ALK Source Materials Laboratory Inc. is expanding its biomedical facility in Post Falls, Idaho, with a $14.3 million project adding 35,000 square feet to the existing 60,000-square-foot facility.
Reliance Steel & Aluminum Co. announced a definitive merger agreement to acquire all shares of Metals USA Holdings Corp. for $20.65 per share in cash, representing an enterprise value of approximately $1.2 billion. The transaction is expected to close in Q2 2013.
Goodman Manufacturing, a member of the Daikin group, celebrated the first Goodman-brand air conditioning unit produced at the new Daikin Texas Technology Park in Waller, Texas. The $417 million campus is expected to employ over 5,000 people and will eventually encompass 4.1 million square feet.
Wellspring Capital Management has sold its 100% stake in flexible packaging company ProAmpac to Pritzker Group Private Capital. Financial terms were not disclosed.
Smithfield Foods will acquire Clougherty Packing, a subsidiary of Hormel Foods, for $145 million. The acquisition is expected to be completed by the end of the year.
The European Commission approved Abbott Laboratories' $25 billion cash-and-stock acquisition of St. Jude Medical, conditional on Abbott divesting two devices used in cardiovascular treatments.
Danfoss is opening a new 2,000m² air conditioning development centre at its Turbocor compressor factory site in Tallahassee, Florida. The centre, called the Engineering Tomorrow Application Development Center, will be fully operational from January 2017 and will test split system air conditioners, rooftop units and chillers for the North American market.
Ariens Co. agreed to sell its aftermarket parts business, including the Stens and JThomas Parts brands, to Arrowhead Engineered Products Inc. The sale is expected to close by end of 2016.
Elbit Systems of America was awarded an ID/IQ contract by the U.S. Army for production of 60mm, 81mm, and 120mm mortar weapon systems, with a maximum value of approximately $103 million over five years.
Metaldyne Performance Group has a $30.6-million capital-investment program at Metaldyne SinterForged Products LLC in North Vernon, Indiana, adding 32,400 sq.ft of space and 126 new jobs by 2019.
FAR Chemical, a portfolio company of Edgewater Capital Partners, has completed the acquisition of the acetylacetonates product line and related assets of MacKenzie Chemical. Financial terms were not disclosed.
TGP Investments II, LLC has acquired Omnidrive Holdings, LLC (DSI Dynamatic), a supplier of Eddy Current variable speed drives, brakes, and controls. Gary Cavey was named CEO concurrent with the acquisition.
ADF Group Inc. has been awarded new contracts in the U.S. totaling $101 million, including a major contract for Salt Lake City's new terminal redevelopment program and a contract for a new building in Miami.
Aurora Specialty Textiles Group opened a new state-of-the-art manufacturing plant in Yorkville, Illinois, USA, with a grand opening celebration on November 23, 2016. The company invested millions in the facility, which will focus on wide-width coating and finishing.
Wabtec Corporation announced it has acquired majority ownership of Faiveley Transport S, purchasing the Faiveley family's stake of about 51% for approximately $212 million in cash and 6.3 million shares of Wabtec common stock. Wabtec plans to launch a tender offer for remaining shares.
Protomet Corporation purchased 19.47 acres in Oak Ridge, Tennessee, and is evaluating a $30 million expansion that could add 200 jobs over five years, with a new 100,000-square-foot facility.
Amcor Rigid Plastics will invest $45 million to add 186,000 square feet of production and warehousing space at its Bellevue, Ohio plant, with incentives structured by Silverlode. Additional employees will be hired.
Bruker has completed the acquisition of the preclinical PET imaging business of Oncovision. Financial terms were not disclosed.
Konica Minolta inked a partnership with Mindray Medical to bring musculoskeletal portable ultrasound solutions to the market.
Yeonghwa Metal Co Ltd signed a contract with Tesla Motors, Inc to provide Housing and Differential products for the Model 3 in the U.S. The contract amount is 9.10 billion won.
VOORMI is significantly expanding on-site manufacturing capabilities at its headquarters in Pagosa Springs, Colorado, including doubling sewing operations, adding pattern-making capability, and hiring several in-house sewing jobs.
Alexium International Group signed an agreement with a US-based apparel company to supply its Alexicool phase change material for use in over five brands of inner- and outerwear.
Hood Container of Louisiana plans a two-phase capital investment at its St. Francisville paper mill, adding a modern press section on the H1 paper machine and a recycling plant for old corrugated containers. The project is expected to create up to 237 jobs in West Feliciana Parish.
The Tucson Airport Authority authorized a new lease agreement with Raytheon Missile Systems, consolidating nine leases and adding 21 acres, as part of a plan to enable Raytheon to expand its operations at Tucson International Airport. Raytheon plans to add nearly 2,000 high-paying jobs as part of an expansion projected to generate $7.9 billion in economic impact over 10 years.
Troy-based Wat-Kem Mechanical acquired D&L Plumbing, with offices in New Carlisle, Ohio, to move into new areas including residential plumbing.
ArcelorMittal Tailored Blanks will open an $83.5 million facility in Detroit to produce high-strength steel laser welded blanks for the auto industry. The 317,000-square-foot plant will be the company's first in Michigan.
