Sappi will invest about $418 million to convert the No. 2 paper machine at its Somerset Mill in Skowhegan, Maine to produce solid bleached sulphate board, nearly doubling machine capacity to 470,000 tons per year by early 2025.
WestRock agreed to divest its ownership interest in RTS Packaging to joint venture partner Sonoco for $330 million, and to sell its Eaton, Indiana and Aurora, Illinois uncoated recycled paperboard mills to Ox Industries for $50 million. Closing is expected in the first half of 2023.
WestRock agreed to sell its uncoated recycled paperboard mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million, with closing expected in late 2022 or early 2023.
Flow Beverage Corp. agreed to sell its Verona, Virginia production facility to sports drink maker BioSteel for a deal valued at $19.5 million, with BioSteel becoming a co-packing partner.
Greif agreed to buy Lee Container Corporation, a North American blow-molded jerrycan maker with three US plants, for $300 million in cash. Closing is expected by the end of 2022, subject to regulatory clearances.
Sonoco agreed to buy WestRock's remaining equity in the RTS Packaging joint venture, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash. About 1,100 employees will join Sonoco; closing is expected in the first half of 2023.
APO Pumps & Compressors, an Ohio compressed air and pump sales and service firm, acquired PAPSCO, an Ohio-based distributor of filtration and separation equipment for process fluids and water treatment. The deal was advised by Copper Run.
Rheem announced a $20 million expansion of its Fort Smith plant, adding 100 jobs and production capacity, along with a training and innovation center.
GEA began construction of a 85,000 square foot repair, logistics, assembly, production and training facility in Janesville, Wisconsin. The investment is about USD 20 million, over 70 jobs are expected, and opening is scheduled for late 2023.
Dresser Utility Solutions, a maker of metering, instrumentation and flow control products, has acquired the assets of Total Piping Solutions in Olean. The article is truncated and gives no deal value.
American Canning signed a supply agreement with Ball Corp. as an official distributor of blank and printed aluminum beverage cans, giving it steadier supply and lower minimum order quantities for printed cans. The agreement was announced on November 2, 2022.
Austin, Texas-based American Canning signed a supply agreement with Ball Corp as an official distributor of blank and printed brite cans. The deal lowers the printed can minimum order to one truckload per SKU.
Marotta Controls has upgraded its motor operated pilot valve used in aqueous film-forming foam systems on naval surface ships. The valve now has a 250 PSI pressure rating, meets current Navy requirements and is in production.
Edwards, part of Atlas Copco, is building a new dry vacuum pump factory for semiconductor manufacturers in Genesee County, New York. Phase one is a $127 million project; the total over seven years is $319 million, creating about 600 jobs.
Ox Industries closed its Halltown Mill in Halltown, West Virginia, in November 2022, eliminating about 70 jobs. The mill, the state's oldest continuously operating manufacturing plant, made recycled paperboard.
Kruger Packaging completed construction of its $114 million automated corrugated packaging plant in Elizabethtown, Kentucky, which is starting up and is expected to create nearly 150 jobs.
Wildpack Beverage entered a long-term packaging supply and manufacturing agreement with EHPlabs, committing to 30 million units in 2023 and 40 million in 2024 from its Las Vegas facility; EHPlabs CEO also takes a private placement stake and a board seat.
Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Motion & Control Enterprises (MCE) acquired Nightwine Valves & Actuation, a Cleveland, Ohio distributor of flow control products such as valves, actuators and regulators serving Ohio, Pennsylvania and Kentucky. The deal was announced on November 1, 2022.
Lancaster-based private equity firm Peak Capital acquired Penn Pump & Equipment, a Hatfield manufacturer and distributor of plumbing and HVAC pumping products, as reported on October 31, 2022.
Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.
Triumph Group's Actuation Products & Services business was awarded a Lockheed Martin agreement to manufacture the brake valve assembly for the F-16 Fighting Falcon, to be produced at its Valencia, California facility, announced 27 October 2022.
HVA expanded its factory with additional staff, a new warehouse and new machinery including a Mazak milling line, almost doubling its milling capacity. The article is undated and the date shown is the article date.
Atlas Copco Compressors has acquired the operating assets of Compressed Air Products, Inc. (CAP), a longtime distributor based in Newnan, Georgia, which will become a direct branch. Twenty people will join Atlas Copco; the price was not disclosed.
Atlas Holdings has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation, in the United States.
Hood Container Corporation, a subsidiary of Hood Companies, acquired Kentwood Packaging Corporation, a Grand Rapids-area packaging company, with PMCF acting as exclusive financial advisor to the seller.
