TriMark USA, the largest foodservice equipment and supplies distributor in the US, acquired Hockenbergs Food Service Equipment & Supply, an Omaha-based dealer with 270 employees and 10 locations.
Toshiba Medical Systems has won a 5-year, $827.6 million fixed-price contract with the US Department of Defense to provide radiology systems, accessories and training to the Air Force, Navy, Army, Marine Corps and federal civilian agencies.
Cricket Valley Energy Center LLC has awarded Bechtel a $1.6 billion contract to design and build a 1,100-megawatt natural-gas fired combined-cycle power plant in Dover, New York. The plant is scheduled for completion in 2020 and will create approximately 1,100 construction jobs.
Oerlikon Metco plans to spend $62 million to open a facility in Huntersville, North Carolina, creating 93 high-paying jobs over five years. The plant will specialize in end-to-end advanced component manufacturing and R&D, and will be the company's first such facility in the U.S.
ICU Medical Inc. completed its acquisition of Pfizer's Hospira Infusion Systems business, which includes IV pumps, solutions and devices. The deal adds a complete IV therapy portfolio and a broader global footprint.
Specialty chemicals distributor TMC Materials Inc. was acquired by Ravago Chemical Distribution, a subsidiary of Ravago Holdings America. The business will continue as TMC Materials.
The U.S. Space and Naval Warfare Systems Command has awarded Raytheon Technical Services a $49.9 million contract for engineering, production, procurement, and support services for the Navy's Environmental Satellite Receiver Processor program. Work will be performed primarily in Indianapolis, Indiana, with completion expected in September 2022.
CenterOak Partners LLC completed a majority investment in Aakash Chemicals and Dye-Stuffs Inc., a supplier of pigments, dyes, and chemical additives. CEO Aakash Shah retained his ownership position and will continue as CEO.
Lockheed Martin and the Pentagon have agreed on an $8.2 billion contract for 90 F-35 fighter jets, reducing costs by $728 million. The deal will create 1,800 new jobs at Lockheed's Fort Worth, Texas factory.
Confer Plastics is investing over $3 million to expand its molded plastics facility in North Tonawanda, New York, adding a large specialty plastic molding machine to increase production of kayaks, hot tubs, and swimming pool products. The expansion will create 35 new jobs.
LyondellBasell began site preparations for a new 1.1 billion pound polyethylene plant in La Porte, Texas.
LyondellBasell completed an 800 million pound ethylene expansion at its Corpus Christi, Texas site, the final in a series of expansions increasing U.S. ethylene capacity by 20%.
The Defense Logistics Agency awarded a $1.13 billion IDIQ contract to Owens and Minor Distribution for medical surgical products. Work will occur at various U.S. locations through Dec. 6, 2019.
The Defense Logistics Agency awarded a $2.25 billion IDIQ contract to Cardinal Health 2000 for medical surgical products. Work will occur at various U.S. locations through Dec. 6, 2019.
Sanders Pre-Cast Concrete Systems will invest over $1.5 million to expand and renovate its 175,000-square-foot facility in Whitestown, Indiana, creating up to 39 jobs by 2021. Operations began in February 2017.
Hexcel Corporation made a $10 million strategic investment in Oxford Performance Materials, raising its equity stake to 16.1%.
Steel Dynamics announced a $28 million investment at its Roanoke Bar Division in Virginia, adding a reheating furnace and finishing area. Rolling capacity will rise from 500,000 to 600,000 tons per year, with rebar output above 200,000 tons annually; commissioning is expected by year-end.
Henkel opened exclusive negotiations with GCP Applied Technologies to acquire Darex Packaging Technologies, a Cambridge, Massachusetts maker of sealants and coatings for metal packaging, for USD 1.05 billion in cash. Darex has about 700 employees at 20 sites.
ElectriPlast, a subsidiary of Integral Technologies, will supply its conductive plastics for the Karma Revero plug-in hybrid electric vehicle. The material provides electrical shielding and elastic properties for high-voltage connector retainers.
Carpenter Technology Corp. announced it will spend $35 million to acquire Puris, a West Virginia-based producer of titanium powder used in 3D printing for aerospace parts.
The William L Bonnell Company, a subsidiary of Tredegar Corporation, agreed to acquire 100% of extruder Futura Industries Corporation for approximately $92 million. The transaction is expected to close by mid-February 2017.
Steel Dynamics awarded a contract to SMS Group for an expansion at its Roanoke bar division in Roanoke, Virginia. Commissioning is expected at the end of 2017, and rebar production capacity will increase to over 200,000 tons per year.
Steel Dynamics will invest $28 million in its Roanoke Bar Division in Roanoke, Virginia, to purchase new equipment, make facility enhancements, and retrain 307 employees. The announcement was made on February 2, 2017.
Huntington Ingalls Industries received a $25.5 million contract modification from the U.S. Navy to start fabrication on the third Gerald R. Ford-class aircraft carrier, Enterprise (CVN 80). Work will be performed at Newport News Shipbuilding in Virginia through March 2018.
Freudenberg Filtration Technologies added a new state-of-the-art cabin air filter production line at its U.S. manufacturing facility in Hopkinsville, Kentucky, with a multi-million dollar investment. A ribbon cutting ceremony was held on January 26, 2017.
