PerTronix Performance Brands has acquired Aeromotive Inc. and Waterman Racing Components. Aeromotive will continue to operate from its Lenexa, Kansas facility, and Waterman from its locations in Concord, North Carolina and Brownsburg, Indiana.
Killdeer Mountain Manufacturing (KMM) is expanding its operations to Kerrville, Texas, adding 400 employees over 25 years. The company will move into Kerrville's Airport Commerce Park.
Lordstown Motors Corporation, an electric pickup truck OEM, merged with special purpose acquisition company DiamondPeak Holdings Corporation in a transaction valued over $1.6 billion. The combined entity will trade on NASDAQ under 'RIDE'.
Cree Inc.'s Mohawk Valley Fab at the Marcy Nanocenter in Marcy, New York, reached a construction milestone with the placement of the final steel beam. Production is expected to begin in 2022. Cree has committed at least $1 billion to the project.
Daikin North America LLC, a subsidiary of Daikin Industries, announced the purchase of Stevens Equipment Supply, LLC, an HVAC distributor serving 12 states from Minnesota to Arizona.
ioneer signed a partnership with Caterpillar for exclusive supply of heavy equipment at the Rhyolite Ridge Lithium-Boron Project in Nevada, valued at approximately US$100 million over the first five years of operation.
Private equity firm Arcline Investment Management has acquired a controlling stake in Syneo, a machine, tooling and services company for the interventional medtech industry, from Rockwood Equity. Terms were not disclosed.
MoistureShield Composite Decking, part of Oldcastle APG, plans to increase capped composite decking production by up to 50% at its Springdale, Arkansas plant, with capacity added by Q2 2021.
Through6 announced a new facility in Sanford, North Carolina, with a $2 million investment and 160 jobs.
Audentes Therapeutics announced a new site in Sanford, North Carolina, with a $109 million investment and 209 jobs.
Pfizer is expanding its gene therapy operations in Sanford, North Carolina, with a $500 million investment and 300 jobs.
Bharat Forge is constructing an aluminum forging manufacturing facility in Lee County, North Carolina, with a $171 million investment and 460 jobs expected over five years.
Stavatti Aerospace Ltd. has selected a former U.S. Army Reserve Center in Niagara County, New York, for a prototype development and production facility, pledging nearly $26 million in investment and 590 jobs over five years.
TE Connectivity completed the acquisition of DRI Relays Inc., a leader in hermetically sealed relays and time delay devices for harsh environments, with operations in the U.S. and India.
Tuff Torq Corporation held a groundbreaking ceremony on October 14, 2020 for a 16,000 square foot product development test facility in Morristown, Tennessee, expected to be completed by June 2021.
Kysor Warren Epta US announced an investment plan of over $27 million at its Columbus, Georgia site, expected to generate over 200 jobs by 2023, including a new training centre and a new 32,500 m² plant.
Celltrion USA has signed a $22 million contract to supply its SAMPINUT rapid antigen test kits to the US, following FDA Emergency Use Authorization.
Hologic received a $119 million contract from HHS and the Department of Defense to scale up COVID-19 test manufacturing capacity. The funding will enable Hologic to produce 13 million COVID-19 tests per month in the U.S. by January 2022, up from 6 million globally as of July 2020.
Celltrion USA signed a contract with Prime Healthcare Distributors to supply its Sampinute COVID-19 rapid antigen test kits across the United States. The deal is valued at 210 billion won (approximately $1.9 billion) and grants Prime Healthcare exclusive distribution rights.
Tubi USA Inc. launched its patented Mobile Modular Extrusion system for on-site production of HDPE pipe, reducing logistics and installation costs for mining, oil and gas, irrigation, and water infrastructure projects. The modular plants can be transported on flatbed trucks and set up in 72 hours.
Tubi USA Inc. launched a Mobile Modular Extrusion system for on-site HDPE pipe production and established a new manufacturing site in Bartow, Florida, with two plants now fully operational. Each modular factory has 20 million lb annual capacity and can extrude pipe up to 48 inches in diameter.
DuPont announced significant capital investments to expand manufacturing capabilities for its Liveo brand healthcare silicone solutions at its Healthcare Industries Materials Site in Hemlock, Michigan. Upgrades include extrusion capacity expansion for tubing, a new ISO 7 cleanroom, and new mixing equipment for liquid silicone rubber and high-consistency rubber.
Dana Incorporated signed a definitive agreement to purchase a portion of the thermal-management business of Modine Manufacturing Company's automotive segment for $1 plus assumption of certain financial liabilities. The transaction is expected to close in the first half of 2021 and adds approximately $300 million in revenue.
LIBERTY Steel USA, part of GFG Alliance, completed the acquisitions of Ohio-based companies Solon Specialty Wire and Shaped Wire from Leggett & Platt. Solon will be managed under the LIBERTY Johnstown Wire business.
