Elgi Compressors USA Inc, a subsidiary of Elgi Equipment, entered an operating agreement to acquire a 33.33% stake in CS Industrial Services LLC, its exclusive distributor for ELGi compressors in Western New York, for about $125,000. Completion is expected by 31 March 2023.
Bailey International opened a new MVP (Motors, Valves, Pumps) Center in Grand Rapids, Michigan, with over 20,000 sq ft, stocking and manufacturing hydraulic motors, valves and pumps. The center follows Bailey's earlier acquisition of Hydrolico.
Packaging designer and distributor TricorBraun signed an exclusive agreement to offer BioBottles' fully biodegradable bottles to nutraceutical companies in the US and Canada.
Family-owned corrugated packaging company Welch Packaging acquired Nashville Box, a corrugated packaging supplier.
EXP has been awarded a contract by Lithium Americas for design, engineering and supply of equipment for a 3,000 metric tonnes/day sulfuric acid plant at the Thacker Pass lithium project in Humboldt County, Nevada. MECS, a subsidiary of Elessent Clean Technologies, holds the technology license for the plant.
Canadian packaging maker Sterling Packaging, backed by Druid Capital, is investing $6 million in a new 60,000 sq.ft building at Monroeville Industrial Park in Alabama, creating up to 55 jobs. The announcement was made on March 5, 2023.
Toronto-based packaging provider Ya YA Foods, backed by private equity, acquired Oatly's US manufacturing assets. The article gives no deal value.
Canadian HVAC-R distributor The Master Group announced the acquisition of Refrigeration Sales Corporation (RSC), an Ohio-based distributor serving Ohio and Western Pennsylvania. RSC will keep operating independently under its current management team.
NEXGEL acquired a 50% interest in CG Converting and Packaging, LLC, a newly formed joint venture with C.G. Laboratories that takes over CG Labs' converting and packaging division. The agreement is effective March 1, 2023.
Holland, Michigan-based Bradford Group completed an asset acquisition of Partitions Plus LLC, a corrugated partition manufacturer in Findlay, Ohio. Operations continue at the 80,000 sq ft Findlay facility under former co-founder Ben Riblet.
Emerson will supply automation technologies, software and control systems for the Golden Triangle Polymers Project in Orange, Texas, a $8.5 billion ethane cracker and polyethylene complex. Operations are expected to begin in 2026.
ZIEHL-ABEGG has broken ground on a €100 million production, logistics and R&D center on a 48,500 m2 site in Winston-Salem, North Carolina, for biomimetic energy-efficient fans. The article says the project will create hundreds of new jobs.
Axium Packaging will invest $32 million to build a 150,000-square-foot manufacturing facility in Archdale, Randolph County, North Carolina, creating 118 jobs. Operations are expected to begin in 2024.
Canned beverage maker DrinkPAK is adding a third production line capable of 2,200 cans per minute at its campus on Needham Ranch Parkway in Santa Clarita Valley, California. The expansion will require up to 80 new hires by April 2023.
Valmet will supply a coated board machine for Graphic Packaging International's mill in Waco, Texas, with start-up scheduled for early 2026. The machine will have an annual capacity of about 500,000 short tons of coated recycled board. The deal value was not disclosed.
Danone North America will invest up to $65 million over two years at its Jacksonville facility to add a new bottle production line. The expansion will create 40 new jobs at the plant, which employs 110 people.
The U.S. Army Corps of Engineers' Nashville District awarded ANDRITZ a contract to rehabilitate turbines and generators at the 162 MW Old Hickory hydroelectric plant on the Cumberland River in Tennessee. ANDRITZ will supply three 40.5 MW Kaplan turbine generator units, with an optional fourth, and first-unit commissioning is expected in August 2026.
TASKI acquired substantially all of the assets of NSS Enterprises, Inc. on February 22, 2023. The deal expands TASKI's product offering and its U.S. production footprint, with NSS production facilities in Toledo, Ohio continuing to serve customers.
Mott Corporation announced a new 65,000 square foot facility near its Farmington, Connecticut headquarters. It will create at least 100 local jobs, double production of its porous metal sheets for green hydrogen, and involve total investment of tens of millions of dollars.
Clow Valve won Oskaloosa City Council approval for its application to the Iowa High Quality Jobs Program and tax exemption for a $75 million expansion at its Oskaloosa plant. The planned expansion covers 36,000 square feet.
Poclain invested $25 million in capital expenditure over two years at its Yorkville, Wisconsin plant, including a building extension and new motor and pump assembly line to meet demand.
Iowa approved a $318,000 award for Puck Customer Enterprises to invest in new equipment at its Manning facility, a $6 million capital investment expected to create 40 jobs by December 2025.
Iowa approved a $310,000 award for Mobile Track Solutions to improve its Elkader facility, with a capital investment of $11.45 million and 30 new jobs, scheduled for completion in Q1 2025.
Iowa Economic Development Authority approved a $1.15 million award for Clow Valve Co. to modernize its Oskaloosa facility with new equipment and automation, a capital investment of over $68 million due by December 2024.
LyondellBasell signed a definite long-term contract with Nexus Circular for about 24,000 tons of advanced recycled feedstock per year, produced at Nexus's new facility, for use at LyondellBasell's Channelview, Texas plant.
