Custom Truck One Source has entered into an exclusive partnership with Tornado Global Hydrovac, making Custom Truck the single distributor for Tornado products in the United States. Custom Truck will increase its Tornado fleet and offer parts and services across all locations.
Airbus Americas and Bombardier plan to build a new $300 million final assembly line for the CS-300 aircraft in Mobile, Alabama, pending regulatory approval. The project is expected to create 400 to 600 jobs.
Owen & Company (Kingsdown Canada) and Kingsdown Inc. merged, reuniting the Kingsdown brand under common ownership. The transaction is supported by private equity firm Novacap.
Liberty Hall Capital Partners acquired AeroCision LLC, a supplier of complex engine components for the aerospace industry, and will integrate it into Bromford Industries. Terms were not disclosed.
W. R. Grace & Co. completed the $416 million acquisition of the Polyolefin Catalysts business of Albemarle Corporation. The acquired business includes production plants in Baton Rouge, LA and Yeosu, South Korea, and develops catalysts for plastic resin production.
Schindler Elevator Corporation was awarded a multi-million-dollar contract by AECOM Tishman Construction to provide and install 42 elevators and 5 escalators at One Vanderbilt, a 58-story office tower in midtown Manhattan. The building is expected to open in 2020.
ASM Pacific Technology Ltd. signed a definitive agreement with Tokyo Electron Limited to acquire TEL NEXX, Inc., an industry leader in Electrochemical Deposition and Physical Vapor Deposition technologies for the advanced packaging market. The deal is expected to close upon regulatory approvals.
Hangcha Group opened HC Forklift America Corporation in Charlotte, North Carolina, a wholly owned subsidiary serving as its North American headquarters. The facility includes 2,240 square meters of space for parts storage, warehouse, office, and showroom, with an initial investment of $2 million and plans to create 15 jobs over three years.
Custom Truck One Source announced it will expand its operations in Sedalia, Missouri, dedicating its existing facility and an additional 28,000 square feet in Thomas Meadows Industrial Park to its OEM subsidiary Load King. The expansion will add capacity to upfit up to 1,000 additional vocational trucks per year and create 25 to 35 new jobs.
QinetiQ North America and Endeavor Robotics were selected for the engineering and manufacturing development phase of the Army's Common Robotic System (Individual) program under a $429 million hybrid contract.
AXYZ International, a Canadian manufacturer of CNC router and knife systems, acquired WARDJet, a US manufacturer of waterjet cutting machines.
The US Army awarded Endeavor Robotics and QinetiQ North America spots on a potential nine-year, $429.1 million contract to engineer, manufacture and develop robotic systems for the Common Robotic System (Individual) program.
GKN Aerospace contracted with Boeing to provide nacelle inlet lip skins for the Boeing 777X and 737MAX, produced at facilities in Camarillo, CA and Orangeburg, SC.
Rockwell Automation was awarded a $59,114,043 firm-fixed-price supply contract by the US Navy for commercial IT hardware, software, licenses and upgrades.
SJE Rhombus has broken ground on a new 51,000 square foot manufacturing facility in Ashland Business Park and plans to relocate from its Ohio Street site by year end. The Minnesota-based pump controls company is backed by a 75 percent property tax abatement for 15 years.
SNC-Lavalin and its joint venture partner JV Driver were awarded a lump-sum EPC contract by INEOS Oligomers to design and build a polyalphaolefin unit at Chocolate Bayou, Texas. The unit is expected online in October 2019 with 120,000 metric tons per annum capacity.
Bain Capital Private Equity announced the acquisition of World Wide Packaging LLC, a provider of cosmetic packaging components and plastic tubes. Bain also agreed to buy a Chinese cosmetics packaging maker and plans to merge the two companies.
Olympic Steel Inc. acquired Berlin Metals in an all-cash deal. Terms were not disclosed. Berlin Metals will continue to operate under its brand and management team within Olympic Steel's Specialty Metals Flat Products reporting segment.
Badger Meter Inc. acquired Innovative Metering Solutions, a Florida distributor of Badger products to municipal water-utility customers. Financial terms were not disclosed. IMS will now do business as National Meter & Automation.
Fitzenrider Mechanical announced a partnership with Air Force One, Inc. of Dublin, Ohio, joining the Air Force One family of companies effective March 30, 2018. The partnership aims to bolster both companies' presence in the tri-state region of northwestern Ohio, southern Michigan and northeastern Indiana.
Mitsubishi Hitachi Power Systems (MHPS) announced the integration of PW Power Systems (PWPS) within Mitsubishi Power Systems Americas (MHPS Americas). PWPS, headquartered in Glastonbury, Connecticut, was originally acquired by MHI in 2013 and had been a stand-alone subsidiary.
Raytheon's self protect systems business received a potential seven-year, $460 million IDIQ contract to supply line- and shop-replaceable units for the U.S. Air Force's AN/ALR69A digital radar warning receiver system. Work will take place in Goleta, California, and Forest, Mississippi, through March 2025.
Scapa Healthcare broke ground on a new 152,000-square-foot medical device manufacturing facility in Hardin Business Park, Knox County, Tennessee. The $31 million investment is expected to create more than 100 new jobs over five years.
Fibrotex USA, Inc. was awarded a 10-year ID/IQ contract by the US Army Natick Soldier System Center for development, testing and manufacture of the Ultra-Light Weight Camouflage Net System (ULCANS), with a total value of $480 million.
