinton LA, Middletown OH and Montgomery AL.
Evapco SelectTech, an industrial systems integrator, is expanding its Belmont, Michigan operations by purchasing a facility in Plainfield Charter Township, with a $3 million capital investment and creation of 38 jobs.
Sunland Aerospace Fasteners expanded its facility in Pacoima, California to 26,000 square feet, increasing production capabilities.
SSAB Americas opened a new $100 million production line at its steel mill in Mobile County, Alabama. The expansion added 54,000 ft2 of manufacturing space and approximately 50 jobs, increasing capacity for quenched and tempered steels.
AqueoUS Vets, a water treatment solutions provider, acquired Dixie Tank Company, a manufacturer of carbon and stainless-steel tanks and pressure vessels based in Jacksonville, Florida. Financial terms were not disclosed.
Metro Medical Equipment & Supply Inc. has been added as an awardee to a multiple award contract for medical and surgical supplies for the Defense Logistics Agency Electronic Catalog, valued at $30,000,000.
ABC Aluminum Solutions is expanding its production capacity by 60% with the addition of three new extrusion presses, increasing monthly capacity from 15,720,000 to 25,000,000 pounds of aluminum. The expansion will create over 150 jobs.
Evapco Select Technologies, a food equipment manufacturer, plans a $3 million expansion of its facility at 8093 Graphic Drive NE in Plainfield Township, Michigan.
Mpac Group plc acquired Boston Conveyor & Automation, Inc, a US-based supplier of robotic automation and conveyor solutions, for $17 million in cash and shares.
Mitsubishi Heavy Industries plans to invest $490 million to add capacity at its Savannah Machinery Works factory in Georgia, operated by Mitsubishi Power Americas, targeting to double large gas turbine production capacity by fiscal 2030 versus 2024.
RHI Magnesita, a Vienna-based fireproof materials maker, plans to buy Resco Group, a U.S.-based producer of alumina and refractories, for an enterprise value of up to $430 million. The acquisition is expected to be completed in the second half of 2024.
Filtronic plc was awarded an $8.0 million contract to develop, manufacture and qualify high-performance system level products using its amplifier technology for a US company, starting March 2026 and expected to complete in 2027.
Marvell Technology is acquiring optical-components maker Lumentum in a deal valued at $115 billion, announced on Monday, to strengthen its AI data-center business.
Dow and New Energy Blue announced a long-term supply agreement in which New Energy Blue will produce bio-based ethylene from corn stover at a new facility in Mason City, Iowa, and Dow will purchase it for use in recyclable plastic applications.