Siemens Healthineers will invest $300 million over four years to expand its lab diagnostics manufacturing facility in Walpole, Massachusetts, creating up to 700 new jobs. The site will produce reagents for the Atellica next-generation lab system.
The Wrench Group, a national home services company, acquired Baker Brothers, a Dallas-area HVAC, plumbing and electrical services provider. Baker Brothers will continue under its own brand.
Konecranes announced a deal worth over $200 million with Virginia Port Authority for 86 automated stacking cranes (ARMGs) for Norfolk International Terminals and Virginia International Gateway, with delivery between 2018 and 2020.
Tredegar Corporation's subsidiary Bonnell Aluminum agreed to acquire 100% of Futura Industries Corporation for approximately $92 million. Futura, headquartered in Clearfield, Utah, designs and manufactures extruded aluminum products.
NuVasive Inc. is setting up a $45 million, 180,000-square-foot bio-tech manufacturing facility in West Carrollton, Ohio, to produce spinal implants and other medical devices. The company plans to hire over 200 people in 2017.
BeoCare Group Inc. completed the integration of Shelby Elastics LLC, moving all operations from Shelby, NC to its expanded manufacturing site in Hudson, NC. The move consolidates both companies under the BeoCare brand.
Triton Stone Group of New Orleans acquired the Triton Stone brand in a $40 million deal and is relocating its headquarters from Southaven, Mississippi to the greater New Orleans region. The company will also build a new distribution center at the Port of New Orleans.
Toyota Industries Corp. announced the acquisition of Indianapolis-based Bastian Solutions LLC for $260 million. Bastian provides material handling automation and supply-chain software. The deal is expected to close in April 2017.
Cimcorp, a subsidiary of Murata Machinery, signed a multimillion-dollar deal to supply its Dream Factory automated materials handling solution for Giti Tire's new passenger car radial tire plant being built in Chester County, South Carolina. The plant is expected to create 1,700 jobs and produce 10 million tires annually when fully operational.
Parker Hannifin and CLARCOR have entered into a definitive agreement under which Parker will acquire CLARCOR for about $4.3 billion.
Fuyao Automotive North America, a subsidiary of China's Fuyao Group, will open a new automotive glass manufacturing facility in Plymouth, Michigan, investing $66.3 million and creating 533 jobs. The project received Michigan Strategic Fund support and a $1 million state grant.
KapStone Paper and Packaging Corporation completed the acquisition of assets of Associated Packaging, Inc. from Scott Dorris and Brad Dorris on February 1, 2017. No purchase price was given in the article.
Innova Global Limited acquired the liquidated intellectual property and manufacturing assets of Express Integrated Technologies (EIT) at an Oklahoma bankruptcy auction, gaining EIT's product range for the oil sands industry including OTSGs, HRSGs, and SAGD boilers.
Columbus McKinnon Corporation completed its acquisition of STAHL CraneSystems GmbH and nine affiliates from Konecranes Plc for EUR 224 million (USD 240 million) net of cash and debt.
Clariant will install a new compounding extrusion line at its ISO-13485-certified plant in Lewiston, Maine, capable of processing larger batch sizes of polyolefins, ABS, PC and other materials. The line complements improvements completed at the end of 2016.
CenterOak Partners made an investment in Aakash Chemicals and Dye-Stuffs, a supplier of pigments, dyes, and chemical additives. CEO Aakash Shah retained his ownership and continues as CEO. Financial terms were not disclosed.
Richard's Restaurant Supply, a food service equipment dealer, purchased the Loubat name and intellectual properties from Foodservice Warehouse's bankrupt Loubat Division, entering the New Orleans market.
Yanfeng Automotive Interiors is repurposing a former DMC building in Novi, Michigan, into a regional headquarters, moving about 280 employees from two sites and adding about 60 jobs over several years. Investment is over $8.4 million.
Three companies secured positions on a potential five-year, $30 million IDIQ contract to supply custom fabricated electronic parts for the U.S. Navy's rapid prototyping initiative. Work will occur in San Diego and Costa Mesa, California.
Magneti Marelli will invest $35 million to convert an existing plant in Independence Township, Michigan into a facility dedicated to automotive headlamp production, creating more than 360 jobs over five years.
Agilyx is constructing a 10 tons-per-day production facility near Portland, Oregon that will convert scrap polystyrene into styrene monomer. The plant is expected to begin production in Q2 2017.
Mitsubishi Hitachi Power Systems will supply two M501GAC gas turbines for Entergy Louisiana's 980 MW St. Charles Power Station in St. Charles Parish, Louisiana. The combined-cycle plant is expected to open in 2019.
Source Financial, Inc. and CSES Group, Inc. executed an Agreement and Plan of Merger whereby CSES will become a wholly owned subsidiary of Source Financial. CSES has raised over $4.5 million to increase manufacturing capacity of its alltemp refrigerant at its Oregon plant.
Americold officially opened its recently purchased 260,000 sq ft temperature-controlled facility in East Point, GA. The site will serve as a distribution center for Sprouts Farmers Market and creates more than 80 jobs.
The J.M. Smucker Company announced plans to build a new Smucker's Uncrustables sandwiches manufacturing facility in Longmont, Colorado. Construction will start in spring 2017 with production expected in 2019, with a total potential investment of $340 million and up to 500 employees.
