Private equity sponsor Altamont Capital Partners invested in Key Container Corporation, a Pawtucket, Rhode Island corrugated packaging producer, with Monroe Capital as administrative agent on a senior credit facility, announced April 1, 2026.
Packaging Corporation of America agreed to purchase Greif's containerboard business for $1.8 billion in cash, including two US mills with about 800,000 tons of capacity and eight corrugated plants, with closing expected by the end of PCA's third quarter.
Manchester Tank and Equipment, a division of McWane Inc., plans a propane tank manufacturing facility in Campbellsville, Kentucky, investing over $10 million and creating 175 full-time jobs. The plant will occupy an existing 238,000 sq. ft. building and supply components to the company's facilities.
Lotte Chemical USA and Westlake Chemical Corporation held an official opening ceremony on May 9, 2019, for their joint-venture ethylene and ethylene glycol production facility near Lake Charles, Louisiana. The $3.1 billion project broke ground in June 2016 and includes an ethane-cracker plant and an ethylene glycol plant on approximately 250 acres.
Carbon Activated has taken over a former Georgia-Pacific plant in Mount Hope, West Virginia, to establish a distribution and servicing location for activated carbon, with plans to convert it into a manufacturing facility within 1-1.5 years, creating 10-20 immediate jobs and up to 70 more later.
AEA Investors' Middle Market Private Equity team has closed the acquisition of API Technologies Corp., a manufacturer of high-performance RF, microwave and electromagnetic spectrum management components for aerospace, defense and space applications.
EPTAM Precision Solutions, a portfolio company of New Heritage Capital, has acquired Micro Molding Inc. and MedConnection LLC, providers of plastic injection molding and catheter tipping solutions in Phillipsburg, New Jersey.
Philips Medical Systems MR, Inc. plans a $13.2 million expansion of its magnetic resonance component manufacturing facility in Latham, Albany County, creating 94 new jobs.
AmSty and Agilyx announced a joint venture, Regenyx LLC, to recycle post-consumer polystyrene. Regenyx will assume Agilyx's Tigard, Oregon facility (10 tons/day) and plans a larger 50 tons/day regional facility on the West Coast.
NovoCarbon Corporation and Versarien Graphene have executed a collaboration agreement to develop a graphene supply chain with processing in the USA and target applications for various industries.
Boston Scientific has agreed to acquire Vertiflex, developer of the Superion Indirect Decompression System for lumbar spinal stenosis, for $465 million upfront plus contingent payments.
Zekelman Industries contracted SMS group to supply a new 28-inch ERW tube welding line for its Atlas Tube division. The line will be the largest continuous ERW tube mill in the world, with capacity over 400,000 tons per year, to be installed at an existing site.
Barrick Gold Corp. and Newmont Goldcorp are nearing regulatory approval for a joint venture called Nevada Gold Mines. Barrick will hold 61.5% and Newmont Goldcorp 38.5%, with Barrick operating the mines. The venture is expected to close by end of June 2019.
CalPortland opened a new rapid fill bulk cement loading station at its Oro Grande, California cement plant on May 9, 2019, completing a $58.5 million modernization program that included a new finish cement grinding mill commissioned in March 2019.
CZM Foundation Equipment announced it will construct a 40,000-square-foot expandable facility in Interstate Centre II in Bryan County, Georgia, and relocate its international headquarters and engineering from Brazil to the same location. The company expects to reach 75 employees over three years and double machine production capacity.
Continental Diamond Tool announced a $5.5 million expansion of its New Haven, Indiana facility, adding 15,000 square feet and creating up to 226 jobs over four years. The expansion began in late 2018 and is expected to be completed by July 2019.
New-Indy Containerboard, a joint venture of Schwarz Partners and Kraft Group, acquired Proactive Packaging and Display, a corrugated display packaging maker in Ontario, California, on 9 May 2019. Mesirow Financial advised the seller and no financial terms were disclosed.
AMERICAN Flow Control, the valve and hydrant division of AMERICAN Cast Iron Pipe Company, plans a 30,000-square-foot research and development center in Crawfordsville, Indiana, costing $9 to $12 million. The facility is expected to employ about eight R&D staff once completed.
Absolute Machine Tools established a partnership with Sussex Tool & Supply, relocating its Elgin, IL operation to Rockford, IL, and expanding service and engineering departments.
Techmer PM launched a new high-capacity, twin-screw production line at its Clinton, Tennessee, site to support large-scale 3D printing. The line was announced at a ceremony on May 7, 2019, as part of a collaboration with Oak Ridge National Laboratory and IACMI.
ArcelorMittal and Nippon Steel & Sumitomo Metal will jointly acquire ThyssenKrupp's TK Steel USA plant in Calvert, Alabama, for $1.55 billion, forming a 50/50 joint venture. The plant has a capacity of 5.3 million tonnes per year, serving automotive and construction sectors.
Saab announced it will build a new production facility in West Lafayette, Indiana, for the T-X advanced trainer jet developed with Boeing. The company will invest $37 million and hire at least 300 employees, with construction starting in 2020.
