Carrier and Midea America launched Carrier Midea North America, a joint venture to produce and distribute residential ductless HVAC systems in North America, with Carrier holding majority ownership.
Thomas D. Duff III, owner of Duff Grinding Corp., purchased Hermann Schmidt Precision Workholding from Peter Schmidt as of September 29, 2017. The business will remain in South Windsor, Connecticut, with no interruption of operations.
Count On Tools Inc. purchased and installed two DMG NHX-4000 horizontal milling centers at its expanded manufacturing facility to increase production capabilities and lower lead times.
Fall Machine Company LLC is expanding a 15,500-square-foot machine tool accessories facility in Somersworth, New Hampshire, with a 16,400-square-foot addition. Construction of the $9 million project is expected to begin in fall 2017 and be completed in spring 2018.
Belden Machine Corporation is building an $11 million precision universal joint project with a 39,831-square-foot facility in Hillside, Illinois. Construction began in early 2017 and is anticipated for completion by year-end 2017.
Schunk Intec Incorporated is planning a $30 million expansion of its existing facility in Morrisville, North Carolina, adding a 19,000-square-foot east side building addition and 22,000-square-foot three-story north side addition. Construction began in fall 2017 and is expected to be completed in fall 2018.
United Grinding North America Incorporated is building a $13 million grassroots grinding tool and machine plant in Miamisburg, Ohio, with a 100,000-square-foot facility. Construction began in late fall 2016 and is anticipated for completion in fall 2017.
Anaheim-based MeriCal, owned by Linden Capital Partners, acquired Ogden, Utah-headquartered probiotic manufacturer Global Health Industries, combining their probiotic and supplement manufacturing capabilities. The combined company will employ nearly 550 people at six US sites.
German packaging firm Südpack has acquired Oak Creek-based Seville Flexpack for an undisclosed price, gaining two facilities totaling 156,000 square feet. All 40 employees will remain.
Steel fabrication company Vigor Works was awarded a $979.8 million contract by the U.S. Army for development of the Maneuver Support Vessel (Light), with an estimated completion date of Sept. 28, 2027.
The U.S. Navy awarded General Dynamics Bath Iron Works funding for the planning and construction of two Arleigh Burke-class destroyers, DDG 126 and DDG 127.
Dyson Corp. was awarded a contract to manufacture and supply critical fasteners for the George Washington Bridge Refurbishment Project, a 7-year project expected to be completed in 2024.
Dyson Corp. was awarded a contract to supply and manufacture critical fasteners for the Norfolk Southern Railroad Project, a major railway renovation.
AM General received multiple delivery orders for HMMWV vehicles and parts totaling over $550 million from Afghanistan, Iraq, Ukraine, Jordan, Slovenia, Bahrain, Colombia, Bosnia and Kenya under a $2.2 billion FMS contract.
Liebherr USA, Co. opened a new facility in Lodi, California, for sales, service and repair of mobile and crawler cranes, piling and drilling rigs. The facility includes service bays, warehouse and office space.
RFPi Inc. signed an agreement with Nipro Corporation for Nipro to acquire 15 percent ownership of RFPi and receive exclusive distribution rights to the iCertainty medical device in Japan, with joint development for additional applications.
BorgWarner finalized its acquisition of Sevcon, a global player in electrification technologies, on September 27, 2017. Sevcon's annual sales for 2017 are expected to be approximately $60 million.
Mosaic Capital Partners structured and funded an Employee Stock Ownership Plan (ESOP) buyout of Galfab, a manufacturer of waste hauling equipment with locations in Indiana and Arizona. Galfab became an independent, employee-owned company.
Crown Equipment Corp. added a second facility to its manufacturing operation in Greencastle, Indiana, to support growing demand for electric and internal combustion counterbalance forklifts. The new facility includes manufacturing processes and storage.
Liebherr USA, Co. has opened a new facility in Lodi, California, for sales, service and repair of mobile and crawler cranes, piling and drilling rigs. The facility includes service bays, a warehouse and office building.
Bavarian Nordic secured a sole source contract from BARDA for freeze-dried IMVAMUNE smallpox vaccine, with an initial base award of USD 100 million for bulk manufacturing and potential total value exceeding USD 539 million.
Sofie Biosciences completed the acquisition of Zevacor Pharma, forming a combined company called SOFIE. Zevacor Pharma operates 16 radiopharmacies and a contract manufacturing organization, serving over 425,000 patients annually.
Ensign-Bickford Industries (EBI) acquired TiNi Aerospace Inc., a provider of non-explosive release mechanisms for aerospace, defense, and subsea markets. TiNi will join EBI's Ensign-Bickford Aerospace & Defense Company (EBAD).
Core & Main signed a definitive agreement to acquire substantially all of the assets of Minnesota Pipe & Equipment, a waterworks distributor with three branches in Minnesota. The deal is expected to close in October 2017.
Toyota announced a $106 million investment and 50 new jobs at its Huntsville, Alabama engine plant to replace the current four-cylinder engine line with next-generation engines using Toyota New Global Architecture.
