GenServe, a portfolio company of GenNx360 Capital Partners, acquired Illini Power Products and Gen-Power, key players in the Chicago generator market. The acquisition expands GenServe's geographic presence into the Midwest.
Oatly and Ya YA Foods announced a long-term strategic hybrid manufacturing partnership. Ya YA Foods will acquire assets and assume leases at Oatly's Ogden, UT and Fort Worth, TX facilities, while Oatly retains ownership of oat base production lines. Oatly will receive approximately $72 million.
New State Aviation Holdings has acquired Blackhawk Aerospace, a provider of aircraft performance improvements including engine upgrades for turboprop planes. The acquisition was announced on January 3, 2023, and terms were not disclosed.
Cactus, Inc. has entered into a definitive agreement to acquire FlexSteel Technologies Holdings, Inc., a manufacturer of spoolable pipe technologies. The acquisition was announced on January 3, 2023.
First Brands Group, a global automotive parts manufacturer, will acquire Horizon Global, a manufacturer of towing and trailering equipment, in an all-cash tender offer for $1.75 per share. The transaction was announced on January 3, 2023.
Texas Instruments' LFAB, a 300-mm semiconductor wafer fab in Lehi, Utah, has started production for analog and embedded products. The facility was purchased about one year ago and represents a total investment of $3-4 billion.
Renewal by Andersen, a division of Andersen Corporation, will invest over $420 million and create 900 jobs in a new manufacturing facility in Locust Grove, Georgia, its first in the Southeast.
Nucor Corporation's new $1.7 billion steel plate mill in Brandenburg, Kentucky rolled its first steel plate on December 30, 2022, with final commissioning and first shipments expected in Q1 2023.
Finnish technology group Valmet has completed its acquisition of the US-based Process Solutions business of NovaTech Automation. The deal was announced in November 2022.
Hollingsworth & Vose will invest $40.2 million to expand its Floyd County, Virginia facility by over 28,000 square feet for new production equipment, creating 25 new jobs. Governor Glenn Youngkin announced the project on 3 January 2023.
James Hardie plans to build a 1.25 million-square-foot manufacturing facility in Crystal City, Missouri, creating 238 jobs. The plant will be the company's largest location worldwide and is expected to break ground in spring 2023 with product moving by October 2025.
Hexagon Digital Wave will deliver a UE7 Ultrasonic Examination machine to CP Industries for verifying Type 1 steel cylinder production. The machine was completed at year-end 2022.
Stellantis NV is converting and upgrading its die casting plant in Kokomo, Indiana, to produce parts for electric motors and transmissions. The project began in early 2023 and involves converting existing die casting machines.
U.S. Water was awarded a three-year contract with two one-year renewal options by the City of Lauderhill, Florida, to operate its Water Treatment Plant. The contract is valued at $1.1 million annually.
Donaldson Co Inc acquired Isolere Bio Inc, an early-stage biotechnology company developing IsoTag reagents and filtration processes for biopharmaceutical purification.
Ingersoll Rand Inc completed the acquisition of SPX Flow's Air Treatment business for approximately $525 million in cash. The business includes brands such as Hankison, Pneumatic Products, Jemaco, Deltech and Delair.
Synagro Technologies was awarded a contract by the City and County of Honolulu for a design-build-operate anaerobic digestion capacity expansion at the Sand Island Wastewater Treatment Plant in Honolulu, Hawaii, including two 2.35 million-gallon digesters.
Willacoochee Industrial Fabrics (WINFAB) has commenced production of erosion control blankets at a newly constructed facility in Nashville, Georgia, as part of a capital expansion project announced in the second half of 2022. The facility started production on or around January 2023.
Yanmar Compact Equipment North America announced a 32,000-square-foot expansion to its Grand Rapids, Minnesota facility, including a new powder coating paint system that will increase paint capacity up to three times and parts manufacturing capacity up to two times. The project is expected to add hundreds of full-time positions over the next five years.
Lotte Biologics completed the acquisition of a plant from Bristol Myers Squibb in Syracuse, New York for $160 million on January 1, 2023, to develop it as its North American center.
Kiewit Corporation completed its acquisition of Weeks Marine, Inc. and its subsidiaries for an undisclosed amount.
AMMEGA expanded its modular conveying products facility in Reading, Pennsylvania as part of a $100 million investment.
AMMEGA invested $100 million to open a new conveyor manufacturing center in Buford, Georgia, and expand a modular conveying products facility in Reading, Pennsylvania.
Hitachi, Ltd. acquired Flexware Innovation, Inc., a manufacturing systems integrator in the US, to strengthen its MES, SCADA, and digitalization capabilities in North America.
EFP, a J. B. Poindexter subsidiary, has opened its first South Carolina plant in Bishopville, Lee County, a 117,000 sq ft facility for custom protective packaging and cold chain solutions. The $15 million investment was first announced in January 2023 and the company has hired 30 employees toward a planned 50.
