Steris won a $393.8 million and Karl Storz won a $371.8 million contract extension from the U.S. Department of Defense to supply integrated operating room components, accessories and services. Both contracts have a performance completion date of April 24, 2020.
Lockheed Martin inaugurated a new F-16 production line in Greenville, South Carolina, with tooling moved from Fort Worth, Texas. The line will produce F-16 Block 70 aircraft starting later in 2019, creating over 400 new jobs.
McNeilus Steel will invest $18.8 million to build a 100,000-square-foot manufacturing facility in Morristown, Tennessee, creating 72 jobs. The plant is expected to open in the first quarter of 2020 and will fabricate metal parts for local OEMs.
Raven Industries' Engineered Films division completed installation and qualification of an advanced seven-layer barrier extrusion line (Line 15) at its manufacturing facility in Sioux Falls, South Dakota, increasing capacity for barrier film, tubing and sheeting.
NorthStar Medical Technologies closed a $100 million secured financing with Oberland Capital to expand domestic Mo-99 radioisotope production capacity and implement RadioGenix System enhancements.
enVerid Systems commissioned twenty-two HLR modules at 155 North Wacker Drive in Chicago, marking the first deployment of its HVAC Load Reduction technology in the metropolitan Chicago area.
Arlington Capital Partners completed its purchase of Triumph Group's forming and fabrication facilities and formed a new company, Radius Aerospace, based in Hot Springs, Arkansas.
IRRAS AB acquired assets and intellectual property from DermaPort, Inc., associated with AMI-USC, including complementary medical device technology for neurocritical care. IRRAS also established a collaborative relationship with AMI-USC.
Mitsubishi Chemical Corporation announced it will increase annual production capacity of SoarnoL EVOH resin by 3,000 tons to 41,000 tons at its Noltex subsidiary in Texas, USA. The expansion is slated to take effect in summer 2020.
Duke Energy and Siemens have an innovative agreement where Siemens will build and test its SGT6-9000HL natural gas turbine at Duke Energy's Lincoln Combustion Turbine Station in North Carolina. The 402-MW unit will serve Duke Energy customers during a four-year testing period, after which Duke will receive the unit at a discount.
Kelvion has opened an HVAC heat exchanger and cooling systems factory in the former Rocore plant at 5050 S. National Drive in Knoxville, Tennessee, after investing more than $7 million. It employs 50 people and plans to add about 60 more jobs.
U.S. Corrugated Inc. plans to invest about $75 million in a corrugated packaging operation in Lebanon, Indiana, creating about 140 jobs. The Lebanon City Council approved an incentive package for the project.
Allison Transmission Holdings Inc. purchased Vantage Power, a London-based electrified propulsion technology company, and AxleTech's electric vehicle systems division. The acquisitions aim to advance Allison's electrification strategy for commercial vehicles.
Evoqua Water Technologies has been selected by Carolina Water Service to design, manufacture and install a new wastewater treatment system at Connestee Falls, North Carolina. The system will treat 0.54 million gallons per day.
Johnson Controls officially opened the Rooftop Center of Excellence in Norman, Oklahoma on April 17, 2019. The 900,000-square-foot facility includes nearly 400,000 square feet of new lab and manufacturing space and renovations to over 150,000 square feet of office space.
Sirrus completed a $2 million expansion of capacity for methylene malonate monomers and oligomers. The facility will make 2 metric tons per month of the reactive materials.
Tronox completed its acquisition of Cristal's titanium dioxide business after FTC approval. The sale of Cristal's Ashtabula, Ohio plant to Ineos is expected to close on May 1.
Air Products announced an agreement to build, own and operate a second air separation unit at Big River Steel's Osceola, Arkansas mill. The new ASU will produce over 250 tons per day of oxygen and is scheduled to be onstream in January 2021.
Tekni-Plex Inc. entered a definitive agreement to acquire three manufacturing facilities in Milwaukee, Ashland and Madison from Amcor Limited for approximately $220 million. The deal resolves antitrust concerns related to Amcor's merger with Bemis.
Amcor entered a binding agreement to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash as part of remedies for its Bemis transaction, with completion expected on 15 May 2019.
Amcor agreed a binding deal to sell its Milwaukee, Ashland and part of Madison plants to Tekni-Plex for $215 million cash to resolve US DOJ concerns over its Bemis merger.
Laborie Medical Technologies completed its tender offer for Cogentix Medical at $3.85 per share, acquiring approximately 84.5% of outstanding shares. The merger is expected to close on April 23, 2018, making Cogentix a wholly owned subsidiary.
Triton Metal Products plans to start construction in April 2019 on a $1.5 million expansion of its Hamilton plant, adding 20,000 square feet, and invest $8.1 million in new equipment including laser cutters and robotic welders. The expansion is expected to increase workforce by more than 10%.
Custom Profile purchased all of Blackford Capital's stock ownership, making the company employee-owned through an Employee Stock Ownership Plan (ESOP). The transaction was agreed on April 19, 2019.
