Loop Industries entered a multiyear offtake agreement with L'Oréal to supply 100% recycled PET resin from its joint venture facility in Spartanburg, S.C., with Indorama Ventures. The facility's capacity is being increased to 40,000 tons per year.
United Mechanical, Inc. (UMI) announced its partnership with Fidelity Building Services Group, adding the full-service mechanical contracting company to Fidelity's growing portfolio. UMI provides commercial HVAC, electrical and plumbing services in Southwest Florida.
Kerry Group will invest $125 million to expand its operations in Rome, Georgia, more than doubling production capacity at the existing site. Construction begins immediately and is expected to be completed by early 2021, creating over 100 new full-time jobs.
Medline Industries will invest over $70 million to build a new one-million-square-foot distribution center in Richmond Hill, Georgia, creating 150 new jobs with capacity for more than 600 workers. The facility is expected to be completed in 2021.
Silicon Labs entered a definitive agreement to acquire Redpine Signals' Wi-Fi and Bluetooth business, including a development center in Hyderabad, India, and patent portfolio, for $308 million in cash.
Printpack signed a two-year contract with Collegiate Clean Energy to supply renewable power to two Virginia plants, generated from captured landfill methane. The deal removes reported Scope 2 emissions from its Rigid Business Unit plants.
Mueller Water Products is building one of the world's largest finished goods brass foundries in Decatur, Illinois, to add production capacity for the water infrastructure industry. The facility is expected to employ 250 workers.
Crane 1 Services, a portfolio company of Pfingsten, acquired the Service Division of Piedmont Hoist and Crane, Inc., a provider of overhead crane services based in Colfax, North Carolina. The transaction closed on March 11, 2020.
INDEVCO North America is investing $15 million to expand its Specialty Coating & Laminating facility in Doswell, Virginia, including $3M in building construction and renovation and over $12M in machinery. The expansion will create 40 new jobs over 4 years.
Babcock & Wilcox Construction Co. was awarded a project valued at more than $65 million to install B&W-designed components for a power plant in North America. This is the second phase of a multi-year plant maintenance project.
Marwood International Inc. acquired Tranor Industries LLC in Detroit, Michigan, effective February 1, 2020. The plant will operate as Marwood International – Plant 6, expanding Marwood's automotive parts manufacturing footprint in the USA.
K-Tec Holdings LLC acquired Ashland Industries Holdings Inc., combining two manufacturers of earthmoving scrapers. The merger closed on February 28, 2020.
Meridian Adhesives Group acquired Epoxies, Etc. and Epoxy Technology, and the two companies are now commercially aligning to offer broader product solutions for electronics and medical markets.
Seoyon E-Hwa Interior Systems is planning a $5.14 million expansion at its Selma, Alabama plant, adding 60 jobs. The expansion is expected to begin in April 2020 and complete by September 2020, in conjunction with new vehicle production at Hyundai's Montgomery plant.
ONE Aviation received approval from the Committee on Foreign Investment in the United States for its acquisition by Chinese-backed investment company Citiking International, which will assume 100% ownership of the aircraft manufacturer as part of ONE Aviation's plan to exit Chapter 11 bankruptcy.
L3Harris Technologies has been awarded a five-year, $383.2 million IDIQ contract by the U.S. Department of Defense to produce high-frequency radios and associated equipment for the U.S. Marine Corps. The contract includes an initial delivery order of $89.2 million.
Italian packaging company Iriapak will invest $7 million to establish a packaging film manufacturing facility in eastern New Orleans, its first North American plant, creating 25 direct jobs.
Powell Valves agreed to sell its Cincinnati headquarters to the Port and will build a new facility on 4 acres north of the former Sara Lee/Kahn's site, after 174 years at its current location.
KAO USA plans to spend $35 million to expand its research and manufacturing facility onto the adjacent Powell Valves site in Cincinnati, with 525 jobs retained and 45 new jobs created.
Jacobs was selected by the Maryland Procurement Office to provide microelectronics engineering support to the Department of Defense Hardware Solutions Division. The contract has a negotiated award value of $37 million over five years.
The Durham Co. is expanding its Houston plant to a downtown building to meet significant demand for its electrical utility products.
Arglass Yamamura, a joint venture between Cambium and Nihon Yamamura, will invest $123 million to build its first U.S. glass container manufacturing plant in Valdosta, Georgia. The facility will create over 150 jobs and is expected to begin production by the end of 2020.
McKee Foods Corporation, maker of Little Debbie Snacks, announced a major expansion of its production operations in Collegedale, Tennessee, with plans to invest more than $500 million and create approximately 480 jobs over 15 years. The first phase will invest $225 million over seven years and create 125 jobs.
Nucor Corporation awarded SMS group a follow-up order for the supply of slab and ingot reheat facilities and two heat-treatment lines for the new plate mill being built in Brandenburg, Kentucky. The equipment includes a walking-beam furnace, bogie hearth furnaces, and heat-treatment lines with MultiFlex-Quench technology.
