LS Cable & System announced it will receive a $99.06 million investment tax credit from the U.S. Department of Energy under the IRA to support its submarine cable business in the U.S., with a factory site and investment scale under final review.
Firestone Industrial Products, a subsidiary of Bridgestone Americas, announced an $8.9 million investment to expand manufacturing and distribution at its Firestone Airide facility in Dyersburg, Tennessee.
D-J Engineering, an aerospace company in Augusta, was awarded a share of a 5-year, $30 million U.S. Navy contract to manufacture components for Boeing's P-8A Poseidon aircraft.
Arcline Investment Management completed its all-cash acquisition of Kaman Corporation for approximately $1.8 billion. Kaman shareholders received $46.00 per share, and Kaman's stock was delisted from the NYSE.
Amcor Flexibles North America announced its largest-ever expansion of dairy production capacity, enhancing printing and converting capabilities in Northeast Wisconsin over the next 18 months. The investment targets growing demand for flexible dairy packaging.
Mercury Systems announced a production agreement with BlueHalo to provide an FPGA-based common signal acquisition and digital beamforming solution for BlueHalo's BADGER system, supporting the U.S. Space Force's SCAR program. The agreement was finalized in January 2024.
Teijin Automotive Technologies will celebrate the opening of a $110 million facility in Huntington, Indiana on May 4, 2024. The 164,000-square-foot plant will employ 110 initially and up to 225 at full capacity.
L3Harris Technologies announced an agreement with Orange County, Virginia, to fund the expansion and modernization of its solid rocket motor production site. The $41.2 million investment will include new facilities, equipment, and the hiring of 80 new employees over three years.
Fibrebond Corporation announced a $50 million expansion and enhancement of its production facility in Webster Parish, Louisiana, on April 18, 2024. The project includes a new 297,000-square-foot production facility and is expected to retain more than 450 existing jobs and increase total production capacity by more than 50 percent.
HPI LLC, a provider of mechanical and field services for turbine maintenance, acquired boiler maintenance specialist Pro Serv Industrial Contractors. The combined company will offer a single-source solution for the power and power production sector.
Ramkrishna Forgings Limited announced it has been approved to supply powertrain components to the largest electric passenger vehicle manufacturer in the USA, marking its debut in the US EV market.
Wärtsilä secured a second contract from the Lower Colorado River Authority (LCRA) to supply ten additional Wärtsilä 50SG engines for the Timmerman Power Plant near Maxwell, Texas, doubling its capacity to 380 MW. The first unit is under construction and expected to begin operations in 2025, with the second unit scheduled for completion in 2026.
Zekelman Industries will invest up to $120 million to expand the manufacturing capabilities of its subsidiary Atlas Tube in Blytheville, Arkansas. The project will enable production of inline steel tube galvanizing products in size ranges not currently available in North America and bring total employees to over 300.
Fortifi Food Processing Solutions acquired Nothum Food Processing Systems, a designer and manufacturer of batter, tempura, breading and frying lines for protein processing. Nothum is based in Springfield, Missouri.
HUBER Technology, Inc. celebrated the grand opening of its new manufacturing facility in Denver, North Carolina on April 17, 2024. The $41 million, 140,000-square-foot facility will allow on-site manufacturing of around 40 products in 2024, expanding from 7 products previously manufactured in the US.
StatLab Medical Products announced the acquisition of Poly Scientific R&D, a manufacturer and supplier of pathology stains, reagents, and paraffin for anatomic pathology laboratories, including its division Histology Control Systems.
Elixir Aircraft opened its first US site at Sarasota Bradenton Airport in Florida, focused on reassembly of aircraft for US customers, with plans to employ approximately 200 staff.
Rehrig Pacific, a logistics and material handling solutions company, has acquired QTEK Design, a provider of pallet splitting, exchanging, and dispensing machines. The acquisition aims to enhance automation and efficiency in warehouse operations.
Berry Global will spin off and merge its Health, Hygiene and Specialties segment (including Global Nonwovens and Films) with Glatfelter in a Reverse Morris Trust transaction. The combined company will have revenues of $3.6 billion and is expected to close in the second half of 2024.
Netform, a Torque Capital Group portfolio company, completed its merger with Vickers Engineering Inc., a provider of precision machined metal components for automotive and industrial markets based in New Troy, Michigan.
Aircraft Readiness Alliance JV, a joint venture of Tyonek WorldWide Services, Affordable Engineering Services and Zenetex, secured a $176.3 million IDIQ contract from the US Navy for depot-level maintenance and repair of aircraft platforms, with work in Jacksonville, Florida and Oceana, Virginia.
Anguil Environmental Systems formed Anguil Industrial to acquire Young & Bertke Air Systems Company, a mechanical contractor in Cincinnati, Ohio. The acquisition is effective immediately and enhances both companies' offerings in environmental systems and mechanical contracting.
Abbott Laboratories Inc. was awarded a maximum $117,140,796 fixed-price, indefinite-delivery/indefinite-quantity contract by the Defense Logistics Agency for cardiovascular procedural packages and supplies. The contract is for one year with four one-year options, ordering period ending April 16, 2025.
