Cargill purchased the vegetable-based polyol product line Agrol and other assets from BioBased Technologies, expanding its biobased polyol offerings for foam and other industrial markets.
Tenowo Inc., a Hoftex Group AG business, celebrated the grand opening of its expanded plant in Lincolnton, North Carolina, in late March 2017. The expansion added a 70,000 square foot building and a new production line using Multiknit technology transferred from Germany, with a total investment of $10 million. The new line began operation in January 2017.
StandardAero was awarded a $35.8 million US Air Force contract for depot-level repair of T56 engine component parts used on Lockheed Martin C-130 Hercules aircraft. Work will be performed in San Antonio, Texas, with a due date of November 30, 2017.
Advanced Semiconductor Engineering (ASE) received official confirmation from the US Federal Trade Commission that its investigation into the merger with Siliconware Precision Industries (SPIL) has been closed with no further action warranted. The merger, announced June 30, 2016, will create ASE Industrial Holding Co.
Boston Scientific Corporation announced the close of its acquisition of Symetis SA, a Swiss structural heart company, for $435 million in cash. The deal was originally announced on March 30, 2017.
Matrix Design, LLC started construction on a new 50,000-square-foot facility in Bartlett, Illinois, combining two locations into one. The project adds 15,000 square feet of space and is expected to be completed by November 28, 2017, with move-in by end of December.
Continental is investing approximately $12 million in its ContiTech PVC hose business, creating a new competence center at its upgraded Mount Pleasant, Iowa plant, with more than 40 jobs added.
Honeywell started commercial operations at its $300 million automotive refrigerant production facility in Geismar, Louisiana.
Anheuser-Busch and its Metal Container Corporation unit held a ribbon cutting for a new aluminum bottle line at the Jacksonville plant. The $175 million expansion created 75 new jobs.
Pratt & Whitney installed a new atomization tower at its HMI facility in Clayville, New York, as part of a $7 million expansion that doubles output of nickel superalloy powder used in engine components.
Hosco Holdings LLC purchased Classic Precision Inc., a manufacturer of aerospace fuel delivery and combustion components for turbine engines. The acquisition extends Hosco's reach into the aerospace market.
Biomerics, a medical device maker, will relocate its corporate headquarters to a new 230,000-square-foot facility in Salt Lake City, Utah. The $38.5 million project includes corporate offices, R&D labs, and cleanroom manufacturing, expected to create over 380 jobs and be completed in 2018.
Industrial Realty Group contracted Veolia Energy Operating Services to operate and maintain the central utility plant and combined heat and power facility at a pharmaceutical campus in Pearl River, New York. Veolia will manage utilities across 250 acres, including a 23-MW CHP plant, 18,000-ton chiller plant, 400,000-pound-per-hour boiler plant, and water/wastewater treatment plant.
DePuy Synthes was awarded a national contract from the U.S. Department of Defense to supply up to $260 million worth of orthopaedic products to the Defense Logistics Agency's electronic catalog for U.S. military medical treatment facilities worldwide.
The ERAPSCO joint venture between Ultra Electronics USSI and Sparton Corporation was awarded a $77.6 million contract by the U.S. Navy for sonobuoys. Production subcontracts of $36.1 million will go to Ultra Electronics USSI and $41.5 million to Sparton De Leon Springs, with production expected to be completed by April 2019.
AstroNova was selected by China Electronics Technology Avionics Co. (CETCA) to supply ToughWriter 5 flight deck printers for the Information System on the COMAC C919 aircraft. The printers will be manufactured at AstroNova's Rhode Island plant.
Wärtsilä has signed an agreement to acquire Greensmith Energy Management Systems Inc., a US-based leader in intelligent energy storage technology, for an undisclosed amount. The acquisition is expected to close no later than July 2017.
Colas Inc., through its subsidiary Barrett Industries Corporation, has acquired assets from Graymont Materials (NY) Inc., including quarries, hot mix asphalt plants, and ready-mix concrete plants operating under the Upstone Materials brand in New York State.
Protosthetics has moved into a new nearly 9,000-square-foot facility at 617 4th St. N. in Fargo, North Dakota, for designing, making, and distributing 3D-printed prosthetics and orthotics. The facility will hold a ribbon-cutting ceremony on May 16, 2017.
Littlestar Plastics Inc. has invested more than $750,000 over the past three years in new injection presses, CNC machining equipment, and testing equipment at its Machesney Park, Illinois facility to expand its capability in high-performance polymer molding.
Funds advised by Triton have signed an agreement to acquire WernerCo, a manufacturer of access products and fall protection equipment. Terms were not disclosed. The transaction is subject to regulatory approval.
Alluxa announced a factory expansion at its Santa Rosa location that will double production capacity over the next two years, increasing floor space to over 40,000 square feet and deposition machines to 24.
Owens Corning has signed an agreement to acquire Pittsburgh Corning, a producer of cellular glass insulation, for approximately $560 million in cash. The transaction is expected to close in Q3 2017.
LyondellBasell broke ground on its first commercial Hyperzone polyethylene plant at its La Porte, Texas complex. The plant will produce 500,000 metric tons of HDPE annually and is planned to start up in 2019.
