Hitachi Energy announced plans to invest more than $10 million to expand and modernize its distribution transformer facility in Jefferson City, Missouri, adding a new production line for larger distribution transformers to meet demand from utilities, data centers, and renewable energy.
Stellantis N.V. and Samsung SDI signed definitive agreements to establish a joint venture electric-vehicle battery manufacturing facility in Kokomo, Indiana. The plant will invest over $2.5 billion, create 1,400 jobs, and have an initial annual capacity of 23 GWh, targeted to start production in Q1 2025.
Novair, a French in-house gas systems manufacturer, acquired America Energy Inc., a Florida-based maker of air compressors and medical gas systems, effective May 20, 2022. Terms were not disclosed.
ProAmpac acquired Specialty Packaging, a Fort Worth, Texas maker of stock and custom bags, wraps and liners. Terms of the transaction were not disclosed.
Holcim, a Switzerland-based global construction company, acquired Cajun Ready Mix Concrete, the largest ready mix producer in Louisiana. Cajun was founded in 2014 and serves residential, commercial, and industrial partners.
Sypris Electronics received a multimillion-dollar contract from a U.S. defense contractor to manufacture advanced integrated electronic warfare and communications avionics system modules for a stealth combat aircraft program. Production is expected to begin in 2022.
Arkema, through its subsidiary Bostik, finalized the acquisition of Ashland's performance adhesives business for $1.65 billion, strengthening its presence in the US and specialty materials portfolio.
Walmart and Symbotic LLC announced an expanded commercial agreement to deploy Symbotic's robotics and software automation platform in all 42 of Walmart's regional distribution centers over the coming years, expanding from a prior commitment of 25 centers.
Walmart and Symbotic announced an expanded commercial agreement to implement Symbotic's robotics and software automation platform in all 42 of Walmart's regional distribution centers, expanding from a prior commitment of 25 centers.
Kaman Corporation signed a definitive agreement to acquire Parker-Hannifin's Aircraft Wheel & Brake division for $440 million, subject to working capital adjustment and regulatory approvals. The division operates from one facility in Avon, Ohio.
Kelso & Co, a private equity firm, completed the acquisition of a majority stake in Inovar Packaging Group from AEA Investors. Inovar makes pressure-sensitive labels, shrink sleeves and flexible packaging. Financial terms were not disclosed.
Welspun Corp Ltd received the single largest order in its history, valued at over INR 5,000 crore, to supply 325,000 metric tons of large-diameter coated pipes for transporting natural gas from the Permian Basin to Houston, USA.
TYM Group plans to invest over $20 million in manufacturing facilities in Rome, Georgia, USA, including a 142,500 sq ft factory and expanded parts center, to increase annual tractor production from 30,000 to 50,000 units. Construction starts May 2022 with completion by June 2023, creating over 150 jobs.
Ocean Renewable Power Company (ORPC) selected Millinocket Fabrication & Machine to manufacture turbine shafts for its tidal power systems, including the Modular RivGen, commercial RivGen, and TidGen-80 devices.
The U.S. Air Force awarded Optomec a $1.5 million contract to develop a metal additive manufacturing system and process for repairing oversized titanium components, specifically integrally bladed rotors (blisks) used in F22 and F35 aircraft engines.
Hyundai Motor Group will invest $5.54 billion to open its first fully dedicated electric vehicle and battery manufacturing facility at the Bryan County Megasite in Georgia. The project, with an additional $1 billion from suppliers, is expected to create approximately 8,100 jobs.
South Korean agricultural machinery manufacturer TYM will build a tractor plant in Rome, Georgia at a cost of $20 million. The 13,223-square-meter facility will include component manufacturing and a training center, targeting completion in June 2023, and will help increase annual tractor production capacity to 50,000 units.
Bleistahl North America LP will expand its Battle Creek, Michigan facility by adding equipment and a fourth shift, with an $8.7 million capital investment creating 69 jobs. The project was supported by a $414,000 state grant.
Welspun Corp received an order worth more than ₹5,000 crore to supply 325,000 MT of large-diameter coated pipes for natural gas transport from the Permian Basin to Houston. The pipes will be made at its Little Rock plant, with execution over 12 months from the second half of FY23.
Sika Corp. acquired United Gilsonite Laboratories (UGL), a 90-year-old waterproofing coatings manufacturer based in Dunmore, Pennsylvania, for an undisclosed amount. UGL had sales of about $66.5 million in 2021 and employs 150 people across three plants.
Milwaukee Tool held a groundbreaking ceremony for a new 563,000-square-foot production facility in Grenada, Mississippi. The plant will produce over 100 million SAWZALL blades annually and create over 800 jobs, with opening expected in 2023.
Petoskey Plastics, a Michigan-based recycler and plastics manufacturer, plans to invest $30 million in a new manufacturing facility in McKinney, Texas. The 53,000-square-foot building will be expanded to 130,000 square feet within five years, increasing output by about 15%.
Granite has secured a $10 million contract from Caltrans for Segment Five of the I-40 Median Fill project in San Bernardino County, California. The project is expected to begin in August 2022 and be completed by August 2023.
Kitchen Brains, a designer and manufacturer of smart cooking computers and controls for commercial foodservice, has been acquired by private equity firm Source Capital. Terms were not disclosed.
BBB Industries, a sustainable manufacturer of automotive parts, has entered into a definitive agreement to be acquired by Clearlake Capital Group, with continued investment by Genstar Capital and management. Financial terms were not disclosed.
