Quikrete Holdings will acquire all outstanding shares of Forterra, a water and drainage infrastructure pipe manufacturer, for $24.00 per share in an all-cash transaction valued at approximately $2.74 billion including debt.
The Goodyear Tire & Rubber Company announced it will acquire Cooper Tire & Rubber Company in a transaction with a total enterprise value of approximately $2.5 billion, combining two complementary brand portfolios.
Lucid Motors announced a definitive merger agreement with Churchill Capital Corp IV (CCIV) at a transaction equity value of $11.75 billion, providing Lucid with approximately $4.4 billion in cash to fund production of the Lucid Air luxury EV and expansion.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
Trendsetter Engineering of Houston has been awarded a contract by LLOG Exploration Offshore for a subsea manifold and TCS connection systems for the Spruance and Dome Patrol subsea developments, with delivery slated for Q2 2021. Production valves will be sourced from Advanced Technology Valve in Colico, Italy.
Mill Rock Packaging Partners, backed by Mill Rock Capital, has acquired All Packaging Company, a custom paperboard packaging manufacturer with facilities in Utah and Colorado. Terms were not disclosed.
Copley Equity Partners has made a growth investment into AeroMed Group to facilitate its acquisition of etaGLOBAL, a distributor of fasteners and other class-c parts to the aerospace and defense sectors. Terms were not disclosed.
Trèves Group, a global leader in acoustic and thermal insulation for automotive, has completed the acquisition of CTA Acoustics, a U.S.-based manufacturer of acoustical and thermal insulation materials and parts for the automotive industry. The deal advances Trèves' strategy to reinforce its presence in North America.
Trucent Renewable Chemicals (TRC) will invest more than $10 million in a new processing facility in Van Wert, Ohio, creating at least 21 new jobs. The facility will process vegetable oils into renewable oleo-chemicals and is expected to start up in early spring 2021.
Exergen Corporation announced that a new 58,000 square foot manufacturing plant in Methuen, Massachusetts is now online, increasing manufacturing capacity more than fourfold for its Temporal Artery Thermometer product lines.
AM/NS Calvert, a joint venture between ArcelorMittal and Nippon Steel, broke ground on a new $775 million steelmaking facility in Calvert, Alabama. The facility is expected to come online in H1 2023.
Power management company Eaton will invest $3.6 million to move production from California to its facility in Henrico County, Virginia, creating 80 new jobs through expansion of production capabilities and addition of new lines for electrical component manufacturing.
Centrisys Corporation has secured an order from the City of Manchester, New Hampshire for three THK350 Sewage Sludge Thickeners and upgrades to existing decanter centrifuge control panels for the Solids Train Project. Centrifuge shipment is expected in November 2021.
Spanish company Oliva Torras has acquired 100% of BSI, which designs and makes compressor mounting equipment for refrigerated vehicles and buses near Dallas, Texas. BSI has about 50 employees and annual sales of about 10 million euros; the price was not disclosed.
Ingevity Corporation will add caprolactone polyol production capabilities at its DeRidder, Louisiana facility, increasing global polyol production capacity by 40%, with construction starting summer 2021 and operations by Q1 2022.
Ares Strategic Mining Inc. acquired a Cat R1300G Underground Loader as part of preparations to ramp up operations at its Utah fluorspar mining site, aiming for full-scale production in the coming months.
Fabcon Precast acquired the assets of the Building Services Division from Oldcastle Infrastructure, including the Selkirk, New York facility, to expand its geographic footprint and product portfolio in precast concrete products.
Toyota Motor Manufacturing West Virginia will add 100 jobs for a third shift making 4-cylinder engines for the Rav4 and invest $210 million to upgrade its six-cylinder engine production line at its Buffalo, West Virginia plant.
Toyota Motor Corp is investing $210 million to expand engine production at its Buffalo, West Virginia plant, adding 100 new jobs and boosting capacity by 70,000 engines per year.
Crown Equipment Corporation plans to invest up to $13 million to expand its manufacturing operations in Kinston, North Carolina, creating more than 130 new jobs.
Ranfac Corp. and Endocellutions have formed a joint venture, Cervos Medical, to develop and market next-generation surgical and orthobiologic devices, including bone marrow aspiration devices and PRP systems.
EnviroKlenz has opened a new 50,000-square-foot air purifier production facility in Topeka, Kansas, creating 35 jobs immediately with plans to hire 30 more. The facility produces the EnviroKlenz Mobile Air System Plus and Mobile Air System.
ArcelorMittal announced a $775 million expansion at the AM/NS Calvert steel mill near Mobile, Alabama, adding an electric arc furnace expected to come online in H1 2023 and create 200 direct and 100 indirect jobs.
Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, acquired IRP Group, a designer and manufacturer of elastomeric sealing components for medical and aerospace markets.
