Roth CH Acquisition I Co. and PureCycle Technologies entered into a definitive merger agreement. The transaction includes $90 million in equity private placements and a $250 million PIPE, with an estimated post-transaction equity value of about $1.2 billion.
Arlington Valley Farms will invest $4.9 million to upgrade equipment and expand its ready-to-eat frozen/packaged food production plant in Hudson, Ohio, creating 97 jobs.
Bouckaert Industrial Textiles (BIT) will install a new double belt press in Q1 2021 and a new carding production line in Q3 2021, doubling its production capacity of polyester acoustical panels each time.
Chaney Enterprises completed the acquisition of GreenRock Materials, a Richmond-based ready-mix concrete company, including all eight concrete plants and three affiliated companies. GreenRock founder Michael Lamb joined Chaney's executive team as vice president of growth and acquisitions.
Braskem announced the successful completion of a $10 million investment towards the expansion of its U.S. Innovation and Technology Center in Pittsburgh, Pennsylvania, adding eight new research and development laboratories.
Schneider Electric announced it has acquired a controlling stake in Operation Technology Inc. (ETAP), a software platform for electrical power systems modeling and simulation.
Gryphon Investors acquired Vessco Holdings, a Minneapolis distributor of flow control, pump and automation equipment, from O2 Investment Partners together with Vessco's management team. Terms were not disclosed.
Duravant has signed a definitive agreement to acquire Cloud Packaging Solutions from its parent Hearthside Food Solutions. Cloud, based in Des Plaines, Illinois, makes high-speed flexible packaging equipment.
Klöckner Pentaplast will expand its production facility in Beaver, West Virginia by adding thermoforming capabilities for sustainable food trays. The investment, worth several million dollars, will create 21 full-time jobs.
Altium Packaging has acquired the assets of SFB Plastics, Inc., a Wichita, Kansas maker of HDPE blow-molded industrial containers. The deal was announced on November 16, 2020.
Channellock Inc. completed a 34,000 square-foot expansion of its Meadville plant, adding production capacity, distribution space and new machinery to address growing demand.
Reiloy USA, part of the Reifenhäuser Group, plans to invest over $20 million in a new manufacturing plant in Maize, Kansas, creating 39 jobs over five years. The new building will be on a 13-acre site near its current headquarters.
Foundation Building Materials, Inc. entered into a definitive agreement to be acquired by an affiliate of American Securities LLC for $19.25 per share in cash, valuing the transaction at approximately $1.37 billion including debt.
ECM Holding Group was awarded a $23 million contract by Johnson Controls to provide energy efficiency retrofits to 6,096 housing units at Fort Bragg, North Carolina, including water heaters, thermostats, toilets, lamps, water meters, weatherization and HVAC services.
SilMan Industries has commenced work for HP Hood on improvements to expand the capabilities of its Sacramento, California plant, including infrastructure renovation and installation of a new packaging line conveyance system.
Colby Co. was awarded a 10-year Architecture and Engineering IDIQ contract by the United States Postal Service to provide building design services in Maine and Rhode Island.
Calumet Electronics is expanding its manufacturing facility in Calumet, Michigan, by adding a new 35,000 square foot building and incorporating the historic Calumet and Hecla Bathhouse as headquarters. The company is seeking to fill over 300 positions.
Eastern Vault Company acquired Seminole Precast, which has locations in DeBary, Florida and Macon, Georgia. Seminole Precast serves customers for the Florida and Georgia Departments of Transportation and sells into several southeastern states.
Ioneer selected Caterpillar as the exclusive heavy equipment partner for its Rhyolite Ridge Lithium-Boron Project in Nevada. The equipment and services to be supplied over the first five years are valued at approximately $100 million.
The U.S. Defense Department awarded Baxter a $40 million fixed-price contract for its infusion pumps and accessories. The competitive acquisition had 105 offers received.
Composites manufacturer Mar-Bal merged its AltraSet Composite Technologies company with Lattice Composites, expanding its composite technologies to include Lattice's customized epoxy chemistry systems. Lattice will move its equipment and staff to Mar-Bal's facility in Chagrin Falls, Ohio.
Forum Plastics purchased and installed 10 new molding machines in 2020, including Arburg models, to expand capacity and capabilities at its Watertown, Connecticut facility.
The Defense Microelectronics Activity awarded GlobalFoundries a $400 million ceiling increase under a contract modification, bringing the cumulative face value to $1.11 billion. Work is expected to be completed by March 31, 2021.
New England Air Systems replaced ammonia-based chillers with three high-efficient Trane chillers providing 900 tons of cooling at Husky Injection Molding's plant in Milton, Vermont. The project was completed in June 2020.
Honeywell International secured a five-year, $72.9 million contract from the Naval Supply Systems Command to repair six weapon assemblies of V-22 tiltrotor aircraft for the U.S. Navy. Work will be performed in California and Arizona through November 2025.
Skanska's joint venture with Balfour Beatty has signed additional contracts worth $395 million with an existing client for improvements to its corporate office in the western United States. Skanska will book $198 million in its US order bookings.