Atlas Copco cut the ribbon on an expansion in Franklin County, consolidating operations and adding jobs as part of a broader 100-job increase across two companies.
Eldorado Stone cut the ribbon on an expansion moving from a 90,000 sq ft building to a larger facility in Antrim Commons Business Park, consolidating operations from Greencastle and Hagerstown. The expansion will add jobs as part of a broader 100-job increase across two companies.
Sabert Corporation will open a new 450,000 sq ft manufacturing facility in Greenville, Texas, its first North American site making 100% compostable food packaging, expected to create about 125 jobs over three years with full operation by end of 2018.
Toyota Motor Manufacturing Alabama will invest $106 million to replace its four-cylinder engine line with Toyota New Global Architecture (TNGA) technology, creating 50 new jobs.
S&K Aerospace, LLC won a $559 million contract from the U.S. Air Force to provide logistics support and consumables for Royal Saudi Air Force F-15 aircraft variants, including operating print plant facilities. Work will be performed through March 31, 2023.
Toyota Motor Corp. announced a $374 million investment at five U.S. plants in Alabama, Kentucky, Missouri, Tennessee and West Virginia to support production of its first American-made hybrid powertrain. The investment includes $106 million at Huntsville, Alabama; $121 million at Georgetown, Kentucky; $115 million at Buffalo, West Virginia; $17 million at Troy, Missouri; and $14.5 million at Jackson, Tennessee.
Lamar Technologies announced the asset acquisition of the Sky-Tec branded solenoid product line from Hartzell Engine Technologies, with manufacturing moved to Lamar's Marysville, Washington location.
Johnson & Johnson subsidiary DePuy Synthes secured a $32,994,565 contract from the U.S. Department of Defense for medical surgical products, with options for up to nine years.
South Korea-based steelmaker Posco opened a $21 million, 80,000-sq.-ft. steel wire processing plant in Jeffersonville, Indiana, with plans to expand to 136,000 sq. ft. and create up to 60 jobs.
Seyer Industries, Inc., a manufacturer for aerospace and maritime industries, is expanding its facility in St. Peters, Missouri, with a 70,000 sq. ft. addition, $25 million investment, and 125 new jobs.
BARDA exercised its third option under a contract with Velico Medical, providing an additional $18.9 million for development of spray dried plasma technology, raising total commitment to $46.5 million.
Weidmann Electrical Technology Inc. will expand its facility in Urbana, Ohio, adding 2,600 square feet, new equipment worth $500,000, and 20 new jobs as part of a $2.7 million expansion.
Tenneco will supply full aftertreatment systems for new Detroit DD5 and DD8 medium-duty engines used in the Daimler Trucks range.
Dow Chemical and DuPont completed their merger of equals, forming DowDuPont with an estimated market value of more than $30 billion.
Unitech Composites has signed a multi-year Master Procurement Agreement with Textron Aviation to supply multiple composite parts for the Cessna Citation CJ3 and CJ4 light jet platforms.
Honeywell International is leading a 15-year, $88.6 million control system replacement program under the LAWINS project for the City of Los Angeles, with work underway at Terminal Island and Hyperion wastewater treatment plants.
Tegra Medical added a 3,200-sq-ft GENESIS Tech Center in Hernando, MS for medical device prototyping, and a 27,000-sq-ft building with a Class 8 cleanroom in Costa Rica.
Aditya Birla Group is preparing a bid for aluminium maker Aleris Corp, valuing it at $2.5 billion enterprise value, with an offer expected as soon as the first week of October 2017.
The Coesia Group announced the acquisition of the entire share capital of MGS Machine Corporation, a provider of packaging automated machinery headquartered in Minneapolis, Minnesota, with 2017 revenues of USD 28 million and about 120 employees.
Hamamatsu Photonics has agreed to acquire Energetiq Technology, a US manufacturer of laser-driven light sources, for $42 million plus company cash.
Makino Inc. announced its merger with EDM consumables supplier Global EDM Supplies. The merger is expected to expand Makino's Single Source Technologies (SST) consumables business by broadening geographic reach and product diversity.
Nel ASA, through its divisions Proton Onsite and Nel Hydrogen Solutions, received a $8.3 million purchase order from SunLine Transit Agency for a combined hydrogen PEM electrolyser and H2Station fueling solution in California. The facility will have a hydrogen capacity of up to 900 kg per day, making it the world's largest combined hydrogen production and fueling facility currently contracted.
Tetra Pak is investing $35.6 million (EUR 30 million) in factory upgrades at its packaging material converting plant in Denton, Texas, including a new laminator. The upgrades are expected to be completed by late 2018.
General Electric agreed to sell its GE Industrial Solutions business to a European rival for $2.6 billion. The deal is expected to close in the first half of 2018.
CIRCOR International signed a definitive agreement to acquire Colfax Fluid Handling from Colfax Corporation for about $855 million, including $542 million cash, new CIRCOR shares and assumed pension liabilities. Colfax will hold about 16% of CIRCOR after closing.