Raytheon Co. received a $74,238,334 firm-fixed-price contract to provide 23.4 APY-10 radar system production kits and support for the P-8A Poseidon aircraft for the US Navy and Foreign Military Sales customers.
Industrial Magnetics, Inc. acquired substantially all assets of Walker Magnetics Group, Inc., North America's oldest industrial magnet manufacturer, based in Worcester, Massachusetts.
Alro Steel announced the completion of a warehouse expansion and office remodel at its Toledo facility, increasing the structure to 123,000 square feet, adding metal processing capabilities and doubling sheet product storage capacity.
CPI Aerostructures announced a decision to expand its manufacturing operations on Long Island, investing over $5.7 million in equipment and facility improvements, retaining existing jobs and adding 85 new full-time jobs over five years, supported by up to $3.75 million from Empire State Development.
Ingersoll Rand announced a five-year collaboration with Google Cloud to consolidate IoT device management across its 40+ brands into a single cloud-based architecture, aiming to enhance connectivity and customer service.
Caltrol Inc. and Spartan Controls Ltd. announced the launch of their joint venture Spartech Pacific, headquartered in Las Vegas, Nevada, to provide integrated automation solutions for process industries in Arizona, California, Hawaii and Nevada.
Victaulic has purchased the Waupaca manufacturing plant in Lawrenceville, Pennsylvania, to increase its foundry production capacity by 70% and add approximately 90 new jobs.
StandardAero signed a definitive agreement to acquire Signature Aviation's Engine Repair and Overhaul (ERO) business, which includes five entities and employs around 1,100 people. The transaction is expected to close mid-2021.
BAE Systems received a $247 million contract from the U.S. Space Force to design and manufacture advanced military GPS receivers and next-generation semiconductors at its under-construction facility in Cedar Rapids, Iowa.
Retractable Technologies received a $54.2 million contract from the U.S. HHS for its syringes, covering a five-month period from Feb. 15, 2021 to July 14, 2021.
Revolution acquired Jadcore, LLC, a Terre Haute, Indiana-based manufacturer of post-industrial recycled resin and plastic products.
AEye, a LiDAR solutions company, will merge with CF Finance Acquisition Corp. III, valuing AEye at a pro-forma enterprise value of $2.0 billion.
JNS-SmithChem acquired CheMarCo Inc., a specialty regional distributor based in Greenville, SC.
Revolution Sustainable Solutions acquired Jadcore, LLC, a sustainable plastics manufacturer, to expand closed-loop capabilities and Midwest presence.
Fecon LLC, a portfolio company of LFM Capital, has acquired Vermeer Forestry Mulching Products, a manufacturer of tree-care, agricultural, underground construction, surface mining and environmental equipment. Terms were not disclosed.
Komatsu Mining is constructing a 430,000-square-foot factory and a 176,000-square-foot office building in Milwaukee's Harbor District, with a railroad spur to serve the plant. The $285 million project is being built by Hunzinger Construction.
Centrisys Corporation secured an order from the City of Manchester, New Hampshire, to provide three THK350 Sewage Sludge Thickeners and control panel upgrades for the Solids Train Project. Shipment is expected in November 2021.
T. Marzetti Co. increased the plans for its Horse Cave, Kentucky operation, raising the expansion's planned full-time jobs from 140 to 220. The investment is now $133 million, up from $93 million.
Shawmut Corporation created a Health & Safety business unit and retrofitted about 70,000 square feet at its West Bridgewater, Massachusetts facility to make isolation gowns and N95 respirators. It also installed new assembly lines and automated production systems.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
Moog will invest $10.7 million to move existing jobs and equipment from Blacksburg to a larger building in Falling Branch Corporate Park in Montgomery County, Virginia, adding 80,000 square feet and 75 new jobs.
The Naval Surface Warfare Center awarded Collins Aerospace a seven-year, $64 million IDIQ contract to provide composite sonar domes for surface combat ships for the U.S. Navy and Allied forces. Work will be performed by the Naval Programs group of the Aerostructures business unit.
Integrated Fiber Solutions announced a $30.2 million expansion of its plant in Rome, Georgia, over the next five years. The expansion will increase capacity for synthetic fibers used in flooring.
Gamber-Johnson, a supplier of rugged mounting systems, acquired Premier Mounts, a leader in audiovisual mounting solutions. Premier Mounts will become a Gamber-Johnson brand, with manufacturing in Central Wisconsin.
Essex Industries, a supplier to the Aerospace and Defense market, acquired Stevens Manufacturing, a precision machined parts company in Milford, Connecticut. The acquisition expands Essex's product portfolio and Northeast service.
Huntington Ingalls Industries – Newport News Shipbuilding awarded a contract to Timken's Philadelphia Gear to supply main reduction gears for the future USS Doris Miller (CVN-81) aircraft carrier. The contract is valued at over $100 million, with delivery scheduled for 2025-2026.