Milliken & Company will begin production at its new clarifier plant in Blacksburg, S.C., increasing capacity of Millad NX 8000 polypropylene clarifier by more than 50 percent. The plant is being commissioned and production is expected to start in fall 2022.
Gradiant, a cleantech water solutions provider, acquired Canadian AI water technology company Synauta to accelerate digital twin technology in water and wastewater treatment.
CGG announced that its Sensing & Monitoring division, Sercel, has acquired Geocomp Corporation, a specialist in geotechnical risk management and infrastructure monitoring based in Acton, Massachusetts. The acquisition gives Sercel access to the U.S. infrastructure market.
Sandvik Materials Technology acquired the remaining 30% stake in Pennsylvania Extruded Tube Company (PEXCO) from Nippon Steel Extruded Tube, taking full ownership of the Clarks Summit, Pennsylvania extruded steel tube plant.
Medegen Medical Products, an Inteplast Group company, was awarded a sole Premier AscenDrive agreement for patient bedside plastic products, effective July 1, 2022. Many products are made at its Tennessee plant.
ATC Drivetrain announced the acquisition of Global Battery Solutions (GBS), a Holland, Michigan-based company providing battery life-cycle management and EV component services, operating out of a 50,000 sq ft facility.
HFT has been contracted by Owens Corning to upgrade its fiberglass production plant in Nephi, Utah, including equipment integration and structural enhancements to expand production capabilities for building insulation, with work to be completed in the first half of 2023.
TotalEnergies signed a commercial agreement with New Hope Energy for New Hope Energy to build an advanced recycling plant in Texas and supply recycled feedstock to TotalEnergies, which will convert it into virgin-quality polymers. The plant is expected to start production in 2025.
Consolidated Water's subsidiary PERC entered an agreement to construct and commission a 4 million gallon per day wastewater treatment facility for Liberty in Goodyear, Arizona. The construction fee is approximately $82 million, with completion in about 26 months.
ENTRUST Solutions Group announced its acquisition of Kestrel Power Engineering in February 2020. Kestrel provides consulting and testing services for power generation facilities.
Black Bay Energy Capital acquired a majority interest in Advanced Industrial Devices, a provider of electric motor automation and control solutions, from Rock Island Capital. AID will remain headquartered in Tulsa, Oklahoma.
Neosem signed a contract to supply semiconductor inspection equipment worth 4.6 billion KRW to its subsidiary, with the contract period from May 18 to December 31, 2022, for sales in the United States.
Kari-Out announced it is investing over $2 million to add new machines at its Totowa, NJ facility to increase portion control packaging capacity by an estimated 15%. The company also invested to expand manufacturing capabilities at its SQP facility in New York to double paper container capacity.
Knight Material Technologies (KMT) acquired Electro Chemical Engineering and Manufacturing Co. (EC), a leader in fluoropolymer-lined vessels. The acquisition will expand KMT's product offering and market reach, including the U.S. Gulf Coast.
Schweitzer-Mauduit International (SWM) and Neenah announced the future executive leadership team and operating structure for the combined company, effective upon completing their pending merger. Julie Schertell will be President and CEO.
TotalEnergies and New Hope Energy agreed that New Hope will build an advanced recycling plant in Texas processing over 310,000 tons per year of mixed plastic waste, with TotalEnergies buying 100,000 tons of recycled feedstock for polymer production. Production is expected to start in 2025.
Hiru Corporation agreed a long-term co-packing arrangement to supply white label water bottling for American Eagle Beverage of Scottsdale, Arizona, expected to add $1.5 million to $2.5 million in annual revenue.
Flotek Industries closed a transaction with ProFrac Holdings to expand a long-term supply agreement, extending the term to ten years and increasing the minimum chemical product supply to the greater of 70% of ProFrac's requirements or chemicals for 30 hydraulic fracturing fleets.
Saint-Gobain's CertainTeed brand of building materials will add 65,000 square feet to its facility in Peachtree City, Georgia, on a $100 million investment.
Shinhwa Auto USA Corp. is expanding its presence in Auburn, Alabama, by adding a second auto parts manufacturing facility as part of a $78 million project that will create 42 jobs over three years. The new 400,000-square-foot factory will expand output of aluminum parts for electric and combustion engine vehicles.
StandardAero signed an agreement to acquire EB Airfoils, a fan blade, compressor blade and vane MRO provider for the aero-engine market. EB Airfoils operates from two facilities in Palm City, Florida, with nearly 20,000 square feet of operations and approximately 50 employees.
Thunderbird LLC acquired MPR Plastics Inc., a precision injection-molding company located in Elgin, Illinois. The acquisition includes a 38,000 square foot facility with 23 injection molding machines and 80 employees, expanding Thunderbird's injection-molding support for medical, defense, aerospace, transportation, and high-tech OEMs.
Micross Components acquired PAAL Technologies, a provider of MIL-STD-1553 Data Bus Couplers, Harnesses and RF/Wideband Transformers for defense, aerospace, and space markets. PAAL's products are designed and manufactured in the U.S.
Orchid Orthopedic Solutions signed a definitive agreement with GE Additive to purchase EBM Spectra L systems, service agreements, metal powders, and consultancy services to scale additive manufacturing for large joint orthopedic implants. Installation of the first machines will begin in 2022, with production expected in 2024.
MannKind Corporation has agreed to acquire the V-Go wearable insulin delivery device from Zealand Pharma for $10 million plus sales-based milestones and inventory costs, expanding its diabetes portfolio.