AAR and Fortress Transportation and Infrastructure Investors (FTAI) have announced an exclusive seven-year partnership to create Serviceable Engine Products, providing CFM56 used serviceable material to the global aviation aftermarket. AAR will manage teardown, repair, marketing and sales from FTAI's pool of over 200 engines.
PFNonwovens is investing over $70 million to expand its manufacturing facility in Humboldt Industrial Park, Pennsylvania, creating 60 new jobs. Phase 1 is underway with completion planned for mid-2021, and Phase 2 will add a second production line by 2022.
Frequency Electronics, Inc. has been awarded a contract valued at approximately $5.2 million for precision Voltage Controlled Quartz Crystal Oscillators (VCXO) for US Government satellites. This is a follow-on to a contract awarded in September 2019.
Motion Dynamics LLC, a portfolio company of Vance Street Capital, has acquired ViaMed Holdings LLC, a manufacturer of custom micro precision components for the medical device industry. Terms were not disclosed.
Alabama Power has selected a Mitsubishi Power JAC power island for a new 720 MW combined cycle unit at its James M. Barry Electric Generating Plant in Mobile County, Alabama. Mitsubishi Power will install the turnkey solution with Black & Veatch.
GRYB International has acquired Two Harbors Machine Shop (THMS) and the Serco loaders line from the Coolidge and Searson families, effective December 1, 2020. The acquisition strengthens GRYB's presence in the USA and expands its product line in mining, forestry, and material handling.
Aehr Test Systems received a $4.3 million order from a new customer, a sensor supplier to a major mobile device manufacturer, for a FOX-XP production test and burn-in system, DiePak Carriers, and an automated loader. Initial shipment is expected in fiscal Q3 2021.
Protech Group has reached an agreement to acquire the industrial coatings business of Winslow Browning Inc., including its manufacturing site in Liberty, Indiana. The acquisition is expected to close on December 4, 2020.
Custom packaging manufacturer Spartech has acquired Tufpak, a New Hampshire-based manufacturer of engineered plastic films for medical and biohazard applications, for an undisclosed amount.
Nesco Holdings announced a definitive agreement to acquire Custom Truck One Source for $1.475 billion. Platinum Equity will invest over $850 million in Nesco, and the combined company will be a leading provider of specialty rental equipment for infrastructure end-markets.
Private investment firm Graham Partners acquired Berry Global's North American extrusion, converting and coating business. It will combine with Graham's Advanced Barrier Extrusions (ABX) and operate under the ABX name.
Envases Group announced plans for its first aluminum can production and distribution center in Waco, Texas, with 120 jobs and over $100 million in capital investment. Opening is projected for late 2021.
Cleveland private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories (ERL) of New Albany, Indiana, and its subsidiary Law Valve of Texas. ERL makes pumping, gauging and venting equipment for tank barges.
Quincy Compressor acquired Scales Industrial Technologies, based in Carle Place, New York, which operates five locations in NY, NJ, PA, CT and MA. The deal was announced on April 14, 2016.
New River Polymers plans to expand its facility in Carroll County Industrial Park by roughly twice its size and add approximately 50 new employees over the next four years, driven by demand for recycled plastic resin from face mask and medical gown scrap.
First Brands Group acquired Centric Parts, including its Centric, C-TEK, Posi Quiet, and StopTech product lines. The acquisition is effective immediately.
Rolar Products plans a building expansion of 20,000 to 40,000 square feet costing between $1.2 million and $2.5 million in Muskegon Heights, Michigan, to support a new automotive parts contract. The company expects to hire 16 new employees.
Fitesa plans to invest about $100 million at its Simpsonville, South Carolina facility to expand into the surgical mask and respirator filter market. The investment is expected to create at least 40 jobs.
The Pensacola City Council approved an amended construction contract with Brasfield and Gorrie for Hangar 2 at the ST Engineering campus, increasing the cost from $45.6 million to $51.6 million. The overall $210 million Project Titan complex is expected to bring 1,325 jobs.
LyondellBasell and Sasol closed their 50/50 joint venture in Lake Charles, Louisiana, including a 1.5 MM ton ethane cracker and polyethylene plants. LyondellBasell will operate the assets and market the products.
Intertape Polymer Group announced it will expand its manufacturing operation in Pittsylvania County, Virginia, adding 30,000 sq ft and increasing production for e-retail packaging, coatings, and films.
Tamarack Aerospace Group announced the opening of its Tamarack East Coast Transformation Center at Aiken Regional Airport in South Carolina, offering installation of ATLAS Active Winglets.
Arjo announced the acquisition of AirPal, a US-based company specializing in Air-Assisted Lateral Patient Transfer solutions, to strengthen its Patient Handling portfolio in the US market.
The City of Newport Beach, California selected Mueller Water Products to deploy 26,500 advanced metering units.
Plastic packaging provider Comar is developing a new manufacturing facility of about 159,000 square feet in Vineland, New Jersey, to expand capacity from its Buena site. Groundbreaking took place in November 2020 with completion expected in March 2021.