Dow Chemical Co. agreed to sell its global Ethylene Acrylic Acid copolymers and ionomers business to SK Global Chemical Co., including production assets in Freeport, Texas and Tarragona, Spain, as part of regulatory approval for the Dow-DuPont merger.
John Deere completed a major expansion at its Horicon Works factory in Horicon, Wisconsin, adding a new 388,000 ft² facility for manufacturing Gator utility vehicles, creating about 80 new jobs.
JT has signed a contract to supply Clamshell Burn in Loader·Unloader to Micron Technology in the US, valued at 722 million won.
SK Innovation, through its subsidiary SK Global Chemical, acquired Dow Chemical's ethylene acrylic acid (EAA) business for USD 370 million. The deal includes production facilities in Freeport, Texas, and Tarragona, Spain, along with technology and trademarks.
A joint venture of Lendlease and Turner Construction was selected to build the $1.5 billion expansion of the Jacob K. Javits Convention Center in New York City. The contract was announced on February 2, 2017.
Veeco Instruments signed a definitive agreement to acquire Ultratech, a supplier of lithography and inspection systems, for approximately $815 million. The transaction was announced on February 2, 2017.
Chemours broke ground on a new HFO-1234yf production facility at its Corpus Christi plant in Ingleside, Texas, to triple capacity for low-GWP refrigerant products under the Opteon brand. The announcement was made on February 2, 2017.
EaglePicher Corporation was selected by Orbital ATK to produce a battery for the JPSS-2 spacecraft, in partnership with GS Yuasa Lithium Power, using Gen III LSE134 lithium-ion cells.
Iridium Communications signed a contract with SpaceX to launch five Iridium NEXT satellites from Vandenberg Air Force Base in California, scheduled for early 2018.
Xylem won a $1.5 million contract to supply ten Flygt NP-3400 submersible pumps for the McAlpine Creek Wastewater Treatment Plant in Pineville, North Carolina, replacing aging pumps at the central influent pump station.
Kubota Manufacturing of America (KMA) is adding a new factory at its Georgia facility, which produces small tractors, riding mowers and utility vehicles, driven by strong US sales.
KION North America is investing $5.7 million to expand its existing operations in Dorchester County, South Carolina, creating over 50 new jobs. The expansion will increase production capacity from 3,000 units per year in 2015 to approximately 12,000 units per year by 2020.
Makino Inc. acquired Global EDM Supplies, a supplier of EDM parts and supplies, integrating it into Makino's SST consumables business. The integration is expected to be completed within the first quarter of 2017.
Hexagon AB announced an agreement to acquire MSC Software, a leading provider of CAE simulation software, for an enterprise value of $834 million. MSC had proforma sales of $230 million in 2016 and will operate as an independent business unit within Hexagon's Manufacturing Intelligence division.
Cyient, Inc. is expanding its operations in East Hartford, Connecticut, adding 85 full-time jobs over three years and taking up an additional 15,500 square feet. The state is supporting the project with a $500,000 loan for machinery and equipment.
Pioneer Power Solutions extended its contract to supply liquid-filled transformers to the second largest municipal-owned utility in North America. The five-year contract, effective January 1, 2017, is expected to generate about $4 million in annual revenue.
Nidec Corp. has completed the acquisition of Emerson Electric's motors, drives, and generator businesses, including Leroy-Somer and Control Techniques, for $1.2 billion. The deal brings 9,700 Emerson employees into Nidec.
Lakeland Equipment and Z&M Ag and Turf have partnered with Argonne Capital Group to merge into LandPro Equipment LLC, creating the Northeast's largest John Deere turf and ag equipment dealer with 12 locations.
Kässbohrer Geländefahrzeug AG has acquired Cherrington Beach Cleaners, a U.S. manufacturer of beach cleaning equipment. The acquisition strengthens Kässbohrer's BeachTech division and expands its product range.
Lanxess AG has received shareholder approval from Chemtura Corp. for its $2.7 billion acquisition. The deal, announced in September 2016, is expected to close in mid-2017 after U.S. antitrust approval.
Black & Veatch is designing and building a biosolids treatment system upgrade at the Liverpool Wastewater Treatment Plant in Medina County, Ohio. The project is expected to save $1.5 million annually in operating costs and will use renewable biogas and natural gas.
Telit agreed to acquire GainSpan Corporation, a Silicon Valley-based wireless connectivity solution provider specializing in ultra-low power Wi-Fi technology. GainSpan has over 90 employees and R&D centers in Bangalore, India and San Jose, California.
The Aftermarket Auto Parts Alliance selected Penray as the exclusive supplier of Parts Master and Perfect Stop private label aerosol service chemicals. Penray will also supply its branded products across the Alliance's distribution network in the U.S., Canada, and Mexico.
Liberty Hall Capital Partners acquired Quatro Composites, a supplier of advanced composite structures for aerospace. Quatro will be integrated into AIM Aerospace Corporation, which Liberty Hall acquired in 2016. Terms were not disclosed.
CFM International, a joint venture of GE Aviation and Safran, received a potential $2 billion contract from the Defense Logistics Agency to supply F108 military aircraft engine replenishment spare parts. Work will be performed in Ohio and France, with a completion date of October 31, 2024 if all options are exercised.