H2O Innovation Inc. entered a binding agreement to acquire a privately-owned provider of water and wastewater asset management services for municipal utilities in Texas for US$6.71 million. The acquisition is expected to add $17.1 million in annual revenues.
Komatsu Mining Corp. announced plans to build a new headquarters and manufacturing campus in Milwaukee, Wisconsin, with a $285 million investment. The project is expected to create more than 400 jobs and be completed in 2020.
USA Rare Earth Inc. selects Cherokee County, South Carolina, for its first South Carolina operation with an undisclosed investment.
Mosdorfer LLC selects Oconee County, South Carolina, for its first U.S. operation with a $44.55 million investment creating 107 new jobs.
Detpak USA selects Spartanburg County, South Carolina, for its first U.S. manufacturing operation with a multi-million-dollar investment creating over 50 new jobs.
Fortified Solar expands Greenville County, South Carolina, operations with a $22.75 million investment, creating over 151 new jobs.
UFP Packaging invests $5.31 million in a new Cherokee County, South Carolina, operation, creating 136 new jobs.
Tyson Steel Building Products selects Pickens County, South Carolina, for its first South Carolina operation with a $15.15 million investment and approximately 20 new jobs.
Adeptus USA selects Anderson County, South Carolina, to establish its first South Carolina operation with a $215.56 million investment and 217 new jobs.
CurTec USA is expanding its operations in Oconee County, South Carolina, with a $10 million investment and 10 new jobs.
Porcher Industries, through its subsidiary BGF Industries Inc., will invest $7 million to establish a new U.S. headquarters and R&D facility in Danville, Virginia, moving from Greensboro, North Carolina. The project is expected to create 65 jobs.
US aftermarket support specialist Wencor Group acquired component repair shop Silver Wings Aerospace, located outside Miami.
Indorama Ventures PCL (IVL) acquired FiberVisions Holdings LLC, a producer of specialty polyolefin staple fibers for nonwovens, through its joint venture ES FiberVisions. FiberVisions has production facilities in the US, Denmark, Argentina and China with over 200,000 tonnes/year capacity.
Arcosa, Inc. announced a definitive agreement to acquire ACG Materials from an affiliate of H.I.G. Capital for approximately $315 million. ACG is a producer of specialty materials and aggregates with 24 active mines and 5 production facilities.
East Penn Manufacturing will expand its finishing distribution center operations in Temple, Texas, with a new facility, over $106 million in capital investment, and creation of 266 new jobs.
New Water Capital portfolio company Myotek acquired Amptech, a value-added manufacturer of electronics and electrical assemblies based in Manistee, Michigan. The acquisition will expand Myotek's domestic manufacturing capabilities for automotive lighting products.
Baker Hughes, a GE company, and General Electric announced a series of long-term agreements covering collaboration on rotating equipment, GE Digital software access, and other operational and pricing matters.
Bausch Health Companies Inc. announced it will invest to expand contact lens manufacturing capacity at its Bausch + Lomb sites in Rochester, N.Y. and Waterford, Ireland, adding multiple production lines for daily disposable silicone hydrogel contact lenses.
Andritz has received an order from Nucor Steel to supply a hot-dip galvanizing line for its facility in Hickman, Arkansas.
Norfolk Iron & Metal Co. and O'Neal Industries Inc. have entered into a definitive agreement in which Norfolk Iron will acquire O'Neal Flat Rolled Metals LLC. The closing is expected by year end.
Spirit AeroSystems plans to add 320 new jobs as part of an $18 million industrial revenue bond request for a new manufacturing building at Air Capital Flight Line in Wichita, Kansas. The new jobs have an average annual wage of $54,500.
Brookfield Business Partners and Caisse de dépôt et placement du Québec agreed to acquire Johnson Controls' Power Solutions battery business for approximately US$13.2 billion.
Nylene broke ground on Nov. 13, 2018 on an $8 million expansion at its Henderson, Kentucky plant, adding an 80,000 sq ft building and 40 jobs, with completion expected by July 2019.
Leslie Controls, a CIRCOR International brand, was awarded a $5.65 million contract by the U.S. Navy to supply valves for ten Block V Virginia-class submarines, with deliveries of two shipsets per year over five years.
Petoskey Plastics celebrated Phase I of its plant expansion in Morristown, Tennessee, which will encompass a $30-plus million investment and provide more than 70 jobs.
SMTC Corporation acquired all outstanding shares of MC Assembly Holdings for $65 million at closing, with up to $5 million additional contingent consideration. The deal unites two electronics manufacturing services companies.
