PPG Industries announced it would buy coatings manufacturer Ennis-Flint in a deal valued at about $1.15 billion. Ennis-Flint employs about 1,000 people globally and its full-year 2020 revenue is expected to be about $600 million.
General Motors signed a non-binding memorandum of understanding with Nikola Corporation for a global supply agreement to provide GM's Hydrotec fuel cell system for Nikola's Class 7/8 semi-trucks. The MoU replaces the previous transaction announced on September 8, 2020.
Eaton announced major infrastructure investments of more than $100 million to expand manufacturing capacity, modernize production, add a new plant and a new distribution center across North America. The investments target surging demand for intelligent power technologies including circuit breakers, load centers and switchboards.
Smart glass company View Inc. announced a merger agreement with Cantor Fitzgerald-sponsored SPAC CF Finance Acquisition Corp. II, valuing View at US$1.6 billion and providing US$800 million in capital.
The Lion Electric Company announced a merger agreement with SPAC Northern Genesis Acquisition Corp., with a US$200 million private placement, expected to list on NYSE under ticker LEV at a US$1.9 billion valuation.
Dialog Semiconductor announced that AST & Science has selected it to develop four custom mixed-signal and RF ASICs for the SpaceMobile satellite network.
Kaiser Aluminum agreed to acquire the Warrick Rolling Mill, Alcoa Warrick, from Alcoa Corporation for $670 million. The aluminium beverage and food can stock plant is located near Evansville, Indiana, and was announced on December 1, 2020.
Caster Concepts, an Albion-based manufacturer, acquired Aerol, a California company specializing in material handling for defense and aerospace. Caster Concepts will move Aerol's operations to Albion, with the transition expected by end of 2020.
SkyWater Technology completed a 60,000-square-foot expansion at its Bloomington headquarters, adding 12,000 square feet of clean room space for specialty microelectronics production. The $170 million project was funded by the Department of Defense and production is expected to begin in Q4 2021.
Ardagh Group's North American glass business will manufacture all of Parkway Brewing Company's 12oz long-neck glass bottles in the United States under a partnership announced on November 27, 2020.
Etnyre International Ltd. acquired SMF Inc., a heavy metal fabrication and machining company with locations in Minonk, Illinois and Anderson, South Carolina. The acquisition was announced on 2020-11-26.
Fiat Chrysler Automobiles US confirmed a $266 million investment in the Kokomo Transmission Plant in Indiana to increase capacity of the TorqueFlite eight-speed automatic transmission.
SeaTac Packaging has taken delivery of a BOBST EXPERT CI wide-web flexo press, installed at its new Tacoma, Washington facility as part of a multi-million-dollar investment that created new jobs.
Koppers Performance Chemicals acquired a parcel of land next to its existing plant in Rock Hill, SC to build a new wood treatment chemicals production facility. The project aims to increase efficiency, expand workforce, and boost production capacity.
Maddox Defense was awarded a one-year contract by the Defense Logistics Agency to supply 73 million isolation gowns to the U.S. Strategic National Stockpile for COVID-19 response. The contract is worth up to $1.2 billion combined among eight companies.
Cleveland-Cliffs Inc. announced it received early termination of the waiting period from the FTC for its proposed acquisition of substantially all of ArcelorMittal USA LLC and its subsidiaries. The deal is expected to close in December 2020.
Inteva Products will invest $4.6 million in an expansion project at its Gadsden, Alabama plant, expected to be completed in summer 2022 and create 67 jobs over three years.
ADF Group announced two new contracts in the U.S. commercial building sector worth a total of $101 million CAD, for fabrication and installation of steel structures for a commercial building in the Northwest and a government building in the Northeast.
WesTech Engineering, Inc., an employee-owned water treatment solutions provider, has signed a Membership Interest Purchase Agreement to be acquired by JS&S (Water Holdings) Inc., a subsidiary of John Swire & Sons Limited (Swire). Terms are confidential and subject to shareholder approval.
Gestamp will invest $94.7 million to expand operations at its two Chattanooga plants, creating 260 new jobs over five years. The expansion adds capacity for new electric vehicle production and includes retrofitting, weld assembly, and robotics updates.
Piper Aircraft is investing in a new high-pressure hydroform fluid cell press from Quintus Technologies for its Vero Beach, Florida facility. The press can produce up to one million sheet metal parts per year, replacing a 40-year-old ASEA press.
Maddox Defense was awarded a one-year contract by the Defense Logistics Agency to provide disposable gowns for the Strategic National Stockpile. The contract is worth potentially $1.2 billion combined among 8 companies, with Maddox Defense supplying 73 million isolation gowns through January 2021.
INEOS O&P USA agreed to acquire Sasol's ownership of Gemini HDPE LLC. Gemini HDPE amended its Term Loan B to $600 million to fund the acquisition, and INEOS will commit to 100% capacity utilization for 15 years.
PROENERGY has been selected by WattBridge Energy, LLC to provide a turnkey power plant solution for the Braes Bayou Power Station in Texas, including 6 LM6000PC peaking generation units with a total capacity of 288 MW.
