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.
JRS Pharma announced the expansion of its manufacturing facility in Cedar Rapids, Iowa, with a new 9,200-square-foot building to produce Microcrystalline Cellulose products. Operations are expected to begin in early 2024, adding new high-value jobs.
Lazurite and Hospital for Special Surgery announced a collaboration agreement focused on Lazurite's ArthroFree Wireless Surgical Camera System. They will collaborate to advance surgical technology, including evaluation and potential co-development of new arthroscopic technologies.
Clayton, Dubilier & Rice and Greenbriar Equity Group announced definitive agreements to combine Paradigm Precision and Whitcraft Group, creating a scaled manufacturer of aviation engine components. CD&R-managed funds and Greenbriar will invest in the combined company, with Carlyle selling Paradigm.
Jet Parts Engineering, a portfolio company of Vance Street Capital, bought Northeast Aero Compressor (NEACO), a repair business for complex pneumatic, hydraulic and electro-mechanical aircraft parts. The deal broadens Jet Parts' repair services across cargo, commercial and military aviation. Terms were not published.
SMS Group will provide a logistics and storage system for LOTTE Group's $238.7 million aluminium foil plant in Elizabethtown, Kentucky, which will produce 36,000 tonnes per year of cathode foil for EV batteries. The collaboration was announced on November 29, 2022.
Saputo Cheese USA has expanded its facility in Las Cruces, New Mexico, with a $30 million capital investment. The expansion created nearly 300 new full-time jobs and added four new string cheese manufacturing plants, completed four years ahead of the 2026 target.
ChromaScape, LLC has acquired CEL Chemical, Inc., a manufacturer of adhesives and additives for the corrugated paperboard packaging industry, based in Piedmont, South Carolina.
Salona Global Medical Device Corporation has executed a definitive agreement to acquire the physical medicine assets of Biodex Medical Systems, Inc. for US$5 million in cash at closing plus up to US$3 million in deferred payments.
Ritz Instrument Transformers GmbH is expanding its HV instrument transformer manufacturing capacity in Lavonia, GA and opening a new HV inductive instrument transformer facility in Waynesboro, GA. The expansion adds jobs and equipment.
Mereo Capital Partners and Hyperion Capital Partners have acquired Algus Packaging, a packaging company based in Illinois. The transaction closed on 2 November 2022; financial terms were not disclosed.
Boston Scientific has agreed to acquire Apollo Endosurgery for $10 per share, an enterprise value of approximately $615 million, to expand its endoluminal surgery portfolio.
GE Aviation Systems LLC was awarded a $157,183,240 firm-fixed-price IDIQ contract for propeller engineering reliability and logistics support for the KC-130J R391 propeller system for the Navy, Marine Corps, and FMS customers.
NOVAIR USA plans to invest more than $1 million and add 12 jobs at its North Tonawanda, New York plant to expand oxygen and nitrogen generator manufacturing, including moving some production from America Energy in Miami.
Hidden Harbor Capital Partners acquired Machinery Services Corp. and Rapid Pump & Meter Services Co., based in Paterson, New Jersey, with senior secured credit facilities provided by LBC Credit Partners. The deal was announced on 29 November 2022.
Markert Group acquired 100% of Cross Filtration LLC in Moravia, New York State, on November 28, 2022. Cross Filtration will be renamed Markert USA.
KATEK SE signed a purchase agreement to acquire 100% of Nextek Inc., a US electronics manufacturer with $37M in annual sales and 170 employees. The transaction is expected to close in Q1 2023.
Leonardo DRS completed an all-stock merger with RADA Electronic Industries, with RADA shareholders retaining 19.5% ownership and Leonardo S.p.A. owning 80.5%.
Siemens Healthineers will sell $140 million in medical equipment to Atrium Health.
CMS Corporation was awarded a $15.3 million contract to repair the chiller plant at Building 2000, Joint Base San Antonio-Lackland Kelly Annex in Texas.
Pro Refrigeration and CryoBuilt Chambers formed a manufacturing partnership, with Pro Refrigeration investing nearly $1M in its Mocksville, North Carolina facility to increase CryoBuilt's output.
Novvia Group, a packaging distributor backed by Kelso & Company, acquired Innovative Container, a La Mirada, California distributor of plastic, metal, glass and corrugated containers. Financial terms were not disclosed.
Munters announced plans to build a new facility in the U.S. that will house fabrication, assembly, rotor production, an R&D lab, and a service training academy.
Trelleborg Healthcare & Medical is investing several million dollars to expand its assembly plant in Northborough, Massachusetts, adding 25,000 square feet of Class 7 and 8 clean rooms. The three-phase project will advance over 24 to 36 months, starting in January, and is expected to create at least 50 new jobs.
KION North America is expanding its Summerville, South Carolina headquarters with a $40 million, 250,000 sqft expansion that will add 450 jobs. The expansion will move lithium-ion battery production and counterbalance manufacturing to the site.
