IBC Advanced Alloys Corp. announced new purchase orders totaling approximately $9.7 million from Lockheed Martin to produce two beryllium-aluminum components for the F-35 Lightning II aircraft over 26 months.
Sensor Electronic Technology Inc. (SETi) announced a $55 million expansion of its UV LED manufacturing operation in Columbia, South Carolina, creating 40 new jobs. The expansion is expected to be completed by late 2022.
Alpine Power Systems has expanded its Critical Power Division into the Northwestern U.S. by opening a new 6,000 square foot facility in Arlington, Oregon. The expansion includes new hires and investment in vehicles and equipment.
S-5! is expanding its manufacturing facility in Iowa Park, Texas, by over 20,000 square feet, increasing the total to 63,000 square feet. The expansion is driven by growth in solar and snow retention markets.
Revolution signed a deal to provide NOVA Chemicals with post-consumer resin (LDPE and LLDPE). NOVA will purchase 20 million pounds of PCR from Revolution in the first year, with plans to ramp up significantly in following years, and will begin selling the PCR to its customers in January 2021.
Confluent Medical will locate new operations in Chattanooga, Tennessee, investing $8.3 million to manufacture high-performance medical tubing. The project is expected to create approximately 80 jobs.
Sartorius Stedim Biotech has acquired U.S.-based WaterSep BioSeparations LLC, a developer of hollow-fiber membrane devices for biopharmaceutical applications. The purchase price is approximately $27 million plus an earn-out of up to $9 million based on sales growth by 2023.
Integro Technologies Corp., an industrial automation company, will invest $2.67 million to expand its engineering and development center in Salisbury, North Carolina, adding 30 new jobs over five years. The expansion adds 10,000 square feet of space.
Ardagh Group has purchased a facility in Huron, Ohio, to convert into a beverage can and end plant with three can lines and about 200 jobs. Production is due to begin in late 2021.
Cleveland-based private equity firm CapitalWorks acquired ERL Commercial Marine and its subsidiary Law Valve of Texas in a majority recapitalization. Baird Business Owner Solutions advised ERL on the deal.
Ardagh Group has bought a facility in Huron, Ohio, to convert into a plant making beverage cans and ends, with three can lines and about 200 jobs. Production is due to begin in late 2021.
MilliporeSigma has expedited a $22 million, 25,000-square-foot expansion at its Jaffrey, New Hampshire facility, adding production lines for single-use and filtration products. The expansion responds to surging demand from COVID-19 vaccine and therapy developers.
ND Packaging, a subsidiary of Nine Dragons Paper, is investing over $30 million to renovate and equip a 350,000-square-foot facility in Mount Pleasant, Racine County, Wisconsin, for corrugated box production. The company plans to create 88 jobs and begin production by the end of 2020.
Harvey Performance Company announced the acquisition of Titan USA, a manufacturer of carbide, high-speed steel and cobalt cutting tools based in West Springfield, Massachusetts.
GE Renewable Energy signed an agreement with Veolia to recycle its onshore wind turbine blades in the United States. Veolia will shred the blades at its Missouri plant and use the material in cement manufacturing, replacing coal, sand and clay.
GE Renewable Energy signed a multi-year agreement with Veolia North America to recycle blades removed from US onshore turbines during upgrades and repowering. Veolia will process blades for use as raw material in cement manufacturing.
Joby Aviation signed a long-term agreement with Toray Advanced Composites to supply composite materials for its eVTOL aircraft, to be manufactured at a factory under construction in Marina, California.
Joby Aviation and Toray Advanced Composites announced a long-term supply agreement for carbon fiber to be used in the fuselages of Joby's eVTOL aircraft. Toray has already started supplying prepreg carbon fiber from its U.S. facilities.
TransAlta Corporation acquired a 30% equity interest in EMG International, a wastewater treatment company. The investment is expected to generate US$2-3 million in EBITDA annually.
United States Steel Corporation exercised its call option to acquire the remaining equity of Big River Steel for approximately $774 million. The transaction is expected to close in Q1 2021.
ContourGlobal agreed to acquire a 1.5 GW portfolio of contracted power plants in the US and Trinidad and Tobago from Western Generation Partners for $837 million. The portfolio includes gas-fired and CHP assets.
Saphena Medical announced a sole-supplier contract with Premier Inc.'s ASCEND program for its Venapax endoscopic vessel harvesting system. The agreement covers the endoscopic vessel harvesting category.
US Med-Equip has partnered with private equity firm Freeman Spogli & Co. to accelerate national expansion. Specific terms were not disclosed.
The Middleby Corporation has acquired Wild Goose Filling, a leader in specialty liquid filling systems and food and beverage packaging equipment based in Louisville, Colorado. Wild Goose Filling generates $35 million in annual revenues.
