Medtronic Logistics LLC and CEVA Logistics were approved for a 15-year PILOT to expand operations to a new 1 million sq ft, $133 million light manufacturing and distribution center in Memphis, creating 265 net new jobs.
Walmart-backed robotics firm Symbotic is set to go public following a special purpose acquisition from Softbank Investment Advisers. The merger is expected to be completed within the first half of 2022 and trade on Nasdaq.
FormFactor, Inc. announced the opening of a new 90,000 square foot manufacturing facility at its Livermore, California campus to expand capacity for semiconductor wafer probe card production. The facility includes a class 1000 clean room and is part of $70-80 million in capacity expansion investments in 2021.
Bosch Rexroth will invest $12.8 million to expand its hydraulics manufacturing campus in Fountain Inn, Greenville County, South Carolina, adding a testing facility and 60 jobs over five years, with completion expected by 2025.
Richland-based Fluid Controls and Components Inc. received a 2020-21 Bechtel Global Supplier Award for providing 9,000 nuclear-certified valves and sourcing frit for the Hanford Waste Treatment Plant in Washington state.
International Paper announced it will build a state-of-the-art corrugated packaging plant in Atglen, Pennsylvania, employing about 150 people. Construction starts in Q1 2022 with full operation expected in Q1 2023.
Ohio Transmission Corporation, an industrial equipment distributor, acquired TP Pump, a pump line supplier serving New Mexico and northern Arizona from Albuquerque. The deal was announced on December 15, 2021, and terms were not disclosed.
Zeller+Gmelin North America purchased 4 Visconomic ink mills and 1 high-speed mixer from Bühler Group to increase flexographic ink production at its Richmond, Virginia facility. The investment addresses increased demand and industry ink shortages.
Delta-X Imagine, the advanced technology unit of Delta-X Global Corp., will invest $25 million to purchase and renovate two facilities in Rochester, New York, for its U.S. research and manufacturing headquarters. The project is expected to create up to 102 jobs and be fully operational by Q1 2026.
Steel Technologies LLC has entered into a definitive agreement to purchase the assets of Calstrip Industries, Inc., a flat-rolled metal processor with operations in California, New Mexico, Texas, and Arkansas. The transaction is expected to close in late December 2021.
The U.S. Navy issued a $70.9 million sole-source contract to Huntington Ingalls Industries to procure long lead time material for the LHA 9 amphibious assault ship. Work will be performed in Philadelphia, Pascagoula, Hamilton, and High Ridge through April 2024.
Proterra announced plans to open a new EV battery system manufacturing plant in Greer, South Carolina. The company will invest at least $76 million and expects to create more than 200 jobs. The factory is expected to launch in the second half of 2022.
NuScale Power, a provider of small modular nuclear reactor technology, announced a business combination agreement with Spring Valley Acquisition Corp. The combined company will have an enterprise value of approximately $1.9 billion and will be listed under the ticker 'SMR'.
The 1,069.3 MW Wolf Hollow Generating Station expansion, a gas-fired combined cycle power plant in Texas, was commissioned in June 2017, developed by Zachry and owned by Exelon.
Inhance Technologies completed the acquisition of Advance Research Chemicals, a producer of specialty chemicals and materials, to create a global leader in sustainable specialty chemicals.
Lubrizol Life Science Health completed a major expansion of its U.S. Medical Device Design Center in Corona, California, adding a dedicated development cell with test lab and pilot lines, including 2,600 square feet of ISO-7 cleanroom space.
Wood has secured a contract with DSM Nutritional Products to perform site upgrades at DSM's Freeport, Texas facility, which produces carotenoids. The contract includes civil, structural, piping, electrical and demolition work, scheduled for completion in early 2022.
G6 Materials Corp., through its subsidiary Graphene Laboratories Inc., executed an exclusive five-year supply agreement with a European microconnector company for graphene products used in smartcard applications. The agreement follows ISO 9001 certification and a five-fold production capacity expansion at the Ronkonkoma, New York facility.
Camfil USA announced plans to build a new 350,000 sq ft manufacturing facility in Kilgore, Texas, investing more than $50 million and adding over 200 jobs within five years.
Magnachip Semiconductor and Wise Road Capital mutually terminated their merger agreement after failing to obtain CFIUS approval. Wise Road will pay a $70.2 million termination fee.
Cosma Body Assembly Michigan, a division of Magna International, will invest $23.6 million to expand its facility in Lyon Township, Michigan, by 90,000 square feet. The expansion will create up to 68 jobs and support manufacturing of front and rear underbody structural rails and assemblies.
Avanos Medical Inc. entered into a merger agreement to acquire OrthogenRx, Inc. for $130 million in cash at closing, plus up to $30 million in contingent consideration based on 2022 and 2023 net sales. The merger is expected to close in Q1 2022.
Value Added HVAC Distributors (VAD) and its three subsidiaries entered a strategic partnership with The Master Group, a portfolio company of Novacap. Terms were not disclosed.
Ryder System, Inc. agreed to acquire Whiplash, an ecommerce and omnichannel fulfillment provider, for $480 million. The deal will expand Ryder's footprint to include Whiplash's 19 warehouses totaling nearly seven million square feet.
