The U.S. Department of Defense awarded a $64.6 million contract modification to SiO2 Medical Products to increase domestic production of pharmaceutical vials. The company will build three vial production systems in Auburn, Alabama, aiming to produce 10 million vials per month by July 2024.
Pantero Inc. acquired Inspired Packaging Solutions in Livonia, Michigan, to expand its packaging automation and material handling solutions. Terms were not disclosed.
Sekisui Specialty Chemicals America has signed an agreement with Boardwalktech to add a new application and expand its current Sales & Operations Execution application for demand, supply, and allocation planning.
RBC Bearings Incorporated has entered into a definitive agreement to acquire the DODGE mechanical power transmission division of ABB for $2.9 billion in cash, doubling RBC's revenue and EBITDA scale.
H.I.G. Capital established United Flow Technologies platform and completed a strategic investment (recapitalization) in MISCOwater, a provider of water and wastewater process and equipment solutions. Terms were not disclosed.
The Defense Logistics Agency awarded three companies positions on a $900 million IDIQ contract to supply commercial metal products to U.S. military branches. The ordering period ends July 22, 2023.
H.I.G. Capital established United Flow Technologies to invest in the water and wastewater market and completed a strategic recapitalization of MISCOwater, a provider of process and equipment solutions.
AeroAggregates broke ground on a new production facility in Dunnellon, FL, to manufacture ultra-lightweight foamed glass aggregates from post-consumer recycled glass. The plant is expected to begin operations in October 2021.
Natural Fiber Welding (NFW) has raised $15 million from investors including BMW i Ventures. The funds will be used to scale up production of its leather-like Mirum material and cotton-like Clarus textile for automakers.
VSE Corporation (NASDAQ: VSEC) has acquired privately held Global Parts Group, Inc. in an all-cash transaction valued at approximately $38 million. Global Parts is an aftermarket distribution and MRO services provider for the business and general aviation market, based in Wichita, Kansas.
H.I.G. Capital, through an affiliate, completed its acquisition of Jackson Paper Manufacturing and Sustainable Corrugated, a recycled corrugated packaging maker headquartered in Sylva, North Carolina, on September 1, 2021. H.I.G. is partnering with the current management team.
Imperial Dade agreed to buy EBP Supply Company, a distributor of food service packaging and janitorial supplies headquartered in Milford, Connecticut. The deal was announced on July 26, 2021.
Sika acquired American Hydrotech Inc. in the U.S. and Hydrotech Membrane Corp. in Canada, becoming the number-one supplier of green roofs in North America.
Thermex-Thermatron Systems acquired Florida-based JTE Machines, an engineering and automation firm for RF and material sealing. The acquisition expands Thermex's capabilities and makes it North American distributor for Oteman Advanced Cutting Technology.
A. O. Smith Corporation acquired Master Water Conditioning Corporation, a Pennsylvania-based water treatment company, in an all-cash transaction. Terms were not disclosed.
Meridian Bioscience signed a definitive agreement to acquire the North American BreathTek business from Otsuka America Pharmaceutical for $20 million in cash. The acquisition includes customer relationships for the urea breath test for H. pylori detection.
LISI AEROSPACE, a subsidiary of LISI Group, has signed an agreement to acquire 100% of B&E Manufacturing, a California-based manufacturer of hydraulic tube fittings for aerospace and military applications, for an undisclosed amount.
Magna International will acquire Veoneer, a leader in automotive safety technology, for $31.25 per share in cash, totaling $3.8 billion. The deal strengthens Magna's ADAS business.
Glatfelter Corporation will acquire Jacob Holm, a manufacturer of spunlace nonwoven fabrics, for approximately $308 million. The deal adds Jacob Holm's Sontara brand and four manufacturing facilities.
B2B Industrial Packaging, a GenNx360 company, announced its acquisition of Allen Packaging Company of Tustin, California, its 16th major acquisition, adding corrugated products, poly bags and stretch film.
ZF announced its Marysville, Michigan facility secured a nearly $6 billion contract to supply beam axles and axle drives for pick-up trucks until 2027, creating over 800 jobs.
Infrastructure and Energy Alternatives, Inc. (IEA) was awarded a large-scale coal ash removal contract by Dominion Energy for the Chesterfield Power Station in Virginia. Work began in May 2021 and is expected to take approximately 13 years.
Rheem announced its intent to acquire Friedrich Air Conditioning, a manufacturer of premium air conditioning products, from Monomoy Capital Partners. Friedrich is based in San Antonio with manufacturing in Monterrey, Mexico.
LongueVue Capital sold Zavation Medical Products, a spinal implant manufacturer, to an affiliate of Gemspring Capital Management. The transaction closed on July 22, 2021.
Ineos has agreed to acquire Sasol's 50% membership interest in Gemini HDPE LLC for $404 million. Gemini is a toll manufacturer of bimodal HDPE products located in La Porte, Texas.
