MAN Energy Solutions held a groundbreaking ceremony on June 26, 2018, for its new United States headquarters and service shop in Brookshire, Texas. The facility will house over 140 employees and provide repair services for reciprocating engines and turbomachinery.
RoundTable Healthcare Partners' portfolio company Symmetry Surgical has entered into a definitive agreement to acquire the electrosurgical business and related intellectual property from Bovie Medical Corporation for a total enterprise value of $97 million. The transaction is expected to close in the third quarter of 2018.
Multipure International, a Nevada-based manufacturer of drinking water purification systems, has acquired Rainshow'r Manufacturing, a California-based manufacturer of shower and bath dechlorination equipment. Financial terms were not disclosed.
Uponor North America completed renovations on its $6.35 million, 237,000-square-foot manufacturing facility in Hutchinson, Minnesota, bought in July 2017, six months ahead of schedule. PEX pipe production is underway.
Conval moved all operations into a new 72,000-square-foot advanced manufacturing center in Enfield, Connecticut, with 40% more capacity than its former three-building Somers campus.
Omnova Solutions will close its styrene-butadiene emulsions plant in Green Bay, Wisconsin, and consolidate production in Mogadore, Ohio, citing the decline of the paper market.
HORIBA announced the relocation of its Reno Technology Center in Nevada, USA, to a new expanded site to develop fluid measurement and control technology for semiconductor production. The new site will begin full operation on August 23, 2018.
BD (Becton, Dickinson and Company) announced a $150 million investment in its existing Sumter County manufacturing facility in South Carolina, projected to create 125 new jobs over several years.
GE was awarded a $437 million contract modification by the U.S. Air Force Life Cycle Management Center for next-generation adaptive propulsion risk reduction work on adaptive cycle engines. The award was made June 29, 2018 and announced July 6, 2018.
KHS USA, the North American unit of KHS GmbH, acquired Scandia Packaging Machinery Co., a maker of compact packaging machines based in Fairfield, New Jersey, and Scandia will operate as KHS USA at its Sarasota, Florida site. Terms were not disclosed; the deal was announced on July 6, 2018.
Uniquetex, a joint venture between Foshan Nanhai Beautiful Nonwoven and Wenzhou Chaolong Textile Machinery, has started production at its new 360,000 sq ft plant in Grover, North Carolina. The first two spunmelt lines were installed in the first half of 2018, with full production expected in the second half of 2018. Total investment is $31.6 million.
Caterpillar announced a $40 million expansion of its equipment assembly plant in North Little Rock, Arkansas, which could add 250 jobs over the next two years. The expansion will add paving products to the local production schedule.
CoolSys, a refrigeration and HVAC company, announced the acquisition of Energy Squared, a consulting engineering firm providing MEPR engineering analysis and design. The acquisition adds 100 engineers to CoolSys's team.
Univar Inc. and Nexeo Solutions Inc. entered into a definitive agreement for Univar to acquire Nexeo in a transaction valued at approximately $2 billion.
Centrisys Corporation, a U.S. subsidiary of Chengdu Techcent Environment, has been contracted by the Denver water authority for a sludge treatment upgrading project. The contract includes dewatering centrifuge and AirPrex equipment worth over $7.5 million.
LafargeHolcim has acquired Tarrant Concrete, a leading ready-mix concrete provider in the Dallas/Fort-Worth area, Texas. Tarrant Concrete operates three ready-mix concrete plants, has sales of over US$40m and employs 90 staff.
BEUMER Group's US subsidiary has been awarded a contract by Knight Hawk Coal to design, supply and install a nearly four-mile overland curved trough conveyor system at the Prairie Eagle Mine in Illinois. Commissioning is scheduled for April 2019.
Ball and Platinum Equity formed a joint venture, Ball Metalpack, a standalone US maker of steel containers. Platinum Equity holds 51% and Ball keeps 49%, with Ball receiving $600 million in pre-tax proceeds.
AMPO POYAM Valves was approached by Cheniere and Bechtel to design and manufacture more than 1,750 cryogenic and non-cryogenic valves for Train 3 at the Corpus Christi LNG liquefaction project in the US. Train 3 is expected to be commissioned in 2020.
Blast Cleaning Technologies leased a 127,000-square-foot former Allis-Chalmers building in West Allis, Wisconsin, to expand its manufacturing and assembly space. The company will invest about $2 million in the building and equipment, bringing 70 jobs with potential for 30 more.
The U.S. Department of Defense awarded two five-year contracts to Superior Forge & Steel ($476.9M) and A. Finkl & Sons ($419.6M) to produce bomb casings for the BLU-137/B penetrator warhead.
Trelleborg, through its Trelleborg Coated Systems business area, signed and finalized the acquisition of Laminating Coating Technologies, Inc. (Lamcotec), a U.S. company that develops and manufactures polyurethane-coated and laminated fabrics for aerospace and healthcare. The company has its head office and production facility in Monson, Massachusetts, with sales of about SEK 185 M in 2017.
CertainTeed Corporation signed an agreement to purchase Hunter Douglas' North American ceilings business, which manufactures architectural ceilings and soffit systems with operations in Norcross, Georgia and Denver, Colorado, and 100 employees.
NESCO, LLC has completed the acquisition of N&L Line Equipment, a manufacturer of live-line maintenance tools for electric utilities based in Poulsbo, Washington. N&L will become part of NESCO's Utility Equipment Outfitters offerings.
Kalmar is selling its Kalmar Rough Terrain Center in Cibolo, Texas, to a management buyout group backed by Independent Bankers Capital Funds and Congruent Investment Partners. The deal includes the 13.3-acre plant that manufactures rough terrain material handling equipment.