Wärtsilä was awarded a contract by the Lower Colorado River Authority for ten Wärtsilä 50SG engines for the new Timmerman Power Plant near Maxwell, Texas, doubling the output of an earlier order. The order was booked in March 2024, and the first unit is expected online in 2025.
Trane has begun releasing R-454B-compliant equipment and is changing the way it classifies products for consumers.
McEwen Mining has agreed to acquire all outstanding shares of Timberline Resources not already owned by McEwen via a merger, valuing the transaction at approximately US$19.4 million. Timberline shareholders will receive 0.01 of a McEwen share per Timberline share.
BAE Systems Information and Electronic Systems was awarded a $459,802,408 contract by the U.S. Army for AN/ARC-231/A Multi-mode Aviation Radio Suite hardware components, repair services and technical support.
Johnson Thermal Systems (JTS) broke ground on a new 172,700-square-foot manufacturing facility, Plant #2, in Nampa, Idaho. The facility will produce packaged power solutions and is part of JTS's expansion plans.
Westrock Coffee opened its 570,000-square-foot roast-to-ready-to-drink beverage manufacturing facility in Conway, Arkansas, ahead of schedule on April 16, after a $315 million investment.
DXP Enterprises acquired Hennesy Mechanical Sales, a distributor of industrial pumps serving municipal water and wastewater markets in Arizona, New Mexico and West Texas. The deal is listed in World Pumps' Q1 2024 M&A review.
Rapid Pump, a portfolio company of Hidden Harbor Capital Partners, acquired AC Furia Electric Motor, a White Plains, New York repair and distribution business for motors and pumps. The deal expands Rapid Pump's footprint in the northeast.
GE Vernova received an order from LG&E and KU for 7HA.03 combined-cycle plant equipment to power a new 645MW natural gas generating unit at the Mill Creek Generating Station in Louisville, Kentucky. The unit will feature GE's 7HA.03 gas turbine with hydrogen capability.
OQ Chemicals achieved mechanical completion of its 'Propel' project at Bay City, Texas, providing key infrastructure and high-purity propionaldehyde to support Röhm's new methyl methacrylate plant at the same site.
Celanese Corp. started up a new 1.3 million-ton acetic acid expansion at its Clear Lake, Texas plant in March 2024, which it believes to be the lowest-cost and lowest-carbon footprint acetic acid facility in the world.
Korea Aerospace Industries was selected by Eve Air Mobility to supply structural pylons for the Eve-100 eVTOL aircraft, supporting the electric power units and rotors.
The US Department of Commerce signed a preliminary memorandum with Samsung for $6.4 billion in direct funding under the CHIPS Act to support a new chip manufacturing hub in Taylor, Texas, and expansion of an existing site in Austin, creating over 20,000 jobs.
Marshall received an £11 million extension to its long-standing contract with Lockheed Martin to manufacture and supply cockpit trim panels for the C-130J Super Hercules airlifter. The panels are shipped to Lockheed Martin's Marietta, Georgia production facility.
Fox Robotics has entered into a multi-year program agreement with Walmart to deploy 19 FoxBot autonomous forklifts across four Walmart distribution centers, with Walmart also investing growth capital for a minority interest.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for $300 million, with an additional earn-out of up to $55 million. The deal is expected to close in the first half of 2024.
Samsung Electronics announced it will receive up to $6.4 billion in direct funding under the CHIPS and Science Act to expand its semiconductor manufacturing operations in Central Texas, including its new facility in Taylor, Texas. The company expects to invest more than $40 billion in the region in the coming years.
A strong majority of U.S. Steel Corp. shareholders voted to approve the proposed $14.9 billion acquisition of the manufacturer by Nippon Steel.
RENK America (RAM) announced a contract worth over $100 million from the United States Army for HMPT transmissions. The order was announced on April 15, 2024.
Greif is finalizing construction of a bulk corrugated manufacturing plant in Dallas, Texas, scheduled to open in spring 2024. The plant will mainly make triple wall sheets and jumbo boxes for industrial and agricultural customers.
Corky's Food Manufacturing will create 28 new jobs in Memphis, Tennessee, as part of an expansion.
Benteler Steel plans a $21 million expansion of its facility at the Port of Caddo-Bossier in Shreveport, Louisiana, creating 49 jobs.
Black Box Safety, Inc. was awarded a $35 million, 5-year sole-source contract to provide Point Blank Enterprises' ballistic protection gear to California law enforcement agencies.
Cook Medical received a one-year contract from the U.S. Department of Defense to supply implantable devices including Zilver PTX stents and Zenith aortic endografts to all DoD hospitals in the U.S., with options for four additional years. The total value including options is $13.7 million.
Ducommun announced two major awards totaling over $50 million from Raytheon for the SPY-6 family of radar systems. The orders include a $25 million follow-on order and a $25 million order for new production circuit card assemblies, to be produced in Tulsa, Oklahoma.
Safran Nacelles and Sky Airline signed a multi-year service agreement for the A320neo family fleet, providing access to a shared pool of large nacelle components and maintenance at Safran's MRO station in Indianapolis.
Prysmian S.p.A. has entered into a definitive merger agreement to acquire Encore Wire Corporation for $290.00 per share in cash, implying an enterprise value of approximately €3.9 billion. The transaction is expected to close within four years and will enhance Prysmian's North American presence.