Thompson Pump & Manufacturing bought 15 acres off Williamson Boulevard in Port Orange from the city for $1 million, closing March 2, 2017, to build a new U.S. headquarters with 100,000-square-foot main building; groundbreaking planned for 2018.
Gelita will build a $22 million, 30,000-square-foot expansion at its Port Neal facility near Sergeant Bluff, Iowa, adding up to 21 jobs and increasing collagen peptide production capacity by 30%. Construction starts March 2017 with completion in late 2018.
Samsung Electronics completed the $8 billion acquisition of Harman International Industries. Harman will operate as a standalone subsidiary with CEO Dinesh Paliwal remaining. The deal positions Samsung in the connected car market.
Confluent Medical Technologies, a medical device contract manufacturer, acquired Northern Nitinol, a Minnesota-based Nitinol manufacturer specializing in rapid prototyping. The acquisition strengthens Confluent's Nitinol supply chain and adds a facility in Minneapolis.
3D Medical Manufacturing, a medical device manufacturer, plans to expand its headquarters in Riviera Beach, Florida, investing $11.9 million in new equipment and creating 178 jobs over five years. The expansion was announced in a county commission agenda in September 2016 and is set to be formalized on March 14, 2017.
Kobe Steel's subsidiary Kobelco Construction Machinery will invest approximately ¥4 billion to expand its hydraulic excavator factory in South Carolina, USA, and increase staff to 150 by 2020.
Dematic, a Kion Group company, announced plans to integrate Retrotech, Inc. into its organization as a division of Dematic North America Customer Service. Retrotech was acquired by Kion Group in March 2016. The integration is targeted for completion in 2017.
Platinum Equity, a global investment firm, acquired Warren Valve, a Houston-based flow control valve maker, from Allied Group. Terms were not disclosed.
Bidell Gas Compression, a subsidiary of Canadian Total Energy Services Inc., will repurpose a 100,000-square-foot decommissioned machine shop in Weirton, West Virginia, to fabricate, sell, lease and service natural gas compression equipment. The operation expects around 60 jobs in 2017, rising to 130 by 2019.
Biomerics, a medical device plastics manufacturer, will build a new 200,000 square foot corporate headquarters in Utah, adding up to 380 jobs and an estimated $38.5 million in capital investment.
Arkema, Slipmate, and Salco Products have collaborated to launch Kynar ADX PVDF powder coated rail car cover plates for use in extreme environments. Slipmate has set up a new fluidized bed coating line in Elgin, Illinois, for this purpose.
Faurecia Clean Mobility plans to open a $4 million, 137,500-square-foot production facility in Fort Wayne, Indiana, creating up to 144 jobs by next year.
SMS group was awarded a contract for an expansion of the merchant bar mill at Steel Dynamics Inc.'s Roanoke Bar Division in Virginia, including a new reheating furnace and finishing area, to increase rolled capacity from 500,000 to over 600,000 tons per year.
Sartorius plans to acquire Essen BioScience from SFW Capital Partners for $320 million in cash, expected to close before March 2017, to expand its bioanalytics portfolio.
Harris Corporation secured a $27.97 million contract modification for work on the systems engineering and sustainment integrator (SENSOR) program of the US Air Force by April 2018, providing support for BMEWS and PAVE PAWS systems.
The US Air Force Research Laboratory awarded a contract modification to Technology Service Corporation to support rapid reaction technologies and systems/support jammer cueing effort of the SBIR III program, to be completed in November.
Alliant Techsystems Operations LLC won a $67 million five-year contract from the US Robins Air Logistics Center to supply SR-116 rocket motors for the AIM-9P rocket, with deliveries to Bahrain, Taiwan and Egypt.
Lockheed Martin Inc. agreed to supply flight line spare components to the US Air Force under a $750 million contract awarded by the US Defense Logistics Agency Aviation.
Mission Ready Services Inc. has closed the acquisition of the business and certain assets of Wild Things, LLC for USD $4.5 million. The transaction was first announced on September 1, 2016.
Element Materials Technology has entered into an asset purchase agreement to acquire the assets of Durkee Testing Laboratories, a specialist provider of metallurgical investigation and testing services in Paramount, California. The acquisition will be integrated into Element's Huntington Beach laboratory.
B/E Aerospace stockholders voted to approve the merger with Rockwell Collins, with each share to be converted into $34.10 cash and 0.3101 shares of Rockwell Collins common stock. The merger is expected to close in spring 2017.
The Corix Companies, a Canadian water utility infrastructure firm, acquired H.B. Jaeger Company, a wholesale waterworks distributor in Washington state, expanding Corix's West Coast presence.
Norwood Medical, a medical device manufacturer, plans a $23 million expansion with a ninth building at its Winners Circle campus in Dayton, Ohio, and expects to hire 40 additional employees.
Gestamp announced a $129 million expansion of its Union County, South Carolina plant, including a 123,000 sq ft addition and a lease on a spec building. The expansion will create 130 jobs and support BMW and Volvo production.
Wilo USA took over the operative business of US pump producers Weil Pump Co and Scot Pump Co and component maker Karak Machine Corp. The three companies employ about 140 people in Cedarburg, Wisconsin.