Mitsubishi Hitachi Power Systems (MHPS) received an order from Utah's Intermountain Power Agency (IPA) for two M501JAC power trains, the first advanced-class gas turbines designed to transition from natural gas to renewable hydrogen fuel, to replace coal units at the Intermountain Power Project in Millard County, Utah.
An arbitrator ruled against Novelis Inc.'s proposed $2.6 billion acquisition of Aleris Corp., finding it would harm competition in the aluminum automotive body sheet market. The decision followed a DOJ antitrust lawsuit.
First Response Environmental Group, a Nashville-based environmental and industrial-services company, has been acquired by TRADEBE.
PMC Capital Partners, through newly formed Arctic Cooling Systems (ACS), acquired the Chino branch of The AMS Group, an aftermarket service provider in commercial and industrial refrigeration and HVAC, from Hill PHOENIX (Dover Food Retail). Terms were not disclosed.
Etnyre International Ltd. has acquired Rayner Equipment Systems (RES), a manufacturer of micro-paving and slurry-seal equipment based in Sacramento, California. The acquisition gives Etnyre entry into the micro-paving and slurry-seal business.
Boeing has secured an $800 million contract modification from the U.S. Navy to obtain long-lead materials and services for Lot 11 P-8A Poseidon aircraft, covering eight planes for the Navy, four for New Zealand, and six for South Korea. Work is expected to be completed by June 2020.
The Committee on Foreign Investment in the United States (CFIUS) cleared Infineon Technologies AG's planned acquisition of Cypress Semiconductor Corporation, announced on 3 June 2019. The transaction is valued at an enterprise value of €9.0 billion.
A Louisville manufacturer is opening a new facility with just under $3 million invested, aiming to grow capacity incrementally over the next five years.
FATHOM, Midwest Composite Technologies (MCT) and ICOMold have combined to form North America's largest privately held digital manufacturing service provider.
Bessemer Investors LLC completed the acquisition of Leonard Valve Company, a Cranston, Rhode Island maker of water temperature control valves and monitoring devices. Financial terms were not disclosed. The announcement was made on 9 March 2020.
Ostara Nutrient Recovery Technologies Inc. and the City of Atlanta opened a nutrient recovery facility at the R.M. Clayton Water Reclamation Center to recover phosphorus for fertilizer.
PPG completed its acquisition of Alpha Coating Technologies LLC, a manufacturer of powder coatings for light industrial applications and heat-sensitive substrates.
CEMEX's U.S. affiliate has closed the previously announced divestment of its Kentucky cement plant and related assets to Eagle Materials Inc. for approximately $665 million, with CEMEX receiving about $499 million.
Loop Industries entered into a multi-year offtake agreement with L'Oréal to supply PET resin made from 100% recycled materials for packaging. The resin will be supplied from Loop's joint venture facility in Spartanburg, South Carolina with Indorama Ventures.
SAERTEX multiCom LP plans to invest more than $20 million in a new manufacturing and warehouse facility near its current location in Huntersville, North Carolina. The expansion will retain 34 jobs and add 45 new jobs over five years.
SECO announced it has completed the acquisition of 100% of InHand Electronics, a Maryland-based provider of low-power rugged embedded systems and software for OEMs in military, industrial, medical and other markets.
Parsolex has begun a capital investment program to expand its cGMP processing space by 33%, increase its analytical laboratory footprint by 50%, and add two new product-development suites at its facility in West Lafayette, Indiana.
Adient has agreed to sell its automotive fabrics and lamination business to Sage Automotive Interiors, an Asahi Kasei company, for $175 million. The transaction includes 11 facilities globally and is expected to close by the end of fiscal year 2020.
Lotte Chemical Alabama and Aptar CSP Technologies are investing a combined total of $28.9 million at their separate facilities in Auburn, Alabama, creating 20 new jobs.
Borbet Group Alabama is investing $23.9 million and creating 25 new jobs over two years at its Auburn, Alabama facility, expanding its light metal alloy wheel production.
Hyperice, a recovery and performance technology brand, has acquired NormaTec, a pneumatic compression systems innovator. The companies will combine workforces and product offerings, with NormaTec's CEO joining Hyperice as Chief Innovation Officer.
Ansys entered a definitive agreement to acquire Lumerical Inc., a developer of photonic design and simulation tools, to add photonic simulation to its multiphysics portfolio for 5G, IIoT and autonomous vehicle development.
Briggs & Stratton announced it will open a new Advanced Battery Manufacturing facility in Tucker, GA, with four production lines in a 78,000 sq. ft. facility, to start production in mid-2020.
Briggs & Stratton entered a strategic supply agreement with a large manufacturer of light electric vehicles to power a new line of lithium-ion vehicles with its Vanguard Commercial Battery System, starting in June 2020.
FCA will invest $400 million to repurpose an idled transmission plant in Kokomo, Indiana, to build the GMET4 2.0-liter engine. The project will retain 1,000 jobs and add nearly 200 new jobs, with production starting in Q2 2021.
Duraco Specialty Tapes has acquired Infinity Tapes, a US manufacturer of double-coated tapes, transfer adhesive tapes and release liners based in Forest Park, Illinois. The partnership was announced on 2020-03-05.