General Motors plans to expand production capacity for its 10-speed transmission at its Romulus propulsion plant in Michigan, investing USD 20 million. The announcement was made in a press release on 19 February 2019.
Waterloo Container is seeking $207,050 in tax exemptions from the Seneca County IDA for a $2.28 million, 37,000-square-foot addition to its Seneca Falls facility, adding warehouse space and a bottle packing conveyor line and 22 new jobs.
Rockwell Automation and Schlumberger agreed to create Sensia, a joint venture offering integrated automation and measurement solutions to the oil and gas industry. The transaction is expected to close and begin serving customers in summer 2019, subject to regulatory approvals.
Mar-Bal acquired an adjacent 5-acre parcel from Painesville to build an expansion of between 20,000 and 35,000 square feet within the next three years, potentially adding 70-80 jobs.
Mar-Bal Inc. formally opened its new Altraset Composite Technologies production site in Painesville, Ohio, in August 2018. The 110,700-square-foot plant houses five mixing lines and 23 injection presses, with a total investment of about $15 million.
Phillips-Medisize, a Molex company, broke ground on a new 230,000 sq. ft. manufacturing facility in Hudson, Wisconsin, expected to create over 250 jobs and be completed between late 2019 and mid-2020.
SVZ USA will increase production capacity at its Othello, WA facility by adding an aseptic puree processing and packaging line, expected operational in Q3 2019.
Kordsa, a subsidiary of Sabanci Holding, has agreed to acquire Axiom Materials, a supplier of advanced composites. The acquisition is subject to regulatory approvals.
German film manufacturer RKW is investing $18.8 million into its production site in Franklin, KY, including construction of a new 30,000-square-foot manufacturing and warehouse facility and new equipment. The investment will create 30 new jobs.
AutoMate Label Solutions acquired the assets of Diverse Label Printing as part of its bankruptcy proceedings. AutoMate will continue manufacturing in Burlington, North Carolina.
Boston Scientific signed an agreement to acquire UK-based BTG for $4.2bn. The deal is expected to close mid-2019 after antitrust clearance.
General Dynamics Land Systems-Canada was awarded a $37.2 million contract to deliver 60 hardware kits for the U.S. Marine Corps' Light Armored Vehicle Reset Program. The kits address obsolescence and readiness issues.
Air Products agreed to provide its proprietary AP-C3MR liquefaction technology, equipment and process license for the three-train Golden Pass LNG export facility in Sabine Pass, Texas, which is due to start up in 2024. Value was not disclosed.
KLA-Tencor and Orbotech announced that China's SAMR provided antitrust clearance for their proposed merger. The merger is expected to close on February 20, 2019.
Mno-Bmadsen, the investment arm of the Pokagon Band of Potawatomi Indians, acquired a majority stake in Enmark Tool & Gage, a precision machining company serving aerospace, automotive, defense and machine tooling sectors. The deal closed on February 1, 2019.
Continental Batteries, a portfolio company of Incline Equity Partners, acquired Battery Distributors (BDI) on February 15, 2019.
HD MicroSystems (HDM) and American Semiconductor (ASI) announced a joint development agreement to drive adoption of ultra-thin chip packaging technology for rigid and flexible electronics markets, leveraging ASI's wafer-level chip scale packaging and HDM's polyimide materials.
The Chemours Co. announced the acquisition of Southern Ionics Minerals LLC, a minerals exploration, mining and manufacturing company headquartered in Jacksonville, Florida.
Moss/Kiewit, a joint venture, was awarded a $471 million contract for the Southport Turning Notch Expansion and Crane Rail Improvements at Port Everglades in Fort Lauderdale, Florida. The project is slated for completion in July 2023.
The Toro Company announced a definitive agreement to acquire Charles Machine Works, parent of Ditch Witch, for $700 million in cash. The transaction is expected to close before the end of Toro's fiscal 2019 third quarter.
Clark Material Handling Company will invest $4.6 million to add a third production plant at its North American headquarters in Lexington, Kentucky, to produce S-Series combustion engine forklifts for the U.S. market. Series production is expected to start in summer 2019.
Cargill commissioned a new Krones turnkey PET line for edible oil at its Sidney, Ohio plant. The line was commissioned in July 2017 and achieved a 98.6% acceptance rate on the first try.
Kampi Components received a Department of Defense order valued at $3,114,759 to supply the Defense Logistics Agency with 113 aircraft fuel cells made by Robertson Fuel Systems in Tempe, Arizona.
Industrial Flow Solutions, a portfolio company of May River Capital, acquired Stancor LP of Monroe, Connecticut and BJM Pumps of Old Saybrook, Connecticut, in a merger with the sellers Longview Asset Management and Knox Capital. No financial terms were disclosed.
The Shaddix Company is expanding and relocating to a new facility in Vinemont, Alabama. Phase I involves a $2.5 to $3 million investment for site acquisition and construction, with a five-year projection of $5 million. The company will add six to eight full-time positions during phase I.
