Kirby Corporation signed a definitive agreement to acquire substantially all assets of Stewart & Stevenson for about $710 million before adjustments. Funding is half credit facility and half Kirby stock, with closing expected in the third quarter of 2017.
VME has been awarded contracts for multiple modularized wellsite facilities for a multi-well pad drilling program in the Permian. Its North Texas fabrication facility will build the piping, pipe racks, separation and fluid transfer systems.
Commercial Metals Company (CMC) signed a definitive agreement on June 12, 2017, to sell its raw materials trading division, CMC Cometals, to Traxys North America L.L.C. and Traxys Europe S.A., affiliates of The Carlyle Group. The transaction is expected to close later in summer 2017.
Daikin Applied formed a relationship with Harrison Energy Partners, which will become the factory sales and parts representative and a Service Alliance Partner for Daikin in central, northwest and western Arkansas and eastern Oklahoma, effective July 1, 2017.
U.S. Silica approved construction of a new frac sand mine and plant in West Texas to serve the Permian Basin. The $225 million facility will produce 4 million tons annually, with construction starting immediately and initial production scheduled for late Q4 2017.
Cadman Materials Inc., a subsidiary of HeidelbergCement, agreed to acquire 14 ready mixed, aggregate and asphalt operations in Washington and Oregon from Cemex USA.
Verific Design Automation announced the acquisition of Invionics Software's entire INVIO technology portfolio for EDA tools and flows. An R&D group will join Verific's engineering department.
Italy-based Provides Metalmeccanica announced a $6.1 million investment in its first US manufacturing facility in Augusta County, Virginia. The plant completed its first production run of heat exchangers in September 2015, nine months after the announcement.
Endress+Hauser Group expanded its production facilities in the U.S. with a $9 million addition to its temperature measurement production facility in Greenwood, Indiana.
Hyster-Yale Group has won a potential five-year, $400 million contract from the Defense Logistics Agency to supply material handling equipment to U.S. military services and federal civilian agencies.
Multimatic Inc. is investing $40 million to establish a 125,000-square-foot manufacturing facility in New Haven, Indiana, producing advanced high-strength steel components for vehicle body structures. The plant will create up to 180 jobs by end of 2018, with operations starting later in 2017.
Cimcorp North America, part of Murata Machinery, will supply a turnkey material-handling automation system for Giti Tire's new manufacturing facility in Chester County, South Carolina. The facility will produce 10 million tires annually and create 1,700 jobs, with completion scheduled for 2019.
Cascades Inc. announced an US$80 million investment for a new 400,000 sq. ft. containerboard packaging plant in Piscataway, New Jersey, creating 120 jobs. Operations are expected to begin in Q2 2018.
Lattice Semiconductor and Canyon Bridge amended their merger agreement to withdraw and re-file their CFIUS notice and extend the outside date for the merger to September 30, 2017.
Qualcomm announced its proposed $47 billion acquisition of NXP Semiconductors. The European Commission has initiated an in-depth investigation into the deal, with a decision expected by October 17, 2017.
Kloeckner Metals Corp. hosted a grand opening for its flat-rolled division's move to a 106,000 square foot facility in University Park, Illinois, adding new machinery including a 72-inch slitter and cut-to-length line.
An-Cor Industrial Plastics will invest over $439,000 to upgrade its facility in North Tonawanda, New York, adding dual laminate tanks and pipes to its production line. The expansion is expected to create over 20 jobs and be completed by April 2022.
Executives and elected officials celebrated the official launch of Komatsu Mining Corp., a global mining equipment and services company operating as a subsidiary of Komatsu Ltd.
Hudbay's Rosemont Copper Mine received Forest Service approval in Arizona.
Northern Empire acquired the Sterling Gold Project in Nevada for $10 million.
Sabre Industries will invest $1.6 million to expand production and add 50 jobs at its Sabre Building Systems by CellXion facility in Bossier City, Louisiana. The new production line will manufacture large steel poles and support systems for transmission networks.
Pietro Fiorentini held a groundbreaking ceremony on Friday, June 9, 2017, for a $5.5 million facility in Weirton's Three Springs Business Park. The plant is due to open by spring 2018 and will employ up to 45 people in its first phase.
Raymond announced an expansion of its Raymond Parts Division with more than 40,000 sq ft added to its distribution center on Kirkville Road in East Syracuse, New York.
The Raymond Corporation opened the RayBuilt Center of Excellence in East Syracuse, New York, to remanufacture Raymond forklifts and components, with over 40,000 sq ft for remanufacturing.
Polyguard Products moved a majority of its operations to a new 380,000-square-foot facility in Corsicana, Texas, after purchasing and renovating the former Anchor Glass building. The company has more than doubled its manufacturing capabilities.
