Ekso Bionics acquired the Human Motion and Control Business Unit from Parker Hannifin Corporation, including the Indego exoskeleton product line. The acquisition expands Ekso's product offering into home use and adds Vanderbilt University as a partner.
Gulfstream Aerospace is building a $55 million state-of-the-art aircraft paint hangar at Appleton International Airport, expected to create 200 jobs. The 73,000-square-foot facility will paint about 48 aircraft per year and is on schedule to open in 2023.
Becker Robotic Equipment will build a new manufacturing facility to house its North American headquarters in Canton, Georgia, with more than $30 million investment and 137 new jobs.
Bell Boeing Joint Project Office was awarded a $75,015,996 contract modification to procure 12 Nacelle improvement kits, rotable pool components, and interim spares, and to install 29 kits on CV-22 fleet aircraft. Work will be performed in Amarillo and Fort Worth, Texas, and Ridley Park, Pennsylvania, with completion expected in June 2025.
Purolite, an Ecolab company, opened a new 74,000-square-foot pharmaceutical manufacturing facility in King of Prussia, Pennsylvania, to produce ion exchange resins and APIs. The plant is expected to create 75 new jobs and increase API production by 67%.
Saica Group has begun operations at a new plant in Hamilton, Ohio, producing corrugated board and packaging. It is the company's first manufacturing site in the US and its tenth country of operation.
Kordsa launched a $20 million investment to double tire cord fabric capacity at its Chattanooga plant, adding 18 ktpa to reach 34 ktpa total.
Ultium Cells LLC, a joint venture of LG Energy Solution and General Motors, will spend $275 million to expand its battery cell assembly plant in Spring Hill, Tennessee, adding 400 jobs and increasing capacity from 35 to 50 GWh.
Pratt & Whitney, a Raytheon Technologies business, won a $115 million contract for the F135 engine core upgrade, supporting preliminary development activities through 2023.
Lincoln Electric Holdings signed a definitive agreement to acquire Fori Automation, a supplier of automated industrial assembly systems, for $427 million.
Sunroc, a subsidiary of Clyde Companies, finalized the asset acquisition of J.K. Merrill & Sons, an aggregates supplier in Eastern Idaho. J.K. Merrill will rebrand under the Depatco name.
Smart Care, a portfolio company of Wind Point Partners, has acquired Refrigeration Anytime, a commercial refrigeration and HVAC equipment repair company based in Manor, Texas. The acquisition strengthens Smart Care's presence in Texas.
Ferguson plc has acquired Airefco Inc., a distributor of HVAC equipment, parts and supplies in the Pacific Northwest. The acquisition was announced on December 2, 2022.
Daikin Comfort Technologies North America Inc., a subsidiary of Daikin Industries, has acquired Venstar Inc., a controls and energy management systems provider. The acquisition was announced on December 2, 2022.
Tampa Electric Company completed the Big Bend Modernization project in December 2022, converting Unit 1 from coal to natural gas combined-cycle technology, adding 1,090 MW capacity and reducing CO2 emissions by up to 3 million tonnes. TIC, a Kiewit subsidiary, was the general contractor.
Avgol Nonwovens entered into a partnership agreement with Yan Jan USA LLC to supply perforated spunbond products to the North American market.
Avgol Nonwovens plans to install a modern high-speed Reicofil 5 line at its facility in Mocksville, North Carolina, increasing production capacity for biocomponent and high-loft materials for hygiene products.
Chevron Phillips Chemical and QatarEnergy announced a final investment decision for an $8.5 billion integrated polymers facility in Orange, Texas. The plant will include a 4.6 billion lbs/yr ethane cracker and two 2.2 billion lbs/yr HDPE units, expected to start in 2026.
CMS Nextech acquired CMI Mechanical, a commercial HVAC and refrigeration service company based in Denver, Colorado. The acquisition was finalized in December 2022 and adds approximately 30 employees.
Alamance Foods (AFI) will invest $42 million to expand its warehousing and production facilities for aerosol whipped cream in Alamance County, North Carolina, creating 135 jobs.
Aviation Ground Equipment Corp. (AGEC) was awarded a $482 million contract by the US Air Force Life Cycle Management Center to design and manufacture ground power units and universal load banks. This is the largest-ever contract for military ground power units.
PEI-Genesis acquired California-based Testco Inc., a supplier of passive, electromechanical, and interconnect components, on December 1, 2022. Testco will operate as a separate company.
Valstone Corporation acquired WEM Automation, a North American supplier of control systems for feed and asphalt verticals, on December 1, 2022. WEM will join Valstone's Process Control and Automation Portfolio.
Andromeda Systems Incorporated (ASI) acquired Tools for Decision (TFD) on November 17, 2022, including TFD Group in the US, TFD Europe Ltd in the UK, and a partial stake in TFD Africa. The acquisition will integrate TFD's software and services into ASI's offerings.
Westlake Royal Building Products acquired the Palight Trimboard unit from Palram Americas, expanding its foam PVC product line.
