GNCO, Inc. has acquired Intermountain Lift Truck, a material handling equipment company in Utah. Intermountain Lift Truck will remain under local management.
Hilltip has acquired all assets of Industrial Metal Products Inc, an Indiana-based manufacturer of truck beds and other metal products. The Fort Wayne facility will be expanded for increased production and storage capacity.
General Motors has selected Lear Corporation to produce the battery disconnect unit (BDU) on all full-size SUVs and trucks built on the Ultium EV platform through 2030. Lear plans to open a new manufacturing facility in Michigan with an $80 million investment.
IBC Advanced Alloys is now supplying beryllium-aluminum alloy components under contract to L3Harris Technologies for an undisclosed aerospace application. Details of the contract remain confidential.
Fidelity Building Services Group acquired HVAC Control Technology, a New Jersey-based provider of advanced systems integration and control system design and installation services.
Triumph Group's Systems, Electronics and Controls business received a production contract from a major engine OEM for 400 Auto Feather Units over two years, with expected future orders of 300 per year and retrofit of 2,000 fielded aircraft.
SEE announced on November 1, 2022, it has signed a definitive agreement to acquire Liquibox, a Bag-in-Box packaging solutions provider, for $1.15 billion on a cash-free debt-free basis. The acquisition is expected to be accretive by the second quarter after close.
Automated Machine Systems (AMS) announced a $1.5 million, 35,000-square-foot expansion to its plant in Jenison, Michigan. The company originally built the 41,000-square-foot facility in 2015 and added a 25,000-square-foot expansion in 2017.
Precision Profiles announced it is supporting construction of the U.S. Navy nuclear-powered aircraft carrier Enterprise (CVN 80) by supplying high-precision metal components. The contract is part of a multi-ship contract for CVN 80 and 81.
Beauty Manufacturing Solutions Corp announced plans to expand into Fort Worth with a second manufacturing facility in the DFW Metroplex. The company will invest approximately $150 million in a 445,870-square-foot advanced manufacturing facility at Hillwood's Alliance Texas development, creating over 250 jobs.
Absolics, a subsidiary of SKC, broke ground on a $600 million manufacturing facility in Covington, Georgia, to produce glass substrates for the semiconductor industry. The facility will create over 400 jobs.
Ox Industries closed its Halltown Mill in Halltown, West Virginia, in November 2022, eliminating about 70 jobs. The mill, the state's oldest continuously operating manufacturing plant, made recycled paperboard.
Dresser Utility Solutions, a maker of metering, instrumentation and flow control products, has acquired the assets of Total Piping Solutions in Olean. The article is truncated and gives no deal value.
Kruger Packaging completed construction of its $114 million automated corrugated packaging plant in Elizabethtown, Kentucky, which is starting up and is expected to create nearly 150 jobs.
Wildpack Beverage entered a long-term packaging supply and manufacturing agreement with EHPlabs, committing to 30 million units in 2023 and 40 million in 2024 from its Las Vegas facility; EHPlabs CEO also takes a private placement stake and a board seat.
Johnson & Johnson agreed to acquire heart-support device maker Abiomed through a tender offer at $380 per share in cash plus a contingent value right of up to $35 per share, an enterprise value of about $16.6 billion.
Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Motion & Control Enterprises (MCE) acquired Nightwine Valves & Actuation, a Cleveland, Ohio distributor of flow control products such as valves, actuators and regulators serving Ohio, Pennsylvania and Kentucky. The deal was announced on November 1, 2022.
Swanson Industries acquired majority ownership of Tiefenbach North America, a supplier of hose, fittings, and hydraulic components for longwall mining systems. The acquisition was completed on October 31, 2022.
Hatco Corporation, an employee-owned commercial foodservice equipment manufacturer, purchased Food Warming Equipment Company (FWE), a manufacturer of heated holding cabinets and other foodservice equipment with locations in Crystal Lake, Illinois and Portland, Tennessee.
Galen Robotics completed the first close of an oversubscribed Series A round with $15 million in funding, including investment from Ambix Healthcare Partners. The company has submitted a surgical robot to the FDA for consideration.
Sikorsky, a Lockheed Martin company, was awarded a $14,280,171 firm-fixed-price modification to provide supplies and support for CH-53K Production Rate Tooling Procurement 3 for full rate production for the Navy. Work is expected to be completed in July 2026.
General Electric was awarded a not-to-exceed $1,085,106,892 indefinite-delivery contract by the Naval Supply Systems Command for repair, replacement, and program support of 784 F414 engine components for F/A-18 aircraft. Work is expected to be completed by October 2027.
Salas O’Brien merged with Zepnick Solutions, an employee-owned engineering and automation design firm based in Green Bay, Wisconsin. Zepnick Solutions provides mechanical, electrical, and process engineering for food, paper, and consumer goods industries.
