20/20 Custom Molded Plastics, an Inteplast Group affiliate, acquired the assets of Vantage Products Corporation in Covington, GA. The company will invest $7 million and expects to create 100 jobs over two years.
BOS Automotive Products Inc. plans to invest $1.1 million to support a contract with Rivian to manufacture a retractable metal tonneau cover for the R1T electric truck.
The US Federal Trade Commission cleared Prince International Corp's merger with Ferro Corp, valued at $2.1 billion, on condition that Prince sells three facilities. EU antitrust regulators had cleared the deal in January 2022.
Aerostar Manufacturing expanded its operations in Romulus, Michigan, with an $8.6 million investment supported by a $200,000 Michigan Business Development Program grant. The expansion created 62 new high-paying jobs for automotive and heavy machinery parts manufacturing.
Progeny Systems selected Curtiss-Wright to provide MOSA-based digital signal processor modules and rugged single board computers for the US Navy's MK54 and MK48 torpedo upgrade programme. The lifetime contract value is approximately $70 million.
Uniquetex will add two spunmelt nonwoven lines at its site in Grover, NC, with a total investment of $31.6 million. The first line (3.2-meter, 8,000 tons capacity) will start up in about three months, and the second line (4.2-meter, 15,000 tons capacity) in about six months, bringing total site capacity to 38,000 tons.
Private investment firm Ripple Industries LLC has completed the acquisition of Schumacher Electric Corporation, a global leader in power conversion products, from Lincolnshire Management, Inc. Financial terms were not disclosed.
R&M Materials Handling Inc. and distributor Hoj Innovations installed three 5-ton capacity overhead cranes at a JR Automation/Setpoint facility in Ogden, Utah, as part of an expansion project.
Element Materials Technology acquired Clinimark, a clinical FDA validation testing firm for medical devices and wearables based in Louisville, Colorado. Financial terms were not disclosed.
BOS Automotive Products, a division of Baumeister & Ostler GmbH, is expanding its Rochester Hills, Michigan facility to produce fully retractable electric protective cargo covers for Rivian R1T trucks. The project involves a $1.1 million capital investment and is expected to create 50 jobs.
Cardiovascular Systems Inc. (CSI) has partnered with Innova Vascular Inc. to develop and commercialize a full line of thrombectomy devices for treating peripheral vascular disease, deep vein thrombosis and pulmonary embolism. CSI intends to acquire and commercialize the devices pending regulatory clearance.
Hydro broke ground on a new state-of-the-art aluminum recycling plant in Cassopolis, Michigan. The plant will produce 120,000 metric tonnes of aluminum extrusion ingot per year, create 70 jobs, and involve an investment of approximately USD 150 million.
Rivian Automotive Inc. awarded FOM Technologies a contract for the purchase of slot-die coating equipment, initially involving the sale of one machine.
Lockheed Martin announced the grand opening of a new facility that expands its Johnstown, Pennsylvania operations, expecting to hire more than 80 mechanics and technicians in the next year to support F-16 component production.
MP Materials has started construction on a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas, as part of a $700 million investment to restore the U.S. rare earth magnetics supply chain. The facility will create 150 direct jobs and 1,300 indirect jobs.
Fluid blending equipment maker Fusion Fluid Equipment plans a $6.1 million, 42,000 sq ft expansion of its Whitehall, Michigan production facility, creating 35 jobs over three years.
East Jordan Plastics, a horticultural container maker, will invest over $44 million in a new 255,500 sq ft facility in Lyons, Toombs County, Georgia, creating 80 jobs.
Toyota announced on April 20, 2022, a $109 million investment in its cylinder-head plant in Troy, Missouri. The funds will be used for new equipment to build four-cylinder engine heads on three production lines, with completion expected by fall 2023. The plant will hire about 40 new workers.
The Boring Company raised $675 million in a Series C funding round led by Vy Capital and Sequoia Capital, valuing the company at $5.675 billion, to scale boring machine production and build tunnels.
Kingspan Insulation LLC will invest $27 million to expand its operation in Frederick County, Virginia, adding a new manufacturing facility for OPTIM-R vacuum insulated panels and creating 37 jobs.
PLW Waterworks, a division of Webber, was awarded three waterworks contracts in Texas totaling $279 million: a $175.2M water treatment plant in Georgetown, a $52.8M upgrade in San Angelo, and a $51.1M wastewater plant in Laredo.
Kari-Out Co. announced a $10 million investment to expand its specialty quality packaging facility in New York, adding 340,000 square feet and doubling capacity for paper containers.
Legacy Metals LLC will invest $1.2 million to expand its facility in Hopkinsville, Kentucky, adding 24,000 square feet and creating 100 jobs.
Navistar announced plans to build an integrated powertrain at its Huntsville Powertrain Manufacturing Plant in Alabama, with a total capital investment of over $190 million including a 110,000 sq. ft. expansion.
Curtiss-Wright was selected by Progeny to provide MOSA computers and digital processing modules for the U.S. Navy's MK54 and MK48 torpedo upgrade programs, with a contract estimated lifetime value of $70 million.
