Atlas Holdings has acquired the operating assets of the Americas business of Exide Technologies through a court-supervised sale. The transaction launches standalone companies Stryten Manufacturing (battery manufacturing) and Element Resources (recycling).
HVAC Distributing LLC plans to invest $7 million to purchase and outfit a 100,000-square-foot speculative building in Hickory, Kentucky, creating 175 jobs. The expansion was announced on August 27, 2020.
Ellsworth Adhesives earned a spot in the Boeing Premier Bidder Program, which recognizes high-performing suppliers and gives them an opportunity to increase business with Boeing. The program includes approximately 100 suppliers.
Emerson announced it has agreed to acquire Open Systems International, Inc. (OSI Inc.), a software provider for power grid management, for $1.6 billion in an all-cash transaction. The acquisition will expand Emerson's software portfolio for the power industry.
Georgia-Pacific started manufacturing curbside recyclable paper padded mailers for e-commerce at its recently opened Arizona facility, with Amazon as the key customer.
TricorBraun agreed to acquire Price Container and Packaging, a rigid packaging distributor serving industrial and food markets with facilities in Utah and Washington. The transaction was expected to close in September 2020.
Woodbridge International announced the acquisition of its client Surplus Group, LLC by ICS Distribution, LLC (dba Critical Rental Solutions). Surplus Group buys and sells new and used water-cooled and air-cooled chillers and cooling towers for HVAC and industrial process applications.
Group CBS, Inc. acquired Rocky Mountain Breaker Services (RMBS) of Denver, Colorado, adding a sixth location in the western US. The acquisition expands Group CBS's electrical equipment sales and service capabilities.
Relevant Rental Solutions acquired Surplus Group, a buyer and seller of new and used surplus chillers and cooling towers, on August 26, 2020. Terms were not disclosed.
Super Steel LLC acquired Manitex Sabre, Inc., a division of Manitex International, for $4.4 million including $1.5 million in cash and potential royalties. The deal is expected to bring about 50 jobs to Super Steel's Milwaukee facility.
A $59 million manufacturing factory is coming to Muscle Shoals, Alabama, to produce battery trays for electric vehicles. The facility will create over 200 jobs.
Neuco, Inc., a master distributor of HVAC/R controls, completed a 10,000 square foot mezzanine expansion at its Bolingbrook, Illinois facility in August 2020. The expansion is expected to quadruple output and follows a 2019 renovation of the 145,000 SF facility.
Exxelia, a Paris-based manufacturer of magnetic components, acquired Micropen Technologies, a printed electronics company based in Honeoye Falls, New York. The acquisition adds Micropen's Ohmcraft resistor line and a fourth US manufacturing site to Exxelia.
Tata Group acquired 915 Labs, a developer of Microwave Assisted Thermal Sterilization (MATS) technology, making it a wholly owned US subsidiary.
TEAM Technologies acquired Baril, a manufacturer of infection prevention, wound care, and medical consumable products, to expand die-cutting and laminating capabilities for healthcare.
kSARIA Corporation, a portfolio company of Behrman Capital, acquired Compulink Cable Assemblies Inc., a manufacturer of high-reliability cables and harnesses for aerospace and defense. Financial terms were not disclosed.
Detroit Manufacturing Systems plans to repurpose its existing 482,000 sq. ft plant and expand into a 60,000 sq. ft adjacent building, with a $31.9 million investment creating 220 new jobs.
Munters will exit the non-core part of the U.S. commercial desiccant dehumidification market. Its Selma, Texas plant will stop manufacturing commercial products and instead focus on key account customers and data center cooling solutions.
Evonik Industries AG entered into a definitive agreement to acquire Porocel Corporation for $210 million, expected to close by end of 2020.
Oceaneering International's Space Systems business was contracted by Dynetics to develop mission-critical components for Dynetics' submission to NASA's Human Landing System program.
Tetra Tech, Inc. was awarded a five-year, $29.7 million contract from USAID under the Scaling Up Renewable Energy project (SURE II).
Parsons Corporation completed all necessary steps to begin treatment of radioactive waste at the Department of Energy's Salt Waste Processing Facility in Aiken, South Carolina.
DURA Automotive Systems will invest $59 million to lease and equip a plant in Muscle Shoals, Alabama, to manufacture battery trays for electric vehicles, creating 279 jobs.
CFD Research Corporation broke ground on a new 13,125 square foot Engineering Test Facility in Hollywood, Alabama, with completion expected in January 2021.
DURA Automotive Systems will open a $59 million manufacturing facility in Muscle Shoals, Alabama to produce battery trays for electric vehicles, creating 279 jobs.
Aprilaire has added 100,000 square feet to its Poynette, Wisconsin manufacturing facility and plans to hire more than 80 new positions due to increased demand for clean air products.
Semplastics and its X-MAT division were awarded $1.4 million in funding by the U.S. Department of Energy for a cost-shared research project to develop high-strength components from coal waste.
