GE Aerospace announced a $16 million investment in its Greenville, South Carolina facility to purchase high-precision equipment for producing narrowbody and widebody aircraft engine parts, as part of a larger $650 million national investment.
GE Vernova and Montana Technologies formed a joint venture named AirJoule to manufacture and supply dehumidification, air conditioning, and water harvesting products using GE Vernova's sorbent materials.
GE Aerospace announced a $650 million investment in its manufacturing facilities and supply chain in 2024, including $450 million for 22 U.S. facilities and $100 million for U.S. supplier partners.
GE Aerospace allocated $7.6 million to its Durham, North Carolina engine assembly plant as part of a $650 million company-wide investment in manufacturing facilities and supply chain in 2024.
Walter has acquired PushCorp, a US-based manufacturer of robotic end-of-arm-tools for material removal applications.
Big Joe Forklifts has acquired EP North America (formerly ePicker), allowing both brands to share services and expand support functions for customer service, fulfillment, and more.
Lindsay Corp. announced a $50 million investment to expand and modernize its manufacturing facility in Lindsay, Nebraska. The project includes building expansion, new production area, and new technology including robotics and AI.
Hawkins, Inc., a specialty chemical and ingredients company, completed the acquisition of Industrial Research Corporation, a distributor of water treatment chemicals and equipment serving central to northern Louisiana, eastern Texas, and southern Arkansas.
Inpixon and XTI Aircraft Company anticipate the closing of their merger on March 12, 2024, with the combined company to be named XTI Aerospace, Inc. and begin trading on Nasdaq under ticker XTIA on March 13, 2024.
Jones Family of Cos. has expanded its production capacity with a new facility in Charlotte, North Carolina.
Jones Family of Cos. has acquired Cades Consulting, a mechanical and engineering consulting and maintenance services company for the textiles industry, to expand services to the nonwovens industry.
Fecon LLC acquired Stumper Industries, a manufacturer of stump grinder attachments for compact equipment. The acquisition expands Fecon's landscaping and land maintenance solutions. Financial terms were not disclosed.
PCX Aerosystems-Manchester LLC was awarded a $22,099,593 firm-fixed-price, indefinite-delivery requirements contract by the Defense Logistics Agency for main extension assemblies. The five-year contract has a performance completion date of September 15, 2029.
Amentum was awarded a $245 million, five-year task order by the U.S. Air Force to support microelectronics RDT&E for the Naval Surface Warfare Center Crane and the Navy's Strategic Systems Programs. The work will enhance radiation hardened microelectronics facilities and laboratories.
High Road Capital Partners-backed John Henry Foster Minnesota, a provider of compressed air, automation and robotics solutions, completed the acquisition of HTE Technologies, an automation supplier in Kansas, Missouri, and Illinois. Financial terms were not disclosed.
Skanska has signed a supplemental award with an existing client for preconstruction work and early commitments to upgrade a waterfront facility in Eastern USA, valued at $120 million.
DMW&H, a material handling integrator, has partnered with Movu Robotics to offer Movu's robotic technologies for pallet and case picking to DMW&H's customers.
GE Vernova and Montana Technologies have closed a 50/50 joint venture named AirJoule, LLC, to manufacture air conditioning and atmospheric water harvesting products in the Americas, Africa, and Australia.
Japanese plastic recycling company Jeplan Inc. plans to merge with SPAC AP Acquisition Corp to list on the NYSE, valuing Jeplan at around $300 million and the merged entity at $429 million.
Vertiv announced a major expansion of its North American manufacturing operations with a new 215,000 sq ft facility in Pelzer, South Carolina, creating up to 300 jobs and producing integrated modular solutions for data centers.
Jemison Metals has announced a definitive agreement to buy Advanced Metal Components Inc. The transaction is scheduled to be completed on or before March 29, 2024. Terms were not disclosed.
Portobello is designing a 100,000-square-foot addition to its Baxter, Tennessee facility for increased warehouse space. The expansion was planned when the factory was announced in October 2021 and opened last fall.
Boeing was awarded a $94.5 million firm-fixed-price order by the U.S. Navy for production and delivery of 96 Trailing Edge Flap R2 shipsets for F/A-18E/F and EA-18G aircraft retrofit efforts. Work is expected to be completed by June 2026.
Power Electronics announced a new factory in the United States to produce chargers, solar inverters, and storage inverters, as part of a €300 million investment plan for 2024-2027. The plan also includes a new plant in Llíria, Valencia.
Yingling Aviation acquired Mid-Continent Aviation Services (MCAS), a full-service MRO at Wichita's Dwight D. Eisenhower National Airport, gaining an 80,000+ sq ft facility and skilled technicians. Financial terms were not disclosed.
