Arconic announced plans to install a new horizontal heat treat furnace at its Davenport Works facility in Iowa, enabling heat treatment of longer and thicker aluminum plate for aerospace and industrial markets. The $137 million investment is expected to begin commercial production in 2019.
Marvell Technology Group announced a definitive agreement to acquire Cavium for $40 per share in cash and 2.1757 Marvell shares per Cavium share. The combined company will have approximately $3.4 billion in annual revenue and focus on infrastructure solutions.
Fort Smith's board unanimously approved tax incentive resolutions to help attract Silgan Plastic Food Containers to a planned 100,000 square foot manufacturing facility, which could create 150 jobs by its third year. The chamber said the project was not yet a done deal.
EthosEnergy was awarded a contract worth around $3 million by Island Energy Services for a five-year Long Term Service Agreement at its plant in Kapolei, Hawaii, covering four Centaur 40 generator packages.
The U.S. Naval Air Systems Command awarded GE Aviation a $143,481,258 Low-Rate Initial Production contract to build 22 T408-GE-400 engines for the U.S. Marine Corps CH-53K King Stallion helicopters. The contract was announced on November 20, 2017.
Graham Partners, a private investment firm, announced its acquisition of EasyPak LLC, a thermoformed packaging provider headquartered in Leominster, Massachusetts. Atlas Advisors acted as exclusive financial advisor on the sale, and management retains a minority stake.
LiquidPower Specialty Products (LSPI), a Berkshire Hathaway company, commissioned a new drag reducing agent manufacturing plant within its complex in Bryan, Texas, doubling its capacity. The announcement was made on November 20, 2017.
Morbark, LLC has completed the acquisition of Rayco Manufacturing Inc., a manufacturer of tree care and environmental equipment. Rayco's CEO John M. Bowling will continue with the combined business and join Morbark's board.
Permian Water Solutions, LLC acquired a majority of the assets and operating business of Pyote Water Systems LLC on November 18, 2017.
ABC Metals Inc., a Logansport-based alloy metal distributor owned by MPI Corp., acquired the assets of International Metals Processing LLC, an Indianapolis metals processing company.
United Performance Metals announced a 10,000 sq. ft. expansion of its Hartford, Connecticut facility, bringing total square footage to 58,000.
Taeyang Metal Industrial Co. Ltd., a South Korean automotive fastener producer, will invest nearly $15.6 million and create 76 jobs to establish its first U.S. manufacturing plant in Franklin, Kentucky.
The U.S. Naval Air Systems Command awarded GE Aviation a $143,481,258 low-rate initial production contract to build 22 T408-GE-400 engines for the CH-53K King Stallion helicopter.
Martin Inc. has agreed to acquire the assets of Ameritool Inc., a wholesale distributor of industrial machinery and equipment based in Huntsville, Alabama. The acquisition supports Martin's geographic expansion strategy.
Huhtamaki North America selected Miller Valentine Construction to renovate about 942,000 SF of the old Ford Motor Company transmission plant in Batavia, Ohio, adding 44 dock doors, two parking lots and a 25,000 SF office area.
Kinetico Incorporated acquired Nimbus Water Systems, Inc. for an undisclosed amount on November 16, 2017.
Parsons, in a design-build joint venture, will design and construct the Silicon Valley Clean Water's Front of Plant project in Redwood City, California. The project is part of a regional sewer conveyance upgrade program.
Berry Global Group announced a definitive agreement to acquire Clopay Plastic Products Co. Inc., a subsidiary of Griffon Corp., for $475 million in cash. Clopay is a global supplier of printed breathable films and elastic films for hygiene, healthcare, construction and industrial markets.
Aleris announced the opening of its new aluminum automotive body sheet production facility in Lewisport, Kentucky, representing a $400 million investment. The company began shipping automotive products from the plant in November 2017.
C&B Operations LLC signed a letter of intent to acquire Farm Equipment Sales, a John Deere dealership serving Northeast Montana for 53 years.
Italmatch Chemicals Group and Detrex Corp. announced a definitive merger agreement under which a subsidiary of Italmatch will acquire Detrex for $27.00 per share in cash. The transaction is expected to close by December 31, 2017.
BYK Additives & Instruments announced a $50 million investment to expand its Gonzales, Texas facility, including a new manufacturing facility for GARAMITE rheology additives and a new R&D center for natural rheology.
WestRock Company announced a $410 million investment to install a new 330-inch kraft linerboard machine at its Florence County, South Carolina mill. The machine will produce 710,000 tons annually and replace three older machines, with production expected in the first half of 2020.
Aleris opened an expanded $400 million aluminum automotive body sheet production facility in Lewisport, Kentucky, USA.
Emerson Electric proposed to acquire Rockwell Automation for $225 per share in a cash and stock transaction valued at $29 billion. The proposal consists of $135 per share in cash and $90 per share in Emerson stock.
