The U.S. Navy awarded L3Harris Technologies a $47.6 million contract to develop and build the Navy Wideband Anti-Jam Modem (WAM) for ships, submarines, and shore sites. The contract could increase to $83.1 million with options.
A medical device maker is expanding its facility in Bartlett, a suburb of Memphis, Tennessee.
Momentive Performance Materials envisions a two-year transition away from basics chemicals production at its Waterford, New York facility, which began operations in 1947.
Momentive Performance Materials announced a $15 million investment in advanced electronic materials production at its Waterford, New York site, part of a $40 million global investment. The new capabilities will be operational starting mid-2021.
Fujitsu General Limited will start marketing in North America on August 25, 2020, the first HVAC systems jointly developed with its U.S. partner Rheem. The products include four models of mini-split outdoor units by Fujitsu General and indoor units by Rheem, targeting the residential air conditioner market.
Mueller Water Products has acquired Pratt Industrial, a manufacturer based in Emporia, Kansas, with over 35,000 sq. ft. of manufacturing and warehouse space. The deal was announced on August 5, 2020.
Packaging Corporation of America may spend up to $170 million to move its Newark plant from South 21st Street to a new, larger facility on Thornwood Drive, subject to city and county approval. The proposal was reported on August 5, 2020.
The Acutronic Group, a maker of aerospace components and motion simulators, is expanding into a 26,000-square-foot facility at 1100 E. Howard Ln. in Austin, Texas, as part of a multi-million dollar investment announced August 5, 2020.
Turnspire Capital agreed to acquire Goodyear Air Springs, subject to regulatory approvals.
Brazil-based nonwovens producer Fitesa entered into an agreement to acquire Tredegar Corporation's Personal Care Films business, which includes manufacturing sites in the US, Netherlands, Hungary, Brazil and India. The transaction is expected to close in Q4 2020.
Lockheed Martin received a $181.74 million contract modification from the U.S. Naval Air Systems Command to produce and deliver 39 AN/AQS-22 Airborne Low-Frequency Sonars for the U.S. Navy, India, and Denmark, for integration into MH-60R Seahawk helicopters. Work is expected to be completed by December 2024.
eschbach announced a partnership with Novaspect to offer eschbach's Shiftconnector digital manufacturing software to Novaspect's customers in the upper Midwest U.S.
Kennedy Jenks and Caliskaner Water Technologies announced an alliance to pursue joint opportunities using carbon diversion technology in wastewater treatment.
SIERA.AI and UniCarriers Americas announced a strategic relationship to combine SIERA.AI's safety and autonomy technologies with UniCarriers' material handling equipment manufacturing and distribution.
Airo Group has signed letters of intent to acquire six companies, including avionics manufacturer Aspen Avionics and urban air mobility developer VRCO, as part of Project Jupiter to form a new publicly traded aerospace and defense company.
Aegion Corporation's subsidiary Insituform Technologies was awarded a wastewater rehabilitation contract valued at more than $4 million from Baltimore County, Maryland. The project involves rehabilitating 78,000 linear feet of sanitary sewer main using trenchless technology in Essex, Maryland.
Kensar Equipment Company, a division of Wolter Group LLC, acquired Integrity Industrial Equipment, a forklift and material handling equipment provider in Dayton, Ohio. The acquisition expands Kensar's footprint in Ohio and broadens its product portfolio.
Lam Research and VELO3D announced a joint development agreement to collaborate on metal additive manufacturing applications for semiconductor capital equipment. Lam Capital will also invest an undisclosed amount in VELO3D.
PET Fiber, LLC (Fiberworx) acquired Troy, LLC, a manufacturer of non-woven fabrics for automotive liners and under-carpet mats. The acquisition closed on August 4, 2020. Terms were not disclosed.
Car Tech, an automotive parts manufacturer, will invest more than $30 million to build a new assembly building and add a press line at its facility in Opelika, Alabama, creating 37 new jobs over three years.
ATI Actuators is supplying equipment for Equistar Chemicals' planned expansion of its underground ethylene storage facility and terminal in Clemville, Texas. The announcement was made on August 4, 2020.
CECO Environmental agreed to form a joint venture combining its Effox-Flextor damper business with the damper business of Mader Machine Co., a CHIEF Capital portfolio company. CECO will hold 70 percent of the equity and consolidate the joint venture.
Medical device maker Engineered Medical Systems will invest $13.3 million over five years to buy new CNC equipment and add 60 jobs at its Bartlett, Tennessee plant. The state government announced the expansion on August 4, 2020.
Emerson and Mitsubishi Hitachi Power Systems Americas (MHPS) announced a collaboration to develop digital technologies, software and services for utility customers in North America, focusing on optimizing power plant performance and reliability. The announcement was made on August 3, 2020.
voestalpine Roll Forming Corporation is expanding its operations in Shelby County, Kentucky, adding approximately 50 employees and investing in new welding technologies to increase volume output for the ecommerce industry. The expansion was announced on August 3, 2020.
PolyVision, a global leader in CeramicSteel manufacturing, acquired Marsh Industries Inc., an Ohio-based visual display board manufacturer. The acquisition aims to expand PolyVision's architectural panel business in North America, increase capacity, and shorten lead times.
