Kooyoung Tech Co., Ltd. (053270) announced a single sale and supply contract with ContiTech for Ford P708 model engine mount brackets. The contract is valued at KRW 35.63 billion and the supply region is the United States. The contract was signed on July 17, 2021.
GE Appliances (GEA), a Haier company, opened a new production line for 4-door refrigerators at its Appliance Park in Louisville, Kentucky. The $60 million investment added more than 245 new manufacturing jobs and increases capacity for the fastest-growing segment in high-end refrigeration.
BASF announced a final investment decision on a $780 million project to double methylene diphenyl diisocyanate (MDI) production capacity at its Geismar Verbund site in Ascension Parish, Louisiana. The expansion is the third phase of a plan announced in 2018, and upon completion the site will produce 600,000 metric tons per year of MDI.
Carlisle Companies entered a definitive agreement to acquire Henry Company, a provider of building envelope systems, from American Securities LLC for $1.575 billion in cash.
Trinseo entered into an agreement to acquire Aristech Surfaces from Falcon Private Holdings for $445 million, expected to close in Q3 2021, with $50 million tax benefit and $10 million annual cost synergies.
Novanta Inc. reached an agreement to acquire ATI Industrial Automation for $172 million upfront in cash plus contingent payments, expected to close in Q3 2021.
Pregis announced an $80 million investment in a new 168,000 square foot blown film extrusion facility in Anderson, South Carolina. The plant is expected to create 120 jobs and become operational in September.
Vontier Corporation entered into a definitive agreement to acquire DRB Systems from New Mountain Capital for approximately $970 million, payable in cash, expected to close in Q3 2021.
Anchor Packaging LLC, a rigid food packaging maker, announced its acquisition of Panoramic Inc., based in Janesville, Wisconsin. The blog post is dated April 25, 2022, and the financial terms were not given.
Powers Guaranteed Services acquired Connecticut-based GenQuip and Fall River-based Baraby Corporation, both standby generator installation and service specialists. The acquisitions expand PGS's presence in New England.
Mobix Labs Inc. has acquired all assets and IP of Cosemi Technologies Inc., a high-speed connectivity solutions company. Terms were not disclosed.
Ericsson won a five-year, $8.3 billion contract with Verizon to supply 5G RAN equipment, including C-band, low-band and mmWave technology. It is the largest contract in Ericsson's history.
Press Room Equipment, including Norwalk Innovation and Waddington Electronics, merged with EnSight and will operate under the EnSight brand. The merger combines industrial processing equipment with food processing lines.
Ericsson announced a multi-year agreement with Verizon to supply 5G solutions including Massive MIMO, Cloud RAN and software for Verizon's 5G network in the U.S. The deal is valued at $8.3 billion.
Aalberts N.V. reached a definitive agreement to acquire 100% of Premier Thermal Solutions, a surface technologies provider with nine locations in the US Midwest, generating annual revenue of approximately USD 60 million.
ANDRITZ was selected by Domtar to supply equipment and technical services for converting a power boiler and a recovery boiler at Domtar's Kingsport paper mill in Tennessee into a packaging facility.
Uponor North America is expanding manufacturing capacity by adding 57,000 square feet to its Lakeville Distribution Center and 25,000 square feet to its Hutchinson facility. Both expansions are expected to be completed in 2022.
AgJunction Inc., through its subsidiary Novariant, has been chosen by Komatsu Ltd. to provide sophisticated automation kits for construction workplaces. The contract follows successful integration of autosteering systems for Komatsu's agricultural equipment.
The New York Power Authority awarded a contract valued up to $275 million to Voith Hydro for mechanical and electrical upgrades as part of the $1.1 billion Next Generation Niagara program to modernize the Niagara Power Project.
Lockheed Martin opened the Spacecraft Test, Assembly and Resource (STAR) Center in Titusville, Florida, a 55,000 square-foot advanced manufacturing facility renovated with nearly $20 million investment to expand Orion spacecraft production for NASA's Artemis missions.
Nephron Pharmaceutical Corp. launched Nephron Nitrile, a new company that will produce three billion nitrile gloves annually at its Saxe-Gotha Industrial Park facility in West Columbia, South Carolina. The $100 million+ investment is expected to create 250 jobs, with production starting by early 2022.
Fred Weber, Inc. sold its aggregates and asphalt businesses to New Frontier Materials. The acquisition includes more than 20 sites (stone quarries and asphalt plants) in St. Louis, Missouri.
Beckhoff Automation officially opened a new office in downtown Milwaukee inside the Global Water Center, expanding its presence in the Great Lakes region. The 3,660-square-foot facility includes space for sales, engineering, support and training.
Verizon signed a five-year, $8.3 billion contract with Ericsson for 5G radio access network equipment and software, positioning Ericsson as Verizon's top RAN supplier.
US investor Lonestar has acquired polyester and vinyl ester resin producer AOC from CVC and DSM. The deal was announced on 15 July 2021.
Cricket Valley Energy Center (CVEC) and GE signed a memorandum of understanding to develop a green hydrogen technology roadmap (H2 Roadmap) and demonstration project at CVEC's combined cycle power plant in Dover Plains, New York. The project aims to convert the natural gas plant to 100% hydrogen fuel capability, starting with a 5% hydrogen blend demonstration in late 2022.
