Polycor Inc., the world's largest natural stone quarrier, announced the acquisition of Elliott Stone Company Inc., a quarrier and fabricator of Indiana limestone based in Bedford, Indiana.
Big River Steel announced a joint venture agreement with U.S. Steel, receiving $700 million in cash for a 49.9% ownership interest. The deal values Big River at $2.325 billion and includes an option for U.S. Steel to acquire the remaining 50.1%.
Odfjell Terminals Houston (OTH) was selected to provide bulk liquid terminal services for feed products at INEOS Styrolution's new ASA plant in Bayport, Texas. The services include receipt, storage and pipeline transfer of butyl acrylate and acrylonitrile. The ASA plant is expected to be operational in 2021.
United States Steel Corporation announced a joint venture partnership to acquire a 49.9% ownership interest in Big River Steel for approximately $700 million in cash, with a call option to acquire the remaining 50.1% within four years. Big River operates a flat-rolled mill in Arkansas with a Phase II-A expansion underway.
Hugg & Hall Equipment Company and Scott Equipment Company entered into a strategic agreement to trade Volvo Construction Equipment territory in Arkansas and Toyota Material Handling territory in Louisiana, effective October 1, 2019.
British specialty polymer manufacturer Synthomer agreed to acquire Ohio-based Omnova Solutions for $10.15 per share in an all-cash transaction, with an enterprise value of nearly $824 million including debt assumption of about $351 million.
The U.S. Air Force awarded Boeing a $2.6 billion contract for 15 KC-46A tanker aircraft, spares, and support equipment. This is the fifth production lot, bringing total on contract to 67 tankers.
AZZ Inc acquired all assets of Preferred Industries, a powder and e-coating service company with facilities in Rowlett and Terrell, Texas. The terms were not disclosed.
Parker Hannifin Corporation acquired LORD Corporation, a privately-held company based in Cary, North Carolina, for $3.675 billion. LORD provides adhesives, coatings, and vibration control technologies for aerospace, automotive, and industrial markets.
The US Naval Information Warfare Systems Command awarded Viasat an indefinite-delivery indefinite-quantity contract to deliver supplemental units for the KOR-24A Small Tactical Terminal, supporting foreign military sales to US-allied militaries.
Winpak Ltd. signed a definitive agreement to acquire the net assets and building of Control Group in Norwood, New Jersey, for US$42.2 million, funded from cash on hand.
Novolex, a Carlyle portfolio company, acquired Zenith Specialty Bag, a specialty paper food packaging producer headquartered in City of Industry, California, effective October 1, 2019.
Venture Plastics was awarded a contract to mold the plastic trunk finisher that protects the latch mechanism of the 2019 Nissan Altima. The contract drove the company's expansion in Newton Falls, Ohio.
TPC Wire & Cable Corp., a portfolio company of Audax Private Equity, completed the acquisition of Cicoil LLC, a manufacturer of flat cable and cable assemblies based in Valencia, California.
Kellstrom Holding Corporation announced the grand opening of a 25,000-square-foot operating facility for its Williams Aerospace & Manufacturing business in Chula Vista, California, to support global defense customers.
Flynn Group and Jabral Inc. entered into a Letter of Intent to combine operations. Flynn, a North American building envelope contractor, will acquire Jabral, a family-owned caulking and waterproofing contractor based in Kansas City. Lonny Mills will become a Flynn shareholder and manager of the Midwest Waterproofing Division.
Genesis Energy will invest $300 million to expand its Granger soda ash production facility in Green River, Wyoming, increasing capacity by 750 kilotons per year. Construction begins in Q4 2019, with increased production available in Q2 2022.
Arconic Inc. will separate into two independent public companies: Howmet Aerospace (engines, fastening systems, etc.) and Arconic Corporation (rolled products, extrusions, building systems), via a distribution of shares.
Solid State Plc's Pacer Optoelectronics business unit has won an international contract valued at US$3 million, to be delivered over nine months for a rail infrastructure display project in the United States.
Hanwha Aerospace has completed the acquisition of EDAC Technologies for approximately $300 million. EDAC Technologies will operate as Hanwha Aerospace USA, marking Hanwha's first aircraft engine component manufacturing facility in the US.
Hensel Phelps Services was awarded a three-year contract by the City and County of Denver to repair mechanical equipment in the Denver International Airport Central Utility Plant.
Autokiniton US Holdings, Inc. completed the acquisition of Tower International, Inc. for approximately $660 million, or $31 per share in cash.
A Swedish automotive supplier has cut the ribbon on a new plant in Orangeburg, South Carolina.
Apex Service Partners announced it has partnered with Southern Air Heating & Cooling, a residential HVAC services company with locations across Louisiana and Mississippi. Southern Air will continue to be operated independently by the Preuett family under its current brand names.
Olin Corporation's Winchester division was selected by the U.S. Army to operate and manage the Lake City Army Ammunition Plant in Independence, Missouri. The contract has an initial term of seven years, with Winchester assuming full operational control on October 1, 2020 after a one-year transition.
Apogee Semiconductor was awarded a contract by NASA to work with NASA's Jet Propulsion Laboratory to develop a flexible, radiation-hardened switching power controller for missions to the Moon, Mars, and other destinations.
