Accruent announced a definitive agreement to acquire Maintenance Connection, a leading Computerised Maintenance Management System (CMMS) provider. The acquisition accelerates Accruent's efforts to help customers gain insight and make data-driven decisions for multi-site facility management.
SJE is constructing a 51,000 sq ft manufacturing facility on eight acres in the Ashland Business Park in Ashland, Ohio, designed by C.M. Architecture and built by Simonson Construction Services, with completion targeted for December 2018.
Ohio Transmission Corporation has bought Crimson Electric, an electrical apparatus service center in Duncan that repairs and tests AC/DC motors, servo motors, pumps and gear reducers, and will operate as a division of OTP Industrial Solutions.
Dürr is acquiring 100% of three Babcock & Wilcox subsidiaries (MEGTEC and Universal segments) for an enterprise value of about EUR 110 million, with closing expected in Q3 2018.
Entegris agreed to acquire the SAES Pure Gas business, a maker of molecular gas purification systems based in San Luis Obispo, California, from SAES Group for approximately $355 million. The deal is subject to customary purchase price adjustments.
Gryphon Investors acquired Shermco Industries from Oaktree Capital Management. Shermco provides testing, maintenance, repair, and engineering services for electrical infrastructure.
Massman Automation Designs acquired Ideal-Pak, a liquid filling and packaging machine manufacturer based in Madison, WI. The acquisition aims to strengthen Massman's foothold in the liquid filling machine market.
Welser Profile group announced the acquisition of Superior Roll Forming to strengthen its North American presence and customer service in the cold roll formed sections market.
Arsenal Capital Partners acquired Adhesives Technology Corporation (ATC), a manufacturer of specialty adhesives for infrastructure and construction. Simultaneously, Arsenal created Meridian Adhesives Group as a new platform in the adhesives and sealants sector.
Ryerson Holding Corporation entered a definitive merger agreement to acquire Central Steel & Wire Company, a metal service center with six locations in the Central and Eastern US, for an enterprise value of $140 million.
CoreLink, a designer and manufacturer of spinal implant systems, acquired the Israeli medical device company Expanding Orthopedics Inc (EOI), including its FLXfit and FLXfit 15 titanium TLIF interbody systems and a portfolio of patents. CoreLink plans a full commercial re-launch in Q3 2018.
PLW Waterworks, owned by Ferrovial subsidiaries Webber & Cadagua, was selected by the Baytown Area Water Authority to construct a new 6 MGD surface treatment plant in Baytown, Texas, costing about $46 million and taking 36 months to complete.
Chinese medical device manufacturer Kinetic Medical will acquire 100% of New York-based Elliquence for $77.2 million in cash. Elliquence specializes in endoscopic spine products.
Rockwell Automation plans to invest over $16.4 million to renovate and equip a 369,000-square-foot distribution center in Whitestown, Indiana, consolidating operations from Illinois and Tennessee. The facility is expected to create up to 231 jobs by 2023 and open in 2019.
Tramec Sloan, a subsidiary of Tramec, has acquired Fleet Engineers of Muskegon, Michigan, a maker of aerodynamic, door system and spray control products for the truck and trailer industry. Fleet Engineers will operate as an autonomous division.
Boeing and Safran announced a partnership to establish a 50/50 joint venture to produce auxiliary power units (APUs) for aircraft. The deal is expected to close in the second half of 2018, subject to regulatory approvals.
Japanese crane maker Tadano Global purchased 2,918,542 shares of Manitex for approximately $32.7 million, giving it 15% ownership and the right to designate a board member. The deal is expected to close May 30, 2018.
New Ravenna will invest more than $900,000 to expand its manufacturing operation in Northampton County, Virginia, creating 31 new jobs. The company designs and manufactures stone and glass mosaics for residential and commercial installations.
Bayport Polymers LLC, a joint venture of Total, Borealis and NOVA Chemicals, broke ground on a new 1 Mt/y ethane cracker at the Total Port Arthur Refinery. The $1.7 billion project is expected to start up in 2020 and create about 1,500 construction jobs and 60 permanent jobs.
Tarkett S.A. signed an agreement to acquire 100% of Lexmark Carpet Mills, a producer of carpet primarily for the hospitality sector.
TexDel's Nufabrx technology is featured in Kentwool's new SensationWool sock, which combines capsaicin and a cooling agent with Merino wool for pain relief.
Textile-Based Delivery Inc. (TexDel) received a $1 million award from Advanced Functional Fabrics of America (AFFOA) to advance the scale-up of its Nufabrx technology for controlled delivery of active ingredients using textiles.
Boeing Co. and Safran SA announced a 50-50 partnership to design and build auxiliary power units for jetliners. The venture will be based in the U.S. and is expected to close later in 2018 pending regulatory approval.
Boeing and Safran have agreed to form a 50/50 joint venture to design, build and service auxiliary power units (APUs). The venture will be based in the United States and is expected to close in the second half of 2018.
M&I Electric, a business of American Electric Technologies, was awarded a $14 million contract to provide a turnkey power delivery solution for a fractionation plant expansion project in Texas. Delivery is expected in Q2 2019.
