Wisconsin-based Wolter Inc. acquired Advantage Materials Handling Group, a forklift and material handling dealership in South Bend, Indiana. Financial terms were not disclosed.
KCM Capital Partners' Industrial Service Group completed its acquisition of Industrial Air Power, LLC, a compressed air equipment and parts distributor headquartered in Muskego, Wisconsin. Terms were not disclosed. The announcement was made on November 8, 2021.
Iron Heart Canning acquired NorthStar Mobile Canning and the mobile canning operations of Lagersmith Canning Co. serving the Minneapolis and St. Paul craft beverage market, expanding its network to 26 states.
Kevin Hunt has stepped down as President of ValvTechnologies following the Severn Group acquisition. Chad Bowers, previously Director of Manufacturing, takes the role of President.
Severn Group, a UK family of specialist valve companies, has acquired Houston-based ValvTechnologies, a maker of metal-seated, zero-leakage severe-service valves. ValvTechnologies will keep operational independence within the group. The deal was announced on 6 November 2021.
Prysmian Group secured a $730 million contract from Dominion Energy Virginia to supply and install submarine cables for the Coastal Virginia Offshore Wind project, the largest commercial offshore wind farm in the US. The project is expected to be completed by 2026.
Triumph Engine Control Systems LLC received a $12,142,360 firm-fixed-price contract from the U.S. Navy to repair enhanced digital engine control units for T700 engines used on UH-60 aircraft. Work will be performed in West Hartford, Connecticut, with completion expected by November 2026.
Dominion Energy Virginia has awarded a $1.9 billion Balance of Plant contract to a consortium of DEME Group and Prysmian for the construction of the Coastal Virginia Offshore Wind project. DEME's portion is worth $1.1 billion and Prysmian's portion is worth $726 million.
Morrell Group, a provider of advanced motion control solutions, has finalized its acquisition of LOR Manufacturing, an industrial mobile systems integrator in Weidman, Michigan. Terms were not disclosed. LOR Manufacturing will be renamed LOR Mobile Controls.
American Axle & Manufacturing secured an agreement with REE Automotive to supply high-performance electric drive units for a modular platform. Prototypes are due by end of 2021, with full-volume production expected by 2024.
American Refrigeration Company (ARC), an independent commercial and industrial mechanical services company, acquired Global Mechanical Services, a provider of commercial mechanical services including HVAC, controls, and refrigeration. The acquisition enhances ARC's HVAC design, installation, and service capabilities in New England.
REE Automotive has selected American Axle & Manufacturing (AAM) to supply high-performance electric drive units for integration into REEcorner technology, with prototype delivery by end of 2021 and volume production expected by 2024.
Prysmian Group announced a $30 million expansion at its Abbeville, South Carolina high-voltage cable plant as part of a $100 million project to upgrade the U.S. power grid. The expansion will create up to 30 jobs, with cable production expected to start in 2023.
Burlington Apparel Fabrics has been awarded a maximum $8,177,895 modification exercising the third one-year option period of a contract for wool, serge, navy blue, sponged mothproof cloth for the U.S. Navy. The ordering period ends Nov. 4, 2022.
Russel Metals Inc. announced it has entered into an agreement to acquire Boyd Metals for US$110 million. Boyd operates five service centers in the U.S. South, primarily in carbon steel products. The transaction is expected to close in Q4 2021.
General Motors announced a $46.8 million investment to upgrade its Parma, Ohio metal stamping facility, focusing on press, metal assembly, and aluminum operations. Installation begins immediately and is expected to be completed by spring 2024.
TriMech, backed by The Halifax Group, has acquired Adaptive Corporation and Forward Vision. The acquisitions expand TriMech's capabilities in engineering and design software solutions.
Platinum Equity has signed a definitive agreement to acquire Pelican Products Inc., a manufacturer of protective cases and equipment. The transaction is expected to close by the end of 2021.
AgriVision Equipment Group and PrairieLand Partners, both John Deere dealers, are entering into a joint venture effective Jan. 3, 2022, pending Deere & Company approval. The combined company will operate 32 dealerships across Kansas, Iowa, Missouri and Nebraska.
Amsted Automotive Group's Burgess-Norton unit has acquired SMW Manufacturing Company, a cold-formed and precision-machined components manufacturer for heavy truck, automotive, mining, and industrial markets. Terms were not disclosed.
Icahn Enterprises has agreed to sell its subsidiary PSC Metals to SA Recycling for about $290 million. PSC operates scrap metal processing facilities across North America.
Camfil Air Pollution Control held a groundbreaking ceremony for a new manufacturing facility in Jonesboro, Arkansas, with an investment of over $37 million. The facility will add 67 new jobs and is expected to be operational in 2022.
Columbus McKinnon Corporation executed a definitive agreement to acquire Garvey Corporation for $74 million. Garvey is a leading accumulation systems solutions company with approximately $30 million in revenue.
The U.S. Air Force awarded General Electric a $1.6 billion contract to supply F110-129 engines for the F-15EX Eagle II fighters. The contract includes 29 engines initially and options for up to 329 engines, with deliveries beginning in October 2023.
AmbaFlex broke ground on a 50,000-square-foot building in Canton, Ohio, costing $10.5 million, to support its existing facility and add 35 jobs over five years.