Health Supply US is locating its unit-dose flexible packaging division at 205 Raceway Drive in Mooresville, Iredell County, North Carolina, investing over $2.5 million and creating up to ten jobs.
Trivium Packaging is upgrading its production line and expanding its building at South Centre Township, Columbia County, with over $7 million of investment to handle receiving of steel coil shipments. The upgrades retain 76 existing jobs.
SK Siltron CSS announced plans to invest USD 300 million and create up to 150 jobs in Bay City, Michigan over three years to build a new plant for manufacturing and R&D of advanced semiconductor wafers for electric vehicles.
Turbopower LLC, a MRO service provider for gas turbine engines, was acquired by Battle Investment Group and Capricorn Holdings. The transaction closed on June 21, 2021. Terms were not disclosed.
Ali Group announced a definitive merger agreement to acquire Welbilt in an all-cash transaction for $24.00 per share, approximately $3.5 billion in equity value and $4.8 billion in enterprise value.
Collins Aerospace invested $30 million in an expansion of its Monroe, North Carolina operations, with plans to potentially invest an additional $30 million.
SK Siltron CSS announced a $300 million investment to add a second facility in Bay City, Michigan, creating up to 150 jobs, to manufacture silicon carbide wafers for electric vehicle power systems.
Amsino Medical Group opened a new $32 million North American distribution and manufacturing hub in Aurora, Illinois. The 222,000-square-foot facility will house all production and distribution of medical devices and is expected to create 110 permanent jobs.
The US Justice Department reached a settlement allowing Danfoss to buy Eaton's hydraulics business, with orbital motor and hydraulic steering assets to be sold to Interpump Group. The deal was originally announced in January 2020 at $3.3 billion and is expected to close around August 1, 2021.
Kubota Corporation received an order from Fulton County, Georgia for a Membrane BioReactor wastewater treatment system using submerged membrane units for the renewal and expansion of the Big Creek Water Reclamation Facility. The order was received on July 13, 2021, with planned start of operations in November 2023.
REE Automotive announced a strategic collaboration with EAVX, a business unit of JB Poindexter & Co, to develop commercial electric vehicles integrating REEcorner technology and JBPCO commercial vehicle bodies. The companies will initially develop a modular walk-in van for the North American last-mile delivery market, with prototypes targeted by Q1 2022 and production targeted for 2024.
L.B. Foster Company was awarded a $7 million subcontract to supply steel piling for the rehabilitation of upstream approach walls at the USACE Soo Locks Complex in Sault Ste. Marie, Michigan. The piling delivery began in spring 2021, with installation estimated to be completed in 2023.
CrescoNet announced the acquisition of water utility solutions provider Smart Earth Technologies (SET) on July 13, 2021. The acquisition aims to expand CrescoNet's solutions for water utilities.
PartsBadger LLC is expanding its Cedarburg, Wisconsin facility with a $1.55 million capital investment, including a 5,000-square-foot expansion and new machinery, adding 26 jobs by 2024.
General Motors has contracted Kuka AG to build the first low-volume units of its BrightDrop EV600 electric van at Kuka's plant in Livonia, Michigan, starting in late October 2021, to meet delivery commitments to FedEx.
Pratt & Whitney opened a 60,000 square-foot ceramic matrix composites (CMC) engineering and development facility in Carlsbad, California. The facility will serve as a CMC Center of Excellence and is expected to create over 60 new jobs.
SES Holdings Pte. Ltd., a lithium-metal battery supplier for EVs, entered a definitive agreement to combine with SPAC Ivanhoe Capital Acquisition Corp. The deal values the combined company at approximately $3.6 billion and is expected to provide SES up to $476 million in gross proceeds.
Polyplex Corporation Limited approved a proposal to build a new 50 KTPA BOPET film production line adjacent to its existing facility in Decatur, Alabama, USA, with an estimated cost of $102.8 million. The project also includes debottlenecking of the existing PET resin plant to increase capacity from 58 KTPA to 86 KTPA. Trial runs are tentatively scheduled for about 24 months.
Kval Inc., a door machinery manufacturer, is partnering with Titan Development on a 52,500-square-foot build-to-suit manufacturing facility at Titan's Innovation Business Park Phase 2 in Hutto, Texas. The announcement was made on July 13, 2021.
TriMas's Rieke unit is building a new 230,000 square foot, highly automated injection molding facility in New Albany, Ohio, expected to start production in Q2 2022, mainly for beauty and personal care dispensers.
Ouellet Group Inc. acquired 100% of the shares of Innovair Corporation, a manufacturer and distributor of ductless air conditioning and heating units, as of July 12, 2021. The acquisition expands Ouellet's reach into the U.S. and Latin America.
Reedy Industries acquired Capstone Mechanical of Waco, Texas, expanding its HVAC, plumbing, and building controls services in the Texas region.
The SEER Group LLC acquired a majority stake in Western Heating & Air Conditioning, its fifteenth acquisition and first in the Boise, Idaho market.
GEON Performance Solutions is adding a new wire and cable flexible line and converting an existing line to PVC compounding at its Dyersburg, Tennessee facility, adding 120 million lbs of capacity. The new line is expected to be operational by end of July 2021, and the conversion by year-end.