Premier Packaging Corporation will move into a newly built 105,000 square-foot facility in Wiregrass Business Park, Town of Henrietta, Monroe County, New York, and buy new machinery, creating up to 37 jobs.
Sonoco has closed the sale of its U.S. Display and Packaging business, based in Winston-Salem, N.C., to Hood Container Corporation for $80 million in cash.
Atlas Copco Gas and Process has received an order from Plug Power for two nitrogen compressors and eight turboexpanders for two 15 TPD hydrogen liquefaction plants in Texas, due for delivery in Q2 2023.
SupplyOne, the largest independent supplier of corrugated packaging in the U.S., has acquired Bell Container Corp., a custom corrugated manufacturer headquartered in Newark, New Jersey. The acquisition was announced on April 1, 2021.
Kaiser Aluminum has completed its acquisition of Alcoa Warrick LLC, which holds the Warrick Rolling Mill, from Alcoa for $670 million. The deal closed on March 31, 2021 and was announced on 2021-04-01.
IDEX Corp entered a definitive agreement to acquire Airtech Group Inc and US Valve Corp and related entities from funds managed by EagleTree Capital for $470 million in cash. The deal was reported on 1 April 2021.
The Estée Lauder Companies and Eastman signed a global memorandum of understanding under which Estée Lauder brands will incorporate Eastman Renew molecularly recycled polyester packaging to help meet its 2025 sustainable packaging goals. The announcement was made on 30 March 2021.
Danimer Scientific plans to invest $700 million to expand its Bainbridge manufacturing operations in Decatur County, Georgia, including a new 2,000,000-square-foot facility near its current campus. The investment is expected to nearly quadruple its workforce.
ABX Innovative Packaging Solutions is expanding its green flexible packaging manufacturing in the Town of Macedon, Wayne County, adding six bag lines and creating up to 38 jobs. The renovation is expected to launch in spring 2021 with completion targeted for summer 2022.
DXP Enterprises completed its acquisition of Total Equipment Company (TEC), a distributor of aftermarket and service capabilities, announced March 29, 2021. Financial terms were not disclosed.
Innovation Foods is building a $45 million, 71,000 sq ft facility in Millville, New Jersey, to produce aseptic and ESL oat beverages for Oatly, with opening projected for mid-2022. The facility will create 40 new jobs.
Munters Group AB will invest $36 million in a 365,000 sq ft facility at Botetourt Center at Greenfield, Virginia, to replace its Buena Vista plant. The company plans to retain its approximately 200 workers.
Edwards will invest in a new building in Haverhill, Massachusetts, expected to be completed in Q2 2022, to host an innovation and solutions center for its cryogenic pump and chiller product company, relocating functions from Chelmsford.
The US Navy's Navfacsyscom Southwest office posted a sole-source justification for Gardner Denver air compressor systems to replace earthquake-damaged equipment at Naval Air Weapons Station China Lake, California.
CANPACK is building its first US manufacturing plant, a 1.2-million square foot aluminum can facility on a former brownfield site in Olyphant, Pennsylvania, reaching its topping-out stage with over 400 jobs expected within two years.
Acme Corrugated Box has broken ground on an expansion adding 80,000 square feet and a new 110-inch corrugator, targeting a 50% capacity increase, with completion expected in Q1 2022.
Provia plans to spend $14 million to $18 million to nearly double its facility north of Strasburg, Ohio, and create 150 jobs over five years, under an enterprise zone tax abatement approved by Tuscarawas County commissioners.
Ardagh Group agreed to buy Anheuser-Busch's Longhorn Glass manufacturing facility in Houston, which supplies bottles to A-B's Houston brewery, with a long-term supply agreement and planned furnace modernisation. Parcrest Advisors acted as exclusive advisor to the seller.
Czech valve maker Arako, part of Atomenergomash, supplied a newly designed pickling and blow-out device for the 859 MW Mattawoman combined-cycle gas plant via Siemens Energy. The plant is being built by Panda Power Funds in Brandywine, Maryland.
Wärtsilä will supply its GridSolv Quantum energy storage systems for two interconnected projects, Madero and Ignacio, with a combined 200 MW rating in southern Texas, and will provide ten-year guaranteed asset performance agreements. The order was booked in February 2021.
Loews Corporation has agreed to sell a 47 percent stake in Altium Packaging to GIC, the Singapore sovereign wealth fund.
Loews Corporation signed a definitive agreement to sell a 47% interest in Altium Packaging, a North American rigid plastic packaging and recycled resin company, to Singapore's sovereign wealth fund GIC, with closing expected within 30 days.
Hillenbrand completed the sale of Abel Pumps, L.P. and affiliates to IDEX Corporation, generating cash proceeds of about $103.5 million. The agreement was originally announced on January 11, 2021.
Jabil is investing $25 million in its subsidiary Ecologic's Manteca, California location to expand paper bottle and pulp molding production, adding new equipment and automation for North American and European markets.
