RCI signed a definitive agreement to acquire the Ag-Bag product line from CNH Industrial America. The acquisition is effective November 25, 2019, and operations will relocate to RCI's facilities in Mayville, Wisconsin.
Ventilation systems maker VES is planning a $9 million expansion in Chippewa Falls, Wisconsin, including a 114,000 square foot facility with research and development and production jobs. The company bought a 12.4-acre parcel in the Lake Wissota Business Park and a groundbreaking is scheduled for December 14.
Aire Technologies began manufacturing extruded aluminum products at its Wagoner, Oklahoma facility in December 2019, and relocated insulated CRD Boots from Pennsylvania to Wagoner in July 2020. The expansion followed an asset acquisition of Leader Industries in 2018.
Effective December 1, 2019, Brenntag became a distributor for Arkema's epoxidized soybean oil and specialty epoxides under the Vikoflex and Vikolox brands in the United States. The agreement covers the CASE market.
A startup subsidiary of Aircraft Solutions announced it will create 475 jobs and invest nearly $100 million to establish a new aircraft recycling operation at the Kinston-based Global TransPark in North Carolina.
Esmalglass-Itaca Group signed an agreement in December 2019 to acquire Ferro Corporation's Tile Coatings Business for $460 million in cash, with potential for an additional $32 million. Closing is expected by summer 2020.
Konecranes won a $70 million (US$46 million) contract from the US Navy to deliver a 175-ton portal jib crane to the Puget Sound Naval Shipyard in Washington, USA. The order includes options for six additional cranes over seven years, with a potential total value of US$330 million.
Konecranes won a $46 million contract from the US Navy to deliver a 175-ton portal jib crane to Puget Sound Naval Shipyard in Washington, with options for six additional cranes worth up to $330 million.
Cybertrol Engineering, a full-service control and industrial IT integration firm, announced the acquisition of ESE, Inc., a food and beverage industry integrator. Both companies are Rockwell Automation Solution Partners.
Sigma Electric, a global manufacturer of precision engineered metal components, announced the acquisition of Tooling Dynamics, a US manufacturer of high volume precision metal stamping and Swiss screw machining.
Nystrom, a building products manufacturer, will christen a $5.5 million expansion next door to its Brooklyn Park facility in December 2019.
United States Steel Corporation purchased a 49.9% ownership interest in Big River Steel, with a call option to acquire the remaining 50.1% within four years. The implied enterprise value of Big River, including its Phase II-A expansion, is approximately $2.325 billion.
Honeywell acquired Rebellion Photonics, a Houston-based provider of intelligent, automated visual gas monitoring solutions for the oil and gas, petrochemical, and power industries.
Johnson & Johnson Vision is working toward a minimum $30 million investment to upgrade and expand the central utilities plant at its Jacksonville campus, which makes Acuvue disposable contact lenses. The expansion includes a 15,421-square-foot addition and utility upgrades.
Corin Group, backed by Permira funds, signed a binding agreement to acquire US-based OMNI Orthopaedics Inc., a pioneer in robotic-assisted total knee replacement.
A metal panel manufacturer announced an expansion in Monroe, Pennsylvania, creating 70 jobs.
Elinor Coatings received a $3.2 million, five-year subcontract from the University of Dayton Research Institute to support the U.S. Air Force's development of protective coatings for aircraft, focusing on corrosion and multi-metal primers.
Pratt & Whitney signed an agreement with GoAir to power 72 additional A320neo aircraft with GTF engines, including a long-term EngineWise service agreement. Aircraft deliveries are expected to begin in 2021.
All Quality and Services Inc., a computer components manufacturer, will relocate its operations to a renovated 58,000 sq ft facility at 2010 Merritt Drive in Garland, Texas. The project involves over $800,000 in renovations and $3.6 million in new machinery, creating 150 jobs.
SMS group received an order from Constellium Rolled Products Ravenswood to modernize the exit end of its 112-inch aluminum hot strip mill in Ravenswood, West Virginia. The project includes replacing two coilers with a single fixed-position coiler and adding a 500 HP motor.
Tokyo Century (USA) acquired 100% of Allegiant Partners, an independent specialty finance and leasing company based in Bend, Oregon, focused on light and medium-duty trucks and niche equipment.
TC Transcontinental agreed to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for US$180 million, subject to working capital adjustments. Closing is expected in the first quarter of fiscal 2020.
AgriVision Equipment Group, a John Deere dealer, plans to build its largest facility yet on 15 acres in Sioux Center, Iowa. The city council approved the land sale for $495,000 at its Nov. 26, 2019 meeting, with groundbreaking expected in spring 2020.
Lockheed Martin received an $831 million contract for the production and delivery of 15 Lot 14 F-35As and associated equipment for Australia. Work is expected to be completed by March 2023.
The Pentagon awarded Lockheed Martin a $327.95 million contract for long-lead material, parts, and components for 48 Air Force F-35As in advance of Lot 15. Work is expected to be completed by June 2023.
The Jordan Company completed the acquisition of Polymer Solutions Group's Polymer Additives division from Arsenal Capital Partners. The deal was announced on November 26, 2019.