BASF announced the expansion of its Sparks, Georgia facility with approximately $70 million in capital improvements to produce seed treatment formulations, creating 30 new full-time jobs.
JELD-WEN Inc. plans to expand production at its plant in Wedowee, Alabama, moving patio door assembly from Northern U.S. plants to this facility. The project is expected to create up to 40 new jobs and up to $500,000 in new equipment will be installed.
Compass Energy Systems signed an agreement to acquire Exterran's U.S. natural gas compression assets, including its Brittmoore Road facility in Houston, with closing expected in Q4 2020.
Momentum Manufacturing Group announced the expansion of its Vitex Extrusion business with the long-term lease of a 50,000-square-foot facility in Franklin, New Hampshire, adjacent to its existing plant. The new facility will be dedicated to machining, fabrication and assembly of aluminum extrusions.
Waséyabek Development Co. acquired Re-source Industries Inc., a Muskegon, Michigan-based manufacturer specializing in CNC machining and rapid prototyping, in a deal that closed August 20, 2020. The company will be rebranded as RSI of West Michigan.
Equipment Depot announced that New England Industrial Truck (NEIT) has joined the organization, adding three new locations in Massachusetts, Connecticut and Maine. NEIT will merge with Equipment Depot and rebrand by October 1, 2020.
Competitive Power Ventures (CPV) reached financial closing on the CPV Three Rivers Energy Center, a 1,250-MW combined cycle gas-fired power plant in Grundy County, Illinois, representing over $1.3 billion in investment. Construction will begin soon with commercial operation expected in 2023.
The European Commission approved the acquisition of joint control over newly created joint venture MSS Energy Holdings, LLC by GIG Solar and Siemens.
Orbit Communication Systems announced that Lockheed Martin selected its Orion Combat 3D Audio Management System for the next-generation avionics suite of the F-16. The long-term agreement is valued at an estimated $46 million.
Carrier Global Corporation announced that Samsung Electronics has joined the Carrier Alliance program and signed a long-term strategic agreement to supply compressors and inverter technologies for Carrier's Residential HVAC portfolio, including Carrier-branded replacement compressors.
Captona formed a joint venture, Catamaran Renewables, with South Jersey Industries and announced the acquisition of a 7.5 MW fuel cell portfolio in New York.
AVEVA agreed to acquire OSIsoft, a provider of real-time industrial data software, for $5.0 billion. The combination aims to join AVEVA's industrial software portfolio with OSIsoft's PI System.
Bunzl agreed to acquire MCR Safety, a US distributor of largely own-brand personal protection equipment and safety products, in a deal expected to complete at the end of August 2020. Aggregate revenue of the businesses being acquired in 2019 was US$248 million.
Konecranes Nuclear Equipment & Services, with Broadwind Industries as key supplier, won a $410 million contract from the U.S. Navy to build up to seven massive cranes for nuclear submarine work at Naval shipyards. The cranes will be built in Manitowoc, Wisconsin.
MiTek plans to expand its manufacturing operations in Tolleson, Phoenix, Arizona, adding 40 new jobs and investing $5 million in facility and equipment. The expansion will add 153,000 square feet to produce Lateral Systems and Builder Products.
Granite Inliner, a subsidiary of Granite Construction, landed five sewer renewal contracts worth $148 million from the City of Chicago for CIPP lining and sewer repairs.
Tyson Foods announced plans to expand its Amherst, Ohio plant and add up to 200 new jobs, with over $20 million invested in the Cooper's Point development.
Air Power, a distributor of industrial products based in High Point, North Carolina, has acquired Zenmar Power Tool and Hoist Systems of Cockeysville, Maryland. The acquisition expands Air Power's geographic footprint in the Mid-Atlantic region.
Granite Inliner, a subsidiary of Granite, was awarded five sewer renewal contracts totaling approximately $148 million by the City of Chicago for CIPP lining of sewers.
Adient closed the sale of its 30% ownership stake in Yanfeng Global Automotive Interior Systems (YFAI) to joint venture partner Yanfeng Automotive Trim Systems for US$309 million in cash, plus up to US$60 million deferred. The term of the YFAS joint venture was extended to 2038.
Evoqua Water Technologies was selected by Magnolia Pointe Municipal Utility District to design, manufacture and install a new 0.5 MGD wastewater treatment plant near Josephine, Texas, using the OMNIPAC SBR system.
SteelFab, Inc. is investing over $5 million to expand its Florence, South Carolina operations, creating 28 new jobs. The expansion will add a third production line and increase capacity for cutting, drilling and fabrication of structural steel. Construction is expected to be completed by Q2 2021, with overall expansion by 2025.
G-CON Manufacturing is expanding its College Station, Texas facility from 189,000 sq. ft. to 245,000 sq. ft., increasing production capacity to 355 PODs per year. Construction will be complete in November 2020 and fully operational in Q1 2021.