Link Mfg has acquired valve and suspension control product lines, related technology and key staff from Hadley Products Corp, including the SmartValve height control system and Smart Air Management System. The deal was announced on March 9, 2021.
McWane Plant & Industrial has acquired the Tri-Seal Valve product line, including the Quarter-Flex industrial butterfly valves. The deal value was not disclosed.
Ares Management's Private Equity Group funds and Ontario Teachers' Pension Plan Board completed the acquisition of a majority interest in packaging distributor TricorBraun, from former majority owner AEA Investors, which retains a significant stake.
BorgWarner announced a $62.25 million investment in its Arden, North Carolina production plant and technical center, with at least 100 new jobs, supported by county incentives approved on March 2, 2021.
Amarillo Gear has added a new Hyundai 600 mm horizontal machining center to its production line in Amarillo to increase capacity for pump drive and smaller cooling tower gearbox models. The article is dated March 2, 2021.
Anchor Packaging broke ground on a $21.5 million, 90,000 sq ft expansion of its Paragould, Arkansas plant, which will create 45 new jobs over two and a half years, with completion expected by year end.
Fort Dearborn acquired Hammer Packaging, a West Henrietta, New York printer of packaging using offset and flexographic processes, on March 2, 2021. Terms were not disclosed.
Richmond-based folding carton maker Dominion Packaging has leased 144,606 square feet in the second phase of Becknell Industrial's Airport Logistics Center near Richmond International Airport, Virginia, in March 2021.
Kohler Power Systems is adding a 155,000 square-foot expansion to its North American manufacturing facility in Mosel, Wisconsin, including production and testing space, warehousing and a customer experience center. The project is already underway.
Green Bay Packaging CEO Will Kress described plans for a new state-of-the-art paper mill in Green Bay, Wisconsin, to replace the original 1940s mill. The project has cost over $500 million and is the largest single development project in Brown County history.
Flowserve said it supplied pumps, valves and seals to Pfizer to support COVID-19 vaccine production, including replacing a mechanical mixer seal on a vaccine line at Pfizer's Kalamazoo, Michigan plant. The announcement was made on 1 March 2021.
Victaulic recently purchased a 220,000 square foot Waupaca manufacturing plant in Lawrenceville, Pennsylvania, to add a manufacturing site. The announcement was dated February 25, 2021.
International Paper acquired the Molded Fiber division of Berkley International, Berkley MF LLC, which operates a molded fiber plant near Reno, Nevada. The purchase price was undisclosed.
Shintech Louisiana LLC will spend $1.49 billion to expand its Plaquemine manufacturing operations in Louisiana. The announcement was dated July 27, 2018.
Polyplex USA announced a $90.6 million expansion of its Decatur, Alabama facility to add a BOPET polyester film line, creating 100 jobs. Construction is scheduled to begin in the first half of 2021, with production by the end of 2022.
Folding carton maker Malnove is spending $7.4 million to upgrade a production line and grow capacity at its Jacksonville plant, creating 10 new advanced manufacturing jobs and retaining 182.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
Trendsetter Engineering of Houston has been awarded a contract by LLOG Exploration Offshore for a subsea manifold and TCS connection systems for the Spruance and Dome Patrol subsea developments, with delivery slated for Q2 2021. Production valves will be sourced from Advanced Technology Valve in Colico, Italy.
Mill Rock Packaging Partners, backed by Mill Rock Capital, has acquired All Packaging Company, a custom paperboard packaging manufacturer with facilities in Utah and Colorado. Terms were not disclosed.
Spanish company Oliva Torras has acquired 100% of BSI, which designs and makes compressor mounting equipment for refrigerated vehicles and buses near Dallas, Texas. BSI has about 50 employees and annual sales of about 10 million euros; the price was not disclosed.
T. Marzetti Co. increased the plans for its Horse Cave, Kentucky operation, raising the expansion's planned full-time jobs from 140 to 220. The investment is now $133 million, up from $93 million.
Shawmut Corporation created a Health & Safety business unit and retrofitted about 70,000 square feet at its West Bridgewater, Massachusetts facility to make isolation gowns and N95 respirators. It also installed new assembly lines and automated production systems.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
Moog will invest $10.7 million to move existing jobs and equipment from Blacksburg to a larger building in Falling Branch Corporate Park in Montgomery County, Virginia, adding 80,000 square feet and 75 new jobs.
Regal Beloit and Rexnord agreed to combine Rexnord's Process & Motion Control segment with Regal through a tax-free spin-off and Reverse Morris Trust transaction, creating a power transmission provider with about $4.1 billion pro forma 2020 revenue and $120 million targeted annual cost synergies.
JobsOhio provided Burrows, a Novolex brand, a $400,000 grant to invest in new machinery, equipment and infrastructure at its food-packaging plants in Franklin and Mount Vernon, Ohio, where more than 300 employees work.