Atlantic Diving Supply (ADS Inc.) was awarded a five-year, $100 million contract by the Defense Logistics Agency to deliver patient monitoring technology and training support to military and federal customers.
Amec Foster Wheeler was awarded a $48.4 million design-build contract by the U.S. Army Corps of Engineers to upgrade the water treatment plant at the Bunker Hill Superfund site near Kellogg, Idaho. The work includes expanding the Central Treatment Plant and constructing a slurry wall and groundwater collection system.
Custom Dredge Works Inc. is undertaking a $3.5 million expansion at its Topeka, Kansas facility, which will add 17 full-time positions to its current workforce of about 100. The expansion is driven by growing demand for its dredges used in mining and marine construction.
Metalsa Structural Products Inc., a subsidiary of Grupo Proeza, plans to invest $39.1 million to expand its Hopkinsville, Kentucky facility, adding two new manufacturing lines and creating 97 jobs. The expansion is expected to be completed by October 2022.
Loews Corporation has agreed to sell a 47 percent stake in Altium Packaging to GIC, the Singapore sovereign wealth fund.
Loews Corporation signed a definitive agreement to sell a 47% interest in Altium Packaging, a North American rigid plastic packaging and recycled resin company, to Singapore's sovereign wealth fund GIC, with closing expected within 30 days.
The United Kingdom placed its first order for Lockheed Martin AGM-179 Joint Air-to-Ground Missiles through US Foreign Military Sales. The contract valued at $201.75 million was announced on 11 March 2021, with work to be completed by 31 December 2023.
Bentley Systems has entered into a definitive agreement to acquire Seequent, a leader in 3D modeling software for geosciences, for $900 million in cash plus 3,141,361 BSY Class B shares (total ~$1.05 billion). The announcement was made on March 11, 2021.
LafargeHolcim has signed an agreement to acquire Firestone Building Products (FSBP) from Bridgestone Americas for $3.4 billion. FSBP is a leader in commercial roofing and building envelope solutions with 2020 estimated net sales of $1.8 billion. The transaction is expected to close in the second quarter of 2021.
UACJ Automotive Whitehall Industries will take over a former Walgreen's distribution center in Flagstaff, Arizona, for a new plant manufacturing parts for electric vehicles. The company plans to invest up to $60 million and create 120 jobs in the first year, with 350 jobs within five years.
Smith-Midland Corporation's Concrete Safety Systems division signed a $2.25 million contract with Hampton Roads Connector Partners to supply precast concrete highway safety barriers for the I-64 Hampton Roads Bridge-Tunnel expansion project in Virginia.
Scholle IPN, a global supplier of flexible packaging solutions, has completed the purchase of Bossar, a supplier of flexible horizontal form-fill-seal packaging equipment. The acquisition combines the capabilities of both companies to provide integrated sustainable packaging solutions.
Smith-Midland Corporation's Concrete Safety Systems division signed a contract worth over $2.25 million with Hampton Roads Connector Partners for the I-64 Hampton Roads Bridge-Tunnel expansion project. The contract includes rental of MASH-compliant J-J Hooks precast concrete barriers.
Arxada, a specialty chemicals business owned by Bain Capital and Cinven, and Troy Corporation have entered into an agreement to combine the two companies, creating a global microbial control solutions provider.
Komatsu signed an agreement to sell its US and Australian-based conveying businesses to Stellex Capital, including stock of Joy Global Conveyors Inc. and assets in Winfield, AL and Somersby, NSW. The new entity will be called Continental Global Material Handling LLC.
NTN Corporation was awarded business to provide rear halfshafts for 100% of MY2021 Cadillac Escalades from General Motors, with mass production starting in summer 2020.
Hillenbrand completed the sale of Abel Pumps, L.P. and affiliates to IDEX Corporation, generating cash proceeds of about $103.5 million. The agreement was originally announced on January 11, 2021.
Jabil is investing $25 million in its subsidiary Ecologic's Manteca, California location to expand paper bottle and pulp molding production, adding new equipment and automation for North American and European markets.
310 Tempering has opened a new 85,000 square-foot production facility in Westminster, Maryland, expanding eastward from its Louisville, Kentucky base. The facility focuses on heavy glass fabrication for commercial and residential applications and is expected to reach full production by May 1, 2021, creating 80 new jobs by 2025.
Momentum Manufacturing Group announced a $12 million investment in a new aluminum extrusion press line at its Franklin, New Hampshire facility, expected to double extrusion output to 55 million pounds. The press line is expected to be operational in December 2021.
Cook Medical Group and Goodwill of Central & Southern Indiana plan to build a $15 million, 40,000-square-foot medical device manufacturing plant on the northeast side of Indianapolis, creating 100 jobs. Construction is expected to begin in March 2021.
Otsego Crane & Hoist Company, a distributor, designer, fabricator, and service provider of overhead material handling equipment, was acquired by two individual investors based in Grand Rapids, Michigan.
Norwood Medical has been approved for tax breaks to construct a new 33,120-square-foot manufacturing facility and a 42,750-square-foot warehouse in Dayton, Ohio. The company will invest at least $2.8 million and create at least 30 new jobs.