Cimcorp and its parent company Murata Machinery (Muratec) will supply a complete turnkey automated materials handling system for Giti Tire's passenger car tire plant under construction in the USA, in a multi-million dollar deal. The system will be delivered and installed in three stages during 2017 and 2019.
Mitsubishi Caterpillar Forklift America (MCFA) and Jungheinrich Lift Truck Corp. announced a joint venture, Industrial Components of Texas (ICOTEX), to manufacture industrial components in Conroe, Texas. Construction of a 71,000-square-foot facility is underway, set to open in late summer 2017 and employ about 80 people.
Cimcorp has been selected by Giti Tire to install a turnkey automated logistics system at Giti's new tire plant in Chester County, South Carolina, in a multi-million-dollar deal.
KSB divested its subsidiary KSB AMRI, Inc. in Houston, Texas, which makes butterfly valves and actuators for chlorine production, to Bray International. KSB and Bray also signed a sales and supply cooperation agreement.
The U.S. Navy awarded Lockheed Martin a $45.8 million contract to deliver 29 automatic radar periscope detection and discrimination (ARPDD) standard retrofit p-kits for MH-60R helicopters. Work will be performed in New York and is expected to be completed by September 2020.
Broadwind Energy reached an agreement to acquire Red Wolf Company, a fabricator and assembler of industrial systems for the gas turbine market, for an undisclosed amount. The transaction is expected to close on February 1, 2017, and Broadwind plans to maintain Red Wolf's operations in Sanford, North Carolina.
General Atomics received a $532.6 million contract modification to manufacture and install the Electromagnetic Aircraft Launch System (EMALS) on the CVN 80 aircraft carrier. Work will be performed at multiple US and one German site, with completion expected by September 2027.
Pelican Energy Partners completed a majority recapitalization and growth equity investment in Global Heat Transfer, a manufacturer of radiators and industrial cooling systems for oil and gas, mining, and power generation markets.
Jefferson Industries Corporation, an automotive components manufacturer, announced plans to invest $18 million to expand its West Jefferson, Ohio facility by 61,000 square feet, adding 20 jobs.
Following its acquisition of Luvata HTS, Modine introduced the new name and branding 'Commercial Industrial Solutions' for the division at the AHR Expo in Las Vegas. The division manufactures commercial and industrial coils, coolers, and related HVAC&R products.
Keysight Technologies and Ixia announced a merger agreement on January 30, 2017, under which Keysight will acquire Ixia.
BITZER, the refrigeration compressor maker, announced the acquisition of ElectraTherm, a Reno, Nevada company making Organic Rankine Cycle waste heat to power generators. The deal gives BITZER a US subsidiary entry into the waste heat to power market.
Boeing secured a $2.1 billion contract from the US Air Force for the third low-rate initial production lot of KC-46A Pegasus tanker aircraft, covering 15 aircraft, spare engines and wing air refuelling pod kits.
Jungheinrich Lift Truck Corp. and Mitsubishi Caterpillar Forklift America Inc. (MCFA) established a joint venture company ICOTEX to manufacture industrial components in Conroe, Texas. The facility is scheduled to open in late summer 2017 and will create 80 jobs.
ChemSpec Ltd. has entered a distribution agreement with The Dow Chemical Co. to distribute WALSRODER Nitrocellulose and NC-Chip products across the United States.
American Colors Inc. has completed the expansion of its manufacturing plant in Sandusky, Ohio.
Planar Systems, a Leyard company, announced the finalization of the merger agreement with NaturalPoint, the global leader in optical tracking and motion capture solutions. The acquisition was announced on November 8, 2016.
Builders FirstSource Inc. will locate a new facility in Bowling Green, Kentucky, with a nearly $6.4 million investment expected to create 79 full-time jobs.
Credit Bureau Systems Inc. will build a $1.67 million office in Paducah, Kentucky, creating 50 jobs (40 new hires and 10 relocations).
Datwyler Sealing Solutions broke ground on a new facility in Middletown, DE, to produce specialty coated rubber components for drug-delivery devices, including the Omniflex family of vial and syringe components. The plant will employ lean-manufacturing and zero-defect philosophies.
Lycoming Engines announced it will expand its operations in Williamsport, PA, bringing outsourced component manufacturing back in-house. The company plans to acquire new equipment and add 33 to 36 new jobs, with an overall project cost of about $12 million.
AccraFabb decided to retain its 155,000-sq.-ft. headquarters in Liberty Lake, Washington, adding 15 new jobs and retaining 160 existing jobs, with a capital investment of $500,000.
V&F Transformer Corporation is investing $1.4 million to expand and upgrade its Celina, Tennessee facility, creating approximately 50 new jobs over five years.
Enhanced Community Development, Wells Fargo and Three Rivers Community Development Entity are helping finance Mueller Copper Tube's expansion of its existing Fulton, Mississippi production facility, which will purchase equipment and add permanent jobs.
Response Packaging, a returnable packaging manufacturer, is expanding its existing facility at 1698 Perimeter Road in Greenville, South Carolina, with $5 million of new capital investment and 100 new jobs.