A unit and SPV of Shanghai Kinetic Medical Co Ltd will acquire U.S. firm Elliquence LLC for $77.15 million.
Hermetic Solutions Group acquired Sinclair Manufacturing, a Massachusetts-based maker of glass-to-metal seal components. Terms were not disclosed.
U.S. AutoForce, a division of U.S. Venture, acquired Corona, California-based tire distributor Tire's Warehouse on June 1, 2018. Terms were not disclosed.
Kaman Corp. received its first order under Option 14 of its Joint Programmable Fuze contract with the U.S. Air Force, valued at approximately $69 million, for procurement of JPFs for the USAF and 10 foreign militaries.
Boeing and Safran agreed to jointly design, build and service Auxiliary Power Units (APUs) through a new 50/50 joint venture based in the United States, expected to close in the second half of 2018.
Husky Rack & Wire is planning to invest over $10,000,000 in equipment and building facility in the Airlie Industrial park in Lincolnton, North Carolina. The expansion will add over 20 new jobs.
Berry Global plans to invest nearly $16.5 million to install two blown film extrusion lines at its existing Bowling Green, Kentucky facility, creating 20 full-time jobs. The announcement was made on 4 June 2018.
IBC Engineered Materials Division, an investment caster in Wilmington, Massachusetts, won a three-year, $7.8 million contract from Lockheed Martin to supply beryllium-aluminum alloy azimuth gimbal housings for the F-35 Lightning II's Electro-Optical Targeting System.
Massman Automation Designs, LLC acquired Ideal Pase, a liquid filling and packaging machine manufacturer based in Madison, Wisconsin. The acquisition aims to strengthen Massman's foothold in the liquid filling machine market.
Acutec Precision Aerospace will invest at least $10.7 million to expand its aerospace manufacturing facility in Meadville, Pennsylvania, adding 70,000 square feet and a 13,000-square-foot connector, creating 60 new jobs and retaining 450 employees.
Automotive supplier Corvac Composites will expand production in Morgantown, Kentucky with a $6.1 million investment, creating 30 full-time jobs. The company will purchase and install equipment at its 390 Industrial Drive North building.
Smart Care Equipment Solutions acquired REMCO, a regional provider of commercial kitchen repair and maintenance services based in Birmingham, Alabama. Terms were not disclosed.
Teijin Ltd. celebrated the groundbreaking of its new carbon-fiber production facility in Greenwood, South Carolina, through its subsidiary Teijin Carbon Fibers Inc. The facility is expected to create 220 jobs with $600 million investment around 2030.
SK Capital Partners announced an agreement to acquire SI Group, a global developer and manufacturer of performance additives and intermediates. At close, SK Capital will combine SI Group with its portfolio company Addivant to create a global leader in plastic, lubricant, oilfield and rubber additives.
SUMIDA CORPORATION, through its subsidiary SUMIDA AMERICA HOLDINGS INC., acquired 100% of the shares of Pontiac Coil Inc., a developer and manufacturer of coils for the automotive industry with headquarters near Detroit, Michigan and a manufacturing facility in Searcy, Arkansas.
Morgan Truck Body announced a new plant opening in Plainfield, CT, scheduled to be operational later in 2018. The company is the largest North American manufacturer of medium-duty dry freight and refrigerated truck and van bodies.
Swavelle/Mill Creek Fabrics, Inc. reached an agreement to acquire Altizer & Co.'s Al Fresco Functional Fabrics division. Al Fresco will operate as a subsidiary of Swavelle.
Rolls-Royce North America will add about 100 jobs at its Prince George County, Virginia manufacturing plant, reaching 400 employees by end of 2018. The plant will add $40 million worth of production equipment to meet aircraft industry demand.
The U.S. Navy has selected the Naval Strike Missile from Raytheon and Kongsberg for its over-the-horizon requirement. The initial contract is worth $14.8 million, with options up to $847.6 million.
Cache Creek Industries and Rockmont Capital have acquired Mountain Secure Systems, a provider of ruggedized electronics for defense contractors, from Phillips Service Industries. Financial terms were not disclosed.
GreenPoint Metals Inc. will break ground on June 1, 2018, on a nearly 70,000-square-foot expansion of its metal processing facility in Franklin, Ohio. The project costs between $10 million and $20 million and will add new machinery for cutting steel coils.
PolyOne Corporation has acquired PlastiComp, an advanced engineered materials innovator and producer of specialty composites. PlastiComp's 50 employees and its facility in Winona, Minnesota join PolyOne's Specialty Engineered Materials segment.
Vestas has received an order for 100 MW of V136-3.45 MW turbines from Southern Power for the Wildhorse Mountain wind project in Oklahoma. The order includes supply, commissioning, and a 20-year service agreement. Turbine delivery will begin in Q2 2019.
JPW Industrial Ovens and Furnaces held a grand opening for its new Plant 2 in Williamsport, Pennsylvania, which began operation in January 2018. The facility produces standard industrial ovens and has created 10 new jobs, with 15 more expected by 2020.
Delta Pure Filtration will invest $2 million to expand its manufacturing operation in Hanover County, Virginia, including expanding its existing building and constructing an additional facility for R&D, admin and warehouse.