Maverick Boat Group will build a new boat manufacturing facility in Fort Pierce, Florida, creating 100 new jobs and investing $7 million. The facility will add 277,000 square feet of production space and is expected to be fully operational by summer 2018.
German Tier 1 automotive supplier BOCAR Group broke ground on a $115 million, 350,000 square foot plant in Huntsville, Alabama, creating more than 300 jobs. The plant will make high-pressure aluminum die castings and plastic parts.
Emerson chairman and CEO David N. Farr has proposed in a letter to acquire all outstanding shares of Rockwell Automation at a total enterprise value of about $29 billion, with the combined company to be renamed Emerson Rockwell.
Merit Medical Systems entered into an Asset Purchase Agreement to acquire a tunneled home drainage catheter product line from C.R. Bard and a soft tissue core needle biopsy product line from BD for $100 million, contingent on the BD-Bard merger closing.
Brighton Best International, Inc. has acquired IRONCLAD Performance Wear Corporation through an asset purchase. The acquisition aims to expand IRONCLAD's market reach and product offerings.
Pioneer Natural Resources partnered with the cities of Midland and Odessa, Texas, to reuse treated wastewater. Pioneer will provide $115 million in upgrades to Midland's water treatment plant and a $117 million funding stream for Odessa, constructing one of the largest HDPE water pipelines in West Texas.
Geringhoff Corp. will invest $520,000 and hire 20 workers to add a second assembly line at its St. Cloud factory, increasing production of combine headers and starting a new line for small grains.
Lockheed Martin's Sikorsky Aircraft secured a $49 million modification contract from the Defense Logistics Agency Aviation to supply consumable spare parts for various weapon systems. Work will be executed in Connecticut and is scheduled to be completed by June 30, 2020.
Flexware Innovation Inc., an automation engineering and software development firm, has acquired IPACT Inc. in Valparaiso, Indiana. Financial terms were not disclosed. IPACT will be rebranded under the Flexware name.
Packaging Corporation of America plans a $150 million investment replacing a paper machine at its Boise Paper mill in Wallula, Washington, nearly doubling output to 400,000 tons per year of linerboard.
FCX Performance, a flow control distributor, has acquired Houston-based Eads Distribution and Charlotte-based The Massey Company, expanding its footprint to 67 offices nationally.
Arlington Capital Partners, a private equity firm, announced the acquisition of Cadence Aerospace, a manufacturer of complex aerospace components and assemblies based in Anaheim, California. The company has six facilities across the US and Mexico.
Five Star Food Service has begun a two-year initiative to retrofit its micro-market fresh food coolers and freezers with TriTeq Series 2000 FreshIQ Health Timer Locks.
Autoliv-Nissin Brake is building a new 200,000 square foot plant in Findlay, Ohio, for $60 million to produce electronic boost brake systems for autonomous vehicles. Construction will be complete in a year, with production starting in 2019.
Nemak Alabama is expanding its manufacturing facility in Sylacauga, Alabama, with a $34 million investment.
Ivalua, a cloud spend management company, acquired Directworks, a provider of cloud-based direct materials management for manufacturers. The acquisition aims to enhance Ivalua's capabilities in managing direct materials and supplier collaboration.
Komatsu broke ground on a 23,000 square foot facility in Longview, Texas for electric drive technology development and manufacturing for mining equipment.
East West Manufacturing agreed to acquire the assets of Innovolt, a power protection and data company.
IM Flash, a joint venture between Micron Technology and Intel, opened Building 60, a new fabrication wing in Lehi, Utah, for manufacturing 3D XPoint memory products. The facility will produce 3D XPoint, a non-volatile memory technology.
Luxfer Holdings PLC has entered into an agreement to acquire the Specialty Metals business of ESM Group Inc., including a manufacturing facility in Saxonburg, Pennsylvania. The acquired business will be integrated with Luxfer's existing powder business.
Southfield Capital acquired American Refrigerator Company (ARC), the largest independent industrial refrigeration service company in New England. Abacus Finance Group provided $20.5 million in senior secured credit facilities to support the buy.
INTERTEC Instrumentation opened a new facility in Houston, tripling the size of its US-based manufacturing plant and offices to 22,000 square feet of covered space plus 20,000 square feet outdoor, adding shelter building services for outdoor process equipment protection.
Sensera, through its US subsidiary, has entered into a three-year multimillion dollar supply agreement with Abiomed to supply components for medical devices.
Meggitt Polymers & Composites was awarded a contract by Embraer for the design and production of a high-performance radome assembly for in-flight connectivity on the E2 platform, with linefit and retrofit options for E1 aircraft.
SternMaid America installed a new double-head auger filler at its Aurora, IL facility, increasing can filling capacity for powders to 6,000 cans/hr. The investment, including peripheral components, was approximately $300,000.