KHS USA Inc. plans to purchase the assets of Scandia Packaging Machinery Co., a packaging machinery manufacturer in Fairfield, New Jersey, to expand its portfolio with compact cartoners and secondary packaging machines.
Airborne ECS will expand its facility in St. George, Utah, creating up to 73 new jobs and investing $20 million over seven years. The company designs and integrates environmental control systems for aerospace applications.
EnWave Corporation signed a commercial royalty-bearing license with GentleDry Technologies for the use of EnWave's REV dehydration technology in cannabis processing in the US. GentleDry also purchased a 10kW REV machine from AvoLov.
Kyocera Corporation announced an agreement to acquire 100% ownership of SLD Laser, a California-based developer of gallium nitride (GaN) based laser light sources, to expand its laser diode business.
CB Scientific announced a definitive purchase agreement to acquire Datrix, LLC, a global ambulatory device manufacturer based in Escondido, California, to expand its ambulatory remote cardiac ECG monitoring product technology.
BWX Technologies completed the restart of its TRISO nuclear fuel line at its Lynchburg, Virginia facility and is now producing fuel. The line positions BWXT as the only US company executing production contracts for TRISO fuel.
Santa Cruz Nutritionals, a subsidiary of Santa Cruz Healthcare, will invest $84 million to expand its operations in Sumter County, South Carolina, creating 164 new jobs. The expansion includes a 24,000 sq ft packaging facility and a 120,000 sq ft warehouse, expected to be completed by December 2024.
Entekra planned a new production facility in Modesto, California for off-site framing for residential and commercial construction, and equipped it with a compressed air system supplied by Rogers Machinery.
SPIG Industry, a highway guardrail manufacturer, will invest $7.9 million to expand its operation in the Bristol-Washington County Industrial Park in Virginia, building three production plants and a welding shop and hiring 113 people.
Alabama Power has selected a Mitsubishi Power JAC power island with Black & Veatch as EPC consortium for a new 720 MW combined cycle unit at its James M. Barry Electric Generating Plant in Mobile County, Alabama. The project will employ over 300 construction workers and 30 permanent employees.
Webasto is supplying the retractable hardtop for the model year 2020 Chevrolet Corvette Stingray convertible, assembled at its Plymouth plant in Michigan.
Fairbanks Morse will supply Ship Service Diesel Generator sets for the electric power generation system aboard the US Navy's America-class amphibious assault ship LHA-9, with construction starting in 2021 and delivery to Huntington Ingalls Industries in 2023.
Maskco Technologies announced a strategic manufacturing partnership and $100 million investment from Gredale to establish a production facility in Los Angeles, California, with capacity of 160 million N95 masks per month, expected to open in March 2021.
Comar is relocating and expanding its West Bend, Wisconsin manufacturing site to a 160,000 sq ft facility, tripling its local footprint. The expansion includes over $7 million in capital investment in injection molding machines and automation, with production starting in December 2020.
Jackson Mechanical Service partnered with Orion Group, backed by Alpine Investors. Jackson will serve as the foundation of Orion's commercial facility services platform.
Boeing has won three Foreign Military Sales contracts from the US Air Force for training services, aircraft support and spare parts for F-15QA fighters ordered by the Qatar Emiri Air Force. The contracts include a $240 million five-year award for programme management and training, a $68 million pre-delivery training contract, and a $500 million contract for spare parts and logistics support.
Synopsys has acquired Moortec, a provider of in-chip monitoring technology specializing in process, voltage and temperature sensors. The acquisition expands Synopsys' Silicon Lifecycle Management platform. Terms were not disclosed.
FirstElement Fuel Inc. ordered a vertical non-lube API-618 hydrogen compressor package from Burckhardt Compression for its upcoming hydrogen transfill facility in Northern California. The unit will be manufactured in Pune, India.
Young Innovations acquired Preat Corporation, a provider of dental implant components, attachments, and tools. The acquisition expands Young Innovations' implant prosthetic sector.
3M has been awarded a $37.5 million firm-fixed-price modification to a contract for production capacity expansion for N95 respirators. Work will be performed in Aberdeen, South Dakota, and is expected to be completed by April 30, 2021.
Boeing has been awarded a $9.8 billion indefinite-delivery/indefinite-quantity contract by the U.S. Air Force for modernization and sustainment of the F-15 Saudi fleet. Work will be performed in St. Louis and other locations, with completion expected by November 2025.
Schneider Electric announced a $40 million investment to modernize its U.S. manufacturing plants in Iowa, Kentucky, Nebraska, and Texas. The investment will increase manufacturing capacity and create over 130 new jobs in 2020 and 2021.
Infinitum Electric announced an agreement with a leading US automotive supplier to develop a hybrid assist motor using its IEm Series PCB motor technology for hybrid vehicles.
Adaptec Solutions acquired Memphis-based Integrated Solutions, a supplier of custom engineered material handling equipment with expertise in complex conveyor solutions.