SNF has completed a two-year expansion of ADAM monomer production capacity at its Riceboro, Georgia facility, increasing U.S. ADAM capacity by 80%. The expansion uses a new catalyst and methanol as a fuel source.
Hillenbrand has completed the acquisition of the Peerless Food Equipment division of Illinois Tool Works for approximately $59 million. Peerless will be integrated into Hillenbrand's Advanced Process Solutions segment.
Integra LifeSciences has entered a definitive agreement to acquire Surgical Innovation Associates (SIA), which manufactures DuraSorb absorbable mesh for plastic and reconstructive surgery. The deal is valued at up to $140 million, with $50 million at closing and up to $90 million in milestones.
NeuroOne Medical Technologies shipped its first commercial order of Evo sEEG electrodes to Zimmer Biomet under an exclusive development and distribution agreement. The electrodes are cleared for up to 30 days of use.
Richard Manufacturing Co., Interconnect Wiring LLP, Cherokee Nation Aerospace and Defense LLC, Parts Life Inc., and KIHOMAC Inc. were collectively awarded a $900,000,000 firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity contract for F-16 harness parts and kit assemblies by the U.S. Air Force.
S&K Logistics Services was selected as one of 14 awardees on a $1.9B contract to supply initial spare parts for the KC-46 aerial refueling fleet of the U.S. Air Force and international customers.
Schwan's Company completed a nearly $5 million investment at its Deer Park, Texas food-manufacturing facility, including new offices, conference rooms, an R&D test kitchen, and an employee break area. A new egg-roll skin manufacturing line will begin production early next year, creating 16 jobs.
Applied Physics Systems acquired all Measurement While Drilling (MWD) assets of Koltek Energy Services, including a facility in Casper, Wyoming. Koltek will discontinue MWD services.
Construction is underway for a new Emerald Transformer factory in Waco, Texas, on a five-acre site. The facility is anticipated to open in the first quarter of 2023 and will handle single-phase and three-phase transformer repair.
NXP Semiconductors agreed to buy Freescale Semiconductor in a deal valuing Freescale at $11.8 billion, with a total enterprise value of $16.7 billion including debt. The combined company will be a leader in auto and industrial semiconductor markets.
Riverstone Credit Partners provided Katy, Texas-based sustainable packaging provider Hoover CS a $160 million senior term loan. The financing gives Hoover CS additional liquidity to execute its growth strategy.
Akers Packaging Service Group acquired SCI Box, a family-owned corrugated packaging business of Mount Vernon, Illinois, founded in 1976. The deal supports Akers' Midwest expansion strategy and adds the Mount Vernon facility.
Central States Industrial (CSI) completed its acquisition of Sierra Seals, a supplier of hygienic pipe, valves, pumps and related equipment, and Sierra Seals is moving to a new site in Ceres, California. The deal was announced on December 1, 2022, and the acquisition was completed on August 1, 2022.
Corteva signed a definitive agreement to acquire Stoller Group, one of the largest independent biologicals companies in the industry.
Bayer held a groundbreaking ceremony on November 30, 2022, for a $43.6 million expansion of its Myerstown, Pennsylvania manufacturing facility. The 70,000-square-foot addition will expand packaging and production for over-the-counter products.
Kordsa Teknik Tekstil A.Ş announced the merger of its wholly-owned subsidiaries Axiom Materials Inc and Advanced Honeycomb Technologies Corp into Axiom Materials Inc, effective November 30, 2022, to create synergies in North American operations.
General Electric was awarded a $157 million firm-fixed-price, IDIQ modification contract by the U.S. Navy for propeller engineering reliability and logistic support for the KC-130J R391 propeller system.
Rolls-Royce was awarded a $228 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract by the U.S. Navy for engineering and logistics support services for KC-130J propulsion systems.
Boeing was awarded a $399 million firm-fixed-price modification contract by the U.S. Air Force for the delivery of two KC-46A aircraft for the Japan Fleet.
Raytheon Missiles and Defense was awarded an $84 million contract by the U.S. Army for 155mm Excalibur Increment Ib projectiles.
Raytheon's Pratt & Whitney was awarded a $511.5 million contract from the U.S. Navy for F135 propulsion system annual sustainment, including program management, spare parts, and engine support.
Windings Inc., a manufacturer of precision engineered motors and motor components, acquired McCully Corporation in California on November 30, 2022. The acquisition expands Windings' capabilities and West Coast presence.
NeuroOne Medical Technologies shipped its first commercial order of Evo sEEG electrodes to Zimmer Biomet under an exclusive development and distribution agreement. Zimmer Biomet had previously placed initial stocking orders and paid $3.5 million in August 2022.
Clayton, Dubilier & Rice and Greenbriar Equity agreed to acquire Paradigm Precision from Carlyle and also acquire Whitcraft Group, with plans to combine the two companies into a scaled manufacturer of aviation engine components.
Clayton, Dubilier & Rice and Greenbriar Equity Group announced definitive agreements to acquire and combine Paradigm Precision and Whitcraft Group, creating a scaled manufacturer of aviation engine components. Carlyle will sell Paradigm to the new investor group.