US-based Scovill Fasteners has acquired Japanese rival Morito Co Ltd, integrating their businesses. In the US, Morito subsidiary Kane-M Inc joins Scovill to form Morito Scovill Americas LLC; in Asia, they form Morito Scovill Hong Kong Company Limited.
Goodyear is consolidating its two U.S. mold facilities into one and will close its Tall Timbers mold plant in Findlay, Ohio.
The proposed combination of Dominion Energy Inc. and SCANA Corp. received approval from the U.S. Nuclear Regulatory Commission for the transfer of operating licenses for V.C. Summer units. The merger is still contingent on other approvals.
Marathon Petroleum Corp. closed the acquisition of all outstanding shares of Andeavor, with expected annual run-rate synergies of approximately $1 billion within three years.
Eastman Kodak agreed to sell its Flexographic Packaging Division to private equity firm Montagu for a base price of $340 million, with up to $390 million total including earn-outs and prepayments.
Dow Chemical has contracted IMEC to design and construct a new chiller plant at its Marlborough, Massachusetts facility, adding 1,400 tons of cooling capacity with two 700-ton chillers. The project is scheduled for completion in Spring 2019.
Honeywell completed its acquisition of Transnorm, a warehouse automation solutions provider, from IK Investment Partners for approximately €425 million. Transnorm will become part of Honeywell Safety and Productivity Solutions.
Premier Tech will invest $1.89 million to expand its peat moss and pine bark mixing and distribution facility in King and Queen County, Virginia, creating 20 new jobs and increasing production capacity.
Hwashin America Corp. will invest $26 million to expand its manufacturing operation in Greenville, Alabama, creating 50 new jobs. The expansion includes new equipment and tax abatements approved by the Greenville City Council.
Truform Manufacturing LLC, a subsidiary of Sisler Manufacturing Group, will invest approximately $14 million to expand its metal stamping and assembly facility in Dickson, Tennessee, adding 40,000 square feet and creating nearly 90 jobs. The expansion is expected to be operational in Q3 2019.
Boeing and Safran have received regulatory approvals and started operations for a 50/50 joint venture to design, build and service aircraft Auxiliary Power Units. Initial design work will be in San Diego, California.
Boeing and Safran have received regulatory approvals and launched a 50/50 joint venture to design, build and service aircraft Auxiliary Power Units (APUs). Initial design work will be performed in San Diego, California.
II-VI Incorporated has agreed to acquire Finisar Corporation in a cash and stock transaction valued at approximately $3.2 billion. The transaction is expected to close in mid-2019.
Stryker closed its $1.4 billion acquisition of K2M, paying $27.50 per share. K2M will become a wholly owned subsidiary of Stryker.
ForeScout Technologies acquired OT security company SecurityMatters for $113 million to boost its ability to deliver security in enterprise and industrial environments, particularly for operational technology and industrial control systems.
UPS received a permit to install a $77.5 million conveyor system as part of a $196 million expansion of its Westside Industrial Park parcel shipping hub in Jacksonville, Florida. The expansion will nearly double the facility to over 900,000 square feet and create 10 jobs.
Fortis Solutions Group completed the purchase of two US packaging companies, Austin Label and Premier Georgia Printing and Labels, to strengthen its product portfolio and national footprint.
Agilyx signed a letter of intent with Americas Styrenics (AmSty) to form a joint venture that will take over operations at Agilyx's Tigard, Oregon facility and develop a new 50-ton-per-day PS recycling facility.
Grundfos expanded its U.S. footprint with a new facility in Deerfield Beach, Florida, serving as a distribution hub for water and wastewater pumps, controls and accessories, and offering service and testing. A ribbon-cutting ceremony was held on November 8, 2018.
Andes Coil Processors LLC announced that its Gary, Indiana, toll processing facility has added a .250 in. edging and conditioning/correction line.
Evonik Industries agreed to acquire PeroxyChem, a producer of hydrogen peroxide and peracetic acid, from One Equity Partners for $625 million. The deal will create a peroxygens business with annual sales of about $800 million.
Fibrotex USA is establishing a new state-of-the-art vertical manufacturing facility in McCreary County, Kentucky, to produce the ULCANS camouflage system, creating hundreds of jobs.
Specialty chemical manufacturer MFG Chemical acquired Gulf Bayport Chemicals LP, a manufacturer of maleic anhydride derivatives with plant operations in Pasadena, Texas.
A joint venture of Burns & McDonnell and Hitachi T&D Solutions was selected by PacifiCorp to design and build two new substations and upgrade a third in Wyoming, supporting over 1,000 MW of new wind generation.