Perstorp acquired GEO's dimethylol propionic acid (DMPA) business as of January 2022. GEO will continue to produce DMPA exclusively for Perstorp in Allentown, Pennsylvania.
ILSUNG HISCO signed a contract with Honeywell UOP to supply columns and pressure vessels for the VG-PLNG project in the USA, in January 2022.
Novelis announced a $130 million investment to upgrade its Oswego, New York aluminum mill, engaging ABB to replace obsolete equipment including switchgear, transformers, medium voltage drives and motors to improve reliability and reduce energy use by 10% by 2026.
Boeing received a $1.1 billion U.S. Army contract to produce an additional 1,500 PAC-3 missile seekers, extending production into 2026. The work is performed in Huntsville, Alabama.
The Legacy Companies acquired the assets of Vinotemp Corporation, a premium consumer appliance maker. Terms were not disclosed.
BlueScope completed the acquisition of the ferrous scrap steel recycling business of MetalX LLC for $240 million, including facilities in Delta, Ohio, and Waterloo, Indiana. The business will operate as BlueScope Recycling and Materials.
Saint-Gobain's North American operations announced plans to spend $400 million to grow its plasterboard, roofing and insulation operations in the US. The investment was announced in late 2021.
Allied Motion Technologies acquired Spectrum Controls, a manufacturer of Industrial I/O and Universal Communications Gateway products, for a purchase price of $70 million, with $45 million paid at closing and the remainder in two equal payments in 2022 and 2023.
Motion & Control Enterprises (MCE) acquired RSA, Inc. and Global Controls, Inc., a distributor of robotics and motion control products and a systems integrator based in St. Charles, Illinois.
Valve actuator maker Harold Beck & Sons converted to a 100% employee stock ownership plan at the end of 2021, with 135 employees, according to the company's president Doug Beck.
Sikorsky, a Lockheed Martin company, received a $31 million contract modification for CH-53K spare parts. The award was announced on December 29, 2021.
Comar, a supplier of medical devices and packaging, acquired Omega Packaging, a manufacturer of plastic closures and jars for pharmaceutical and nutraceutical markets. The deal was announced on December 29, 2021, with financial terms undisclosed.
MilliporeSigma, the US life science business of Merck KGaA, was awarded a $136.7 million contract from the US Department of Defense to construct a lateral flow membrane production facility in Sheboygan, Wisconsin, over three years.
WTEC Energy Corp. will redevelop a former Alpo pet food plant in Chamberino, New Mexico, for steel-wire manufacturing and eventually wind tower production, creating 315 jobs with $2 million in state assistance.
LFM Capital, a private equity firm, acquired SureKap Inc., a Winder, Georgia-based manufacturer of automated packaging machinery, from its founder Greg Raines, with Woodbridge International acting as advisor.
U.S. Medical Glove Company LLC reached an agreement to purchase up to 1.3 kilotons per month of nitrile from LG Chemicals, becoming LG's largest US buyer of nitrile, to secure supply for its nitrile glove manufacturing in Montgomery, Illinois.
Pratrivero USA Inc., a division of Pratrivero Nonwovens, is investing $17.6 million to establish a stitchbond nonwoven fabric manufacturing and distribution facility in Orangeburg County, South Carolina, creating 34 jobs. Operations are expected to begin in September 2022.
Sikorsky, a Lockheed Martin Company, received a $30,730,499 modification to procure 681 spare parts for CH-53K low-rate initial production aircraft. Work is expected to be completed by December 2026.
Lockheed Martin Aeronautics Co. received a $847,025,000 modification to procure long lead materials for 105 Lot 17 F-35 aircraft. Work will be performed at multiple locations and is expected to be completed by May 2026.
BG Automation held a groundbreaking ceremony for an expansion of its Derby campus, adding 51,000 square feet to bring the facility to 87,000 square feet. The expansion is expected to be completed by the end of 2022.
The SEER Group LLC announced its twentieth acquisition, a majority stake in Aladdin Air Conditioning & Heating Inc., an HVAC company in Newbury Park, California.
John Deere will acquire three Deere-Hitachi joint venture plants in the US, Brazil, and Canada, and enter new licensing and supply agreements with Hitachi to produce and sell excavators under the John Deere brand in the Americas. The changes take effect February 28, 2022.
Integrated Power Services acquired National Switchgear, a power distribution equipment company based in Lewisville, Texas. The terms of the transaction were not disclosed.
Interstate expanded its manufacturing plant in Nampa, Idaho, to increase cargo trailer production by 40-50% and dump trailer production by 100%+, with new buildings for the Skin Department and dedicated dump trailer space.
IPS, a North American leader in electric motor and rotating equipment services, acquired National Switchgear and National Field Services, headquartered in Lewisville, Texas, which provide power delivery solutions including switchgear rebuilds and field services.
VBG Group, through its subsidiary Ringfeder Power Transmission US, acquired all shares in The Carlyle Johnson Machine Co., LLC for USD 16.5 million on a cash and debt free basis. Carlyle Johnson designs and manufactures motion control components for industrial applications.