Naval Facilities Engineering Command (NAVFAC) Atlantic awarded five indefinite-delivery/indefinite-quantity contracts for weight handling equipment to five companies, with a combined maximum value of $40,000,000. An initial delivery order of $1,695,773 was awarded to Crane Technologies Group Inc. for a crane at Naval Foundry and Propeller Center Philadelphia.
Saint-Gobain has entered into an agreement to purchase the North American ceilings business of Hunter Douglas, a manufacturer of architectural ceilings with two production sites in Norcross, Georgia and Denver, Colorado. The business reported sales of $36 million in 2017.
Cooper Standard has agreed to acquire Lauren Manufacturing and Lauren Plastics, extruders and molders of polymer products, to expand its Industrial and Specialty Group. The acquisition includes four facilities in Ohio and Michigan and over 500 employees.
Bondhus Corporation, a hand tool manufacturer, has completed its acquisition of Huot Manufacturing, a maker of cutting tool storage systems. The acquisition was announced on July 3, 2018.
Sandvik has acquired Inrock, a privately-owned supplier of rock drilling tools and services for horizontal directional drilling in North America. Inrock is headquartered in Houston and had revenues of $46 million in 2017.
Héroux-Devtek Inc. completed the acquisition of all shares of Beaver Aerospace & Defense Inc. and its subsidiary PowerTHRU Inc. from Phillips Service Industries Inc. on July 3, 2018.
innogy e-mobility US LLC, a subsidiary of innogy SE, acquired BTCPower (Broadband TelCom Power, Inc.), a provider of EV charging hardware. The acquisition gives innogy a full DC product portfolio for the North American market.
Voltabox AG has agreed to purchase all shares in Navitas Systems, a US manufacturer of lithium-ion battery systems for intralogistics, for EUR 37 million. Navitas operates a 50,000 sq ft R&D and manufacturing centre in Ann Arbor, Michigan, and has a cell production capacity of 600,000 units per year.
Bowling Green Metalforming LLC, a subsidiary of Magna International, announced a $14.2 million expansion at its Bowling Green, Kentucky facility to install a new 3,000-ton press, creating 27 new jobs.
RL Hudson & Company completed the acquisition of Colorado-based Rapid Production Tooling, Inc., a precision plastic injection mold tooling company. The acquisition enhances RL Hudson's plastic injection molding capabilities and market diversification.
KKR completed its acquisition of Hyperion, a provider of hard and super hard materials for metalworking, from Sandvik on July 2, 2018. Ron Voigt was named CEO effective upon close.
Finisar will hold a ribbon-cutting ceremony on July 9, 2018 for its new manufacturing facility in Sherman, Texas, which will increase production capacity for VCSELs and 3D sensing technologies. The facility has been under renovation since December 2017 and is expected to commence production by the end of 2018.
A.Y. McDonald Manufacturing broke ground on an $8 million expansion that will double its Elizabethton, Tennessee operation and create 36 new jobs. The company already employs 144 full-time workers there.
United Rentals agreed to acquire BakerCorp, a provider of tank, pump, filtration and trench shoring rentals, for approximately $715 million in cash. The deal is expected to close in the third quarter of 2018.
Actia Electronics, Inc., a subsidiary of Actia Corporation, plans to purchase a 50,000-square-foot facility in Romulus, Michigan, investing $18.5 million and creating 151 jobs. The project will serve as its North American headquarters for circuit board assembly, testing, and distribution.
Evans Machinery acquired the Countertop Machinery Division of Midwest Automation, including several machine lines. Manufacturing will be moved to Evans' plant in Holland, Michigan, and the combined brand will operate as Evans Midwest.
Featheringill Capital has made a majority investment in Eagle Automation, a distributor of automation and measurement solutions to the upstream oil and gas industry. The recapitalization was advised by Capstone Partners.
Pfizer is constructing a new 400,000-square-foot sterile drug manufacturing facility in Portage, Michigan. The project is expected to generate $465 million in total private investment and create 450 jobs.
Italian valve maker Fratelli Pettinaroli has acquired the remaining stake in Michigan-based Jomar Group, finalized in summer 2018 after a 50% stake was bought in 2001. Jomar will continue under its president and management team.
Japan's Kyoto Seisakusho acquired Chicago-based PMI Cartoning, which became PMI Kyoto Packaging Systems as of July 1, 2018. The deal gives Kyoto Seisakusho a route into the North American market.
Novelis agreed to acquire Aleris, a global rolled aluminum products supplier, for about $2.6 billion including assumed debt, to diversify its portfolio and expand in Asia and automotive. The deal was announced on July 26, 2018.
Honeywell's UOP Russell business will design and supply a 200-million-cubic-foot-per-day modular cryogenic gas processing plant for Navitas Midstream Partners to remove NGLs from gas in the Midland Basin, Texas. The announcement was made on July 10, 2018.
Wieland will invest 20 million USD over 12 months in a new production facility adjacent to its Wheeling (Chicago), Illinois plant for enhanced surface tubes. The facility, scheduled for completion by spring 2019, will double its US capacity for these tubes.
CRH Americas closed a $3.5 billion acquisition of Ash Grove Cement Co., after settling FTC charges by agreeing to sell certain assets including a cement plant in Montana and other operations.
ABB Ltd completed its acquisition of GE Industrial Solutions, General Electric's global electrification business, for approximately $2.6 billion in cash. The deal strengthens ABB's number-two position in electrification and expands its North American footprint.