Mno-DREK, LLC, a holding company formed by Mno-Bmadsen and DREK Holdings, has acquired Walerko Tool & Engineering Corporation of Elkhart, Indiana. Walerko provides CNC machining, castings, and other services to aerospace, construction, and other industries.
Bondex will expand its manufacturing capacity with a new needlepunch nonwovens line at its headquarters in Trenton, SC. The line, supplied by DiloGroup, is expected to be fully commercial in Q4 2021.
H.S. Crocker invested in a Fusion C flexographic printing press from Paper Converting Machine Co. (PCMC) for its Huntley, Illinois location. The 42-inch, 10-color press with two additional downstream print stations will be installed later in 2021.
Honeywell signed an agreement to acquire a majority stake in Fiplex Communications, a Miami-based developer of in-building communications systems including bi-directional amplifiers. The acquisition expands Honeywell's public safety wireless communications portfolio for buildings.
Honeywell secured a $476 million indefinite-delivery, indefinite-quantity (IDIQ) contract from the US Army to produce T55-GA-714A engines and spares for the CH-47 Chinook fleet. The contract runs until 2024.
Conveyor Concepts of Michigan is investing $1,303,837 to expand its existing facility in the Midway Industrial Park in Coopersville, Michigan.
Inovytec announced a distribution agreement with ADS Inc. to supply the Ventway Sparrow Robust tactical ventilator to the U.S. Department of Defense and other federal agencies.
AerCap Holdings N.V. has entered into a definitive agreement to acquire 100% of GE Capital Aviation Services from General Electric, creating a combined company with over 2,000 aircraft.
Mortenson has announced an agreement with Built Robotics to expand deployments of fully autonomous construction equipment on renewable energy projects.
Link Manufacturing has finalized an agreement to acquire the valve and suspension control product lines and related assets from Hadley Products, including the SmartValve Electronic Height Control System and Smart Air Management System.
Webster Industries, an employee-owned manufacturer of conveyor chains and vibrating conveyors, has acquired Action Equipment Co., a maker of vibratory process equipment. Action will continue to operate under its own brand.
EnWave signed a royalty-bearing commercial license with a leading Illinois-based cannabis company to use its REV dehydration technology, and received an order for a 120kW REV machine and a 10kW unit.
Novaria Group acquired The Young Engineers (TYE), a designer and manufacturer of aircraft and aerospace fasteners and inserts. Terms were not disclosed. TYE operations will continue at its Southern California facility.
Mueller Systems was selected by Calaveras County Water District to deploy an advanced metering infrastructure (AMI) network covering 1,000 square miles with 13,000 AMI endpoints. Deployment begins in early Spring 2021 and is expected to be completed by end of 2021.
Private equity firm Tinicum L.P. agreed to acquire a controlling interest in Watlow Electric Manufacturing Co., a designer and maker of industrial thermal systems technology. Financial terms were not disclosed.
Tiffin Metal Products announced a 74,000 square foot expansion of its manufacturing facility in Tiffin, Ohio to accommodate growth in its material handling division.
Tiffin Metal Products sold its Outdoor Advertising Products Division to Formetco, Inc. The deal closed on March 8, 2021, and production will transfer to Formetco.
KIRCHHOFF Automotive, a German automotive supplier, will invest $15 million to set up a 101,000-square-foot factory in Lawrenceville, Georgia, creating 73 jobs. The facility will assemble metal components for customers like BMW and Mercedes-Benz.
Paper Converting Machine Company (PCMC) sold a 42-inch, 10-color Fusion C flexographic printing press to H.S. Crocker for its Huntley, Illinois location. The press will be delivered later in 2021.
Link Mfg has acquired valve and suspension control product lines, related technology and key staff from Hadley Products Corp, including the SmartValve height control system and Smart Air Management System. The deal was announced on March 9, 2021.
Environmental Tectonics Corporation's Sterilization Systems Group was awarded multiple contracts from domestic customers totaling $3.1 million. The contracts include two six-pallet vacuum degassing chambers, seven EO Control System Upgrades, mechanical upgrades, and additional environmental monitoring control systems.
Standard Motor Products, Inc. acquired certain assets and liabilities of the particulate matter sensor business of Stoneridge, Inc. The business has manufacturing lines in Lexington, OH, and Tallin, Estonia, and generates approximately $12-14 million in annual revenue. SMP will relocate all production to existing SMP locations.
Inhance Technologies has expanded its St. Louis facility to 75,000 square feet, more than double its previous size, doubling manufacturing capacity and increasing headcount to about 40. The company also moved to a new global headquarters in northwest Houston.
HDT Global has acquired the business assets of Terra Group Corporation, manufacturer of TECWAR water purification, storage and distribution systems. The product line will transition to HDT's Florence, Kentucky facility.
Huron Capital Partners has acquired Ace Asphalt of Arizona Inc. and plans to merge it with its portfolio company Sunland Asphalt & Construction Inc. The combined company will operate under the Sunland brand, expanding Sunland's presence into Texas and Oklahoma.
Amsted Industries is combining its Means Industries and Burgess Norton business units to form the Amsted Automotive Group, focusing on electric and traditional vehicle markets with 16 facilities globally.
TSMC plans to build six 300mm wafer fabs in Arizona with a total investment of $35 billion, tripling the cost of the previously announced project, with monthly capacity reaching 100,000 wafers.