Varian Medical has won an approximately $7.1 million delivery order from the U.S. Department of Defense to supply two linear accelerator systems to the Navy. The contract was announced on April 19, 2019.
Foxconn stated it remains committed to building a display plant and tech research facilities in Wisconsin, with construction on the LCD manufacturing facility to commence in summer 2019, despite renegotiation talks over tax incentives.
Graniteville Specialty Fabrics installed a new $1.7 million Regenerative Thermal Oxidizer at its Graniteville, South Carolina plant, replacing older units to reduce emissions and natural gas consumption.
Kuraray is investing approximately $15 million to install plant-based high barrier resin production in Houston, Texas, with the plant scheduled to be completed in September 2019 and operating in early 2020.
Mercury Systems announced the acquisitions of Athena Group, a Gainesville, Florida-based provider of cryptographic and countermeasure IP for defense computing, and Syntonic Microwave, a Campbell, California-based provider of advanced synthesizers and microwave converters for SIGINT and ELINT applications. The acquisitions aim to expand Mercury's addressable market in secure processing subsystems for aerospace and defense.
GenServe, a portfolio company of GenNx360 Capital Partners, acquired Power Performance Industries, a generator maintenance and repair services provider based in Yonkers, New York.
Decatur Plastics Products will invest $11.4 million to expand its North Vernon, Indiana headquarters and production operations, adding 100,000 square feet over two phases. The expansion will create up to 70 new jobs by 2021.
Tristone Flowtech held a dedication ceremony for its new $24 million auto-hose plant in Mooresville, North Carolina. Production is expected to begin in late June 2019, with a full workforce of 300 within two years.
Evoqua Water Technologies was selected by Carolina Water Service to design, manufacture and install a new wastewater treatment system at Connestee Falls, North Carolina. The system will treat 0.54 million gallons per day.
Texas Instruments announced it will build a new 300mm analog semiconductor wafer fabrication facility in Richardson, Texas. The project is expected to create over 488 jobs and represent more than $3.1 billion in capital investment.
Nucor Tubular Products announced plans to expand its Trinity, Alabama location with new production, finishing and packaging equipment, investing $27.2 million and creating 35 new jobs.
AngioDynamics agreed to sell its NAMIC fluid management portfolio to Medline Industries for $167.5 million, including its Glens Falls, New York manufacturing facility and related jobs.
The European Commission approved ArcelorMittal's plan to sell some European plants to secure final approval for its €1.8 billion acquisition of an Italian steel producer.
AGCO invested $5.7 million to relocate production of its Farmer Automatic Aviary Systems to its Bremen, Alabama facility, adding a 32,000-square-foot expansion and creating 50 jobs.
Central Industrial Manufacturing, a precision CNC machining company based in Harbor Springs, Michigan, has acquired Buchanan-based GP Manufacturing, a metalworking and welding machine shop. The deal includes clients, assets, and custom tooling abilities.
Kratos Defense & Security Solutions unveiled the first MQM-178 Firejet target drone produced at its new unmanned aircraft production facility in Oklahoma City, and announced the facility will also produce the XQ-58A Valkyrie. The facility opened in November 2018.
Infiltrator Water Technologies purchased Presby Environmental, a manufacturer of Enviro-Septic wastewater treatment technologies.
Cascades invited media to the official inauguration of its packaging plant in Piscataway, New Jersey, a US$76 million investment, scheduled for April 18, 2019.
Emser Tile opened its fourth North American distribution center in Coral Springs, Florida, a 220,000-square-foot facility to serve the Florida market. A ribbon cutting was held on April 16, 2019.
Naval Air Systems Command awarded Pratt & Whitney a $202 million modification to a previously awarded advance acquisition contract for long-lead material and components for Lot 14 F135 propulsion systems for the F-35.
Greco Aluminum Railings, a subsidiary of CSW Industrials, has acquired Petersen Metals, a manufacturer and installer of architectural metal products based in Hudson, Florida. The acquisition expands Greco's market focus and nearly doubles its manufacturing capacity.
Novelis Inc. announced it is supplying premium aluminum automotive body sheet for the 2019 Toyota RAV4, including hood, fenders and lift gate, helping reduce vehicle weight.
Mansfield-Martin Exploration Mining, Inc. signed a memorandum of understanding to acquire the majority of shares of EuroGas AG from ZB Capital AG. The transaction will involve issuing shares to ZB Capital AG.
ExxonMobil announced a $500 million investment in a new polypropylene plant at its Polyolefins site in Baton Rouge, Louisiana. The project will create over 60 jobs and over 600 construction jobs, with construction slated to start in 2020.
Dialog Semiconductor completed the transaction with Apple to license its power management IC technologies and transfer assets, including over 300 staff, to Apple. Dialog will receive $600 million total.
Genstar-backed Pretium Packaging acquired Olcott Plastics of St. Charles, Illinois, a maker of injection-molded beauty and healthcare packaging. It is Pretium's sixth add-on acquisition since Genstar's 2014 investment.