Bocar Group opened a new plant in Huntsville, Alabama, its first in the U.S., with a $176 million investment in land and construction, 323,000 sq ft of production space and 420 employees expected by end of 2022.
Atlas Holdings completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation in Washington and Western Canada. Terms were not disclosed.
Airxcel broke ground on a 125,000-square-foot expansion of its Maxxair and Coleman-Mach facility in Wichita, Kansas, to centralize RV air conditioner production and warehousing. Phase 2 office expansion is set to begin in 2023.
Flowserve has been awarded a contract to supply vertical turbine pumps to McMillen Jacobs Associates for the West Kauai Energy Project, a renewable energy and irrigation project on Kauai, Hawaii.
Novelis has started construction of a $2.5bn aluminium recycling and rolling facility in Bay Minette, Alabama, which is scheduled for commissioning in mid-2025 and will initially process 600,000t of finished aluminium a year. The company expects to create up to 1,000 jobs.
Fluid Controls and Components has been awarded a $4.6 million contract from Bechtel to design and fabricate cryogenic and pressure relief valves for Mobile Launcher 2 in NASA's Artemis program.
Richland-based Fluid Controls and Components is supplying 108,000 pounds of frit for nonradioactive commissioning of the Low Activity Waste Facility in Eastern Washington.
WestRock will permanently close its corrugated medium operations at its St. Paul, Minnesota facility in the United States.
IPACKCHEM, backed by SK Capital, acquired a majority stake in TPG Plastics from Beaconhouse Capital Management. IPACKCHEM plans to support TPG's expansion and bring its in-mould fluorination technology to North America.
FloWorks International LLC, a specialty flow control distribution platform backed by Clearlake Capital, acquired Flotech, Inc., a distributor and servicer of industrial valves with locations in Florida, South Carolina and Alabama. The deal was reported on October 5, 2022.
Baker Hughes announced an agreement to acquire Quest Integrity, a subsidiary of Team Inc., a provider of technology-enabled asset inspection and reliability management for pipeline, refining, petrochemical and power generation sectors. The announcement was made on October 5, 2022.
ORBIS Corporation broke ground on an expansion of its Urbana, Ohio manufacturing plant, adding 30% more space and more presses and tools for reusable totes, bulk containers and pallets. The expansion targets completion in Q2 2023 and plans 40-50 additional jobs over three years.
Atlas Copco acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico, adding 19 employees to its Compressor Technique service division. The purchase price was not disclosed.
Novvia Group, backed by Kelso & Company, acquired Rios Containers, a Santa Fe Springs, California distributor of plastic and metal bottles, cans and drums. Financial terms were not disclosed.
Pratt Industries opened a new advanced corrugated box manufacturing plant in Park City, Kansas, a $200 million investment creating 58 new jobs in Sedgwick County, with about 300 full-time jobs cited for the facility.
Munters relocated operations from Buena Vista, Virginia to a new 34,000 m2 factory in Daleville, Virginia with twice the manufacturing capacity and more than 150 new jobs, its largest plant in the Americas.
SupplyOne, Inc. acquired Provident Packaging Corporation, a Philadelphia-based distributor of industrial packaging supplies, expanding its Northeast footprint and offering custom manufacturing and packaging equipment.
RP Masiello began a design/build project for Unified2 Global Packaging in Sutton, Massachusetts, comprising two steel-frame warehouse and manufacturing buildings totaling 1 million square feet with 160 loading docks.
Spirax-Sarco announced on September 28, 2022 the acquisition of Durex International Corporation, a privately owned US specialist in custom electric thermal solutions for ultra-high criticality industrial equipment.
Holland Pump Company completed the acquisitions of Sander Power Equipment in Trevose, PA and Pump & Power Equipment Corp. in Jessup, MD, adding three branches for pump rental and dewatering services in the Mid-Atlantic region.
Bosch Rexroth intends to invest in its mobile hydraulics site in Fountain Inn, South Carolina, to develop electrification of mobile machinery and related software. No investment amount was disclosed.
R.W. Mercer Co. and Pump & Meter Service, Inc. signed an agreement to become wholly-owned subsidiaries of a new holding company owned by their shareholders Kurt Radermacher and Andy Mercer. The companies will keep operating independently, with closing expected in Q4 2022. Both serve the petroleum and construction industries.
Kruger Packaging has completed construction of its 400,000-plus square foot Elizabethtown plant in Kentucky, costing $114 million, and started producing corrugated paper.
Corrugated packaging converter Carlisle Container Company is acquiring an EFI Nozomi 14000 LED single-pass inkjet corrugated press from Electronics For Imaging, to be installed in a facility adjacent to its main plant opening in early 2023 near Carlisle, Pennsylvania.