Envista Holdings Corporation has entered into a definitive agreement to acquire Osteogenics Biomedical Inc, Allotech LLC and OBI Biologics, Inc. The transaction is expected to close in the third quarter of 2022.
Marotta Controls opened a 50,000 sq ft Parsippany, New Jersey office and development lab, moving executive and business functions there while keeping production in Montville.
Emerson combined its industrial software businesses (OSI Inc. and Geological Simulation Software business) with AspenTech, closing the transaction on May 16, 2022. Emerson owns 55% of the new AspenTech.
PartsBadger, a CNC machining company, entered a five-year, up to $13.8 million contract with Yeti Cycles to produce bike parts like bolts and axels. The contract will create 12 new jobs in Cedarburg, Wisconsin.
HarbisonWalker International is investing $25 million to convert a closed property in Fairfield, Alabama, into a manufacturing, service, and distribution hub for steel customers, with initial capacity of 15,000 metric tons annually, opening before end of 2022.
Thales won a ten-year contract to deliver advanced tactical radios to the U.S. Army as one of two vendors in a deal valued at $6 billion overall.
GE Appliances officially opened a new $70 million water heating plant in Camden, South Carolina, featuring advanced systems and robotics for metal fabrication, welding, and enameling. The plant is vertically integrated and produces gas water heaters for professional contractors.
Greenland Technologies selected Baltimore County, Maryland for a 54,000 square-foot manufacturing facility at 5301 Nottingham Drive, White Marsh, to produce electric industrial vehicles, expected to open in July 2022 and create new full-time jobs.
Rockwell Automation is increasing capital spending to expand manufacturing capacity by adding employees and equipment, aiming to resolve a large order backlog caused by supply-chain issues.
AZZ Inc. completed its acquisition of Precoat Metals, a metal coil coating solutions provider, from Sequa Corporation. Precoat has 13 manufacturing facilities and approximately 1,100 employees.
Nucor Corporation agreed to acquire C.H.I. Overhead Doors, a manufacturer of overhead doors, from KKR for $3.0 billion. The deal is expected to close in June 2022.
Three chemical companies—Rusmar, NCM Odor Control and Crowley Chemical—merged to create a new environmental solutions provider, Atmos Technologies, headquartered in Newtown Square, Pennsylvania.
Italian pump maker Pedrollo Group has acquired a majority share of Superior Pump, the US water pump brand of Michel Sales Company in Saint Paul, Minnesota, to expand its North American presence.
Cabka N.V. entered a long-term supply agreement with US retailer Target for reusable large foldable plastic containers for its nearly 2,000 US stores. The initial order represents about EUR 13 million in 2022 revenue.
Hubbell Incorporated acquired Meramec Instrument Transformer Co., a manufacturer of instrument current transformers for the electric power industry, in November 2017. Terms were not disclosed.
Lockheed Martin Aeronautics received a $397.7 million contract modification to procure initial spares for F-35 Lightning II Lot 16 deliveries and global spares pool, with work in Fort Worth, Texas, expected to complete in December 2024.
Jamestown Coating Technologies will acquire Yenkin-Majestic's industrial paint business, which produces coatings for the OEM market under the YM-Industrial brand.
Carnegie Fabrics, a manufacturer of sustainable textiles and space management solutions, has acquired Kirei, a San Diego-based provider of acoustic design solutions. Both companies will continue to operate from their respective headquarters.
JERA, through its subsidiary JERA Americas, has agreed to acquire a 100% interest in the Canal Thermal Power Station in Massachusetts and the Bucksport Thermal Power Station in Maine, with a total capacity of approximately 1.63 GW, from an affiliate of Stonepeak.
North Star BlueScope Steel marked the completion of a $700 million facility expansion at its Delta, Ohio plant, increasing annual hot rolled coil production by 850,000 metric tonnes and creating over 100 new jobs.
Marshall Excelsior Company, a Harbour Group company, acquired Specialty Valve Group, LLC, a Houston-based exclusive U.S. distributor of Xanik specialty valves, announced 13 May 2022. Terms were not disclosed.
Johnson County Council approved two tax abatements for a $15 million expansion of Sonoco Flexible Packaging's facility north of Edinburgh, Indiana. The announcement is dated 13 May 2022.
Milwaukee Tool will invest $206 million and create 1,000 new jobs in Wisconsin, supported by up to $22.5 million in additional performance-based tax credits from the state. The investment will expand existing R&D facilities, infrastructure, and equipment at nine locations.
Hobas Pipe USA announced a $60 million, five-year capital investment program to expand its Houston-based manufacturing facility for corrosion-resistant fiberglass pipe products. The program includes equipment for non-circular fiberglass shapes and has already deployed 60% of the capital.
Teijin Automotive Technologies broke ground on a 164,400 sq ft facility in Huntington, Indiana, adding a topcoat line and assembly area. The $100M+ investment will create about 110 jobs initially, with operations starting April 2024.
LG Chem broke ground on two new buildings in Ravenna, Ohio: a 148,400-square-foot ABS compounding plant and a 60,350-square-foot ABS Technical Center. The facilities will produce ABS plastic for the automotive industry and employ over 100 people, with operations expected by the end of 2023.
