Medartis Holding AG completed the acquisition of Nextremity Solutions Inc. for up to $70 million, including milestone payments. The deal was announced on March 7, 2022.
Universal Stainless and Alloy Products Inc. plans to invest $15 million at its North Jackson facility to add two new vacuum arc re-melt furnaces and expand the mill by about 15,000 square feet, with first melts expected in Q1 2023.
Ecoat, a producer of bio-based binders, and EMCO Chemical Distributors signed an exclusive agreement for distribution of Ecoat's product line throughout the United States Midwest region, starting in April 2022.
The Department of Defense's Southwest Regional Maintenance Center awarded a sole-source purchase order to Metrex Valve Corp. for a 4-inch 3-way electric actuated mixing valve for the AC plant on USS Montgomery (LCS-8). The contract value is $43,710.
Tigard-based NSI, a supplier of gas and chemical delivery systems to semiconductor makers, is moving from 15,000 sq ft of buildings to a newly built 62,000 sq ft plant in Sherwood, Oregon, in 2022, described as a multiple-million-dollar investment.
DXP Enterprises completed its acquisition of Cisco Air Systems, a distributor of air compressors and related products. Financial terms were not disclosed.
Christopher Naidoo, founder of Sigma Holdings Group, acquired all of Adam Electronics, an electronic manufacturing company in Madison Heights, Michigan. The binding agreement closed on May 2, 2022.
Premix Inc. was awarded a $79,869,431 firm-fixed-price contract to increase production capacity of plastic resin material for pipette tips, enabling production of over 200 million COVID-19 PCR tests per month by September 2025. Work will be performed in Gastonia, North Carolina, and is expected to be completed by October 31, 2025.
DARPA awarded Modular Bionics Inc. additional contract items worth up to $1.1 million to advance development of the Clinical Link Interface for Neural Communication (C-LINC), a wireless clinical platform.
Great Lakes Dredge & Dock, in consortium with Van Oord, was awarded a subsea rock installation contract by Empire Offshore Wind for the Empire Wind I and II offshore wind farms off the East Coast of the U.S. Work is expected to start in the mid-2020s.
TDI Refrigeration acquired Spears Refrigeration, an HVAC contractor in Arlington, Texas. The transaction closed on May 2, 2022.
AGCO, a manufacturer of agricultural machinery, acquired JCA Technologies, a developer of autonomous software for agricultural machines. The acquisition was announced on May 2, 2022.
Novelis has broken ground on a $365 million advanced recycling center in Guthrie, Kentucky, adjacent to its existing automotive finishing plant. The facility will have an annual casting capacity of 240 kt of sheet ingot and create approximately 140 new jobs.
Fidelity Building Services Group has added H.E. Neumann Company, a full-service mechanical contracting firm serving West Virginia, Ohio, and Pennsylvania, to its portfolio of companies in the technical building services space.
Textron Aviation has acquired Mistequay Group, a Saginaw, Michigan-based supplier of ball screw assemblies, gear systems, and actuator components for aerospace and defense OEMs. Mistequay will be renamed AeroMotion by Textron Aviation.
PTG Holroyd has received an order for a 17th EX Series rotor milling machine from a leading air compressor machinery specialist. The machine will be installed at one of the customer's North American manufacturing facilities.
RISE Robotics was awarded a $1.7 million Tactical Funding Increase by AFVentures to modernize the Air Force's MHU-083 Jammer ground support equipment for aircraft munitions handling.
Advanced Drainage Systems has acquired Cultec, a family-owned technology leader in stormwater and on-site septic wastewater products. Cultec designs and sells plastic chambers and related products.
Wieland has acquired Totall Metal Recycling, a recycling industry leader in Granite City, Illinois, that processes approximately 100,000 tons of scrap per year including copper and electronic scrap. The acquisition expands Wieland's recycling capabilities in North America.
Florachem is completing construction of a new state-of-the-art, food-grade manufacturing facility in Jacksonville, Florida, to expand capacity for natural citrus ingredients.
Funds advised by SK Capital Partners have acquired Florachem Holdings, a manufacturer of natural plant-based ingredients including citrus, pine, and specialty rosin resins. Florachem is also completing a new food-grade manufacturing facility.
NETZSCH Pumps North America opened a new Houston facility to assemble and test its positive displacement pumps and downhole pumps and grinders for regional oil and gas and water treatment customers. A ribbon-cutting ceremony was scheduled for May 4, 2022.
OTC Industrial Technologies has acquired ePUMPS, a pump, mechanical seal, vacuum system and compressor provider headquartered in Tulsa, Oklahoma, with 28 employees and three locations. ePUMPS joins OTC's Pump Motor Technology Group.
Logan Aluminum Inc. plans a $249.8 million expansion at its factory in Logan County, Kentucky, adding production capacity for its beverage can and automotive businesses. The project is expected to create at least 65 full-time jobs.
Jubilant HollisterStier LLC entered a $149.6 million cooperative agreement with the US government to double injectable filling production capacity at its Spokane, Washington facility, to be completed by 2025.
