Fitesa has announced it will acquire FiberDynamics, a North Carolina-based company that makes meltblown and carded nonwovens.
Rusken Packaging has opened a new facility in Conyers, Georgia, consolidating its former Canton and Conyers locations under one roof. The site includes a new BOBST Discovery Flexo Folder Gluer and sits next to corrugator supplier Corrugated Supplies Company Atlanta.
Advantage Oil & Gas Ltd. and Competitive Power Ventures (CPV) announced a 10-year natural gas supply agreement for the CPV Three Rivers Energy Center in Grundy County, Illinois. Advantage will supply 25,000 MMbtu per day starting in early 2023.
Lockheed Martin was awarded a $709.8 million contract modification by Naval Air Systems Command for materials needed for low-rate initial production of F-35 jets for U.S. and foreign military sales customers, covering lots 15-17.
Lerman Enterprises, South Bend, Ind., purchased Welded Tubes Inc. (WTI), Orwell, Ohio, a producer of high-volume, small-diameter tubing for the automotive industry. WTI joins Lerman Enterprises' Lock Joint Tube Co.
Northrop Grumman is awarded a $91,166,757 contract to fabricate, assemble, test and deliver AN/APR-39 radar warning receiver hardware for Department of Defense aircraft. Work is expected to be completed in March 2023.
Smith & Nephew has struck a deal to buy the extremity orthopaedics business of Integra LifeSciences for $240 million. The acquisition includes shoulder replacement products and other devices that generated $90 million in revenue last year.
NextEra Energy Transmission entered into definitive agreements to acquire GridLiance from affiliates of Blackstone for approximately $660 million, including assumption of debt. GridLiance owns about 700 miles of high-voltage transmission lines.
KARL STORZ Endoscopy-America was awarded a major contract by the Defense Logistics Agency with a maximum value of $450 million for patient monitoring and capital equipment. The contract has a five-year base period with an option for five more.
Polyplex Thailand (PTL) announced plans to expand its existing operations in Decatur, Alabama, USA, by adding a second BOPET film line with 50 KTPA capacity and debottlenecking the resin plant to increase capacity from 58 to 86 KTPA. Investment commitment is USD 103 million, with construction starting in H1 2021 and production expected in about 24 months.
Avantus Aerospace, a global provider of C-Class and Composite parts for aerospace and defense, acquired Fastener Innovation Technology Corporation (FIT) in Rancho Dominguez, California. FIT manufactures high-strength specialty fasteners for military and commercial aerospace applications.
NXP Semiconductors has opened a new 150 mm (6-inch) RF Gallium Nitride (GaN) fab in Chandler, Arizona, the most advanced GaN fab for 5G RF power amplifiers in the United States.
U.S. Corrugated will close its 35-year-old full-line box plant in Newark, New Jersey, and transfer operations to the planned Dover, Delaware plant by the end of 2021.
U.S. Corrugated plans to buy about 40 acres south of Dover and build an approximately $80 million corrugated cardboard box manufacturing plant bringing 150 jobs to Kent County, Delaware, reported September 29, 2020.
N95 respirator maker Moldex-Metric will retrofit an existing building in Lebanon, Tennessee, for its first Tennessee manufacturing facility, with a $25 million investment and over 200 jobs over three years, announced September 29, 2020.
Velodyne Lidar completed its acquisition of Graf Industrial Corp. in a reverse merger transaction valued at $2.1 billion, becoming a publicly traded company.
SK Innovation made its first 60 hires at two EV battery plants in Jackson County, Georgia, with plans to ultimately hire 1,000 workers. The plants are on schedule to supply batteries to Ford and Volkswagen starting in 2021.
Ford broke ground on a new F-150 pickup truck plant at its Rouge Complex in Dearborn, Michigan, with a $700 million investment and plans to hire 300 workers, starting production in mid-2022.
Invacare plans to build a 10,000-square-foot clean room at its Elyria facility to produce the new Platinum NXG stationary oxygen concentrator, adding about 45 new positions, with potential for 100 more jobs over three years.
TES America LLC acquired certain assets of 3M Touch Systems, a subsidiary of 3M Company specializing in touch components and displays for commercial applications.
Precision Textiles purchased six new laminating machines to produce medical gown fabric, adding 1.5 million yards of monthly capacity and hiring 25 new workers at its New Jersey facility.
Private equity firm MiddleGround Capital acquired majority ownership of Dura Automotive Systems, a global designer and manufacturer of automotive systems including mechatronics, lightweight structures and exterior trim.
C-Innovation, an affiliate of Edison Chouest Offshore, acquired a controlling interest in Caltex Oil Tools, a Houston-based provider of equipment rentals and services for the offshore industry.
KARL STORZ Endoscopy-America has been awarded a multiyear IDIQ contract by the Defense Logistics Agency with a maximum value of $450 million, covering patient monitoring and capital equipment for all branches of the U.S. federal government.
Hitachi ABB Power Grids announced a $6.2 million investment to upgrade equipment and expand manufacturing operations at its dry-type transformer facility in Bland County, Virginia, creating 40 new jobs.