Holland Pump Co acquired BPR Pumping & Vacuum Solutions, a Texas pump rental business with branches in Houston and Austin, adding dewatering services. The deal was reported in the first quarter of 2023.
MECO, a Grundfos company, acquired San Diego-based Water Works Inc, which designs and installs ultrapure industrial water systems for life science and high-tech customers. The deal was reported in the first quarter of 2023.
onsemi completed its acquisition of GlobalFoundries' 300 mm semiconductor fabrication facility in East Fishkill, New York, effective December 31, 2022. The deal adds over 1,000 employees and advanced CMOS capabilities.
The Toro Company announced plans to expand Ditch Witch in Perry, Oklahoma, with a new 200,000-sq-ft manufacturing facility and approximately 100 new jobs.
MTS Systems Corporation entered into an agreement and plan of merger with Amphenol and Moon Merger Sub Corporation, a wholly-owned subsidiary of Amphenol. The transaction was assisted by Rajah & Tann Asia.
Wieland Group acquired Hummock Industries, which owns Heyco Metals, a copper alloy strip processor, and National Bronze, a manufacturer of bronze bushings and bearings, to expand its North American capabilities.
Hansa Meyer Global Group has been awarded a logistics contract for the extension of Big River Steel's plant in Osceola, Arkansas, USA. The project started in December 2022 and will last until end of 2023, involving the supply of capital goods for a pickling line, cold rolling mill, galvanizing line, and gas cleaning plant.
Intralox will invest $60 million to expand its Hammond, Louisiana facility, adding 300,000 square feet and increasing production capacity by 50%. The project is expected to create 425 new jobs and be completed by the end of 2022.
GNCO, Inc. has acquired FMH Material Handling Solutions, effective January 1, 2023, expanding its presence in Colorado, New Mexico, and Texas.
Amthor International announced a $30 million capital plan to construct a new 33,000-square-foot facility in Gretna Industrial Park, Virginia, creating 60 new jobs. Additional equipment investments are also being made at the existing plant.
Industrial Electric Mfg. (IEM) is expanding into NorthPoint Building 7 in Jacksonville, Florida, with a $15 million investment. The expansion will add 300 jobs, bringing total employment to 700, and increase manufacturing space to over 500,000 square feet.
The Defense Logistics Agency awarded Access Bio an IDIQ contract worth up to $410 million for US-made COVID test kits, supported by AirBoss Defense Group and Maddox Defense. The first order of $205 million has commenced deliveries.
AE Industrial Partners signed a definitive agreement to sell portfolio company Resolute Industrial, a North American provider of specialty HVAC&R rental services and compressor remanufacturing, to Aggreko for a transaction value of $440 million on a cash-free, debt-free basis.
Massman Companies is pursuing a $16.3 million expansion to Alexandria, Minnesota, with a new 72,000-square-foot facility for assembling automated packaging systems. The project would transfer 100 jobs from Villard and create 10 new positions, targeting completion by early 2024.
Torque Capital Group has acquired Metal Forming & Coining Corporation (MFC / Netform), a manufacturer of flow-formed and cold-formed components for automotive and truck markets.
H2O Innovation has been awarded a three-year O&M contract for a water treatment facility in Calhoun County, Texas, and renewed a five-year contract with a Texas client, totaling $29.9 million.
Boeing's helicopter division in Ridley Park, Pennsylvania, received a $497.1 million contract to build 14 new CH-47F Chinook helicopters for the U.S. Army.
The U.S. Navy awarded Penn State's Applied Research Laboratory a $735 million contract for research, engineering and testing of large undersea unmanned vehicles, including the Snakehead drone. Work is to be completed by February 2028.
Tesla has chosen TSMC to supply 4nm chips for its Full Self-Driving AI, with volume production expected to begin in 2024 at TSMC's Arizona fab.
Genesys Industries has acquired 100% of Avia Marine Company (AMC), a manufacturer of electro-mechanical components for commercial aerospace, for cash at closing. The acquisition is expected to be accretive within three months.
Lockheed Martin Aeronautics Co. was awarded a not-to-exceed $1,051,400,000 contract to procure long lead materials for 118 Lot 18 F-35 aircraft for the US Air Force, Marine Corps, Navy, and international customers.
Pusterla 1880 is merging with Burt Rigid Box, a rigid box maker in Oneonta, New York, founded in 1886, as its first US site. Burt's president Laura Brodie becomes the first non-family shareholder in Pusterla and heads its North American operations.
Italian spider lift manufacturer CMC has agreed the acquisition of its North American distributor, All Access Equipment.
Detyens Shipyards Inc. has been awarded a $10,051,547 firm-fixed-price contract by the U.S. Navy's Military Sealift Command for the mid-term availability of fleet replenishment oiler USNS Laramie. Work will be performed in North Charleston from Feb. 14, 2023 to April 29, 2023.
Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, acquired AkroFire, a designer and manufacturer of elastomeric fire seal solutions for aerospace markets.