Industrial Opportunity Partners (IOP) announced an investment in Reed's Metals through its existing portfolio company Union Corrugating Company. Reed's is a manufacturer and distributor of metal roofing systems and pre-engineered metal buildings, headquartered in Brookhaven, Mississippi. Terms were not disclosed.
Stryve Biltong announced the grand opening of a 52,000 square foot production facility in Madill, Oklahoma on November 15, 2018, expected to create 50-75 jobs in 2019.
Inji Controls (Injicontros) announced a supply contract with General Motors LLC for a multi-valve CSS 625T CCV, valued at 85.13 billion KRW, with a contract period from November 8, 2018 to December 31, 2028.
Gnotec Group, an automotive supplier, is locating new operations in Orangeburg County, South Carolina. The $5.9 million investment will create 78 jobs in a 30,000-square-foot facility, expected to come online in the first quarter of 2019.
Compression technology startup Recovery Force and Jabil have joined forces to produce a mobile compression platform to enhance circulation, using shape-changing memory fibers embedded in garments and footwear.
Dentsply Sirona announced restructuring plans that will eliminate 6% to 8% of its workforce as part of cost reduction efforts.
Schneider Electric inaugurated a 112,000-square-foot expansion of its El Paso, Texas operations, creating 120 jobs to support production of energy management and automation products for the data center market. The new plant, named El Paso 3, will begin production in November 2018 and ramp up to full capacity in Q1 2019.
W.W. Grainger will proceed with an $80 million blanket purchase agreement to provide industrial supplies to the Air Force's Warner Robins Air Logistics Complex, after a court rejected a protest by MSC Industrial.
Hexagon Composites signed an agreement to acquire the remaining 50% of Agility Fuel Solutions, valuing Agility's equity at USD 250 million on a 100% basis. Closing is expected in January 2019.
Race Winning Brands, a portfolio company of Kinderhook Industries, acquired Falicon Crankshafts Components, a manufacturer of high-performance powersports engine components. Financial terms were not disclosed.
Novelis is building a new automotive aluminum plate plant in Guthrie, Kentucky, at a cost of $300 million. The plant is expected to go into production in mid-2020.
Kuehne + Nagel announced a multi-year contract with Pratt & Whitney to manage a 300,000 sq ft aftermarket spare parts distribution center in Atlanta, Georgia.
LafargeHolcim announced plans to build three wind turbines at its Paulding, Ohio cement plant, generating over 12 million kWh annually. Construction starts December 2018.
Orion Group Holdings' concrete segment, TAS Commercial Concrete Construction, was awarded a $9 million contract for the construction of a Fine Arts, Athletics Complex and Site Package in Arlington, Texas. Work includes site concrete, foundations, walls, and other structural concrete components.
Huvis Corp. and Indorama Ventures Public Co. Ltd. formed a 50-50 joint venture at Indorama's Auriga Polymers subsidiary in Spartanburg County, South Carolina, to produce low-melting fiber. The $48 million investment will create 50 jobs.
Nidec Minster Corp. is seeking a tax abatement for a 20,000-square-foot addition to its manufacturing facility in Minster, Ohio. The $6.05 million expansion is expected to create 25 new jobs and $1.2 million in new payroll.
Qorvo Inc has been awarded a four-year contract by the US Air Force Research Laboratory to develop a unified gallium nitride (GaN) modeling framework. The contract aims to accelerate GaN device design for defense applications.
GE Power Conversion signed an agreement making Sulzer an authorized provider of parts, new equipment and services. The deal covers service center repairs and field services including installation and maintenance.
Merit Medical Systems will expand in Utah, adding up to 1,010 jobs, $71 million in state revenue and an estimated $505 million in capital investment over 15 years.
AMD announced it will start shipping its first 7nm products, the Radeon Instinct MI60 GPU, to data centers by the end of 2018. Consumer graphics cards and Zen 2 processors will follow in 2019.
AMD announced a partnership with Amazon Web Services (AWS) to offer AMD's Epyc server chips in AWS cloud computing services. AWS will offer three popular products on servers using AMD Epyc processors.
WishBone Medical, Inc. announced the acquisition of Red Star Contract Manufacturing to provide sterile-packed kits and plastic injection molded single-use instruments for the pediatric orthopedic market.
Sulzer AG has acquired Brithinee Electric of Colton, California.
CHOMARAT has invested in a new pilot production line for laid scrim reinforcements at its construction plant in Anderson, South Carolina, USA. The line will become operational in early 2019.
Sika acquired the global Concrete Fibers business from Propex Holding, including a plant in Chattanooga, Tennessee, and sales operations. The business generates annual sales of CHF 30 million.