Advanced Ceramic Coatings, a joint venture between GE Aviation and Turbocoating Corp., will invest $15 million to build a 62,500-square-foot facility in Duncan, South Carolina, creating 50 jobs. The plant will produce advanced coatings for GE's ceramic matrix composite jet engine components and is expected to open by Q3 2017.
MACOM Technology Solutions Holdings entered a definitive agreement to acquire Applied Micro Circuits Corporation for approximately $770 million, or $8.36 per share. MACOM intends to divest AppliedMicro's Compute business within 100 days of closing.
Sepro America, the US business unit of Sepro Group, plans to start assembling robots at its Warrendale, Pennsylvania facility in the fourth quarter of 2017. The initial focus will be on large robots for injection molding machines with over 800 tons of clamping force.
Wood Group won a USD 40 million contract from ExxonMobil Chemical to provide main automation contractor services, covering detailed design and construction of process control systems for a new polyethylene plant in Beaumont, Texas.
Boral Limited will acquire Headwaters Incorporated for US$24.25 per share in cash, representing an enterprise value of approximately US$2.6 billion, creating a leading supplier of building products and construction materials.
Lockheed Martin was awarded a $1.2 billion contract to upgrade 134 Republic of Korea Air Force F-16C/D fighters. Work has commenced on the first two aircraft at Lockheed Martin's Fort Worth, Texas facilities, with completion expected by November 2025.
Grupo Cementos de Chihuahua (GCC) completed the acquisition of certain US assets from Cemex for $306 million, including a cement plant in Odessa, Texas, two distribution terminals, and concrete, aggregates, asphalt and building materials businesses in Texas and New Mexico.
Calspan Holdings acquired Triumph Aerospace Systems – Newport News, Inc., which will operate as Calspan Systems Corporation, including its Force Measurement Systems division in San Diego.
Wembly Enterprises, led by Sunil and Jay Kumar, has acquired Bradford Industries Inc., a Lowell, Massachusetts-based producer of coated fabrics and textiles. Terms were not disclosed.
Bharat Forge announced the acquisition of US-based Walker Forge Tennessee for $14 million. The acquisition gives Bharat Forge a manufacturing presence in North America and expands its product offering into passenger car, commercial vehicle, construction, mining, and industrial sectors.
Komatsu acquired rival US-based Joy Global in a deal valued at $2.9 billion globally. Both companies manufacture mining and construction machinery. The article notes merger control procedures in Colombia.
Hearth & Home Technologies is moving production lines from a Kentucky facility to its distribution center in Mount Pleasant, southeast Iowa, creating 28 jobs. The Iowa Economic Development Authority awarded tax benefits for the project.
GELITA USA plans to expand its operations in Sergeant Bluff, Woodbury County, Iowa, creating 21 jobs. The Iowa Economic Development Authority awarded $105,000 and tax benefits.
Newly formed Aero Technologies plans a $1.1 million facility in the Blue Grass Industrial Park in Adams County, Iowa, to make heavy-duty industrial cleaning equipment and products. The Iowa Economic Development Authority awarded $225,000 in direct assistance plus tax benefits, and the plant is expected to create 25 jobs.
Robert Bosch Corp. will invest $175 million and add 150 jobs over the next five years at its North Charleston, South Carolina plant, adding new manufacturing lines for powertrain and chassis systems control.
Veolia Water Technologies, through its business unit Kruger Inc., was awarded a contract by the City of Juneau to install a BioCon Thermal Dryer at the Mendenhall Wastewater Treatment Facility. The system is expected to be operational towards the end of 2018.
AAR entered a long-term contract with Air New Zealand to provide rotable inventory support for 15 B777 aircraft, covering 740 parts, with Air New Zealand becoming AAR's exclusive component repair provider in Asia-Pacific.
Small Parts Inc. announced plans to invest $7.2 million in new manufacturing equipment and add 40 jobs at its Cass County plant in Logansport, Indiana. The expansion is contingent on a tax abatement vote by the Logansport City Council on December 5, 2016.
ICS Company has joined the Aimtron Group following its acquisition by Aimtron Electronics Limited. The company will operate as Aimtron International Controls from its Decatur, Illinois facility.
European automotive supplier Truck & Wheel Group announced it will open a $35.2 million plant in Vance, Alabama, creating about 74 jobs.
Brose Tuscaloosa will launch a $26.5 million expansion of its Vance plant next year, adding about 50 jobs. Tuscaloosa County approved tax abatements and incentives totaling $1.3 million, with construction expected to start by June and finish at year's end.
FEUER Powertrain GMBH celebrated the grand opening of its first U.S. manufacturing facility in Robinsonville, Mississippi. The $140 million investment creates 300 jobs and will produce crankshafts for the automotive and transportation industry.
Biwater was awarded a contract to design, supply and supervise installation of ultrafiltration and reverse osmosis systems for the 14.8 million gallon per day GRIP advanced water treatment facility in Pico Rivera, California. The plant is expected to be completed by July 2018.
CNX Coal Resources placed an order for 285 Cat longwall roof supports for the Enlow Fork mine in Pennsylvania. The shields will be built in Lünen, Germany and delivered in the first half of 2017.