Vishay Intertechnology acquired MaxPower Semiconductor for $50 million in cash at closing, with up to $57.5 million in contingent payments. MaxPower, a fabless power semiconductor provider, will be incorporated into Vishay's MOSFETs segment, adding SiC and silicon MOSFET technologies.
BASF closed the divestiture of its Quincy, Florida site and attapulgite business to Clariant for $60 million. The deal includes a long-term supply agreement for attapulgite-based products to BASF.
Tutor Perini's subsidiary Five Star Electric was awarded two contracts collectively valued at approximately $90 million: a design-build contract for a substation at JFK International Airport (with Yonkers Contracting) and the electrical component of a PATH substation replacement in Jersey City.
IBC Advanced Alloys Corp. has been selected to supply beryllium-aluminum alloy components under contract to L3Harris Technologies for an undisclosed aerospace application. The work is in early stages.
Lancaster-based private equity firm Peak Capital acquired Penn Pump & Equipment, a Hatfield manufacturer and distributor of plumbing and HVAC pumping products, as reported on October 31, 2022.
Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.
MedGyn announced it has completed the acquisition of Thomas Medical from Biomerics ATL, LLC. Thomas Medical manufactures single-use medical devices and accessories for women's healthcare and will operate as an independent division of MedGyn.
RōBEX, a robotics and industrial automation solutions provider, has acquired Vantage Corporation, a Michigan-based industrial robotics manufacturer and integrator. This is RōBEX's first acquisition since being acquired by Angeles Equity Partners.
Fujifilm Diosynth Biotechnologies broke ground on a $300 million expansion of its vaccine manufacturing campus in College Station, Texas. The project will add 138,000 square feet and double the site's single-use medical device manufacturing capacity.
OTC DAIHEN produced its 1,000th robotic welding system, a SERVO-ARC 720B, sold by Airgas to East Manufacturing Corp for trailer production.
Ingenia Polymers and IKA Group formed a joint venture for PVC additives, to be located in the Houston area.
Beyond Gravity is adding a new production facility in Decatur, Alabama, to produce payload fairings for ULA's Vulcan rockets, creating 200 jobs. The expansion follows a contract to supply 38 fairings for Amazon's Project Kuiper.
Hyundai Mobis announced plans to invest $205 million to open an EV battery module plant in Montgomery, Alabama, creating at least 400 jobs. The 450,000 sq ft facility will supply over 200,000 EV batteries annually to Hyundai and Kia plants.
SinnovaTek/FirstWave Innovations held a ribbon-cutting ceremony for its new food processing plant in Middlesex, North Carolina. The company plans $20 million in investment and 75 jobs, with commercial production starting in January 2023.
BioCentriq officially opened its newly constructed GMP manufacturing facility at Princeton Corporate Plaza in South Brunswick, New Jersey. The facility includes two ISO-7 clean rooms and supports cell and gene therapy projects.
Radiation Detection Technologies, Inc. (RDT) is expanding its operations near Manhattan, Kansas, with a $4 million investment to construct a new facility and purchase semiconductor processing equipment, creating 30 new jobs over five years.
Lear Corp. announced it will open a new manufacturing facility in Michigan to produce battery disconnect units for GM's Ultium EV platform, with an investment exceeding $80 million. The facility is expected to generate $500 million in annual electrification sales at full production.
Modine Manufacturing shipped its first OptiChill chillers for the North American data center market from its newly repurposed Rockbridge, Virginia facility, as part of an order with data center operator Corscale.
Geistlich Pharma North America acquired Lynch Biologics, developer of GEM 21S, a recombinant growth factor product for oral regenerative surgery. The acquisition strengthens Geistlich's regenerative product portfolio.
Cresilon, Inc. completed a $25 million Series A-4 financing round to accelerate global expansion, increase production capacity at its Brooklyn biomanufacturing facility, and support entry into the human health market.
Kalmar is upgrading and expanding its manufacturing plant in Ottawa, Kansas, in a deal worth close to US$21.5 million, aiming to double annual production capacity. The expansion is expected to be completed in 2023.
Beyond Gravity (formerly RUAG Space) was awarded a contract by United Launch Alliance to supply 38 payload fairings for Vulcan rockets that will launch Amazon's Project Kuiper satellites. To handle the volume, Beyond Gravity is building a second production facility in Decatur, Alabama, creating 200 jobs.
Motion Industries opened a 105,000 square-foot state-of-the-art facility in Minnesota.
Solenis will invest $40 million to expand its R&D operations by moving to a 100,000-square-foot building at Chestnut Run Innovation and Science Park in Wilmington, Delaware, adding up to 46 new jobs.
Niche Polymer LLC plans to open an 80,000 ft² plant in Muscle Shoals, Alabama, focusing on soft polymers (TPEs and TPVs), equipped with up to three twin-screw compounding lines, to supply automotive OEMs in the Southeast.
Regal Rexnord Group has agreed to acquire Altra Industrial Motion Corp. for $62.00 per share in an all-cash transaction valued at $4.95 billion. The deal is expected to close in the first half of 2023.