Interstate AC Service, backed by Point 41 Capital Partners, partnered with Anchor Heating & Air Co., a Douglasville, GA-based HVAC services provider with about 65 employees. The transaction marks Interstate's entry into the Atlanta market.
German manufacturer Orafol is investing $100 million to build a new 112,000-square-foot factory in Orion Township, Michigan, near Detroit.
CFM International, a joint venture of GE Aerospace and Safran Aircraft Engines, will provide and service all engines for American Airlines' newly announced fleet of Boeing 737 MAX aircraft.
MSI Express will invest nearly $4 million in a new manufacturing line at its facility in Portage, Indiana, creating 15 jobs.
Card-Monroe Corp., a tufting machine manufacturer, acquired Everworks Automation, a South Carolina-based industrial automation systems company, to expand its automation capabilities.
Hoshizaki America broke ground on a 120,000-square-foot two-story warehouse adjacent to its manufacturing facility in Peachtree City, Georgia. Construction starts in March 2024 with completion expected in June 2025.
Crown Equipment Corporation announced plans to establish a new multi-use facility in Kingman, Arizona, to support retail operations and authorized dealers. The facility is located at 4200 N. Industrial Blvd, with certain elements expected to be operational in 2024.
MPE Partners acquired Webster Industries, a manufacturer of engineered class chain, sprockets, and vibratory equipment for material handling and power transmission, from its employee-owned stock ownership plan. Terms were not disclosed.
A.O. Smith acquired Impact Water Products, a California-based manufacturer and dealer of water treatment equipment for residential and commercial use. Terms were not disclosed.
Breedon Group plc acquired BMC Enterprises Inc, a US ready-mixed concrete, aggregates and building products business, for an enterprise value of US$300 million. The acquisition establishes Breedon's entry into the US market.
H&M Group and Vargas Holding co-founded Syre, a venture to scale textile-to-textile recycled polyester, also backed by TPG Rise Climate. H&M Group secured a $600 million offtake agreement with Syre over seven years. Syre is building a production plant in North Carolina, USA, intended to be operational in 2024.
Hyundai Movex secured an $82 million contract to equip Hankook Tire & Technology's expanding plant in Tennessee, US. The contract was announced on March 6, 2024.
Visteon and Shinry Technology Companies Ltd. announced the creation of a Michigan-based joint venture, Visteon-Shinry Power Electronics (VSPE), to advance power electronics technology for the automotive industry.
Lockheed Martin Aeronautics Co. received a $54,550,000 modification to provide non-recurring engineering and materials for power thermal management system controller and gun lube redesign for the F-35 Joint Strike Fighter.
Dynamic Fluid Components, a fluid power distributor, plans a $4.8 million expansion including a 25,000-square-foot distribution facility at 181 Misty Drive in West Union, creating ten jobs, with operations due in Q2 2025.
The eXponential Technology Group (XTG) announced the strategic integration of Braemac and Symmetry Electronics, combining their operations under the Symmetry Electronics brand in the Americas to accelerate growth.
Shelton Machinery acquired Municipal Tool & Machinery, now Municipal Machinery, and launched TSM Group as a new parent company. The acquisition expands service territory by 55,000 square miles in Missouri and Kansas.
Uniflyte is investing $1.6 million to expand its facility in Orion, Illinois, to support production of augers for CNH combines. The expansion will create 13 new jobs.
Uniflyte, Inc. secured a $10 million-plus contract to produce augers for Case New Holland's next-generation combines. The company is launching a $1.6 million expansion in Orion, Illinois, creating 13 new jobs.
Leigh Fibers' owners purchased the operating assets of Martex Fiber and rebranded the business as Revive Fiber. The companies will operate as separate sister companies under joint management.
Haemonetics has agreed to acquire Attune Medical, manufacturer of the ensoETM esophageal cooling device, for $160M upfront plus contingent consideration, expected to close in Q1 of fiscal year 2025.
RHI Magnesita is investing more than US$35 million in technology, infrastructure, and equipment upgrades across North America, including expanded manufacturing capacity, a new production line in Huron, Ohio, and facility modernizations in Kentucky, Ohio, and Pennsylvania.
camLine, part of Elisa Industriq, has acquired Romaric, a Utah-based factory automation and throughput optimization software provider, to extend its offering with material control system solutions.
Joby Aviation acquired an existing facility at Dayton International Airport in Ohio to support initial manufacturing operations, expected to begin later in 2024. The facility will be used for subtractive manufacturing of titanium and aluminum aircraft parts.
Eagle Materials Inc. and Heidelberg Materials US, Inc. entered into a Put Option Agreement on May 1, 2024, granting reciprocal put options for their 50% interests in the Texas Lehigh Cement Company LP joint venture, with a purchase price of $1.1 billion.