Top Material secured a KRW 22 billion contract from Our Next Energy (ONE) to supply a prototype LFP battery assembly line for ONE's facility in Michigan, USA. The line is to be completed by November 16, 2023.
BellSimons Companies opened a Mitsubishi Electric Authorized Training Center (MATC) in Waterville, Maine.
Honda and LG Energy Solution selected a joint venture of Turner Construction, Yates Construction and Kokosing Industrial to build a $3.5 billion, 40 GWh EV battery plant in Fayette County, Ohio. Construction is scheduled to start in early 2023 with production in 2025.
GFG Alliance's Australian subsidiary InfraBuild announced plans to acquire three US steel and wire companies from GFG: Keystone Consolidated Industries, Engineered Wire Products, Johnstown Wire Technologies, and Georgetown Steelworks, to create a more integrated product portfolio.
Chevron Phillips Chemical, in a joint venture with QatarEnergy called Golden Triangle Polymers Company, plans to build an $8.5 billion integrated polymers plant in Orange County, California. The project will create 500 full-time jobs and 4,500 construction jobs, with operations expected to start in 2026.
Mill Steel Co. acquired Cleveland Metal Exchange and Chicago Stainless Metal Exchange to expand into flat-rolled stainless steel and aluminum markets. The transaction closed on January 18, 2023; terms were not disclosed.
Convergen Energy received final approval from the Iowa Economic Development Authority for an $18.4 million manufacturing facility in Fairfax, Iowa, to produce renewable fuel from industrial by-products, creating at least 23 new jobs.
General Motors will invest $45 million at its Bedford, Indiana aluminum die casting foundry to expand production capacity of EV drive unit castings for the Chevrolet Silverado EV and GMC Sierra EV. Work begins immediately.
Valesco Industries, LLC acquired North American Kitchen Solutions, Inc., a supplier of customized commercial kitchen hoods and fire suppression systems, from Weinberg Capital Group.
Charbone Hydrogen Corporation amended its agreement to acquire Wolf River Hydro Limited Partnership, owner of a 700 kW hydropower plant in Shawano, Wisconsin, with closing expected on or before December 1, 2022.
Prysmian Group will expand its Sedalia, Missouri, manufacturing facility with a $45 million investment, adding 115,000 square feet and 60 jobs. The expansion includes new production lines for aluminum wire products.
CHA Consulting, Inc. acquired Eckler Engineering, Inc., a Fort Lauderdale-based engineering firm specializing in water supply, treatment, and wastewater services. The acquisition expands CHA's water resources team and geographic reach in Florida.
Firan Technology Group Corporation entered an agreement to acquire IMI Inc., a manufacturer of specialty RF circuit boards for aerospace and defense, for approximately $2M CAD. Closing expected in Q1 fiscal 2023, subject to CFIUS approval.
Steel Dynamics will invest $2.5 billion to expand its Columbus, Mississippi campus with a $1.9 billion recycled aluminum flat rolled mill and a biocarbon production facility, creating 1,000 jobs. Construction of the aluminum mill begins in 2023 with completion in 2025; the biocarbon facility begins in 2022 with completion in late 2023.
Marel acquired a minority stake in Soft Robotics Inc, a US-based robotics company, for USD 3 million as part of Soft Robotics' Series C round. The transaction closed on 17 November 2022.
LyondellBasell is evaluating a 400 kiloton propylene expansion project at its Channelview Complex near Houston, Texas, using its own technology to convert ethylene into propylene. A final investment decision is expected towards the end of 2023, and the project would create approximately 10-15 new jobs.
Forged Solutions Group, a portfolio company of Arlington Capital Partners, has acquired Steel Industries, Inc., a manufacturer of open die forgings and seamless rolled rings based in Redford, Michigan. Steel Industries will continue to be led locally by Frank Witte.
Funds managed by Apollo affiliates completed the acquisition of Tenneco, an automotive parts manufacturer, for $20.00 per share. Jim Voss was appointed CEO of Tenneco effective immediately.
DL E&C (DL Engineering & Construction) received a final investment decision for the Golden Triangle Polymers project, a petrochemical plant in Texas/Louisiana, with total contract value of about KRW 1.67 trillion (USD 1.26 billion). DL USA will perform the work jointly with Zachry Industrial.
Oshkosh Corporation has entered into a definitive agreement to acquire Hinowa S.p.A., a manufacturer of track-based aerial work platforms and mini-dumpers, expanding its product line and European footprint.
Beam Global received an $11.7 million order from the U.S. Department of Veterans Affairs for 140 EV ARC systems.
Trane Technologies announced it will purchase low-carbon steel from Nucor Corp. and US Steel for its HVAC products.
Route 92 Medical announced expansion to a new 40,000 square foot high-volume manufacturing site in Salt Lake City, Utah, which will also serve as a clinician training center.
Concentric, an OnPoint Group company, acquired Texas Motive Solutions, a provider of service solutions to forklift dealers in Texas. The acquisition expands Concentric's footprint in Dallas and Houston.
Latecoere completed the acquisition of Avcorp Industries, which includes Comtek, a designer and manufacturer of aircraft components. The acquisition was celebrated at a welcome event on November 16, 2022.