Motherson Sumi Systems is in advanced talks to acquire three companies: a European company for about $500 million, a Japanese company for $50-80 million, and a US company for $200-250 million. These are in addition to the recently announced Reydel Automotive deal.
Vectren Corporation agreed to merge with CenterPoint Energy, with Vectren shareholders receiving $72 per share in cash.
Boeing marked the completion of a 28,000-square-foot expansion at its Patriot Advanced Capability-3 (PAC-3) missile seeker facility in Huntsville, Alabama. The project added 70 employees and began construction in June 2016.
Evoqua Water Technologies Corp acquired Pacific Ozone Technology Inc, a manufacturer of ozone disinfection systems, for an undisclosed amount.
Sunnen Products Company has acquired BTA Heller Incorporated, a US-based manufacturer of deep hole tooling and systems. BTA Heller will operate as a wholly owned subsidiary.
Boeing was awarded a $1.165 billion contract by the U.S. Department of Defense for 28 F/A-18E/F Super Hornet fighters for the Kuwait Air Force. The contract includes long-lead non-recurring engineering and provides for long-lead radar warning receivers and aircraft armament equipment, with work performed across multiple U.S. locations.
Fibrebond, which purchased ISCO in late 2015, began doing business under the Fibrebond name for its genset divisions in 2018, with expanded manufacturing capabilities from two facilities and UL certifications in Minden, Louisiana.
Yorozu marked the grand opening of its USD 110 million manufacturing plant in Jasper, Alabama, producing stamped metal suspension components for automakers. The facility is expected to have 300 employees by 2020.
Packaging Corporation of America renewed leases on 82,356 sq ft at 4510 Steelway Blvd and 40,066 sq ft at 4530 Steelway Blvd in Clay, New York, used for warehousing and distribution. Lease terms were not disclosed.
True Fresh HPP and NutriFresh Services announced a joint partnership, merging their HPP capabilities to create the largest HPP tolling provider in North America with bi-coastal facilities in New Jersey and Southern California and annual capacity of 200 million lbs.
Gemma Power Systems has signed an EPC contract with NTE Carolinas II to build the 475 MW NTE Reidsville Energy Center, a natural gas-fired power plant in Rockingham County, North Carolina. The project will employ around 300 construction workers and 25-30 permanent staff.
True Fresh HPP and NutriFresh Services announced a joint partnership that combines their HPP capabilities, creating the largest HPP tolling enterprise in North America with bi-coastal facilities in New Jersey and Southern California.
Babcock Power Environmental Inc., acting through a new subsidiary Geo-Synthetics Systems LLC, acquired substantially all of the assets of Geo-Synthetics, LLC, an installer of geosynthetic materials.
Sechan Electronics Inc. was awarded a $52,065,643 indefinite-quantity/indefinite-delivery contract by the Space and Naval Warfare Systems Command for Global Positioning System-Based Positioning, Navigation and Timing Service (GPNTS) hardware production units.
Brenntag North America, Inc. announced a new partnership with StanChem Polymers for the distribution of emulsion polymers in the United States ACES market.
India's JSW Steel Ltd agreed to buy Acero Junction Holdings for $80.85 million to expand its U.S. operations.
Jupiter Machine Tool Inc. will build a $2.75 million, 10,000 sq. ft. facility on Enterprise Avenue in Galesburg, Illinois, creating 52 jobs over three years.
F.M. Howell & Company is expanding at its Elmira, New York sites, installing new manufacturing and printing equipment for its Howell Packaging division and buying a thermoformer for Howell Plastics. The project, supported by an $800,000 capital grant from the Southern Tier REDC, will create 14 jobs and retain 182.
Buena Park, California-based True Fresh HPP and New Jersey-based NutriFresh Services entered a joint venture combining their high-pressure processing tolling capacity, with an annual capacity of 200 million pounds, announced 29 March 2018.
Allegheny Technologies has filed for an exclusion from Section 232 tariffs on behalf of its newly formed joint venture, Allegheny & Tsingshan Stainless, which imports semi-finished stainless slab products from Indonesia. The JV operates a Direct Roll Anneal and Pickle facility in Midland, Pennsylvania.
Jedco Inc. announced a $9 million investment to expand capacity at its Grand Rapids facility, adding new machinery and creating 39 jobs over three years.
Smith-Midland Corporation was awarded a $3.2 million contract by Civil Wall Solutions (a division of Lane Construction) to supply SoftSound sound wall panels for the I-395 Express Lane VDOT project in Northern Virginia.
Novelis Inc. announced plans to build a $300 million automotive aluminum sheet manufacturing facility in Guthrie, Kentucky. The greenfield facility will have an annual capacity of 200,000 metric tons and create approximately 125 jobs, with operations expected to start in 2020.
Hasa, a portfolio company of Peak Rock Capital, acquired Inter Valley Pool Supply, a packager and distributor of water treatment chemicals based in Pomona, California.
Mitsui Chemicals will set up new production facilities for Milastomer thermoplastic olefin elastomer at its U.S. base Advanced Composites Inc. in Ohio, investing about 1.5 billion yen ($14.24 million) for 6,000 tons annual capacity.
FleetPride acquired the assets of Hardy Brake & Electric, based in Evansville, Indiana with a second location in Owensboro, Kentucky. The acquisition adds to FleetPride's nationwide network.