IPEX announced a major investment in a new 200,000 sq ft injection molding plant in Pineville, North Carolina. The facility will use Industry 4.0 and AI, and is expected to create over 150 jobs.
American Technology Components Inc. plans to invest $17.6 million in a new headquarters and manufacturing facility in Elkhart, Indiana, creating 68 jobs over three years.
Envirogen was awarded a $1.7 million contract by the city of Kalamazoo to build a biological foul air mitigation treatment system for the city's sewer system.
Chaney Enterprises announced it will join forces with Felton Brothers Transit Mix, Inc., a concrete supplier with five locations in Southern Virginia, as its first affiliate company, adding 20 employees.
Direct Pack has expanded its Rockingham, North Carolina facility by 56,000 square feet, adding flexible manufacturing lines and raising manufacturing capacity by more than 40%.
S&B Engineers and Constructors has acquired majority ownership of Bibb Engineers, Architects and Constructors, an EPC firm based in Kansas City, Missouri. The deal extends S&B's reach in power sector EPC markets. Financial terms were not disclosed.
MD Helicopters Inc. signed contracts with Unitech Composites and ACT Aerospace to supply parts for MD 902, MD 520N and MD 600N aircraft. Unitech Composites will supply pitch cases, flex beams, and main rotor blades; ACT Aerospace will manufacture tail boom and empennage. Parts expected by early 2022.
BD (Becton, Dickinson and Company) acquired Velano Vascular, a San Francisco-based company with needle-free blood draw technology, on July 20, 2021. Terms were not disclosed.
Creative Foam acquired RAM Technologies, a custom converter and fabricator of formed foam, plastic, and other nonwoven material solutions, on July 20, 2021. Terms were not disclosed.
Akrochem announced the acquisition of Bech Chem, LLC, a chemical supply chain company based in Houston, TX. The transaction is effective immediately.
Romi USA entered into an exclusive distribution agreement with United Precision Services (UPS) for Romi's heavy-duty horizontal and vertical CNC lathes across the USA and Canada.
Manitowoc agreed to acquire the crane business of H&E Equipment Services, a Louisiana-based equipment distributor and rental company.
CANPACK Group announced on Tuesday, July 20, 2021 plans for its first U.S. facility, a 908,000-square-foot aluminum can plant and North American Center of Excellence in Olyphant Borough, Lackawanna County, with about $366 million invested and around 400 jobs, expected to be operational by year end.
DuPont completed its acquisition of Laird Performance Materials, which will be integrated into DuPont Electronics & Industrial’s Interconnect Solutions business.
Streamline Innovations announced a strategic partnership with Pearl Energy Investments and Energy Innovation Capital to fund the acquisition of Advanced Oxidation Technology and expand its Valkyrie H2S treatment technology.
MGX Equipment Services, LLC entered into a definitive agreement to acquire the crane business from H&E Equipment Services, Inc. for $130 million. The transaction is expected to close in the fourth quarter of 2021.
Ozark Integrated Circuits has started a three-year, $1.5 million SBIR Phase II contract with DARPA to develop high-temperature instrumentation for hypersonic jet engines using its XNodes technology.
GlobalFoundries announced it will build a second factory at its Fab 8 site in Malta, New York, and invest $1 billion to boost chip output to address the global chip shortage.
GlobalFoundries announced expansion plans for its Fab 8 facility in Malta, New York, including an immediate $1 billion investment to add 150,000 wafers per year capacity and plans to construct a new fab on the same campus that will double the site's capacity and create over 1,000 new direct jobs.
GE Aviation Systems in Vandalia, Ohio, received a $55.4 million modification to a previously awarded contract from the U.S. Navy to procure 219 generator converter units for F/A-18E/F and E/A-18G aircraft. Work will be performed in Vandalia and is expected to be complete in July 2023.
Faerch, a European packaging company, announced the acquisition of MCP Performance Plastic, marking its expansion outside Europe. The deal was announced on July 19, 2021.
CAES, a leader in mission-critical electronics, announced it has been awarded a contract from Vinnova, a Swedish government agency, to develop next generation RISC-V based space computing capabilities. The development will enable future CAES microprocessors for spacecraft control and payload processing.
Fast Radius, a cloud manufacturing solutions provider, announced a definitive business combination agreement with ECP Environmental Growth Opportunities Corp., a SPAC. The combined company will have an estimated post-transaction equity value of $1.4 billion.
OPSWAT acquired all assets of Bayshore Networks, a provider of active industrial cybersecurity protection for OT/ICS environments. The acquisition extends OPSWAT's critical infrastructure protection capabilities to operational technology.
The US Navy awarded VSO the SeaPort NxG indefinite-delivery/indefinite-quantity multiple award contract, with an estimated $5 billion in services annually over the base and option periods.