Ziehl-Abegg is investing 100 million euros in a new 46,500 m2 US production plant in Winston-Salem, North Carolina, expected ready for occupancy in 2024, with the existing Greensboro site relocated there in 2025.
Wolfspeed is engaged in a multi-year, US$6.5 billion capacity expansion including a 200mm fab in Mohawk Valley, New York, and a 445-acre silicon carbide materials facility in North Carolina, with first phase completion by end of 2024.
BorgWarner invested US$500m in Wolfspeed, securing access to US$650m worth of silicon carbide semiconductors annually for use in EV components.
Cemex USA and RTI International secured US$3.7m in funding from the US Department of Energy for a carbon capture study at the Balcones cement plant in New Braunfels, Texas, using RTI's NAS system with a CO2 capture capacity of 670,000t/yr.
Dow selected AB Specialty Silicones as an authorized distributor in the US and Canada for OH functional silicone polymers in the elastomeric roof coating market. The announcement was made on November 23, 2022.
IMT Defense received a potential five-year, $391 million firm-fixed-price contract from the U.S. Army to produce, inspect, package and supply metal parts assemblies for 155mm M795 artillery projectiles, with work expected to conclude by November 22, 2027.
G6 Materials Corp. passed a qualification audit by a global microconnector company and subsequently received a purchase order for Q4 2022, expected to continue quarterly under a five-year exclusive agreement signed in December 2021.
Hyundai Mobis plans to invest $926 million in an EV Power Electric system plant in Bryan County, Georgia, creating at least 1,500 jobs. The 1.2 million-square-foot facility will supply power electric systems and charging control units to Hyundai and Kia plants.
First Aviation Services acquired Associated Aircraft Manufacturing and Sales (AAMSI), a Fort Lauderdale-based company that manufactures aircraft parts and offers repair and overhaul services, to augment its MRO capabilities and open new markets.
Aerzen USA has acquired Aquarius Technologies, a wastewater treatment solutions provider based in Saukville, Wisconsin. Aquarius engineers and manufactures diffused aeration products and systems.
Continental Resources announced the completion of its merger with Omega Acquisition, Inc., taking the company private, with shares expected to cease trading on the NYSE on November 23, 2022.
Indian medtech startup SS Innovations acquired a controlling interest in Avra Medical Robotics, a Nasdaq-listed company in the United States, to bring its 'Made in India' surgical robot to the global market.
Biocare Medical, a provider of IHC and FISH instrumentation and reagents, announced the acquisition of Empire Genomics, a market leader in molecular biomarkers for cancer research and diagnostics. The acquisition expands Biocare Medical's molecular portfolio to over 1 million biomarkers.
Jeryong Electric signed a contract with Public Service Electric and Gas Company (PSE&G) to supply pad-mounted transformers valued at KRW 30.98 billion, with a contract period until December 30, 2024.
Atlas Copco acquired the operating assets of Northeast Compressor, a seller of air compressors and services to industrial customers in upstate New York, strengthening its geographic coverage there; the price was not disclosed.
Tiber Pack S.p.A. signed an official distribution agreement with The Middleby Corporation for its machines and equipment in the USA, Canada and Mexico, through Vemac Srl.
The U.S. Army Corps of Engineers has awarded a $160 million Multiple Award Task Order Contract (MATOC) to seven small businesses for regional metal fabrication, refurbishment, and installation for the Great Lakes and Ohio River Division. Contractors include Alltech Engineering Corp, G&G Steel, Hohl Industrial Services, J.F. Brennan Company, Marine Diving Solutions, Precision Build Solutions, and Steward Machine Company.
GKN Aerospace will relocate its North America additive manufacturing center of excellence to a 100,000 square-foot facility in Fort Worth, Texas. The multi-million USD public-private investment will support R&D for laser metal deposition with wire technology for titanium aerostructures, with operations beginning in early 2023 and up to 100 personnel at full capacity.
Loughmiller Machine, Tool & Design has been awarded a $10,366,400 firm-fixed-price contract by the U.S. Navy for manufacturing and testing of AN/SPS-48 antenna system arrays. Work will be performed in Loogootee, Indiana, and is expected to be completed by November 2027.
A North American rotary screw compressor manufacturer has ordered a TG 350E CNC rotor grinding machine from PTG Holroyd, valued at over $1.7 million. The machine is scheduled to ship in Spring 2023.
ITOCHU Corporation, Tokyo Century Corporation and Hitachi Construction Machinery Co., Ltd. agreed to establish ZAXIS Financial Services Americas, LLC, a joint venture finance company for construction machinery sales in North America.
A joint venture of JGC America, Inc. and Kiewit Energy Group Inc. was awarded an EPC contract for the ethylene portion of the Golden Triangle Polymers integrated polymers project in Orange, Texas. The ethylene plant will have an annual capacity of 2 million tons.