Toray Advanced Composites has finalized a long-term supply agreement with Joby Aviation to provide carbon fiber composite materials for Joby's electric vertical take-off and landing aircraft. The agreement was announced on December 8, 2020.
Midwest private equity firm May River Capital has acquired Unibloc Pump, an Atlanta-area maker of positive displacement pumps, strainers and valves for sanitary applications. The deal was announced January 7, 2021.
Curtiss-Wright Corporation announced a CEO succession plan in which Lynn M. Bamford, currently president of the defense business, is set to take over.
Nortek Global HVAC announced a $3 million investment to modernize its Dyersburg, Tennessee plant and add a production line for data center air handling units.
Polyethylene Containers Inc. of El Dorado, Arkansas, acquired a 246,000-square-foot former Cooper Standard automotive plant in Los Angeles and is adding a line of 5-gallon pails. The development was reported on December 8, 2020.
Bell Textron Inc., a Textron Inc. company, announced on December 7, 2020, its acquisition of Response Technologies LLC, a composite solutions and fuel cell company based in Coventry, Rhode Island.
Bell, a Textron company, acquired Response Technologies LLC, a startup focused on flexible, 3D, textile-reinforced composite solutions for fuel cells and components.
International Automotive Components Group (IAC Group) will invest $4.6 million to expand its manufacturing operation in Strasburg, Virginia, adding new auto component lines and creating 47 new jobs.
Gordon Technologies LLC has acquired Lodestar International LLC and its subsidiary MaxWell Downhole Technology Limited. Lodestar is a manufacturer and service provider of downhole dynamics-while-drilling measurement tools.
Olympus signed an agreement to acquire Veran Medical Technologies (VMT) through its subsidiary Olympus Corporation of the Americas for up to $340 million. The deal aims to strengthen Olympus' respiratory device portfolio by combining its endoscope technologies with VMT's electromagnetic navigation system for lung cancer diagnosis.
Mercury Systems has signed a definitive agreement to acquire Physical Optics Corporation (POC), a designer and integrator of avionics and mission subsystems for defense, for $310 million in cash. The deal is expected to be funded through cash on hand and Mercury's revolving credit facility.
MilliporeSigma is investing $47 million to expand its Danvers, Massachusetts and Jaffrey, New Hampshire facilities, adding nearly 700 jobs and increasing capacity for single-use and filtration products in 2021 and 2022.
Merck is investing €40 million to expand its Danvers, Massachusetts and Jaffrey, New Hampshire facilities, adding nearly 700 jobs and increasing capacity for single-use and filtration products by end of 2021 and 2022.
P.F. Nonwovens announced a second phase of its expansion project in Hazleton, PA, adding a second new production line, scheduled for completion in 2022.
Arkema, through its Sartomer business, acquired Colorado Photopolymer Solutions, a photopolymer resin formulator for 3D printing, in early December 2020.
Huntsman Corporation agreed to acquire Gabriel Performance Products, a specialty chemical manufacturer, from Audax Private Equity for $250 million in cash, expected to close in Q1 2021.
Verdant Commercial Capital executed a multi-year Vendor Program Agreement with KION North America to provide retail financing for Linde and Baoli forklifts in the United States.
Siemens Energy delivered two SGT-700 gas turbines for a new combined heat and power plant at Tate & Lyle's food ingredient processing facility in Lafayette, Indiana, replacing coal-fired boilers.
MFCP, a Parker Hannifin distributor, acquired Controlled Motion Solutions (COMOSO), Parker's largest tri-technology distributor in the Southwest, with ten locations in California, Arizona and Nevada. The deal was announced on December 7, 2020.
Inland Packaging announced a new third facility near the La Crosse Regional Airport in La Crosse, Wisconsin, bringing new jobs. Full production is planned by May 2021.
Systems Spray-Cooled, of The Systems Group, was selected to supply electric arc furnace Spray-Cooled equipment to Nucor Corporation's new plate mill in Brandenburg, Kentucky.
Eaton is investing over $100 million to increase manufacturing capacity for residential and commercial electrical solutions across North America, including expansions at facilities in El Paso, Texas, Greenwood, South Carolina, and others, plus a new plant for miniature circuit breakers.
Harmax Rollcon sold a custom-designed roll conveying system for a new Fosber corrugator being installed at Green Bay Packaging's new converting facility in Tulsa, Oklahoma.
ASV Holdings Inc., a manufacturer of compact track loaders and skid steers, will increase production capacity by approximately 30% in Q1 2021 at its Grand Rapids, Minnesota facility, creating 28 new jobs.
Zschimmer & Schwarz Interpolymer has partnered with Gulf Coast Chemical to distribute water-based polymer solutions for the coatings, adhesives, sealants and elastomers industry in the Southeastern United States.
Alabama Power selected a Mitsubishi Power 720MW JAC power island with advanced technology for a new unit at its James M. Barry Electric Generating Plant in Mobile County.