Orizon Aerostructures broke ground on a 120,000 square foot expansion at its Chanute, Kansas campus on September 24, 2019. The addition will be used for assembling a section of the Boeing 737 fuselage for Spirit AeroSystems, and will increase employment from 320 to 420-470.
Enterprise Products Partners and LyondellBasell signed long-term contracts supporting construction of Enterprise's second propane dehydrogenation plant in Mont Belvieu, Texas. The plant will produce up to 1.65 billion pounds per year of polymer-grade propylene, starting up in first half of 2023.
Plascore Inc. is investing nearly $6 million to construct an 80,000-square-foot facility in Zeeland, Michigan, creating approximately 35 jobs over three years.
Italmatch Chemicals Group has acquired Water Science Technologies (WST), a blender and chemical solutions provider for oil & gas and industrial water treatment based in Birmingham, Alabama, USA.
Alfa Laval won an order worth approximately SEK 110 million to supply air cooler systems to a gas processing plant in the U.S. Deliveries are scheduled for 2020.
Johnson Controls completed an expansion of its Rooftop Center of Excellence in Norman, Oklahoma, adding 400,000 sq ft of lab and manufacturing space and renovating 150,000 sq ft of office space. The project created 300 jobs and was supported by $1.75 million in state funding.
LS Group's Superior Essex and Furukawa Electric will form Essex Furukawa Magnet Wire LLC, with SPSX holding 61% and Furukawa 39%. The joint venture, headquartered in Atlanta, will focus on magnet wire technologies for electric vehicles.
Thinking Robot Studios, a Canadian medical products maker, plans to open an $84 million plant in Buffalo, New York, creating over 88 jobs. The facility will use industrial 3D printing to produce orthopedic implants and bone/joint reconstruction systems, with construction starting in October 2019 and opening expected in fall 2020.
Continental Structural Plastics, a Teijin Group company, announced a new composites manufacturing facility in Seguin, Texas. The project will create 200 jobs and involve over $65 million in capital investment.
Graphic Packaging International is expanding its Kalamazoo, Michigan site on a brownfield plot, with an anticipated $600 million investment and construction starting in Q4 2019, supported by $21M in tax breaks.
Schaeffler celebrated 50 years of its Cheraw, South Carolina operations and is expanding the site to produce FRAX bearing components, with a $65 million investment and completion expected by end of 2020.
HeidelbergCement, through its North American subsidiary Lehigh Hanson, agreed to acquire the Keystone cement plant in Bath, Pennsylvania from Giant Cement (Elementia) for $151 million. The plant has a capacity of 1.1 million tonnes of cement per year.
Westinghouse Electric Company signed a definitive agreement to acquire Rolls-Royce's Civil Nuclear Systems and Services business in North America, expanding Westinghouse's capabilities in digital, engineering services, plant automation and monitoring systems, field services and manufacturing. Rolls-Royce operates 11 sites in Canada, France, the UK and the US.
Schaeffler Group USA Inc. announced a $65 million investment to expand its Cheraw, South Carolina facility and establish it as an Engine Systems Manufacturing Center of Competence for North America. The expansion includes new equipment for production of the FRAX bearing component and is expected to be completed by the end of 2020.
Sysmex America and LabCorp announced an extension of their hematology automation agreement to provide LabCorp Diagnostics' primary reference laboratories with Sysmex's XN-9100 system. The system has been implemented in LabCorp's Atlantic Division regional laboratory in Burlington, N.C., with plans to install in 11 additional regional laboratories by early 2021.
IIOT-OXYS Inc. announced the execution of a Letter of Intent to acquire Infinite Automation Systems Inc., an innovator of IIoT software and global data acquisition systems.
Northrop Grumman was awarded a $1.36 billion firm-fixed-price modification to produce and deliver nine Japan-configuration E-2D Advanced Hawkeye aircraft under the Foreign Military Sales Act.
AFE Crane installed a 5-ton ACCO explosion-proof crane and extended the runway from 60 ft to 120 ft at a confidential hazardous facility in Nebraska for lifting bulk container bags.
Aehr Test Systems received an initial order over $3 million from a new Fortune 500 customer for its FOX-XP wafer level test and burn-in system and WaferPak contactors for production testing of silicon carbide devices.
Americhem announced a 60,000 sq ft expansion of its Morrisville, Pennsylvania plant, including a 20,000 sq ft clean compounding room for up to six new lines, with a groundbreaking on October 2, 2019.
Agrisolutions held a ribbon-cutting to unveil its new 103,000 sq ft facility in Rock Island on 26 September 2019, with local economic development officials and company executives attending.
Becton Dickinson was awarded nearly $23.7 million by the U.S. Defense Department for medical surgical products. The contract has a one-year base with nine one-year option periods and a performance completion date of September 28, 2020.
Spear Power Systems raised growth capital from a syndicate led by Emerald Technology Ventures, with participation from Chevron Technology Ventures and others, to fund expansion of global footprint, production capacity, and R&D.
The City of Deerfield Beach, Florida, approved a 17-year contract with Siemens for energy performance services valued at over $9.2 million. Siemens will provide smart infrastructure solutions including HVAC replacements, lighting upgrades, and a building management system to reduce energy consumption in more than 20 facilities.