Siemens Energy will build its first U.S. transformer production facility in Charlotte, North Carolina, with a $149 million investment expected to create 559 local jobs. Manufacturing is set to begin in early 2026.
Solarcycle plans a solar panel recycling and glass manufacturing facility in Cedartown, Georgia, investing an estimated $344 million and creating over 600 full-time jobs. Operations are slated for 2026.
Schaeffler plans a greenfield plant in Dover, Ohio, making electric beam axles and electric drivetrain systems, with $230 million for the facility and other Ohio projects through 2032 and 450 jobs. Completion is expected in Q3 2025.
ProAmpac, a US flexible packaging company, announced the acquisition of UP Paper, a North American recycled kraft paper producer based in Manistique, Michigan. Financial terms were not disclosed.
Menasha Packaging Company plans to invest $70 million to consolidate and expand its two Richmond, Indiana locations as part of a U.S. network modernization initiative. The investment targets corrugating, printing and converting technology.
Chart Industries received an order from Element Resources for hydrogen liquefaction systems, liquid hydrogen storage and transport equipment, and hydrogen compression for the Lancaster Clean Energy Center in Lancaster, California. The plant is targeted to begin commercial operations in 2026 and produce over 20,000 tons of green hydrogen annually in its first phase.
WestRock plans to build a new corrugated box plant in Pleasant Prairie, Wisconsin, at an estimated cost of about $140 million, partly offset by property sales. The company intends to close its existing North Chicago plant once the new facility is complete.
ORBIS Corporation signed a lease-to-own agreement with EPM Partners for 420,000 sq ft of manufacturing space in Greenville, Texas, to produce reusable pallets, totes and bulk containers. The company expects to add more than 190 jobs, with initial operations projected by the end of 2024.
ITT Inc. signed a three-year agreement to supply API-610 centrifugal pump systems, aftermarket parts and engineered services to ExxonMobil, mainly for North American operations. The contract has a US$50 million minimum commitment and up to US$80 million in potential revenue.
Geiger Pump & Equipment Company, a Mid-Atlantic and New England pump distributor, announced it is joining forces with Midwest distributor Crane Engineering in a combination covering pumps, valves and process lines. The announcement is dated March 15, 2024.
Quebec company Soleno is constructing its first plant outside Canada in Saratoga, New York, with a $22 million investment to make large-diameter HDPE pipes, expected to open at the end of the third quarter of 2024.
Dynamic Fluid Components, a fluid power distributor, plans a $4.8 million expansion including a 25,000-square-foot distribution facility at 181 Misty Drive in West Union, creating ten jobs, with operations due in Q2 2025.
Thermal management firm Modine will invest $18.1 million to expand its Rockbridge County, Virginia operation, adding 211 jobs to increase production of data center cooling equipment.
Crane Engineering, a portfolio company of AEA Investors, has acquired Geiger Pump and Equipment, a Mid-Atlantic distributor of industrial and municipal pump and process equipment. Crane is headquartered in Kimberly, Wisconsin.
Havis, a provider of rugged environment solutions, has acquired Vanner, a power management solutions company based in Warminster, Pennsylvania. The deal aims to expand Vanner's sales reach and accelerate vehicle electrification products.
H&T Recharge will supply lithium-ion battery cans to Panasonic Energy's Kansas facility, with an anticipated annual capacity of about 30 GWh, extending an existing supply relationship with the Nevada plant. The Kansas facility is scheduled to begin operations by March 2025.
American Event Services closed its acquisition of Riverview, Florida-based Canariis Corporation, a maker of packaged HVAC, plumbing and fire-protection systems. Canariis becomes a wholly owned subsidiary of AES.
Atlas Copco Group acquired Zahroof Valves Inc., a Houston-based designer and assembler of reciprocating compression valve technology with 44 employees and about 130 MSEK revenue in 2023. The purchase price was not disclosed.
Oaktree Capital Management funds agreed to acquire LPW Group Holdings, a designer and manufacturer of valves, actuators, fittings and flanges for chemical and energy markets. Terms were not disclosed.
Italian paper specialist Fedrigoni purchased selected assets of US specialty papers supplier Mohawk Fine Papers to strengthen its North American presence. The deal follows a partnership the two companies signed in September 2022.
Taco Hydroflo Pump Solutions opened a manufacturing facility in Lubbock, Texas, adding 38 jobs and $1,875,000 of capital investment, with expanded pump test pit improvements.
Schaeffler is investing over $230 million in a greenfield manufacturing facility in Dover, Ohio, producing electric axles, with 650 jobs to be created in the state and construction starting mid-2024.
John Crane, a business of Smiths Group, won a contract to supply wet seals for almost a hundred pumps to an electric battery manufacturing facility in Tennessee, USA. The announcement was made on 27 February 2024.
John Crane, a business of Smiths Group, was selected to supply dry gas seals for three supercritical CO2 compressors at a large-scale blue hydrogen project in Texas, USA. The announcement was made on 27 February 2024.