The US Department of Justice proposed a federal court order requiring Hindalco-owned Novelis to divest all stakes in Aleris' North American aluminum automotive body sheet operations due to antitrust concerns, following an arbitration ruling in favor of the US.
Li-Cycle selected Veolia Water Technologies to provide HPD crystallization technology for its lithium-ion battery recycling facility in Rochester, New York. The plant will produce nickel and cobalt sulfate when operational in 2023.
The South County Regional Wastewater Authority (SCRWA) is expanding its wastewater treatment plant near Gilroy, California, with a new membrane bioreactor facility designed by Stantec. The $62 million project will add 2.5 MGD capacity and is expected to be complete in 2024.
Avient Corporation entered into an agreement to purchase the DSM Protective Materials business (including the Dyneema brand) from Royal DSM for $1.485 billion. The acquisition is expected to close in 2022.
NSI, a Tigard, Oregon supplier of gas and chemical equipment to semiconductor makers, is moving to a newly built 62,000 square foot plant in Sherwood, quadrupling its factory space this year.
The Jordan Company (TJC) announced a strategic investment in Communications & Power Industries (CPI), a manufacturer of electronic components and antenna systems. The deal value was not disclosed.
The manufacturer of YellaWood will spend $22.5 million to expand its Avoyelles Parish treatment facility, creating 58 jobs.
Lineage Logistics opened a new automated distribution center for Smithfield Foods in Olathe, Kansas. The $110 million facility will create 127 jobs.
MAT-KULING will deliver what it calls the world's largest protein skimmers to Atlantic Sapphire's Phase 2 expansion of the Miami Bluehouse land-based aquaculture complex in Florida.
Toyota will invest $383 million across four US manufacturing plants in Alabama, Kentucky, Missouri, and Tennessee to support production of four-cylinder engines, including options for hybrid electric vehicles.
Toyota announced a $222 million investment at its Huntsville, Alabama facility to create a new four-cylinder engine production line, including hybrid electric versions, and expand the plant by 114,000 square feet.
Shotwell Hydrogenics, a Texas-based specialty chemical manufacturer, has entered a five-year supply agreement for Production Enhancement chemicals with a major South American oilfield services company, marking its first entry into the South American market.
Lektron Inc. was awarded a $55,896,703 firm-fixed-price contract by the U.S. Army for Cooler Liquid Electron Tube modification kits hardware, with work to be completed by September 30, 2025.
Toray Advanced Composites, a supplier of composite materials to the aerospace industry, is expanding and actively looking to do so in Morgan Hill, California. The announcement was made on April 19, 2022.
Fortis Solutions Group LLC announced its acquisition of Label Tech Inc., based in Somersworth, N.H.
Generac Power Systems is expanding its manufacturing, assembly and distribution center in Trenton, South Carolina. The facility, which started production in July 2021, now produces over 500 air-cooled home standby generator units per day and employs over 700 people. A building expansion to 600,000 square feet is planned, with construction expected to start in 2022. The initial investment was about $90 million.
MB Aerospace has sold its interests in MB Aerospace Sterling Heights Inc to an affiliate of American Industrial Acquisition Corporation (AIAC). The business will trade as Vital Engineered Components Company (VECCO), focusing on machining high-value cast components for aerospace and industrial markets.
Momentum Manufacturing Group completed phase one of a capacity expansion at its Vitex Extrusion division in New Hampshire, investing $13.5 million in a new 2,920-ton extrusion line that doubles annual output to 55 million pounds of custom aluminum profiles. Phase two is underway with a total investment of $23 million.
Viscofan USA in Danville, Illinois, is investing $25 million in a new state-of-the-art production line for meat product casings, with equipment ordered from Spain, Brazil, and Mexico, expected to be operational by October 1, 2022.
The Kiely Family of Companies (KIELY) acquired Industrial Treatment Technologies, Inc., a wastewater systems and solutions company headquartered in Fernandina Beach, Florida, to expand its water resources capabilities. The acquisition was completed on April 18, 2022.
TriState Quality Metals has broken ground on a $2 million expansion to increase its facility from 44,000 to 75,000 square feet, adding robotic systems and a laser. The project is expected to be completed within a few months.
MHS Global and Fortna will combine to form a multi-billion-dollar company providing parcel, warehouse, and distribution automation. THL will remain majority owner, and a subsidiary of ADIA will acquire a significant minority stake.
Palmer Holland announced an exclusive distribution partnership with Synasia for specialty epoxy resins in the United States (except western region) and Canada. The announcement was made on April 18, 2022.
Med Platform II, a fund managed by ArchiMed SAS, entered into a definitive agreement to acquire Natus Medical Incorporated for approximately $1.2 billion, or $33.50 per share. The transaction was announced on April 17, 2022.
Kampi Components Co., Inc. was awarded a DLA Aviation contract valued at $1,099,648.40 for 2,047 disc assemblies manufactured by Rexnord Industries, LLC. The contract was announced on April 16, 2022.