Allegheny Technologies and an affiliate of Tsingshan Group agreed to form a 50-50 joint venture to produce and sell 60-inch wide stainless sheet in North America, with first shipments expected in early 2018.
Johnson & Johnson subsidiary Ethicon won a $39 million contract from the US Department of Defense to supply medical surgical products to the Army, Navy, Air Force, Marine Corps and federal civilian agencies. The contract has a one-year base with nine one-year option periods and a performance completion date of November 2, 2027.
Insteel Wire Products Company, a subsidiary of Insteel Industries, acquired certain assets of Ortiz Engineered Products, which provides reinforcing solutions for the concrete construction industry. Terms were not disclosed.
ON Semiconductor will expand its test and assembly operations at Eastman Business Park in Rochester, creating up to 34 jobs and retaining 185 jobs. The expansion is expected to be completed in December 2018.
ABB announced a strategic realignment of its global transformer manufacturing footprint: investing in South Boston and Crystal Springs units and discontinuing production in St. Louis, US; expanding in Varennes, Canada; consolidating traction transformer production in Lodz, Poland; expanding in India; and upgrading in Datong, China.
Super Micro Computer partnered with NASA's Center for Climate Simulation to provide a Rack Scale Solution with 1.56 PetaFlops of additional performance, factory integrated at Supermicro's Silicon Valley headquarters.
L3 Technologies secured a potential $71 million contract from the U.S. Air Force to develop a mission system for foreign military sales customers, with completion expected by Nov. 30, 2020.
L3 Technologies secured a potential $210 million contract from the U.S. Air Force for aircraft engineering, fabrication and procurement services, running through April 2, 2022. Work will be performed in Greenville, Texas.
Bostik, a subsidiary of Arkema, announced the proposed acquisition of XL Brands, a leader in floor covering adhesives in the United States, for an enterprise value of $205 million. The acquisition is expected to close by end of 2017.
Siemens was chosen by Tyr Energy as technology partner for the 1,000 MW Hickory Run Energy Center in Lawrence County, Pennsylvania, supplying two H-class gas turbines, one steam turbine, three generators, and a long-term service agreement. Siemens Financial Services will invest equity and own 20% of the project.
Broadcom Limited proposed to acquire all outstanding shares of Qualcomm Incorporated for $70.00 per share in cash and stock, valuing the transaction at approximately $130 billion including net debt. The proposal includes a $5 billion convertible debt financing commitment from Silver Lake Partners.
Ingalls Shipbuilding, a subsidiary of Huntington Ingalls Industries, agreed with Pemamek Ltd. to acquire large-scale PEMA welding automation solutions for its Pascagoula shipyard as part of its 'Shipyard of the Future' initiative. The delivery includes a state-of-the-art plate lengthening line and robotized welding systems.
Industrial Components of Texas, LLC (ICOTEX), a joint venture between Mitsubishi Caterpillar Forklift America and Jungheinrich Lift Truck Corp., broke ground in August 2017 on a 75,000-square-foot facility in Conroe Park North, Texas. The plant will produce over 600 types of components for forklift production, creating 83 new jobs with an $18 million capital investment.
KACE Valve was awarded a contract by Linde AG to supply automated severe service metal seated ball valves for Braskem America's polypropylene plant under construction in La Porte, Texas.
StandardAero Aviation Holdings, Inc. finalized the acquisition of Vector Aerospace Holding SAS from Airbus SE. Vector is a global aerospace MRO company with revenues over US$700 million in 2016 and approximately 2,200 employees.
The Dow Chemical Company and Karlville Development Group signed a collaboration agreement to promote Dow's PacXpert flexible packaging technology. Karlville will supply pouch making, spout inserting and filling and capping machinery for North American users.
The South Carolina Ports Authority Board approved a $69 million purchase of six STS cranes from ZPMC for the Port of Charleston. Five cranes will go to the new Hugh K. Leatherman, Sr. Terminal and one to the Wando Welch Terminal, with delivery expected in late 2019.
Jennmar opened a new conveyor structure plant in Russell County, Virginia, consisting of two buildings totaling 100,000 ft². The facility received $2 million in grant funding and currently employs 21, with plans to hire 20 more.
Span Tech LLC, a manufacturer of custom built plastic chain conveyor systems, will open a new Sales & Service Center and testing facility in Waukesha, Wisconsin. A ribbon cutting ceremony is scheduled for November 8, 2017.
Piab, an EQT VII portfolio company, announced the acquisition of US-based SAS Automation, a developer of mechanical grippers and robotic end-of-arm tooling systems. The acquisition complements Piab's existing product offering.
AC&A Enterprises, a portfolio company of AE Industrial Partners, acquired Applied Composites Engineering (ACE), a leader in advanced composites for aerospace and defense. The transaction closed November 1, 2017; terms were not disclosed.
Evonik Industries and Eli Lilly renewed a long-term agreement for Evonik to supply active pharmaceutical ingredients and intermediates for Lilly's human and veterinary drug products, with much of the supply coming from Evonik's Tippecanoe site in Indiana.
Quandel Construction Group was hired as general contractor by the City of Binghamton, NY for the $21.8 million solids phase portion of the Binghamton-Johnson City Joint Sewage Treatment Plant upgrade.
USG plans to upgrade its Jacksonville gypsum wallboard plant in Florida by adding a new production line for Securock ExoAir 430 panels, with completion expected by end of 2018 and about 20 new jobs.