B&W Energy Services was awarded a contract by Dow Chemical to provide Aqualazing services for the Gulf Stream Poly B polyolefins project in Plaquemine, Louisiana. The scope began in Q2 2017.
Bath Iron Works was awarded a $9.67 million contract by the U.S. Navy for electrical components including switchboards, transformers and cooling fans.
Cobham Semiconductor Solutions received a sole-source contract from NASA to supply radiation-tolerant analog multiplexers for space applications. The contract value has not been negotiated.
HarbisonWalker International broke ground on a new monolithic refractories manufacturing facility in South Point, Ohio. The $30 million plant is scheduled to open in early 2018.
Shorehill Capital formed Tribus Aerospace LLC and acquired Advanced Machining & Tooling, a precision machined parts manufacturer for aerospace and defense. The terms were not disclosed.
Frontier Electronic Systems received a potential five-year, $72.9 million IDIQ contract from the U.S. Navy to manufacture AN/SPQ-14 sensor distribution systems and AN/SPQ-15 data distribution systems for integration on ships, with work in Stillwater, Oklahoma through June 2022.
LMI Aerospace Inc. shareholders approved the merger agreement for Sonaca Group's acquisition of LMI for $14 per share in cash. The transaction is expected to close by the end of June 2017.
Germany-based Norafin broke ground on its first North American facility in Mills River, North Carolina, with an initial investment of $18 million. The 75,000 sq ft plant will produce specialty non-woven materials, with production expected to begin in spring 2018.
NASA plans to issue a sole-source contract to Cobham Semiconductor Solutions for radiation-tolerant analog multiplexers for space applications. The contract value has yet to be negotiated.
AXEL Plastics Research Laboratories has opened a new 42,000 sq ft global headquarters in Monroe, Connecticut, expanding manufacturing, R&D, and laboratory capacities.
Smith & Nephew is considering expanding a factory and laboratory facility in Fort Worth, Texas, which would add 100 jobs, and is seeking a tax abatement for the project.
CoreRx and Aimmune Therapeutics have increased manufacturing operations at CoreRx's ICOT Center campus in Clearwater, Florida. The expansion consists of about 20,000 sq ft of manufacturing and warehouse space.
Bulten AB signed a strategically important contract with a vehicle manufacturer in the USA. The annual order value is approximately $5.5 million, with deliveries starting and ramping up during 2018 and full volumes expected in 2019/2020.
Siemens has completed the 100th locomotive at its rail manufacturing hub in Sacramento, California, building locomotives for Brightline and various U.S. departments of transportation.
The Association of American Railroads' Intermodal Operations Committee has approved CakeBoxx Technologies' newest 53-foot intermodal container, Model 732, for use on North American freight-rail networks.
IPS Cranes has agreed to acquire American & Ohio Locomotive Crane Co. (AOLCrane), creating a broader range of crane manufacturing and services.
Miyake Forging North America Corporation will build a 45,000-square-foot automotive bearing parts manufacturing facility in Surgoinsville, Tennessee, investing $13.7 million and creating 60 jobs.
NTK Precision Axle Corp. is breaking ground on a 300,000 square-foot manufacturing facility in Anderson, Indiana, investing over $100 million. The plant is expected to create nearly 200 jobs by 2021 and begin production in October 2018.
Fukai Toyotetsu Indiana Corp plans to invest $56.9 million to double its 125,000-square-foot facility at 1100 N. Lebanon St., Lebanon, Indiana, to 250,000 square feet, creating up to 155 new jobs by 2020.
WestRock completed its acquisition of US-based Multi Packaging Solutions International (MPS) for $2.28bn, after receiving all regulatory approvals. WestRock paid $18 per share in cash and assumed about $873m in net debt.
Gardner Denver Holdings has acquired Sidney, Ohio-based LeROI Compressors for about $20 million in cash. LeROI makes gas compression equipment for vapor recovery and biogas, and has 80 employees.
Houston-based Comfort Systems USA Inc. acquired Indianapolis-based Compton Mechanical Systems Inc. The acquisition closed on June 6, 2017. Financial terms were not disclosed.
Hubbell Power Systems will invest $19 million to expand its two facilities in Leeds, Alabama, adding and upgrading equipment, with potential to create up to 70 jobs.
Daikin Applied acquired Panama-based contractor SAEG Engineering Group to improve its ability to serve customers in Latin America. SAEG has offices in Colombia, Costa Rica, Dominican Republic, Panama and Chile.
P4G Capital Partners acquired the assets of Fore Machine Company and Aero Components, both aerospace and defense precision machining and processing companies based in Texas.