Polyventive LLC, a portfolio company of Arsenal Capital Partners, acquired the Surfactants and Dyes & Pigments businesses of Tri-TexCo Inc and Trichromatic-West, Inc from SK Capital Partners. Financial terms were not disclosed.
Neutrik Americas (NAM) acquired Major Custom Cable (MCC), a manufacturer of data and communication cables, effective December 13, 2021.
The Veramaris joint venture between Evonik and DSM expanded its Blair, Nebraska facility to produce omega-3 oils from marine algae, with initial annual production meeting about 15% of industry demand.
TriMas signed agreements to acquire Omega Plastics, a custom components manufacturer for medical and industrial applications in Clinton Township, Michigan, and TFI Aerospace, a specialty fastener manufacturer near Toronto, Canada. Omega expected ~$18M revenue in FY2021; TFI expected ~$6M.
Mono Steel will produce steel structures for the $570 million Seattle Ship Canal Water Quality Project, a tunnel system to capture stormwater and sewage. The project is under construction.
LJUNGSTRÖM announced the first shipment of iLampSecure Sentinel Poles to Florida, marking a milestone in its Advanced Manufacturing expansion. The company plans to produce up to one million poles annually.
Trystar announced the acquisition of Total Plant Management Group (TPMG), a Houston-based manufacturer of prefabricated buildings, control panels, metering skids, and modular electrical substations. The deal adds automation and control system integration capabilities to Trystar's portfolio.
Baxter International completed its acquisition of Hillrom for $156 per share, with a purchase price of $10.5 billion and enterprise value of approximately $12.5 billion, creating a ~$15 billion global medtech leader.
Harley-Davidson's electric motorcycle division LiveWire will merge with SPAC AEA-Bridges Impact Corp., creating the first publicly traded EV motorcycle company in the U.S. with net proceeds of $545 million and an enterprise value of $1.77 billion.
Vale agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor. JFE Steel will sell a 1% stake to Nucor, resulting in Nucor owning 51% and JFE Steel 49% of CSI.
Piovan S.p.A. completed its acquisition of IPEG, Inc. through a merger of Sewickley Capital, the owner of IPEG, into a Delaware subsidiary of Piovan. The deal was executed on the terms first announced on December 13, 2021.
Vallourec was awarded a contract by BOE Exploration & Production to supply OCTG products for the Shenandoah deepwater project offshore Louisiana. Drilling is expected to begin in Q3 2022 with first oil in Q4 2024.
Lone Star Funds agreed to buy industrial pump and valve maker SPX Flow Inc. for $3.8 billion including assumed debt, at $86.50 per share in cash. The deal was announced on December 13, 2021.
Sullair has acquired its long-time Salt Lake City distributor Compressor-Pump & Service, which sells and services compressors, blowers and pumps across a 83-county territory in Utah, Nevada, Oregon, Idaho and Wyoming. All 33 employees remain.
Expanse Electrical Co., a provider of electrical, automation, and power infrastructure services, has been acquired by MidCentral Energy Partners. The announcement was made on January 26, 2026.
Walmart-backed robotics company Symbotic is finalising a $4.5 billion merger with SVF Investment Corp 3, a SPAC created by SoftBank. The deal is expected to be announced within days.
DexKo Global, through its subsidiary Dexter Axle Company, has acquired Progress Mfg. Inc., a manufacturer of custom-engineered towing and trailering products. The deal value was not disclosed.
WestRock will invest more than $47 million to expand its Claremont manufacturing facility in Catawba County, North Carolina, adding a 285,000 sq ft building and 50 new jobs, supported by a $125,000 One NC Fund grant.
Bruks Siwertell secured a contract from Packaging Corporation of America to supply a receiving hopper, screw conveyors and belt conveyor handling old corrugated cardboard rejects for boilers at PCA's Jackson, Alabama mill, with delivery scheduled for February 2022.
Pöppelmann Plastics USA LLC will invest over $19.2 million to expand its manufacturing campus in Claremont, North Carolina, adding 100,000 sq. ft. and creating 133 jobs. The expansion will increase capacity for automotive and horticultural products.
Inframark, LLC, a water and wastewater management firm, acquired MR Systems, Inc., an Atlanta-based SCADA and automation company for the municipal water and wastewater market. MR Systems will operate as an autonomous business unit.
Hanwha Impact signed a memorandum of understanding to remodel a U.S. hydrogen co-firing gas turbine power plant, using its technology to modify existing turbines to burn hydrogen and natural gas together, reducing carbon emissions.
Four new 100-foot-gauge container gantry cranes arrived at the Napoleon Avenue Container Terminal in the Port of New Orleans, part of a $112 million investment.
EMP, part of Concentric AB, has received a development contract from a global OEM to supply high voltage fans for cooling a fuel cell truck. The production contract is worth $27 million over 5 years, with production launching in 2023.
BAE Systems made a multi-million dollar investment in its Endicott, New York facility to expand engineering development, manufacturing and laboratory space for electric aircraft subsystems, including energy storage, controls and power conversion systems.
ExxonMobil Chemical Co. acquired California-based Materia Inc., a technology company specializing in Nobel Prize-winning hydrocarbon-based structural polymers, for use in wind turbine blades, EV parts, and construction.