Setpoint Integrated Solutions expanded its Flowserve distribution contract for Durco, Atomac and Automax valve lines to cover all its Texas and Louisiana branches, including the greater Houston area, and became a fifth Black Tie Authorized Repair House at its La Porte facility.
WILO USA LLC, a subsidiary of WILO SE, acquired in an asset deal the operative business of Weil Pump Company, Scot Pump Company and Karak Machine Corporation, which employ about 140 people in Cedarburg, Wisconsin. I-ADVISE AG advised WILO SE as financial advisor.
Lindal Group finalized plans to build a $20 million, 100,000-square-foot manufacturing facility on 15 acres in the Woodside Northwest Industrial Park in Columbus, Indiana, consolidating its three local facilities. Peterson Co. of Indianapolis was chosen to build it, with groundbreaking planned for spring 2017.
Stern Rubber Company completed a 10,000-square-foot building addition at its Aitkin, Minnesota plant, doubling its size and moving 14-inch to 24-inch gate valve production from its Staples facility. Hammers Construction of Perham built the addition.
Daiichi Kasei Co. Ltd. acquired Ultrafabrics LLC for an enterprise value of $150 million. Ultrafabrics is a manufacturer of high-performance polyurethane fabrics for OEM customers in furniture, automotive, RV, aviation, healthcare, and marine markets.
TimkenSteel plans to invest $9 million in its Eaton, Ohio facility to increase capacity and bring outsourced operations in-house, creating 12-14 new jobs by the end of June 2017.
Sun Capital, a private equity firm, acquired Horizon Services Inc., a heating, cooling and plumbing company. The acquisition will be used to expand the company along the East Coast, with plans to add 100 Delaware workers over the next few years.
Pioneer Power Solutions acquired substantially all assets of Harmonics Holdings Inc., doing business as Harmonics Limited, a provider of harmonic suppression technology. Financial terms were not disclosed.
The U.S. Army awarded Revision Military a $98 million contract to produce Advanced Combat Helmet Generation II units, with delivery expected by March 2022.
Samsung is planning a major investment to expand U.S. production facilities, with an initial capital investment expected to be around $300 million. The move may shift manufacturing from Mexico and was influenced by the election of President Donald Trump.
High Steel is winding down its $120 million contract to supply steel girders for the New NY Bridge project. The last two superload girders were shipped from its Williamsport plant on March 7, 2017. The company produced about 50,000 tons of steel for the bridge.
GE and Caithness Energy announced an exclusive agreement to develop multiple HA combined-cycle power plants in the US. The equipment package could exceed $1 billion and includes up to six HA gas turbines. Plants are projected to be developed throughout 2017 and 2018.
HIPOWER SYSTEMS announced it is finalizing the purchase of a $24 million, 515,000 sq. ft. industrial building in Olathe, Kansas, for its new corporate headquarters and manufacturing facility. The company will invest an additional $11 million in machinery, with operations starting in September 2017 and up to 75 new jobs over the next few years.
Indev Gauging Systems Inc, a subsidiary of Jasch Industries, acquired Automation and Control Technology Inc for $1 million. The combined entity will offer advanced in-line web-based measurement and control technologies.
Nelson-Miller, Inc. acquired Wilson-Hurd Mfg. Co., a Wisconsin-based manufacturer of electronic control products, nameplates, dials, and medical products. Wilson-Hurd will operate as a division of Nelson-Miller.
Plastic Omnium has begun construction of two new manufacturing facilities in Greer, South Carolina and Tennessee, part of a $300 million investment across four US facilities that will add nearly 1,000 jobs by 2018.
Tecnoglass, Inc. has acquired Giovanni Monti and Partners Consulting and Glazing Contractors, Inc., a Florida-based commercial glazing and engineering company, for $35 million.
Avangard Innovative LP will invest $10 million in a new 35,000-square-foot plant to recycle LDPE film at its existing site in Houston. Construction begins in June 2017, production in August, and full capacity by October. Annual processing capacity will be 48 million pounds.
West Star Aviation has reached an agreement to acquire Avant Aerospace, a supplier of Dassault Falcon Jet spares and equipment based in Grapevine, Texas. Avant will continue to operate under its own brand.
Dana Incorporated debuted off-highway drivetrain and power-transmission offerings at CONEXPO-CON/AGG in Las Vegas, including a complete drive system for 55- to 110-ton cranes and new Brevini construction solutions.
General Electric's aviation business has spent over $5 billion to upgrade or build new factories for next-generation jet engines, including $4.3 billion in the U.S. and $1.1 billion overseas. New plants were built in Auburn and Huntsville, AL, Lafayette, IN, Ellisville, MS, and Asheville, NC, with upgrades in Hooksett, NH and West Jefferson, NC.
B&W Energy Services was awarded a contract by CB&I to provide steam blow services and AquaLazing services for the 671 MW Eagle Valley combined cycle gas turbine power plant in Martinsville, Indiana.
Compagnie Plastic Omnium SA announced a $300 million investment in the USA and launched construction of two additional factories.
Textron Inc. completed its acquisition of Arctic Cat Inc., making it a wholly owned subsidiary of Textron Specialized Vehicles Inc., adding snowmobiles, side-by-sides and ATVs to its product line.
Plastic Omnium SA will build a plant in Smyrna, Tennessee, to mold fuel systems for Nissan.