KPS Capital Partners' portfolio company C&D Technologies has agreed to acquire Trojan Battery Company from Charlesbank Capital Partners and other shareholders. The combined company will have over $1.0 billion in revenue and eight manufacturing facilities in the US, Mexico and China.
ResMed Operations signed an agreement on November 5, 2018, to acquire MatrixCare Holdings, a provider of software for the post-acute care market, with the merger effective November 13, 2018.
NSP-Minnesota, a subsidiary of Xcel Energy, agreed to purchase Mankato Energy Center I and II from Southern Power Company for approximately $650 million. The acquisition is subject to regulatory approvals and expected to close in mid-2019.
Innovative Automation announced the acquisition of Tridan International from SKF/Kaydon Corporation, including all operations and facilities in Danville, Illinois. The acquisition expands IA's capabilities in heat exchange technologies.
Barrick Gold Corp, being formed by Barrick's takeover of Randgold Resources, is in talks with Newmont Mining to combine their Nevada gold mining operations, according to sources. Annual savings from a combination could reach up to $300 million.
SOCOMEC US Holding Corp., a subsidiary of SOCOMEC SAS, acquired an interest in EPC Power Corp., a San Diego-based power conversion technology company. Terms were not disclosed.
Ellwood Group Inc. is investing tens of millions of dollars in new investment throughout the corporation, with a total of $200 million pumped into operations.
Commercial Metals Company (CMC) acquired certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. for $600 million in cash. The acquisition included four steel mills and 33 rebar fabrication facilities.
Heraeus Medical Components acquired Evergreen Medical Technologies and its subsidiary PhysioTest for an undisclosed sum.
IPG Photonics Corporation signed a definitive agreement to acquire Genesis Systems Group, a robotic welding and automation integrator, for $115 million in cash. The transaction is expected to close in Q4 2018.
Applied Industrial Technologies has acquired Fluid Power Sales, a manufacturer and distributor of fluid power components based in Baldwinsville, New York. Terms of the purchase were not disclosed.
Siemens will supply two gas turbines, one steam turbine and three generators for a 670 MW combined cycle power plant in St. Joseph, Indiana, and signed a 25-year service contract. Siemens Financial Services provided $50 million in financing.
Dana announced it will be the exclusive worldwide supplier of rear drive units for all versions of the Ford Edge starting with the 2019 model year. The systems are produced at Dana's plant in Columbia, Missouri, and a new facility in Chongqing, China, which will launch production later in 2018.
Linamar Corporation has become the manufacturing partner for Protean Electric's in-wheel electric drive systems, covering all ProteanDrive models for North American OEMs.
Continental AG has agreed to acquire the anti-vibration systems business of Cooper-Standard Automotive Inc. for $265.5 million, including five plants in Canada, France, India and the US.
Electrolux is in the midst of a $250 million expansion of its Frigidaire plant in Anderson, doubling its size and increasing assembly lines from one to four. The expansion is on schedule for completion in the first half of 2019, with full operations expected in June 2019.
Reliance Steel & Aluminum Co. has acquired all membership interests of All Metals Holding, LLC, including its subsidiaries AMPL and AMTL. All Metals had combined net sales of approximately $26 million in 2017.
GF Machining Solutions, a division of GF, won orders worth approximately USD 100 million from aircraft engine manufacturers and their suppliers in North America, to be delivered from 2019 over four years.
Huntington Ingalls Industries named Triumph Group to supply 165 remote valve actuation systems for the USS George Washington aircraft carrier overhaul, produced at Triumph's Indiana plant under a previously awarded $2.8B HII contract.
The US Department of Justice approved WestRock's proposed $4.9bn acquisition of KapStone Paper and Packaging through Whisky Holdco. The deal was originally agreed in January 2018.
Garney acquired Massachusetts-based companies Warren Environmental, a manufacturer of epoxies for pipeline and structure rehabilitation, and its applicator A&W Maintenance.
Maroon Group was appointed exclusive distributor of OMNOVA Solutions' resins and additives for the eastern U.S. territory, effective November 1, 2018, covering coatings, adhesives, sealants, construction, and non-woven markets.
RTI Surgical, Inc. has entered into a definitive agreement to acquire all outstanding equity of Paradigm Spine, LLC in a cash and stock transaction valued at up to $300 million, consisting of $150 million at closing plus potential milestone payments. The deal is expected to close in Q1 2019.
Bandit Industries finalized its transition to a 100% employee stock ownership plan (ESOP) on November 1, 2018, with former owners Mike Morey Sr., Dianne Morey and Jerry Morey selling the company to employees. The management team remains in place.
AMS Micromedical/Implant Logistics has contracted DBS Group to design and build a new 29,000-square-foot manufacturing facility in Sparta, Wisconsin, for dental implants and precision-machined devices. Construction is underway with completion scheduled for early July 2019.