Schindler announced a multi-year contract with the San Francisco Bay Area Rapid Transit District (BART) to replace and install 41 escalators at four downtown stations. The project is expected to begin in spring 2020.
Brasfield & Gorrie completed construction of a $36.1 million medical device manufacturing facility for Arthrex in Anderson, South Carolina. The 250,000 sq ft building is projected to create over 1,000 jobs.
United Aero Group, a supplier of aviation spare parts and support services, announced it has joined the BrightWater Aviation group of companies. The acquisition was announced on November 26, 2019.
Harbour Group, a St. Louis-based industrial holding company, has acquired SpotSee Holdings, a Dallas-headquartered maker of shock, vibration and temperature monitoring devices. Terms were not disclosed.
Eagle Materials entered a definitive agreement to purchase Kosmos Cement Company's Louisville, Kentucky cement plant and related assets, including seven distribution terminals, for $665 million. The plant has capacity of nearly 1.7 million tons of cement annually.
Johnson Controls completed an expansion of its 900,000 square-foot Rooftop Center of Excellence in Norman, Oklahoma, adding 400,000 square feet of laboratory and manufacturing space and renovating 150,000 square feet of office space. The expansion created 300 full-time jobs and added $110 million annually to the local economy.
Wilo USA, through a new subsidiary, acquired the assets of American-Marsh Pumps (J-Line Pump Co.) in Collierville, Tennessee, announced on November 26, 2019. The company employs 55 people and makes centrifugal pumps, vertical turbines and fire protection equipment.
Hexagon Mobile Pipeline has been awarded a $4.2 million order for TITAN gas transport modules from NG Advantage to support expansion in the northeastern U.S. Deliveries are scheduled for Q4 2019.
Tokyo Seimitsu Co. (ACCRETECH), through its subsidiaries Tosei Engineering Corp. and Tosei America, has acquired the SBS balancer product line from Schmitt Industries Inc. The acquisition expands ACCRETECH's portfolio to include automatic and manual balancing products and acoustic emissions sensor solutions.
Hyundai Electric has completed the expansion of its transformer plant in Alabama, increasing annual production capacity from 14,000 MVA to 21,000 MVA (50% increase). The plant now has 38,678 sqm of production space.
KKR has entered into an agreement to acquire Novaria Group, a manufacturer of specialty aerospace hardware, from Rosewood Private Investments and Tailwind Advisors. The financial details were not disclosed.
Komatsu Mining Corp. plans to break ground on a new $285 million headquarters and manufacturing facility in Milwaukee's Harbor District on March 12, 2020. The campus will include a 430,000-square-foot manufacturing building and a 176,000-square-foot office building.
Radius Aerospace held a groundbreaking ceremony for an expansion of its titanium components plant in Hot Springs, Arkansas. The company plans to hire 65 new employees, adding to the current 385, to support the expansion.
Mitsubishi Chemical Performance Polymers, a subsidiary of Mitsubishi Chemical America, has agreed to acquire substantially all assets of AdvanSource Biomaterials Corporation for $7.25 million in cash. The transaction is expected to close in Q1 2020.
Trelleborg signed an agreement to acquire US-based TriTec Seals, a maker of engineered PTFE sealing solutions for automotive and other industries, through its Sealing Solutions business area. Completion is expected before the end of December 2019.
The United States Army closed a five-year production contract worth $109 million with FLIR Systems to build and ship the Kobra heavy duty UGV for the Common Robotic System – Heavy program. The robot will be used for explosive ordnance disposal and heavy duty operations.
Toyoda Gosei will invest $60.3 million across its three U.S. plants, including $17 million at the TG Missouri facility in Perryville, Missouri, to expand production capacity for automotive components.
United Technologies received a $762.5 million contract modification from the U.S. Department of Defense to deliver 58 F135 propulsion systems for the Air Force and Marine Corps F-35 aircraft.
Mitsubishi Hitachi Power Systems (MHPS) secured a contract from PowerSouth to supply an M501JAC gas turbine power train for the 640MW Lowman Energy Center in Leroy, Alabama, and signed a long-term service agreement.
Johns Manville, a Berkshire Hathaway subsidiary, agreed to acquire ITW Insulation Systems from Illinois Tool Works for an undisclosed price. ITW Insulation Systems has four manufacturing plants in the US and Canada and employs 100 people.
All American Label and Packaging acquired Label Art of California, a label printing company based in Oakland, California. The acquisition was announced on November 22, 2019.
AceCo Precision Manufacturing is constructing a new 90,000 square foot facility in Boise, Idaho, to support growth. The expansion was mentioned in the context of the acquisition announcement on November 22, 2019.
Trive Capital acquired AceCo Precision Manufacturing, a Boise, Idaho-based manufacturer of mission-critical components for semiconductor and display equipment. The acquisition was announced on November 22, 2019, and AceCo will be combined with NxEdge to form a platform.
ARCH Global Precision, a portfolio company of The Jordan Company, acquired Aero Pacific Corporation, a provider of machining services for aerospace and defense. The deal was announced on November 22, 2019.