Menasha Corporation announced that President and CEO James M. Kotek will retire in March 2023, and its board appointed Christopher D. Drees as successor.
The Spearhead Group, a US packaging company, launched Bottle2Bag, a luxury textile bag solution woven from recycled plastic bottles for food, spirits and beverage clients.
Italian luxury packaging maker Pusterla 1880, backed by Andera Mid Cap, acquired a business unit of Burt Rigid Box in New York State and the entire capital of Taylor Box in Rhode Island, then merged them into Pusterla US, Inc. The deal was reported on February 15, 2023.
SPAC Stratim Cloud Acquisition Corp. signed a binding letter of intent to acquire 100% of Force Pressure Control, LLC, a maker of pressure control rental tools for oil, gas and geothermal well operations, for 12 million shares plus $120 million in cash or notes. The announcement was made on February 14, 2023.
US private equity firm Shore Capital Partners announced a partnership to invest in Container Services (CSI), a Hillsboro, Kansas maker of PET and HDPE blow-moulded plastic containers, to fund growth and acquisitions. The announcement was made on February 14, 2023.
PumpTech, a portfolio company of Pike Street Capital, announced its acquisition of Dakota Pump Inc., a supplier of packaged pump stations and automated systems for water and wastewater markets, with three locations in South Dakota. The deal was announced on February 14, 2023.
PDM US announced a $18.5 million investment to expand its Rock Hill, South Carolina production facility, which will become its world headquarters and create 25 new jobs, with completion expected by April 2023.
Cavaform, a specialist manufacturer in St. Petersburg, Florida, was acquired by a Detroit-based private equity-backed manufacturer, marking its 15th transaction since 2019.
Mill Rock Packaging Partners acquired Keystone Paper & Box Company, a folding carton maker based in South Windsor, Connecticut, marking its expansion to the Eastern U.S. Terms were not disclosed.
Inovar Packaging Group completed its acquisition of Cimarron Label and Western Printing, label businesses in Sioux Falls and Aberdeen, South Dakota, its eighth platform company.
Crossplane Capital's acquisition of specialty pump rental provider Pump & Integrity was merged with its portfolio company Griffin Dewatering, with Graycliff Partners providing subordinated debt and minority equity financing.
Viking Group bought a 40-acre property in Richmond, Indiana, to build a manufacturing facility for its subsidiary MV Pipe LLC, making Fendium corrosion-resistant fire protection pipe. The project is expected to create 111 new jobs and is backed by up to $1.5 million in state tax credits.
Trillium Flow Technologies announced its acquisition of Coulter Valve Service, a specialty valve field services company offering on-site nuclear and commercial maintenance, repair and modifications in the United States. The deal strengthens Trillium's North American aftermarket business. The deal value was not disclosed.
Larsen Packaging Products, Inc. of St. Charles, Illinois, acquired Alpha Container, a Marysville, Ohio manufacturer and distributor of corrugated products and packaging supplies. The former owner's staff will continue under the Alpha Container name, and the deal expands Larsen into Ohio and Pennsylvania. The deal value was not disclosed.
Bobcat Company completed a $9.3 million investment in automated punch press technology at its Gwinner, North Dakota plant, built with AP&T North America, and added $1.2 million in building upgrades. The new line began production and is expected to more than double press capacity.
IperionX and Carver Pump have partnered to offer additively manufactured titanium pump components to the US Navy, with Carver designing the parts and leading qualification. The announcement is dated 7 February 2023.
Georgia-Pacific is investing $30 million to modernize its corrugated plant in Owosso, Michigan, with a new corrugator, converter and other equipment that adds double wall capability. Installation has begun and first production is expected by the end of February 2023.
Flexpak LLC completed its acquisition of Preferred Packaging Products Inc., a packaging distributor based in Thornton, Colorado, effective February 1, 2023. The deal extends Flexpak's regional footprint to Colorado.
Bosch Rexroth completed its acquisition of HydraForce, a US compact hydraulics specialist, after antitrust approval. HydraForce will be integrated into Bosch Rexroth's Compact Hydraulics Business Unit.
Atlas Copco has acquired Dekker Vacuum Technologies, a Michigan City, Indiana maker of vacuum pumps and systems. The deal value was not disclosed.
German packaging maker Papier-Mettler acquired an industrial building in Moorefield, West Virginia, and plans to invest $48 million there, creating up to 100 jobs in its first US production plant.
Atlanta-based Graphic Packaging International announced it will invest $1 billion over three years in a new fiber-based consumer packaging facility in Waco, Texas. It is described as Waco's largest-ever capital investment.
The Robinette Company, a film and paper packaging manufacturer, will invest $10.3 million to construct a new 100,000-square-foot facility in Piney Flats, Tennessee, creating 70 new production jobs. The announcement was made with Governor Bill Lee and state economic development officials.
Sealed Air has closed its previously announced acquisition of Liquibox, a Richmond, Virginia maker of bag-in-box liquid packaging, for $1.15 billion on a cash and debt-free basis.
NIBCO Inc. completed its acquisition of Matco-Norca LLC, a sourcing company for valves, fittings and plumbing products, which also includes sister company SVF Flow Controls LLC. Matco-Norca will operate as a wholly-owned subsidiary.