Lordstown Motors Corp. entered a definitive merger agreement with DiamondPeak Holdings Corp. to become a publicly listed company on NASDAQ under ticker 'RIDE', with gross proceeds of about $675 million to fund production of the Endurance electric pickup truck.
Triumph has agreed to sell its composites business in Milledgeville, Georgia, and Rayong, Thailand, to private equity firm Arlington Capital Partners. The deal includes about 600 employees and 800,000 square feet of factory space.
Prince & Izant Company will invest $2.4 million to add 30,000 square feet of manufacturing space at its Parma, Ohio campus, creating 21 new jobs and retaining 104 positions. The expansion will increase capacity for brazing alloys and metal joining products.
US LBM Holdings has acquired Maner Builders Supply, a building products dealer with locations in Augusta, Georgia, and Aiken and Charleston, South Carolina. The acquisition expands US LBM's presence in the Southeast.
KeepRite Refrigeration will invest $4.5 million to add 57,000 square feet to its existing facility in Longview, Texas, creating 15 new jobs. The expansion is supported by a $400,000 incentive from the Longview Economic Development Corporation.
Raytheon Missiles & Defense and RAFAEL Advanced Defense Systems signed a joint venture, Raytheon RAFAEL Area Protection Systems, to establish an Iron Dome Weapon System production facility in the United States. Site selection is expected by end of 2020.
AFG Aero & Industrial, a business of AFG Holdings, reached an agreement with Custom Alloy Corporation to exclusively manufacture and market Custom Alloy's commodity-based pipe fittings and forgings in the USA.
AAF International announced a $1.4 million capital investment to relocate to a larger 185,745 square-foot facility in Duluth, Georgia, creating 25 new jobs. The expansion consolidates multiple buildings and accommodates manufacturing, warehousing, and shipping.
The U.S. Department of Defense awarded a potential $31 million investment to North American Forgemasters under the Defense Production Act Title III to sustain production of metal forging products for the U.S. Navy and Naval Nuclear Propulsion Program.
Astor Place Holdings acquired a majority interest in Douglas Electrical Components, a manufacturer of hermetic components and interconnect solutions based in Randolph, New Jersey.
Curtiss-Wright signed an agreement with Ringo Valves, a subsidiary of Samson AG Group, to supply control valves for the US and international nuclear fleet.
Specialty Products Company acquired the assets and team of Peterson Fluid Systems, a maker of performance oil pumps, tanks and fluid system components, in Henderson, Colorado.
McLean Packaging contracted with ENGIE Resources LLC and energy advisor 5 on a five-year agreement supporting renewable electricity for its three New Jersey and Pennsylvania plants, aiming for 100% renewable power.
U.S. Corrugated Inc and McKinley Paper Co, a subsidiary of Bio PAPPEL, have been amalgamated to form a vertically integrated paper and packaging company with mills and box plants in the US and Mexico.
Private equity firm SK Capital is purchasing the specialty polymers business of Baker Hughes, which operates a plant in Barnsdall, Oklahoma, making low-molecular-weight olefin polymers. The business should be independent by year's end.
Siemens Healthineers announced it will purchase all shares of Varian Medical Systems for $177.50 per share in cash, a total of $16.4 billion. The merger aims to create a global leader in cancer care, with Varian retaining its brand. The transaction is expected to close in the first half of 2021.
Clearwater Industries Inc. and Sigmadaf Clarifiers announced the creation of Clearwater-Sigmadaf, a joint venture to bring Sigmadaf's dissolved air flotation water clarifiers to the American market.
IMCO Carbide Tool Inc. has been acquired by IMC Group, a Berkshire Hathaway company. IMCO will continue operations from Perrysburg, Ohio, producing end mills under the IMCO brand.
AM/NS Calvert announced a $500-million expansion to add an electric arc furnace steelmaking facility at its plant in Calvert, Alabama, capable of producing 1.5 million metric tons of steel slabs annually, creating 300 jobs, with construction expected to take two years.
Volpi Foods is constructing an 87,000-square-foot meat slicing and packaging plant in Union, Missouri, adjacent to its existing prosciutto plant. The facility is expected to be completed by summer 2021.
Entegris Inc has acquired Global Measurement Technologies Inc (GMTI), a provider of analytical instruments for semiconductor production, and its manufacturing partner Clean Room Plastics Inc.
Timberwolf Manufacturing Corp., now part of Automated Biomass Systems, has added to its plant and workforce, increasing employment from 12-15 to about 30. Sales have doubled since the 2017 acquisition. The company invested in a CNC plasma machine and gantry system to increase manufacturing capacity.
Nissha Co., Ltd.'s subsidiary Nissha Medical Technologies has signed a definitive agreement with Olympus Surgical Technologies America to acquire Olympus Group's Norwalk, Ohio medical manufacturing operation. The acquisition is scheduled to close in Q4 2020.
Motion Industries, a subsidiary of Genuine Parts Company, acquired TRC Hydraulics, a Canadian hydraulic products supplier, and F&L Industrial Solutions, a distributor of T-slotted aluminum extrusion components. Both transactions closed effective August 1, 2020.