Dallas private equity firm Crossplane Capital completed the acquisition of Griffin Dewatering, a Houston-based groundwater control and dewatering services provider with 11 US locations. The deal was announced on 2 December 2020.
Belmont Medical Technologies won a five-year IDIQ contract from the U.S. Defense Logistics Agency for its rapid blood infuser product line, with a potential maximum value of up to $133,570,787.
Norfolk Southern Corporation ordered five Konecranes hybrid RTGs: two for Landers Yard in Chicago and three for Inman Yard in Atlanta. The order was booked in December 2020, with delivery in December 2021.
Cytiva opened a new 80,000 ft² manufacturing facility in Shrewsbury, Massachusetts, USA in December 2020 for producing Xcellerex XDR bioreactors. The facility is part of a $500 million five-year global expansion plan and will create approximately 200 jobs.
Hanwha Solutions signed a deal to acquire a 100-percent stake in Cimarron Composites, a U.S.-based high-pressure tank manufacturer. Hanwha Solutions plans to invest at least USD 100 million in Cimarron Composites by 2025, including expansion of production facilities. The acquisition is expected to complete by April 2021.
J inTech America, a supplier of interior automobile parts, announced plans to invest nearly $4.5 million in opening its first U.S. advanced manufacturing facility in West Point, Georgia, creating 70 jobs. The announcement was made in December 2020.
Nestlé Purina PetCare Company will invest $550 million to expand its Hartwell, Georgia, pet food manufacturing facility, creating up to 130 jobs. The expansion adds processing, packaging and warehouse capacity.
ACON Investments acquired Novipax, a U.S. market leader in absorbent pads for fresh meat and poultry packaging. Novipax has four manufacturing facilities in Pennsylvania, North Carolina, Mississippi and California.
Kimberly-Clark will invest more than $140 million to expand its Corinth, Mississippi nonwovens facility by over 150,000 square feet, adding 33 jobs and new technology to produce nonwovens components for Huggies, Pull-Ups, Poise and Depend products.
Hyundai TRANSYS will invest more than $240 million to expand its operations in West Point, Georgia, with a new 620,000-square-foot facility to produce eight-speed transmissions, creating 678 jobs.
Pratt & Whitney Military Engines was awarded a $642 million contract by the Naval Air Systems Command for performance-based logistics support of the F-35 Lightning II F135 propulsion system, including maintenance, repair, and field services for the U.S. Air Force, Marine Corps, Navy, and foreign customers.
Wolter Group LLC acquired A D Lift Truck, a family-owned forklift and material handling company serving the St. Louis Metro Area and Southern Illinois. The acquisition expands Wolter's footprint in the Midwest and adds Linde, Baoli, and Doosan forklift lines.
Zimmer Biomet announced the acquisition of A&E Medical, a provider of cardiothoracic surgical products including sternal closure devices, for $250 million in cash, with $150 million paid at closing and $100 million in 2021.
New Water Capital portfolio company Emerald EMS acquired Saline Lectronics Inc. of Saline, Michigan, and Veris Manufacturing of Brea, California, both electronics manufacturing service providers. The acquisitions were announced on December 1, 2020.
Techtronic Industries (TTI) will invest $100 million to expand its operations in Anderson County, South Carolina, including a new 1 million-square-foot manufacturing plant and warehouse, creating 525 jobs.
Plasser American Corporation will invest $52.6 million to expand in Chesapeake, Virginia, adding a 45,000 sq. ft. office building and an 82,000 sq. ft. manufacturing facility, creating 98 new jobs.
Danish company Rose Holm will invest $1.35 million to establish its first U.S. manufacturing facility in Henrico County, Virginia, creating 10 new jobs.
The Chambers Creek Waste Water Treatment Plant in Tacoma, Washington was expanded, increasing capacity from 29 MGD to 44 MGD and nearly doubling land size to 89 acres. Taurus Power & Controls performed the control system design and commissioning.
Amphenol Corporation announced a definitive agreement to acquire MTS Systems Corporation for approximately US$1.7 billion, including the assumption of debt and liabilities.
The Timken Company acquired the assets of Aurora Bearing Company, a manufacturer of rod ends and spherical plain bearings. Aurora's sales are expected to be around $30 million in 2020.
Hyundai Transys announced it will invest more than $240 million to build a new 620,000-square-foot manufacturing facility in West Point, Georgia, creating 678 jobs for transmission production.
Unibloc Pump moved its headquarters and manufacturing to a new Kennesaw, Georgia facility at 1650 Airport Road. The site is three times larger than the previous Marietta building and adds R&D, service and warehouse space.
Ingersoll Rand has agreed to acquire the assets of Tuthill Vacuum and Blower Systems from Tuthill Corp in an all-cash transaction valued at US$184 million.
Transphorm selected Veeco's Propel HVM MOCVD System for high-volume production of GaN-based RF and power electronics epiwafers. The system was purchased under a US DoD Office of Naval Research contract.
Cold Chain Technologies opened a new 255,000-square-foot facility in Lebanon, Tennessee, dedicated to manufacturing thermal packaging solutions for COVID-19 vaccine distribution. The facility includes Koolit refrigerant manufacturing and work cells for KoolTemp EcoFlex.