Atlas Copco agreed to acquire Perceptron, a US supplier of automated metrology solutions, for $7.00 per share, representing an enterprise value of $62.7 million and total purchase price of $68.9 million.
ArcelorMittal announced a definitive agreement for Cleveland-Cliffs to acquire 100% of ArcelorMittal USA for $1.4 billion in cash and stock, including assumed liabilities.
Fenner Precision Polymers, a Michelin company, is investing $4 million to add a treat line operation at its Manheim, Pennsylvania facility, scheduled for completion by mid-2021, to establish a complete coated fabric and technical textile portfolio.
Goodwill of the Heartland converted a former food distribution centre in Coralville, Iowa, into a vegetable oil packaging facility after investing $8 million. The facility has nine full-time employees and began operating after remodelling completed in June 2020.
ArcelorMittal is in talks to merge its U.S. assets, valued between $2 billion and $3 billion, with Cleveland-Cliffs. The deal would follow Cleveland-Cliffs' acquisition of AK Steel for $3 billion in March 2020.
The Defense Logistics Agency Strategic Materials has awarded a contract to Traxys Cometals Usa for 3,000 metric tons of electrolytic manganese metal flakes, valued at $13,208,787. The award date is September 25, 2020.
Globus Medical announced a $36 million investment to purchase and renovate a facility in Limerick Township, Pennsylvania, creating about 243 jobs. The expansion will establish a production facility near its headquarters in Audubon.
R+D Custom Automation announced the relocation of its plant operations from Lake Villa, Illinois to a new 62,000-square-foot facility in Salem Business Park, Wisconsin. The $6 million project is scheduled for Q2 2021 and will create nearly 60 jobs.
Eagle Roofing Products announced a production capacity expansion at its Phoenix, Arizona plant, increasing output by over 15,000 squares per month (about 425 homes) to meet surging demand in the Southwest housing market.
American & Efird, a division of Elevate Textiles, agreed to purchase the high-performance yarn business of Charles Craft, including its manufacturing operation in Hamer, South Carolina. The deal is expected to close in early October 2020.
Medline completed the acquisition of ConvaTec's Aloe Vesta and Sensi-Care skin care product lines for the U.S., Canadian, and global markets outside North America.
Alex Power Equipment, a power equipment dealer in Alexandria, MN, was acquired by Quality Forklift Sales and Service effective September 21, 2020. Terms were not disclosed.
L3Harris Technologies was awarded a $90 million U.S. Air Force contract modification for the first phase of a project to modify mission aircraft for foreign military sales customers. Work will take place in Greenville, Texas, and is expected to be completed by Oct. 31, 2023.
Berg Steel Pipe Corp announced a $15 million expansion of its spiral pipe manufacturing plant in Mobile, Alabama. The expansion will add capacity and create several new jobs. Construction is expected to take one year.
Mullen Technologies will begin construction of a pilot manufacturing facility in Monrovia, California, to assemble up to 1,000 MX-05 fully electric SUVs per year. The facility is scheduled for completion by April 2021, with first deliveries expected by Q2 2022.
SKF will consolidate its factories in Avon, Ohio and North Charleston, South Carolina into its Sumter, South Carolina factory, reducing staff by about 115 with restructuring costs of $4 million. The changes take about 12 to 18 months.
SKF is investing approximately $28 million to expand and automate manufacturing at its Sumter, South Carolina factory, which will consolidate production from Avon, Ohio and North Charleston, South Carolina. The investments take 12 to 18 months to implement.
Grundfos has broken ground on a new 45,000 square foot facility in Brookshire, Texas, to house its Americas Regional Center. The expansion is expected to bring about 90 positions to the area.
Innospec Performance Chemicals has signed an agreement naming Maroon Group as its distributor for the CASE (coatings, adhesives, sealants, and elastomers) market in the United States.
Trelleborg Healthcare & Medical has completed the expansion of its Delano, Minnesota facility, adding a 6,000-square-foot ISO Class 7 cleanroom and new presses to increase silicone molding and contract manufacturing capabilities.
Milton Cat, a seller of construction machinery and power equipment, plans to build a 75,000- to 85,000-square-foot, $26 million facility on Eastman Road in Cicero, New York. The facility will also serve as the corporate headquarters for sister company Sitech Northeast.
NatureWorks is expanding lactide purification capacity at its Blair facility. No further details are provided in the article.
Mitsubishi Power and Entergy Corporation signed a joint development agreement to collaborate on decarbonization projects, including hydrogen-capable gas turbine combined cycle facilities, green hydrogen production, nuclear-supplied electrolysis, and utility-scale battery storage, across Arkansas, Louisiana, Mississippi, and Texas.
Nugget, a kids furniture company, will open a new 150,000-square-foot headquarters factory in Butner, North Carolina in early October 2020. The facility is eight times the size of its current factory and will allow production of thousands of Nuggets per day.
Diodes Incorporated received approval from China's State Administration for Market Regulation to proceed with its planned acquisition of Lite-On Semiconductor. Closing is expected by the end of November 2020.