JZ Capital Partners announced that TWH Water Treatment Industries, a subsidiary of Triwater Holdings, agreed to merge with a subsidiary of DuBois Chemicals. The total consideration is up to $165 million, including $148 million initial cash and up to $17 million earn-out.
Sedgman was awarded an $118 million engineering, procurement and construction contract by Nevada Copper to build a 5,000 tonnes per day copper concentrator and associated infrastructure at the Pumpkin Hollow site in Lyon County, Nevada. The EPC contract is expected to take about 18 months to complete.
Energy Systems Group (ESG) was awarded a $32 million energy savings performance contract (ESPC) for improvements at Eglin Air Force Base in September 2018, and signed a second phase in March 2019.
Berner Food & Beverage broke ground on a new 675,000-square-foot warehouse and distribution center in New Milford, Illinois in September 2018.
Berner Food & Beverage completed a significant expansion at its Dakota, Illinois facility in September 2017, tripling its size. In September 2018, it broke ground on a new 675,000-square-foot warehouse and distribution center in New Milford, Illinois.
Total made a final investment decision to expand its Texas Bayport Polymers joint venture, doubling polyethylene production capacity to around 1.1 million tonnes per year. The new unit will have a capacity of 625,000 tonnes per year, with production expected to start in 2021.
Nucor Corporation approved a $650 million investment to expand production capability at Nucor Steel Gallatin in Ghent, Kentucky, from 1.6 million to approximately 3 million tons annually. The project is expected to create 70 full-time jobs.
Daikin Applied Americas will invest $40.3 million to expand its manufacturing operations in Faribault, Minnesota, creating 132 jobs. The company will buy and renovate a 300,000-square-foot warehouse into a production facility.
Freestone Partners, LLC acquired the assets of Indian Mill Construction Supply, LLC and Indian Mill & Lumber, LLC, manufacturers of wood scaffold plank products, in partnership with management.
Altitude Industries announced plans to make equipment upgrades to its jet engine parts facility in Erie, Pennsylvania, including a new Okuma LT2000EX, Fanuc robot, Hexagon CMM, and Laser Etch machine.
ShoreView has announced the sale of Milamar Coatings, LLC to VersaFlex Incorporated.
Kalamazoo Outdoor Gourmet plans to expand its operations in Comstock Charter Township, Michigan, investing $3.1 million and creating 31 jobs.
Coast Citrus Distributors has been awarded a maximum $456,000,000 firm-fixed-price contract for fresh fruits and vegetables for US military and Department of Agriculture schools.
Bethel Industries, Inc. has been awarded a maximum $65,320,000 firm-fixed-price contract for flame resistant trousers for the Army Combat Uniform.
Raytheon Co. has been awarded a $35,516,020 firm-fixed-price delivery order for spare parts in support of the APG-79 Radar System for the US Navy.
Molex Electronic Technologies, LLC has agreed to acquire the Connected Vehicle Solutions division of Laird Limited, owned by Advent International. The division specializes in vehicle antenna systems and connectivity devices.
Evoqua Water Technologies Corp has acquired ProAct Services Corp from private equity firm Hammond, Kennedy, Whitney & Company Inc. ProAct provides environmental treatment technology and services.
Kaiser Aluminum Corporation acquired Imperial Machine & Tool Co., a leader in multi-material additive manufacturing and machining technologies for aerospace, defense, automotive, high-tech, and general industrial applications.
Nicolet Plastics LLC acquired CNR Group LLC, a plastic injection molding company based in Jackson, Wisconsin. The deal includes the purchase of CNR's 31,000-square-foot facility for $2.3 million. All 15 CNR employees will remain.
Teligent Inc. completed a $60 million-plus expansion of its pharmaceutical complex in Buena Vista, New Jersey, adding approximately 90,000 square feet for topical and injectable drug manufacturing. Limited production began on August 28, 2018.
Braidy Industries Inc. is building a new $1.6 billion aluminum rolling mill in Ashland, Kentucky, expected to open in 2020. Orders for formed aluminum sheet products through 2026 already stand at 200% of expected output.
SKAPS Industries will invest $5 million and create 20 full-time jobs at its recently acquired Henderson, Kentucky operation, upgrading the facility and purchasing additional manufacturing equipment to expand production capacity.
Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc (IDT) to strengthen its business in chips for self-driving cars. The deal could be worth as much as $6 billion.
Auto parts maker Flex-N-Gate plans to double the size of its plastics plant in Danville, Illinois, adding 60,000 square feet and at least 100 employees. The $20 million project will receive $1.2 million in state tax incentives. Construction is expected to begin within 30 to 60 days.
Validor Capital acquired the stock of operating subsidiaries of The Burger Iron Company (BICO Steel), a value-added distributor of specialty carbon plate and alloy tool steel products headquartered in Akron, Ohio. Terms were not disclosed.