Heraeus Holding has acquired Norwood Medical, a Dayton, Ohio-based manufacturer of high-precision components for minimally-invasive surgery, orthopedics and robotic-assisted surgery. Norwood Medical has more than 1,100 employees and will continue to operate as a standalone business. Financial terms were not disclosed.
Holcim signed an agreement to acquire Malarkey Roofing Products, a US residential roofing company with projected 2022 net sales of $600 million. The transaction is valued at $1.35 billion in cash.
Trelleborg Group finalized the acquisition of a division of US-based Alpha Engineered Composites that produces polymer coated fabrics for niche applications. The division had annual sales of approximately SEK 90 million. The transaction was consolidated as of 30 December 2021.
Van Horn, Metz & Co., Inc. (VHM), a specialty raw material distributor, acquired Ivanhoe Industries, Inc. of Tullytown, PA, a distributor of industrial chemicals for personal care, rubber, elastomers and lubricants. The agreement was finalized December 23, 2021.
GlobalFoundries amended its Wafer Supply Agreement with AMD to increase chip volume and extend supply through 2025. AMD expects to purchase approximately $2.1 billion in wafers from GF between 2022 and 2025.
Zone Climate Services, a Wind Point Partners portfolio company, acquired Total Line Refrigeration, a commercial refrigeration and HVAC company in Cleveland, Ohio, expanding Zone's Midwest footprint into Ohio.
SCAT Enterprises has been acquired by Taglich Private Equity, which recently acquired Air Flow Research Heads. The transaction includes the Procar by SCAT seating division. SCAT's management team and production facility in Redondo Beach, California will remain.
HGR Industrial Surplus acquired Tramar Industries, a CNC machinery marketplace. The acquisition will merge their marketplaces and expand offerings for buying and selling industrial equipment across North America.
Volvo Construction Equipment announced a $30 million expansion of its manufacturing and assembly plant in Asheville, North Carolina, adding 264 jobs and new production lines for tracked excavators and cabs.
LCOR Inc. awarded Balfour Beatty a $79 million contract to construct Sage at National Landing, a 19-story luxury multifamily community in Arlington, Virginia. Construction has commenced using prefabricated exterior wall panels and MEP components.
IBA signed a contract with Proton International Arkansas LLC to install a ProteusONE proton therapy solution at the UAMS Winthrop P. Rockefeller Cancer Institute in Little Rock, Arkansas. The system is expected to start treating patients by 2023, with a typical end-user price range of USD 40-50 million including a 10-year maintenance contract.
Chaney Enterprises closed on the acquisition of TW Block & Concrete of Onley, Virginia, including the TW Barge Terminal in Onancock, Virginia. All 25 employees will be retained.
Polyplex is investing around USD 100 million to expand BOPET film and resin capacity at its Decatur, Alabama site, adding a 50,000 t/y line expected to start up in early 2023.
SK hynix announced it has received merger clearance from China's SAMR for its acquisition of Intel's NAND and SSD business, completing all required clearances in eight jurisdictions. The first closing consideration is USD 7 billion, and SK hynix will acquire Intel's SSD business, associated IP, employees, and the Dalian facility.
Northrop Grumman was awarded a $245.8 million modification to procure eight Ground/Air Task Oriented Radar systems and associated spares for the US Marine Corps. Work is expected to be completed by January 2025.
Northrop Grumman was awarded a $353.6 million fixed-price incentive modification to produce and deliver three E-2D Advanced Hawkeye aircraft for the government of France. Work is expected to be completed by April 2027.
Commonwealth Rolled Products Inc. will invest over $167 million in its Lewisport aluminium rolling factory in Kentucky, including new equipment and facility modifications to modernize the plant for automotive and industrial clients.
Wolverine Packing Co. installed automated case packing and palletizing systems at its new 180,000-sq.-ft. greenfield meat processing facility in Forest Park, Michigan, designed and built by Applied Manufacturing Technologies.
DYPNF (디와이피엔에프) announced a supply contract with LG Chem worth 15.3 billion KRW for the North America Midwest ABS Compound Project.
Culligan International and Waterlogic Group Holdings signed a definitive agreement to combine, creating a leader in sustainable drinking water solutions and services. The combined company will serve over 100 million consumers globally.
Raytheon Technologies' Pratt & Whitney Military Engines received a $218,162,159 contract modification to procure long-lead items for Lot 16 propulsion systems for F-35 Lightning II Joint Strike Fighter aircraft. Work will be performed in multiple locations and is expected to be completed by December 2024.
DSS, Inc.'s subsidiary Premier Packaging is nearing completion of a new 105,000 sq ft paperboard packaging facility in Henrietta, NY, near Rochester, with operations expected to begin February 1, 2022.
The Clinton River Water Resource Recovery Facility completed a new biosolids handling and septage receiving facility in Pontiac, Michigan, including a thermal hydrolysis pretreatment system, at a cost of $41.162 million.
AGCO announced an agreement to acquire Appareo Systems, a leader in software engineering, hardware development and electronic manufacturing for agricultural and aviation industries. The acquisition is expected to close in January 2022.