Graphic Packaging agreed to sell its Augusta, US bleached paperboard manufacturing facility to Clearwater Paper for US$700 million, based on about US$100 million Adjusted EBITDA. The deal is subject to regulatory approvals and expected to close in Q2 2024.
Welch Packaging acquired Innovative Packaging Solutions, a corrugated manufacturer in York, PA, expanding its footprint into the Mid-Atlantic. Terms were not disclosed.
Jamestown Container Companies agreed to acquire the packaging business of Midwest Box Company in Cleveland, Ohio, effective February 19, 2024. Terms were not disclosed, and Midwest Box will operate as a division of Jamestown Container.
Craft Beverage Warehouse is installing a second multimillion-dollar German-made digital print-to-can line at Milwaukee's Century City Business Park, expected to start operating by end of May and create six to eight jobs.
Shell awarded TechnipFMC an integrated EPCI contract to manufacture and install 20K-psi high-pressure subsea production systems, umbilicals, risers and flowlines for the Sparta greenfield development in the Gulf of Mexico.
Henkel signed an agreement to acquire the U.S.-based Seal for Life Industries LLC from Arsenal Capital Partners.
Viega will build a new manufacturing facility in Mantua, Ohio, for its ProPress and MegaPress metal pipe fittings, an investment of about $200 million, with production scheduled for early 2025 and over 68 new jobs.
Core & Main entered into a definitive agreement to acquire Dana Kepner Company LLC and associated entities, announced 9 February 2024.
Simflo has named Troy Pickering as CEO, Woody Boyd as president and CFO, and Jay Tando as COO.
Simflo has opened a 35,000-square-foot engineered products facility in Lubbock, Texas, as announced on February 8, 2024.
Berry Global agreed to spin off and merge its Health, Hygiene and Specialties Global Nonwovens and Films business with Glatfelter in a Reverse Morris Trust deal valuing the combined company at $3.6 billion enterprise value. Berry shareholders will own 90% of the combined company and Berry will receive about $1 billion in cash.
Cooper Machinery Services, a portfolio company of Arcline Investment Management, announced on February 5, 2024 that it acquired Tucker Valve Seat Company, a Odessa, Texas maker of industrial alloy valve seats founded in 1957.
DXP Enterprises, Inc. completed the acquisition of Kappe Associates, Inc., a Frederick, Maryland distributor and manufacturers' representative of pumps, controls and process equipment for the water and wastewater industry. DXP funded the deal with balance sheet cash; the price was not disclosed.
Koerber has acquired a majority stake in Rondo-Pak LLC, a New Jersey printing and pharmaceutical packaging company it previously ran as a joint venture since 2015. The acquisition took effect on 1 February 2024 and Rondo-Pak will operate under the Koerber brand.
Honeywell announced an $84 million expansion of its Olathe, Kansas manufacturing facility, creating 156 permanent jobs plus 268 temporary construction jobs.
US thermal laminates distributor Nobelus acquired the film division of McKinleys Group, announced on 1 February 2024.
Mauser Packaging Solutions completed the acquisition of substantially all assets of Consolidated Container Company, a maker and reconditioner of industrial containers, on February 1, 2024, for $56 million in cash. The target has facilities in Minneapolis, Minnesota and Kansas City, Kansas.
Saica Group is reportedly planning a $130 million corrugated box facility in Anderson, Indiana, for which it has asked the Anderson Plan Commission to use 39 acres. The plant would initially employ 60 people and would be Saica's second US facility.
ITT Inc. signed a three-year agreement to supply API-610 centrifugal pump systems, aftermarket parts and engineered services to ExxonMobil, primarily in North America. The deal has a $50 million minimum commitment and up to $80 million potential value, the largest single contract ever for Goulds Pumps.
AeroStar is expanding its Brookley Aeroplex component facility in Mobile, Alabama, by purchasing Bauer Test Equipment's hydraulic system. A 55,000-square-foot building expansion is expected to be completed by early 2024.
A.Y. McDonald plans to expand operations at its existing manufacturing facility in Kieler, Wisconsin, as part of its wider Grant County project.
A.Y. McDonald plans a $340 million project in Grant County, Wisconsin, including a new brass foundry in Dickeyville, scheduled for production in 2026, and expansion at its Kieler plant. The project is expected to create 173 jobs over five years.
Welch Packaging Group plans to open a new production facility in Wooster, Ohio, creating 50 new jobs, after the Ohio Tax Credit Authority approved tax credit assistance for the project.
Control Devices, a portfolio company of HBM Holdings, has acquired Gilmore, which designs and manufactures severe service valves and pressure relief systems for the upstream oil and gas industry. Terms were not disclosed.
Novelis signed a contract to supply aluminum beverage packaging sheet to Ardagh Metal Packaging's metal production facilities in North America. It is the third major beverage packaging contract Novelis has signed in under seven months.
Belmark Inc. will locate a new 156,000-square-foot flexible packaging plant in Allen County, Kentucky, with a nearly $99 million investment creating 159 jobs. Construction is expected to begin in June 2025 and finish in 2026.