Teijin Automotive Technologies broke ground on a new $110 million facility in Huntington, Indiana's Riverfork West Industrial Park, on a 30-acre parcel.
Solvay began expanding its Marietta, Ohio plant to increase polysulfone capacity by over 25% in 2024, with new hiring already underway.
Huhtamaki North America plans to expand its Hammond, Indiana facility with nearly $100 million of capital investment to add molded fiber capacity. The project adds about 250,000 square feet and about 100 jobs, with construction starting in summer 2022.
Lordstown Motors and Foxconn entered into a joint venture agreement, MIH EV Design LLC, with a $100 million investment to develop electric vehicles for the global market. Foxconn also invested $100 million in the joint venture.
Lordstown Motors closed the sale of its Lordstown, Ohio vehicle assembly plant to Foxconn for $230 million, plus reimbursement of approximately $27 million in operating and expansion costs. The deal includes a contract manufacturing agreement for the Endurance electric pickup truck.
Formosa Plastics announced it will build a new manufacturing site in Texas at a cost of US$207 million. The plant will have an annual capacity of 100,000 tonnes of alpha olefins, with completion expected in October 2025 and mass production in December 2025.
BAE Systems opened a new 200,000-square-foot engineering and production facility in Manchester, New Hampshire, for electronic warfare systems. The facility includes engineering design space, laboratories, and office space.
Seal Bond received a 12-year tax abatement from the City of Norton Shores for a new 200,000 square foot production facility. The company expects to begin operations in summer 2022 and will hire an additional 20 employees over two years.
Crane 1 Services purchased the assets of Hoist & Crane Systems, an overhead crane service and equipment provider headquartered in the greater Charlotte market. The acquisition expands Crane 1's geographic service footprint.
Kiewit Shea Traylor (KST), a joint venture of Kiewit, Shea, and Traylor Bros., secured a $235 million contract from the Santa Clara Valley Transportation Authority for the BART Silicon Valley Phase II project.
ProSomnus, a sleep apnea device manufacturer, signed a definitive agreement to be acquired by Lakeshore Acquisition I Corp for $125 million, with a combined value of $168 million. The deal includes $30 million in convertible notes and a potential $10 million PIPE.
Datar Cancer Genetics announced a $250 million, 5-year exclusive agreement with Artemis DNA to provide Datar's cancer detection liquid biopsies in the USA and Vietnam markets. Artemis DNA will also provide testing facilities in Texas and California.
Smart Care, a portfolio company of Wind Point Partners, acquired Almcoe Refrigeration Company, a Dallas-based refrigeration services provider. The deal expands Smart Care's presence in Texas and adds commercial and industrial refrigeration capabilities.
Portobello Group, a Brazilian producer of porcelain and ceramic tile, has begun construction of an 895,000-square-foot factory in Baxter, Tennessee. The investment exceeds $160 million and is expected to create 220 jobs, with completion projected by the end of 2022.
Adept Fasteners, a distributor of aerospace fasteners, has acquired Innovative Tooling Services, a provider of tools and tool repair for the aerospace industry.
Bobcat Company announced plans for a new 225,000 sq ft assembly plant in Rogers, Minnesota, adding over 100 new full-time jobs. The facility is expected to be fully operational by Q4 2022.
Augury, an IoT and industrial AI solutions provider, signed a definitive agreement to acquire Seebo, a leader in AI-based process intelligence, for a combination of cash and stock valued between $100 million and $200 million.
Universal Stainless is investing $15 million to expand its specialty-steel plant in North Jackson, Ohio, adding 13,000 square feet and two new vacuum arc re-melt furnaces. Construction has started and the project is expected to be completed by Q2 2023.
Allied Motion Technologies Inc. reached a merger agreement with ThinGap, a developer of slotless motors for aerospace, defense, and medical applications. ThinGap is based in Camarillo, California.
Hastreiter LLC acquired Stainless and Repair Inc., which builds heavy trucks, fire trucks, and repairs milk tankers. The company will operate as S&R Truck LLC, a sister company to Hastreiter Industries Corp.
Smith-Midland Corporation's Reidsville plant signed a $6.6 million contract with the North Carolina Department of Transportation to produce precast concrete soundwall and J-J Hooks barrier for the I-74 Northern Beltway project in Forsyth County, NC.
CECO Environmental Corp. acquired Compass Water Solutions, Inc., a supplier of membrane-based industrial water and wastewater treatment systems, for a total purchase price of $12.5 million. Approximately 70% was paid at closing with the balance over two years. Compass generated about $11 million in revenue in 2021.
Brook + Whittle has acquired Diamond Flexible Packaging, a family-owned flexible packaging and converting company in Northbrook, Illinois, adding five pouch lines and bag-making capabilities.
Korean piping manufacturer COSMOIND Co. will invest more than $12.8 million to build its first North American campus, a 128,000 sq ft facility in Middlesex, Nash County, North Carolina, creating 168 jobs. The announcement was made May 10, 2022.