Inventive LLC, a manufacturer of towing products and off-road accessories, will invest $14 million in a new facility in Mountain Home, Idaho, creating up to 50 jobs by 2021.
Bitrez Ltd has appointed Georgia-Pacific Chemicals as the exclusive distributor for its Curaphen specialty phenolics across the U.S., Canada and Mexico.
Digi-Key is building a 2.2 million square foot expansion facility in Thief River Falls, Minnesota, partnering with KNAPP for an automated order fulfillment system.
Makin Metal Powders Ltd., a UK-based metal powder manufacturer, plans to build a 75,000 sq ft plant in Clearfield, Pennsylvania, investing $10 million and creating 50 jobs.
Thrace LINQ completed installation of a new Andritz needlepunch nonwoven line at its facility in Roseville, Minnesota, with an investment of over $9 million.
Bombardier announced an order for five new Learjet 75 business jets, valued at $69 million, to be built at its Wichita facility.
Cree Inc. will invest up to $1 billion to expand its silicon carbide capacity in Durham, N.C., including an automotive-qualified 200mm silicon carbide fabrication plant and a materials mega-factory. Construction is expected to begin in 2019 with completion in 2024.
Meritor Inc. announced it entered into an agreement to acquire AxleTech from an affiliate of The Carlyle Group for $175 million. The acquisition is expected to close in Meritor's fiscal fourth quarter of 2019.
MCM Plastics will invest over $2.7 million to expand its plastics manufacturing operations in Holden, Louisiana, adding a new dryer system and 25,000 square feet of warehouse space. The project will retain 15 jobs and create 5 new direct jobs.
Zekelman Industries announced construction of the world's largest continuous ERW tube mill in Chicago, Illinois, with a $150 million investment. The mill will produce hollow structural sections and create over 75 jobs, with startup scheduled for September 2021.
Metal Pros is planning to build a new 48,000 square-foot facility near Wichita Eisenhower National Airport to meet growing demand.
BorgWarner announced a joint venture with Romeo Power Technology, with BorgWarner holding a 60% majority stake and a 20% stake in Romeo Power. The JV will produce battery modules and packs for hybrid and electric vehicles.
Flexpoint Sensor Systems entered a five-year agreement with Counted to supply Bend Sensor technology for Counted's Smart Blister Pack, which tracks opioid and medication use in real time.
Fudan Microelectronics Group selected Synopsys' DesignWare Bluetooth 5.0 Controller and PHY IP for its ultra-low-power general-purpose microcontrollers for IoT applications.
BorgWarner agreed to form a joint venture with Romeo Power Technology, with BorgWarner obtaining a 60% share, to develop and supply battery modules and packs for hybrid and electric vehicles.
Dover Corporation acquired the assets of All-Flo Pump Company, a maker of air-operated double-diaphragm specialty pumps, for $40.0 million in May 2019.
Cormo USA Inc. announced it will establish its first U.S. production plant in Rushville, Indiana, investing approximately $29.5 million and creating 250 new jobs by the end of 2023. The facility will process corn field waste into sustainable peat moss substitute and foam products.
SPI Blow Molding, LLC purchased and placed into production a new AH 550-100 blow molding machine from Pet All Manufacturing Inc. at its Coloma, Michigan plant to increase production volume and efficiency.
HarbisonWalker International is investing to increase capacity by 25% in 2019 at its White Cloud, Michigan facility, which manufactures refractory products for steelmakers, including warehouse and shipping expansion.
Hamilton Caster & Manufacturing Co. plans to build a 50,000-square-foot facility on the site of the former Hamilton Inn, with a $200,000 city grant, creating 10 new jobs over three years.
Liebherr USA's Mining Equipment Division added American State Equipment to its dealer network to serve Michigan, Minnesota, Wisconsin, and parts of Illinois and Indiana.
Merck & Co., Inc. plans to invest up to $1 billion over three years to expand its manufacturing operation in Elkton, Virginia, adding 120,000 square feet and creating about 100 new jobs to increase HPV vaccine production.
California State Treasurer awarded Northrop Grumman a $17.7 million sales tax exclusion for the purchase of nearly $212 million in equipment to expand and upgrade its aerospace manufacturing factory in Palmdale.
Prysmian Group announced it will expand its Paragould facility, investing $2.8 million and adding 12 jobs. The plant produces copper, aluminum and fiber optic wire and cable products.
CYC Engineering acquired the Magnum RT Step and Jeep Bumper brands from Innovative Creations (ICI). Terms were not disclosed.
Marvell Technology Group announced a definitive agreement to acquire all outstanding shares of Aquantia Corp. for $13.25 per share in cash. The acquisition strengthens Marvell's Ethernet portfolio for automotive, enterprise, data center and access markets.
Ian and Cheryl Bernstein bought Trenton Corrugated Products, a corrugated box maker in Trenton, New Jersey, from its founders. A $2.5 million M&T Bank loan with NJEDA participation financed the purchase of the 160,000-square-foot building, and the company expects to hire 10 employees.
Grand Forks-based True North Equipment announced it will acquire Evergreen Implement, a John Deere distributor with stores in Minnesota. The acquisition will combine the businesses, employing about 180 people, with no job losses.