Michelin's U.S. 10 plant in Starr, South Carolina, which resumed production on July 19, 2018, after being idled in 2015, has room to expand should the market continue to rise, according to company officials.
Evonik divested its Jayhawk site in Galena, Kansas, which produces precursors for agrochemicals, to funds advised by Permira. The sale price is in the high double-digit million-dollar range and includes approximately 120 employees.
PGT Innovations acquired Arizona-based Western Window Systems for $360 million. Western Window Systems will become a wholly owned subsidiary and continue as a separate brand. The combined company expects net sales of $706-732 million.
L.C. Group sold Crowley Chemical, Inc. and Rusmar, Inc. to Palo Duro Capital, LLC. The companies will become part of newly-formed CCR Specialty Chemicals, LLC. Financial terms were not disclosed.
Honeywell has acquired Ortloff Engineers Ltd., a privately held licensor and developer of natural gas liquids recovery technologies. The acquisition closed on August 31, 2018, and terms were not disclosed.
Archer Limited has agreed to sell its AWC Frac Valves unit, based in Conroe, Texas, to a US private equity fund for USD 30 million on a debt- and cash-free basis. An earn-out of up to USD 5 million depends on 2018 results.
Orora Limited has acquired Dallas-based packaging distributor Bronco Packaging Corporation for up to USD 24 million as part of growth in its North American packaging business. Bronco generates over USD 50 million in revenue, mainly serving fresh food manufacturers in Texas.
Future Foam is planning a 77,000-square-foot expansion of its manufacturing facility in Newton, Kansas, creating seven new jobs. The $5.4 million project is expected to begin in September 2018 and be completed in August 2019.
Caterpillar entered a preliminary agreement to sell its purpose-built forestry business (excluding forestry excavators) to Weiler, Inc. The sale is expected to close by early 2019.
HB McClure Company, a Harrisburg-based heating, plumbing, and electrical service provider, merged with BBEC Inc., a Mechanicsburg-based electrical contractor, to enhance its commercial and industrial offerings.
Mueller Industries opened a new 74,000-square-foot warehousing and distribution facility in Fulton, Mississippi, representing a $3.83 million investment and creating 60 new jobs.
Flexpoint Sensor Systems received multiple follow-on production orders from Manus VR totaling $45,000, expected to be delivered during the current quarter.
PMC SMART Solutions is completing a $5 million expansion project in Shelbyville, Indiana, that will triple its medical manufacturing space. The expansion is scheduled to be ready for manufacturing in April and includes new equipment for injection molding, implant and micro-molding, and automation.
Heico's Flight Support Group acquired Optical Display Engineering (ODE), an FAA-authorized Part 145 Repair Station and PMA holder specializing in repair of LCD screens and display modules.
Bovie Medical Corporation completed the divestiture and sale of its Core business segment and the Bovie brand to Symmetry Surgical for $97 million in cash.
Tarkett purchased a 70,000-square-foot facility in Auburn Township, Ohio, to expand its production capacity for vinyl resilient wall base and finishing borders. The investment will add approximately 75 new jobs.
Tecogen Inc. announced a sale of two Tecochill STx 200 ton natural gas engine chillers to an indoor cannabis growing facility in Massachusetts. The units will ship at the end of Q3 2018 and are expected to be operational in early 2019.
X-FAB announced plans to double its 6-inch Silicon Carbide process capacity at its fab in Lubbock, Texas, in response to customer demand. A second heated ion implanter has been purchased, with delivery expected by end of 2018 and production release in Q1 2019.
Raytheon awarded CPI Aerostructures modified purchase orders totaling $12.5 million for the Engineering and Manufacturing Development phase of the Next Generation Jammer Mid-Band program. CPI Aero expects to complete its work in late 2019.
HarbisonWalker International opened a state-of-the-art monolithic refractories manufacturing plant in South Point, Ohio, with a $30 million investment. The plant began shipping products in spring 2018.
Boeing received an $805 million engineering and manufacturing development contract from the U.S. Navy to build four MQ-25 carrier-based unmanned aerial refuelers. Work will be performed in St. Louis.
United Technologies Corp., Pratt & Whitney Military Engines, was awarded a $118.2 million contract modification for initial spares including F135-PW-600 engines and modules for the Marine Corps' F-35 Lightning II aircraft.
Ducommun won a $200 million ten-year contract from an undisclosed engine OEM to produce nacelle components using VersaCore Composite technology for single-aisle commercial aircraft. Full-scale production is expected to begin in 2020.
Jupiter Machine Tool will open a new manufacturing and repair facility in Galesburg, Illinois, selling CNC equipment and providing repairs using virtual and augmented reality. The facility will hire about 50 people over three years.
Stryker announced a definitive merger agreement to acquire all shares of K2M Group Holdings for $27.50 per share, totaling approximately $1.4 billion.