AK Industries Inc. is investing $750,000 to install new equipment at its Marshall County, Indiana plant, which produces septic tanks and sump pits for the wastewater industry. The investment will help retain 155 jobs.
Ineos Olefins and Polymers USA has agreed to buy Sasol's 50% stake in the Gemini joint venture for $404 million, taking full ownership. The deal is expected to close by year end. Gemini is a toll manufacturer of bimodal HDPE in Bayport, Texas.
Maroon Group announced an extended, nationwide distribution agreement with Elementis, effective January 1, 2021, to distribute Elementis' rheology modifiers and specialty additives for coatings, adhesives, sealants, graphic arts, and construction in the United States.
Paramit Corporation has acquired Emphysys, Inc., a technology development firm specializing in complex systems for medical device, life sciences, and industrial equipment industries. Emphysys is based near Boston, Massachusetts.
Mercury Plastics Inc. is expanding to the East Coast through the acquisition of Maryland Thermoform.
Electrolux's three-year, $300 million revamp of its Anderson, South Carolina refrigeration facilities is expected to be fully operational by mid-2021, with all four production lines running and annual yield reaching about 2 million units.
TransDigm Group entered a definitive agreement to acquire Cobham Aero Connectivity for approximately $965 million in cash. CAC, headquartered in Marlow, UK, supplies antennas and radios for aerospace and is expected to generate $225 million in revenue in 2020.
HomTex Inc. received $10.6 million in CARES Act funds to expand operations to Selma, Alabama, to manufacture surgical masks and N95 masks, creating 300-325 new jobs.
Huntington Ingalls Industries' Newport News Shipbuilding division received a $2.2 billion contract modification from General Dynamics Electric Boat to design and construct six module sections for the first two Columbia-class submarines.
Northrop Grumman received a 10-year, $185.7M IDIQ contract from the U.S. Air Force to provide engineering services for the A-10 aircraft fleet under the Aircraft Structural Integrity Program Legacy VII effort.
Aspen Surgical Products, Inc. acquired Protek Medical Products Inc., a manufacturer of single-use ultrasonic probe covers and needle guides based in Coralville, Iowa. The acquisition strengthens Aspen's portfolio of patient and staff safety products.
Tricor Metals has been awarded a contract to build the second-phase prototype and final flight titanium-alloy support structure for NASA's Solar Probe Plus spacecraft. The company also built the first-stage prototype.
Baxter International announced a $50 million expansion of its sterile fill/finish manufacturing facilities in Bloomington, Indiana. The project includes a new warehouse, filling lines, and is expected to create about 100 jobs, with construction underway and completion expected in 2021.
INEOS Olefins and Polymers USA agreed to acquire Sasol Chemicals North America LLC's 50% equity stake in Gemini HDPE LLC for $404 million, making INEOS the sole owner of the plant in La Porte, Texas. The acquisition is expected to close on December 31, 2020.
FiberVisions is investing $48 million to expand its polyolefin fiber manufacturing in Covington, Newton County, Georgia, adding 21 jobs with completion expected in the first half of 2021.
L-3 Communications Vertex Aerospace LLC has been awarded a $65.6 million firm-fixed-price contract for contractor operated and maintained base supply of the Air Education and Training Command fleet of 178 T-1A Trainer aircraft. Work is expected to be completed by November 30, 2021.
Exotic Metals Forming Company, a subsidiary of Parker, completed a new building at its Airway Heights, Washington campus in fall 2020, increasing manufacturing space.
Cummins Turbo Technologies announced an $11 million plant expansion at its existing facility in North Charleston, South Carolina, doubling assembly capacity and increasing machining capacity, creating 100 new jobs.
Comtech Telecommunications Corp. was awarded a contract valued up to $175.1 million to design, deploy, and operate Next Generation 9-1-1 services for the Commonwealth of Pennsylvania.
Hill-Rom Holdings Inc secured a $48 million contract from the U.S. Department of Defense to provide medical equipment and accessories.
De'Longhi has reached a definitive agreement to acquire Capital Brands Holdings Inc., owner of the Nutribullet and Magic Bullet brands, from affiliates of Centre Lane Partners. Capital Brands forecasts net revenues of approximately $290 million for 2020.
Battelle has made a $1 million capital investment to establish an R&D-scale, high-temperature composite development laboratory focused on improving performance and manufacturability for advanced thermal protection systems.
Symrise AG signed a purchase agreement to acquire the fragrance and aroma chemicals business of Sensient Technologies Corporation for an undisclosed amount. The unit generated €77 million in 2019.
Spirit AeroSystems plans to draw up to $30 million from a 2016 industrial revenue bond agreement with the city of Wichita, Kansas. The bonds are part of a $280 million pool approved over five years.
American Carton Co., a folding carton maker in Texas affiliated with Harris Packaging, expanded its folding carton print capacity. The article gives no capacity figures or dates for the expansion.
Sumitomo Electric Industries was awarded a contract by Southeast Alaska Power Agency to remove an existing 138kV OF cable and install a 69kV XLPE submarine cable for the Stikine Crossing project near Wrangell, Alaska.