CSX and Shell Polymers opened a new storage-in-transit yard in McKees Rocks, Pennsylvania, repurposed from an existing CSX facility. The yard is owned and operated by Shell Polymers to store rail cars and transload plastics.
Texas Instruments broke ground on four new 300-mm semiconductor wafer fabrication plants in Sherman, Texas, with a potential investment of $30 billion. The project could create up to 3,000 jobs, with first production expected in 2025.
Kari-Out announced earlier in May 2022 the acquisition of Paper Bags USA, based in New Brunswick, NJ.
Saint-Gobain's ADFORS brand is investing $28 million in a fiberglass plant in Dublin, Georgia, creating 400 new positions. The plant produces heat-protection and thermal insulation materials for automotive, ship-building and power-generation sectors.
Novelis announced a $2.5 billion investment to build a new low-carbon recycling and rolling plant in Bay Minette, Alabama, USA. The facility will have an initial capacity of 600 kilotonnes of finished aluminum goods per year, serving the beverage can and automotive markets.
GlobalFoundries won a $117 million contract from the U.S. Department of Defense to supply 45 nm SOI semiconductors for national security systems, manufactured at Fab 8 in Malta, New York. First chip deliveries are expected in 2023.
Crete Mechanical Group has acquired a majority stake in Pro Tech Mechanical Inc., a Texas-based MEP contractor specializing in HVAC and building controls.
Kitamura Machinery has awarded Great Lakes Machinery exclusive rights to represent its products in Upstate New York.
Sibanye-Stillwater is investing $17 million in Newtrax's OptiMine collision avoidance system for mine-wide implementation at its US PGM operations in Montana.
Eyelit, a leader in MES and factory automation solutions, acquired MESTEC, a UK-based SaaS vendor of multi-tenant cloud-based MES/MOM solutions. The acquisition aims to expand Eyelit's offerings in discrete manufacturing, with investments in development and sales for CPG, medical devices, and aerospace & defense.
Hudsonville Creamery and Ice Cream Company plans a multi-phase expansion at its Holland, Michigan facility with a total investment of $65.7 million, supported by the Michigan Strategic Fund.
Coastal Container Corporation plans to expand its existing Holland, Michigan facility by adding 65,000 square feet of manufacturing space and an on-site corrugator, creating 62 manufacturing jobs with $22 million in private investment. The project received support from the Michigan Strategic Fund.
Utz Brands announced it purchased a new manufacturing facility in Kings Mountain, North Carolina. The announcement was made on April 30, 2022.
Boeing unveiled the first T-7A Red Hawk advanced trainer test aircraft, which rolled off the production line in St. Louis, Missouri. Saab's West Lafayette facility manufactures the aft fuselages and sub-systems for the jet, which is part of a $9.2 billion USAF contract for 351 aircraft.
Burlington Apparel Fabrics was awarded a maximum $10,742,000 firm-fixed-price, indefinite-delivery/indefinite-quantity contract by the Defense Logistics Agency for poly/wool cloth, with performance in North Carolina and an ordering period ending April 28, 2023.
KPS Capital Partners acquired the porcelain enamel, glass coatings and forehearth colorants businesses of Prince International Corporation, which operate as PEMCO International.
Jiuan Medical (002432.SZ) disclosed that the US ACC has cumulatively paid $1.756 billion to its US subsidiary for COVID-19 test kit supply. The contract is still being performed.
Two top executives of United Co. Rusal International PJSC agreed to buy out the U.S. unit Rusal America and rename it PerenniAL. The new company will continue selling Rusal's metal and also offer aluminum from other sources.
Air Transport Components (ATC) announced plans to establish a new MRO facility in Tulsa, Oklahoma. The company will invest approximately $5 million and employ 50 people at the 60,000-square-foot site.
KION North America has opened an Aftermarket Distribution and Training Center in Summerville, South Carolina, tripling warehouse space for spare parts. The facility stocks 30,000 SKUs and supports dealer technicians and sales representatives.
Smith-Midland Corporation has been awarded a $2 million contract to supply nearly 1,000 precast soundwall panels for the Hampton Roads Bridge Tunnel Project in Hampton, Virginia. Delivery of the panels will begin in summer 2022.
Smith-Midland Corporation has been awarded a $2 million contract to supply nearly 1,000 precast soundwall panels for the Hampton Roads Bridge Tunnel Project in Hampton, Virginia. Delivery will begin in summer 2022.
Steel Technologies LLC is expanding its Decatur, Alabama plant with a $19.34 million blanking press project, adding 50 new jobs within three years. The new press will cut rectangular or circular blanks, a new process for the location.
Summit Polymers Inc. will construct a $37.5 million manufacturing facility in Lawrenceburg, Kentucky, creating 218 jobs. The 140,000-square-foot plant will perform plastic injection molding, paint applications and assembly for automotive manufacturers.
Air Industries Machining Corp., a subsidiary of Air Industries Group, was awarded two Long-Term Agreements to manufacture flight-critical assemblies for the Blackhawk helicopter, valued at approximately $8.3 million over five years.