General Rubber Corporation was awarded a contract by Chicago Bridge and Iron Company to supply rubber expansion joints for the Plant Vogtle nuclear generating station Units 3 and 4. The contract includes hundreds of expansion joints ranging from 3-inch to 120-inch diameter.
Heartland Automation invested over $850,000 in its machine shop in Georgetown, Kentucky, upgrading and expanding to support mobile robot part manufacturing and integration. The investment includes new CNC machining centers from Haas Automation and a waterjet from OMAX.
Tenneco announced that the new publicly traded aftermarket and ride performance company resulting from its separation into two independent companies will be named DRiV Incorporated. The spinoff is expected to be completed in the second half of 2019.
Raytheon won a $406 million IDIQ contract from the U.S. Army for ARC-231A radio systems, including upgrades, production and support for up to 5,000 radios over five years.
Evonik Cyro LLC has commenced operation of an additional compounding line for ACRYLITE polymethyl methacrylate (PMMA) at its site in Osceola, Arkansas, nearly doubling compounding capacity. The expansion was announced in January 2018.
The Naval Air Warfare Center Weapons Division awarded five indefinite-delivery/indefinite-quantity contracts with a combined ceiling of $20 million to Bahfed Corp., Impact Components, Laguna Components Inc., Pacific IC Source, and Vizocom ICT LLC for commercially-available electronic components. Work will be performed across five locations and is expected to be completed by February 2024.
ProMach, a packaging machinery solutions provider, acquired Code Tech Corporation, a supplier of inkjet marking and coding solutions based in Princeton, New Jersey. Code Tech's leadership will continue to lead thermal inkjet development within ProMach.
Riekes Equipment and Bublitz Material Handling officially merged, combining operations under the Riekes Equipment name headquartered in Omaha, Nebraska. Riekes originally purchased Bublitz in 2010, but the dealerships operated independently until now.
Boeing and Safran unveiled a new joint venture, Initium Aerospace, to design, develop and service auxiliary power units for aircraft. The JV will operate in San Diego and combine Boeing's aircraft knowledge with Safran's propulsion system expertise.
Emerson completed the purchase of General Electric's Intelligent Platforms business, adding PLC technologies to expand its automation capabilities in machine control and discrete applications. The acquired business is based in Charlottesville, Virginia, with approximately 650 employees and 2017 sales of $210 million.
Plastic Injection Molding Inc. added a new 28,000-square-foot manufacturing plant in north Richland, Washington, as a $3.1 million expansion. The plant will allow the company to add a 400-ton plastic injection machine and new robotics technology.
BWX Technologies broke ground on a four-year, $80 million expansion of its Barberton manufacturing plant, which makes naval nuclear power plant components. The expansion is expected to add more than 80 jobs and includes installation of a vertical turning machine.
Boeing and Safran announced the name of their 50-50 joint venture, Initium Aerospace, to design, build and service Auxiliary Power Units (APUs). The joint venture received regulatory approvals in November 2018.
Cargill Protein opened its new state-of-the-art North American protein office/headquarters in Wichita, Kansas.
Tozour Energy Systems became the exclusive distributor of Mitsubishi Electric Trane HVAC products in Pennsylvania and southern New Jersey, following the joint venture between Mitsubishi Electric and Trane.
Wanhua Chemical (America) appointed Brenntag Specialties as an authorized distributor for its portfolio of aromatic isocyanates, polyether polyols, coatings additives, and polyurethane dispersions in America.
Arconic announced a $100 million investment to expand hot mill capability and add downstream equipment at its Tennessee Operations facility near Knoxville, Tennessee. The project is expected to create 70 jobs and be complete by Q4 2020.
Genuine Parts Company's Motion Industries has entered into a definitive agreement to acquire Axis New England and Axis New York, automation and robotics companies, for an undisclosed amount. The deal is expected to close on March 1, 2019.
Anomatic Corporation acquired CP Technologies Company, an injection molding firm in Columbus, Ohio. The deal expands Anomatic's capabilities in packaging for beauty, personal care, and spirits markets.
Brazil-based WEG SA acquired the energy storage system business of US-based Northern Power Systems, which designs and manufactures energy storage systems in Barre, Vermont.
Johnson & Johnson announced that its subsidiary Ethicon has agreed to acquire Auris Health for approximately $3.4 billion in cash, with additional contingent payments up to $2.35 billion. Auris Health develops robotic technologies for bronchoscopic procedures.
Alto-Shaam will expand its headquarters and manufacturing facility in Menomonee Falls, Wisconsin, beginning in spring 2019, with phases including a south expansion for finished goods and warehouse, and a new central lobby.
Boeing and Safran announced the name of their 50-50 joint venture to design, build and service auxiliary power units: Initium Aerospace. Initial work is being done in San Diego, California.
Ortec, a biomaterial and polymer technology company, plans to invest $20 million to expand its existing Pendleton facility in Anderson County, South Carolina, creating about 18 new jobs. Hiring is projected to begin in the second quarter of 2019.
Danone SA signed a multi-year packaging supply agreement with Loop Industries to buy 100% sustainable, upcycled Loop-branded PET produced at Loop's joint venture facility with Indorama Ventures in the US.