Dr. Schneider Automotive Systems is locating a manufacturing plant in Baldwyn, Mississippi, with a $22.5 million investment, creating up to 400 jobs over six years.
General Dynamics Mission Systems completed qualification testing of the Ku-band SATCOM-on-the-Move antenna and began production under a contract with General Atomics Aeronautical Systems for use on SkyGuardian and SeaGuardian UAVs. Follow-on orders for up to 52 additional antennas are anticipated.
BorgWarner secured a contract with a major OEM to supply high voltage silicon carbide inverters for battery electric vehicle platforms, including passenger cars and trucks. Launch is slated for 2024.
Vonco Products broke ground on a 36,500 sq ft expansion of its facility in Trevor, Wisconsin, to increase manufacturing capacity for medical devices and PPE. The expansion will create 30 new jobs.
Innovia Medical has acquired Lacrimedics, a manufacturer and distributor of occlusion therapy devices for dry eye disease based in Du Pont, Washington. Terms were not disclosed.
Aehr Test Systems received a $7.6 million order from its lead silicon carbide customer for WaferPak full wafer contactors to support increased production capacity for silicon carbide power devices used in electric vehicles.
Berkshire Partners has agreed to acquire a majority stake in Harvey Performance Company, a designer and manufacturer of specialized cutting tools, from Summit Partners. The transaction value was not disclosed.
Maher Terminals awarded a contract to Liebherr for three new container ship-to-shore gantry cranes for the port of New York/New Jersey. The cranes feature a span of 30.5m, outreach of 69.5m, and lift height of 53.3m.
Bens Creek Operations and Mega Highwall Mining entered a 12-month contract mining services agreement for production of metallurgical coal at BCO's mine, with minimum production of 40,000 tonnes per month. Production is expected to start in December 2021.
Plastic Energy, Freepoint Eco-Systems and TotalEnergies jointly announced a facility in Texas that will use chemical recycling to convert 66 million pounds per year of scrap plastic into TACOIL feedstock for new resin production. The plant is scheduled to open in mid-2024.
Qorvo acquired United Silicon Carbide (UnitedSiC), a manufacturer of silicon carbide power semiconductors, to expand into EV, industrial power, and renewable energy markets. UnitedSiC will become part of Qorvo's Infrastructure & Defense Products business.
Saint-Gobain, through CertainTeed, announced over $400 million in investments to expand production capacity at four US locations: a roofing shingle plant in the Southeast ($100M, 31 jobs), insulation plants in Chowchilla, CA ($32M, 13% capacity increase) and Athens, GA ($30M, up to 20 jobs), and a gypsum plant in the Southeast ($200M+).
Summit Refrigeration Group and All Temp Refrigeration announced a partnership to create one of the largest industrial refrigeration contractors in the U.S. Both companies design, build and service industrial ammonia refrigeration systems and will retain their own brands.
Xebec Adsorption closed the acquisition of all outstanding shares of Colorado-based UECompression for a total consideration of $8 million, subject to holdbacks and adjustments. The deal adds a 100,000 sq. ft. US plant to expand biogas and hydrogen system production.
AmeriQual Packaging of Evansville, Indiana was awarded a $100 million contract to provide ready-to-eat meals to the U.S. Department of Defense, to be produced in Indiana.
Allied Motion Technologies Inc. acquired ORMEC Systems Corp., a developer of electro-mechanical automation solutions and motion control products for the automation and aerospace industries. Terms were not disclosed.
WIKA Sensor Technology broke ground on a 20,000-square-foot manufacturing facility in Lewis Center, Ohio. The $5.4 million project will create 15 new production jobs, with completion expected in July 2022.
TC Chemicals LLC was awarded a $27,239,632 fixed-price contract by the Defense Logistics Agency Energy for turbine fuel additive fuel system icing inhibitor. The 30-month contract has a performance completion date of June 30, 2024.
Wencor Group, a solutions provider to the aerospace aftermarket, defense and OEM markets, acquired ASC Industries, a distributor of aerospace fasteners, fittings, and hardware based in Arlington, Texas. The acquisition was announced on November 2, 2021.
German medical device maker Ottobock announced a deal to acquire 100% of Bay Area-based exoskeleton startup SuitX. Financial details were not disclosed.
PT Holdings, LLC acquired K&D Factory Service and Pine Tree Food Equipment for an undisclosed sum. K&D Factory Service is headquartered in Harrisburg, Pennsylvania, and had previously acquired Pine Tree Food Equipment in 2019.
ProMach, a packaging machinery company, acquired CL&D Graphics and CL&D Digital, providers of flexographic and digital web packaging solutions, to expand its flexible packaging portfolio.
Iljin Electric signed a contract worth approximately 40 billion KRW with a large electric power authority in New England, USA, to supply and install 115kV extra-high-voltage cables for a power grid project in the Boston northern area.
Automotive parts manufacturer Holley will invest $12.3 million to establish East Coast operations in Mooresville, North Carolina, bringing 80 existing employees and hiring 40 more. The company will occupy a 111,000-square-foot industrial building in Mooresville Business Park East.
DuPont announced it will acquire Rogers Corporation in an all-cash transaction valued at approximately $5.2 billion. Rogers shareholders will receive $277 per share. Rogers will be integrated into DuPont's Electronics & Industrial business unit.