Hexcel Corporation extended its existing contract with UTC Aerospace Systems' Aerostructures business to supply advanced composites for commercial aerospace programmes through 2030, with expected total sales exceeding $1 billion.
ATI and an affiliate of Tsingshan Group have reached a definitive agreement to form a 50-50 joint venture to manufacture and sell 60-inch wide stainless sheet in North America. The JV will restart the DRAP finishing facility in Midland, PA, adding 100 jobs. First shipments are expected in early 2018.
AHT Cooling Systems USA is expanding its existing facility in Ladson, South Carolina, adding assembly and distribution operations. The project involves over $5 million in capital investment and will create more than 70 new jobs.
Schneider Electric finalized the acquisition of ASCO Power Technologies, a leader in Automatic Transfer Switches, for $1.25 billion in cash. The deal was announced on July 27, 2017.
United Technologies Corp., Pratt & Whitney Military Engines was awarded a $19 million contract modification from the Naval Air Systems Command for extra-long-lead items in support of F-35 Lightning II production. Work is expected to be completed by November 2019.
Standard Calibrations, Inc. will invest more than $508,500 to expand its engineering operation in Chesapeake, Virginia, creating 150 new jobs.
Parker Hannifin has offered the US Department of Justice concessions, including selling the aviation fuel filtration business, to address the agency's post-closing challenge to its $4.3 billion Clarcor acquisition.
Clayton, Dubilier & Rice funds agreed to acquire a majority stake in SunSource Holdings, a distributor of hydraulic and pneumatic fluid power products in the US and Canada. Terms were not disclosed.
WestRock has entered into agreements to acquire substantially all of the assets of Plymouth Packaging, a corrugated packaging company known for its Box on Demand systems. The deal also includes Plymouth's equity stake in Panotec and its US and Canada distribution rights.
Fresenius Kabi is investing $100 million to expand its pharmaceutical manufacturing facility in Wilson, North Carolina, increasing prefilled syringe production capacity and creating 445 jobs.
Badger Meter agreed to acquire the assets of Carolina Meter & Supply, a utility supplier, effective November 1, 2017. The sum was undisclosed. Carolina Meter will do business as National Meter & Automation.
MamaMancini's Holdings closed its acquisition of Joseph Epstein Food Enterprises, its sole manufacturer, on November 1, 2017. No cash or stock was exchanged; the deal involved cancellation of $2 million in inter-company debt and assumption of $2 million in liabilities.
AE Industrial Partners acquired F.M.I., Inc., a manufacturer of large aerospace structural components, on October 31, 2017. Terms were not disclosed.
Schaeffler Group USA Inc. has invested $60 million in expanding its Wooster, Ohio facility, establishing it as the U.S. center for advanced E-Mobility development. The expansion was unveiled during the facility's 40th anniversary celebration.
BD is spending approximately $60 million on a 69,000-square-foot expansion and upgrade of its Columbus-East facility in Columbus, Nebraska, to create one of the largest plastic injection molding plants in the world. The project is expected to be completed by 2021.
A.J. Oster, a subsidiary of Global Brass and Copper Holdings, has acquired the business of Unimet Metal Supply Inc., including Alumet Supply, for approximately $42 million in cash. Alumet is a non-ferrous metals service center headquartered in Parsippany, New Jersey.
CVS Ferrari reported orders from Norfolk Southern for nine reach stackers and three masted laden container handlers, with deliveries starting in September 2017 and completing in February 2018.
Airbus and Nordam agreed that Nordam will supply the engine build-up system for A320neo aircraft equipped with Pratt & Whitney PW1100G engines. Nordam will design, integrate and deliver components to Airbus final assembly lines in Toulouse, Hamburg, Tianjin and Mobile.
The David J. Joseph Company (DJJ) announced that Service Center Metals (SCM) will use DJJ as the primary scrap buying agent for its Prince George, Virginia aluminum facility, starting mid-November 2017.
Road Machinery & Supplies Co. (RMS) acquired TriTec, a fabrication and engineering business, on November 1, 2017, and the merged entity operates as RMS TriTec. Facility improvements were made at the TriTec site.
The Pohlad family has acquired PAR Systems, a provider of integrated robotic automation and material handling solutions, from MML Capital Partners. Terms were not disclosed.
Corning announced an investment in Corning Valor Glass that will create 185 new jobs and support over 380 jobs overall at its Innovation Support Center in Big Flats and R&D facility at Sullivan Park in Erwin, New York. The investment is part of a previously announced $500 million plan to create 1,000 U.S. jobs.
MinebeaMitsumi Inc., through its subsidiary New Hampshire Ball Bearings, signed a Stock Purchase Agreement to acquire all shares of C&A Tool Engineering, Inc., a manufacturer of high-precision parts for medical, aerospace, defense, fuel system and industrial markets.
Continental has acquired Custom Machining Services, Inc., a Valparaiso, Indiana maker of hose assembly equipment, crimpers and dies, to expand its industrial hose services. Terms were not disclosed.
Tecumseh Products Company is investing $1.1 million and creating 60 jobs at its Verona, Mississippi facility, which is consolidating Canadian operations and will begin making the AK2 compressor line. The Mississippi Development Authority assisted with infrastructure improvements.
MCI (Motor Controls Inc) purchased the Flowtronex and Water Equipment Technologies (WET) product brands from Xylem Inc., as reported on 1 November 2017.