BMW Manufacturing announced an expansion to add a press shop for stamped metal body parts on its Spartanburg County campus, investing more than $200 million and creating 200 jobs.
Takeuchi's new 156,000-square-foot manufacturing facility in Moore, South Carolina, has begun production of compact track loaders. The facility will eventually produce nearly all of the company's compact track loaders and employ around 150 people.
Stertil-Koni was awarded a multi-million dollar competitive bid to provide 462 EARTHLIFT Mobile Column Lifts to NJ TRANSIT, the single largest order in the company's history.
BorgWarner will invest $500 million in Wolfspeed's financing transaction, securing the right to purchase up to $650 million of silicon carbide devices annually under a multi-year agreement.
Pratt & Whitney's new 1.2 million square foot turbine airfoil production facility in Asheville, North Carolina, is expected to achieve initial operational capability in Q2 2023. The $650 million investment is expected to create 800 new jobs through 2027.
All Metals Industries Inc. (AMI), a portfolio company of Salt Creek Capital, has acquired Gerber Metal Supply Company, a regional distributor of metal products based in New Jersey. Financial terms were not disclosed.
Shell Chemical has started production at its new polyethylene plant in Pennsylvania. The plant is a major petrochemical facility.
Meridian Medical Technologies, a St. Louis-based maker of auto-injector pens, is merging with Kindeva Drug Delivery, a Minneapolis-area medical manufacturer.
GIM Inc. plans to invest over $18 million to develop a manufacturing campus in Scottsburg, Indiana, to increase production of its Sandwich Plate System, creating up to 135 jobs by end of 2026.
Mammoet has signed a partnership agreement with Bay Crane Services to address the growing US offshore wind market, combining Mammoet's global expertise with Bay Crane's local presence in the northeastern US.
Stertil-Koni was awarded a multi-million dollar competitive bid to provide 462 EARTHLIFT Mobile Column Lifts to NJ TRANSIT, the largest order in the company's 25-year history.
Lam Research Corp. completed the acquisition of SEMSYSCO GmbH, a provider of wet processing semiconductor equipment, from Gruenwald Equity and other investors. Financial terms were not disclosed. The acquisition adds capabilities in advanced packaging for chiplet-based solutions.
Sonablate Corp. announced a 3-year agreement with Agiliti for Agiliti to acquire and deploy Sonablate HIFU devices throughout its U.S. network. The agreement expands access to Sonablate's focal therapy technology.
Komar Brands, a global apparel company, will invest $87 million and create 294 new jobs in a new manufacturing and distribution facility in Bryan County, Georgia. The facility will be located at Interstate Centre 3.
Roche Tissue Diagnostics celebrated the expansion of its manufacturing operations in Marana, Arizona, with a new 60,000 sq ft building for instrument and service manufacturing. The total investment is approximately $43.5 million, and the building is expected to be fully operational in early 2023.
Cashman Equipment Company will be acquired by Empire Southwest at the end of December 2022, combining two Caterpillar dealerships.
Praxis Technology purchased a 53,500-square-foot manufacturing complex on Pruyn's Island in Glens Falls, New York from Andritz Inc. The company will consolidate its two Queensbury facilities into the new location, investing approximately $1 million to reoutfit the building. The move will more than double its current 20,000 square feet of space and is expected to be completed by mid-2023.
Archer Aviation selected a site in Covington, Georgia adjacent to the Covington Municipal Airport for its manufacturing facility. The company plans to initially build a 350,000 square-foot facility capable of producing up to 650 aircraft per year, with construction expected to be completed in the first half of 2024 and initial production in the second half of 2024. Archer intends to invest $118 million over 10 years and expects to create over 1,000 jobs long-term.
Hytrol Conveyor and Haag Brown Commercial Real Estate began building a 150,000 square foot warehouse and distribution center at e-Commerce Park in Jonesboro, Arkansas. The facility will serve as Hytrol's main warehouse and is expected to be complete in spring 2023.
SRS Conveyors announced the acquisition of Erie Manufacturing and Garment Conveyor Systems Inc. (GCSI), a manufacturer of equipment for handling hanging merchandise and flat goods in the garment industry.
Mammoet USA and Bay Crane announced a strategic partnership to serve the growing offshore wind market in the North East of the United States. The partnership combines Mammoet's heavy-lift equipment and global reach with Bay Crane's local presence.
United Rentals Inc. agreed to buy family-owned Ahern Rentals Inc. for about $2 billion in cash to expand its footprint on both US coasts and in the Gulf-coast region. Ahern has about 2,100 employees in 30 states.
EGCO Group, through its subsidiary EGCO RISEC II, LLC, signed an agreement to acquire a 49% interest in the 609 MW RISEC natural gas-fired combined-cycle power plant in Johnston, Rhode Island, USA. The transaction is expected to close in Q1 2023.
Kohler Power Systems completed a 155,000 sq. ft. expansion of its North American generator manufacturing facility in Mosel, Wisconsin, including production, testing, warehousing space and a customer experience center. The project began in March 2021.
ESAB Corporation, a global leader in fabrication and gas control technology, acquired Ohio Medical, including its Amvex and Squire-Cogswell brands. Ohio Medical will operate within ESAB's industrial, medical, and specialty gas portfolio.