Anheuser-Busch InBev announced a capital expenditure program of close to $500 million in 2017 and $2 billion through 2020 for its U.S. brewing operations. Projects include brewery and distribution upgrades, packaging and sustainability improvements, and new distribution facilities in Los Angeles and Columbus.
California-based packaging designer and manufacturer Maxco Supply selected Infor M3 ERP and Infor HCM, WFM and XM to replace an aging Oracle system. The selection followed a search of more than a year that evaluated a dozen vendors.
Caterpillar has acquired construction equipment technology company Yard Club for an undisclosed amount. Yard Club specializes in peer-to-peer equipment rental software.
Integer (Lake Region Medical) invested more than $7 million to expand its manufacturing capabilities in Salem, Virginia. The site has experienced 10% year-over-year employment growth over the past three years.
Hino Motors launched the expansion of a 110,000 square feet production line at its Marion, Arkansas facility to manufacture rear axles and front knuckle assemblies for Toyota Tacoma trucks. The project involved $280 million investment and over 300 new hires since 2013.
Evoqua Water Technologies signed a sales agency agreement with Duwel Group to market its SeaCURE ballast water management system in Northern Europe.
Electrolux is expanding its existing manufacturing facility in Anderson County, South Carolina, with a capital investment of more than $200 million. The project will add 800,000 square feet for manufacturing capacity and warehousing, with construction starting in summer 2017 and continuing through 2019.
3M will invest $34.5 million to expand its sponge manufacturing plant in Tonawanda, New York, retaining 308 jobs and creating 39 new positions. The project includes new high-speed wrapping equipment.
Flexsteel Industries, Inc. announced plans to relocate its manufacturing operations to a new site in the Dubuque Industrial Center South, investing over $28 million to construct and equip a 250,000-square-foot facility.
Viking Plastics, a portfolio company of Spell Capital, announced its acquisition of Genesis Plastics and Engineering, LLC, a Scottsburg, IN-based manufacturer of automotive interiors and custom injection molded products.
Kobe Steel Ltd. will establish Kobelco Aluminum Products & Extrusions Inc. (KPEX) in Bowling Green, Kentucky, to manufacture aluminum extrusions for the automotive sector. Total investment is $46.7 million, creating 110 jobs.
Kinshofer GmbH acquired more than 96% of the LLC Units of Solesbee's Equipment and Attachments, LLC. The acquisition adds new product segments like excavator thumbs and mechanical pulverizers, and improves Kinshofer's distribution in the United States.
The Sterling Group, a private equity firm, acquired Time Manufacturing Company from O'Flaherty Holdings Limited. Time Manufacturing, based in Waco, Texas, is a global designer and manufacturer of vehicle-mounted aerial lifts for telecom and electric utility markets.
Harvest Partners LP and Audax Private Equity completed the combination of AP Emissions Technologies and Centric Parts to form APC Automotive Technologies. Harvest made a new equity investment, and Audax retained a significant stake. Terms were not disclosed.
Kaiser Aluminum is spending more aggressively on its $150 million investment at the Trentwood plant in Spokane Valley, including installing a three-story plate shear, to increase manufacturing capacity by 5-10% by early 2018.
Constellium celebrated the grand opening of its new 135,000 sq. ft. plant in White, Georgia, dedicated to producing advanced aluminium automotive structural components and crash management systems, with plans to employ 150 people by 2019.
Adcole Corporation and Maryland Aerospace Incorporated merged to form Adcole Maryland Aerospace, LLC, a new company focused on small satellites and spacecraft attitude control. The company will maintain facilities in Crofton, Maryland, and Marlborough, Massachusetts.
Hermitage Equity Partners, joined by Greyrock Capital Group, acquired Bentec Medical Inc., a manufacturer of silicone-based medical devices and OEM components. The acquisition includes a change in CEO to Scott Christensen.
Conax Technologies acquired Quartz Engineering, a manufacturer of quartz sheaths for temperature sensors headquartered in Tempe, Arizona. Manufacturing operations will remain in Tempe.
IZI Medical Products, a Shore Capital Partners portfolio company, acquired the vertebroplasty family of products from Cook Medical, including needles, injectors and cements under the Duro-Ject, Osteo-Site, Osteo-Force and Vertefix brands.
Electronic Power (EP) Systems announced it will expand to Utah, establishing a manufacturing site in Cache County, adding up to 128 jobs and $11.6 million in capital investment.
Speyside Equity Fund I LP acquired all assets of Ashland Foundry and Machine Works in Ashland, Pennsylvania, plus West Coast Stainless Products and Dynatek in Huntington Park, California, with transactions completed in early May 2017.
Blackhall Valves designed and manufactured the 108-inch high-pressure gate valves, weighing over 100 tons, for the $2B Integrated Pipeline Project in Texas, ordered by TRWD.
GKN Aerospace broke ground on a new 20,000-square-foot, $700,000 storage depot in Tallassee, Alabama. The warehouse will take about four months to build and will free up manufacturing floor space for new projects.
Alpine 4 Technologies' subsidiary Quality Circuit Assembly (QCA) was awarded a production contract with an international medical device company. Production is expected to begin in Q3 2017 after clinical trials, with potential revenue of several million dollars over 24 months.
McClarin Plastics has acquired Custom Composites, an Oklahoma City-based manufacturer of polypropylene and composite fiberglass products. McClarin plans to invest additional capital and add over 50 jobs at the facility.