Champion Cutting Tool Corp. acquired the Mercer Industries business unit from Mercer Tool Corporation. The acquisition includes Mercer's second distribution center in California, and former Mercer Industries President Jim Wallick will join Champion as Global Director of Sales – Abrasives Division.
Mid-State Industrial Maintenance, a portfolio company of CenterGate Capital, acquired AZZ SMS, a boiler repair and maintenance services provider, from AZZ Inc. The business has approximately $35 million in annual revenue and operates in St. Petersburg, Florida.
Chicago-based BASCO, Inc. announced the acquisition of Youngstown-based Youngstown Barrel and Drum (YBD), a distributor of industrial packaging. YBD customers will gain access to BASCO's wider product lines.
Lufkin Industries completed its acquisition of Schlumberger's North American Land Rod Lift Business, a provider of rod lift products and services with brands including Don-Nan and Shores Lift Solutions.
AD finalized a merger agreement with PVF buying group Delta Distributors, effective January 1, 2021, bringing collective member sales in AD's PVF Division to over $11 billion.
Emerson completed the purchase of 7AC Technologies, a US-based start-up developing energy-saving air conditioning technology using liquid desiccants. The technology enables single-step cooling and dehumidifying for commercial buildings.
Frontenac Company acquired Newterra Group Ltd., a global leader in modular water treatment solutions. Norwest Mezzanine Partners (NMP) provided subordinated debt and equity to support the acquisition.
Nuvotronics will invest $50 million over five years to expand its manufacturing footprint and production capabilities in Durham, North Carolina, creating 150 jobs.
Bain Capital Private Equity has agreed to acquire a majority stake in US LBM, a leading distributor of specialty building materials in the United States. The transaction is expected to close in December 2020.
Orbitform, along with a group of investors, acquired C&B Machinery in Brighton, MI. C&B Machinery will remain a separate entity with its own staff and facility.
Wilo USA held a groundbreaking ceremony for a new 244,000 sq ft headquarters and production facility in Cedarburg, Wisconsin.
Advanced Distributor Products celebrated a ribbon-cutting for a 288,000-square-foot expansion of its manufacturing facility in Grenada, Mississippi. The company is a leading manufacturer of air conditioning coils and HVAC systems.
Ken's Foods is investing $103 million to build a 343,625-sq-ft facility in McDonough, Georgia and add new production lines and upgrades to its existing manufacturing operation. The project will create 70 jobs.
Pelican Energy Partners closed its purchase of the Surface Pressure Control Flow business unit of Baker Hughes on 31 October 2020. The unit becomes an independent company called Vault Pressure Control, serving pressure control customers in the US, Canada, Australia, Papua New Guinea and Trinidad and Tobago.
Nestlé acquired Freshly, a fresh-prepared meal delivery service, for $950 million with potential earnouts up to $550 million. The transaction was signed and closed on Oct. 30.
Hologic secured a USD 119 million contract from the U.S. government to expand production capacity for COVID-19 molecular tests, aiming to provide 13 million tests per month by January 2022.
Nestlé USA acquired Freshly, a fresh-prepared meal delivery service, for USD 950 million with potential earnouts up to USD 550 million. The transaction was signed and closed on October 30, 2020.
Ritchie Bros. Auctioneers will acquire Rouse Services for approximately $275 million. Rouse provides data intelligence and performance benchmarking solutions for the industrial equipment industry.
Hispanic Cheese Makers-Nuestro Queso announced a $15 million expansion to its facility in Kent, Illinois. The expansion includes new processing and packaging equipment, expanded cooler space and additional capacity.
Barnhart Crane & Rigging acquired Days Machinery Movers of Elkhart, Indiana. The acquisition strengthens Barnhart's presence in the Midwest.
Firefly Aerospace announced it will acquire Mongoose Hybrid automated fiber placement systems from Ingersoll Machine Tools to automate production of its all-composite Alpha and Beta launch vehicles. The first system will be installed in May 2021 at its Briggs, Texas facility, and a second at its new Florida factory in 2022.
TrellisWare Technologies was awarded a contract from the US Army PEO C3T to support the Capability Set 21 Integrated Tactical Network, with an initial order for over 1,000 TW-950 TSM Shadow and TW-875 TSM Ghost radios.
Xenex Disinfection Services awarded a $20 million contract to Astronics Corporation to assist in manufacturing Xenex's LightStrike Germ-Zapping Robots. The contract supports Xenex's expansion of manufacturing capacity in San Antonio.
Specialty chemicals distributor IMCD N.V. announced the acquisition of Andes Chemical Corp.
VfD Technologies, Inc. acquired Isimac Machine Company, Inc., a precision manufacturing firm. The acquisition strengthens VfD's capabilities in ultra-high precision medical devices and surgical instruments.
Hexagon AB has signed an agreement to acquire DP Technology Corp, developer of the ESPRIT CAM software, for an undisclosed amount. DP Technology had 2019 sales of EUR 35 million.