ReNEW Partners acquired Absolute Machine & Tooling, a precision machine shop in Leander, Texas, that manufactures semiconductor components. The transaction closed on July 31, 2023.
BDT & MSD Partners has agreed to make a minority investment in IMA Group, a packaging machinery manufacturer, acquiring a stake from BC Partners. The Vacchi family remains majority owner.
Ferguson Marine (Port Glasgow) Ltd awarded a £6 million contract to Pemamek Oy Ltd for an automated/semi-automated panel line at its shipyard in Port Glasgow, United Kingdom. The contract was awarded on 28 July 2023.
Myungsung TNS signed a KRW 6.5 billion contract with an overseas secondary battery parts and materials company to manufacture HP 03/04 Line Swelling extraction tank and drying tank, from July 27, 2023 to December 31, 2024.
Lefort, a metal recycling equipment manufacturer, has acquired 100% of the capital of Copex S.A., a French manufacturer of hydraulic shears and balers for scrap metal and solid waste treatment.
Toray Advanced Composites announced a planned expansion of its Morgan Hill, California plant, adding 74,000 square feet to increase production capacity by 50% for advanced composites serving aerospace, defense, and industrial markets.
Tormach, a supplier of CNC machines, has acquired Guadalajara, Mexico-based Insofos, a manufacturing and engineering services firm. Terms were not disclosed. Insofos has 35 employees and will keep its name.
Romanian tissue producer Pehart Group signed a contract with A.Celli to rebuild a tissue machine at its Dej-based facility, including a Yankee dryer and shoe press, to boost production capacity and energy efficiency.
NORD DRIVESYSTEMS is expanding its factory in Wiechlice, Poland, almost tripling the area from 11,000 m² to 32,000 m². Construction started in April 2023, opening expected in Q2 2024.
ROMCO Equipment and its parent company SMT acquired 100% of Sierra Machinery, the exclusive Volvo CE dealer in southwestern Texas and southern New Mexico. The acquisition expands ROMCO's territory westward.
GE Appliances invested $118 million to revamp its Roper Corp. cooking products plant in Lafayette, Georgia, adding automation, robots, and 600 new jobs.
Lontra invested £17 million in constructing a state-of-the-art factory in Doncaster, UK, to increase production of its LP2 Blade Blower. An Okuma Multus B550 turn-milling centre was installed for finish machining of the blower rotor.
ROMCO acquired Sierra Machinery, a full-service distributor of construction, mining, and industrial equipment based in El Paso, Texas. The terms of the transaction were not disclosed.
The Indian Government Mint Kolkata awarded a contract worth 10,111,000.01 INR to Newton Weighing System Private Limited for supply, installation, testing and commissioning of one secondary fully automatic big bag packing machine for an existing Bosch packaging line.
Prinoth inaugurated two new production halls at its Herdwangen site, more than doubling production capacity for vegetation management vehicles and attachments. EUR 10 million has been invested since 2021, and employee count increased by 30%.
Allied Machinery plans to build a new production base in Monterrey, Mexico, with a first-phase investment of $56.6 million and annual capacity of 380,000 precision parts. Construction will take two years.
Schwäbische Werkzeugmaschinen (SW) has broken ground on a new production hall at its headquarters in Schramberg-Waldmössingen, Germany, investing around €11 million. The 4,300-square-meter hall will expand production capacities, and the technology center will be expanded by 1,500 square meters from mid-2024.
Consilium Private Equity fund has acquired a majority stake in Italian aerial lift manufacturer Cela. The senior management team retains a substantial stake, and CEO Paolo Troni will continue to run the business.
Rhodes Interform secured a contract with Cascade (UK) Limited to produce a bespoke twin press facility for forging forklift truck forks. The facility will be installed at Cascade's factory in Openshaw, Manchester.
PTG Holroyd secured orders for four EX Series CNC helical rotor milling machines from two German screw compressor manufacturers, with a combined value of around £5 million. The machines will be shipped during 2024.
Groupe SEEB has acquired COLLET & AMBLARD, creating a new entity SEEB COLLET AMBLARD specializing in complex high-precision machining, with revenue of EUR 3.5 million and 30 employees.
Shandong Weida Machinery will invest $15 million to build a plant in Matamoros, Coahuila, Mexico, to manufacture drill chucks for Milwaukee Tool. The facility will create 100 jobs in its first phase.
Fox Innovation & Technologies Inc. acquired Texas-based Revak Keene Turbomachinery and Industrial Storage Services, gaining a manufacturing facility and aftermarket parts and repair business for compressors, backed by Bluewater.
DYPNF signed a contract worth KRW 19.7 billion with Hyundai Engineering to supply silo equipment for Aramco's Shaheen petrochemical project in Ulsan, South Korea. It is the company's second award on the project.
ANDRITZ received an order from Infinya Containerboard for a complete OCC line with reject treatment system at its recycled paper mill in Hadera, Israel. The line will have a capacity of 1,080 bdmt per day, with start-up planned for Q3 2024.
Vance Street Capital's Micronics Engineered Filtration Group acquired AFT, a filter media division of FLSmidth. AFT was started by FLSmidth in 1999 and was known previously as Advanced Filtration Technologies.
Decisive Dividend Corporation acquired Innovative Heating Technologies Inc. (IHT), a manufacturer of heating mats and lighting solutions for hog production, for $15.5 million. The acquisition was funded through an expanded credit facility.
GE Appliances and its subsidiary Roper Corporation celebrated a $118 million investment at the LaFayette, Georgia plant, adding new assembly lines, presses, and robotics. The investment will enable production of new freestanding ranges available in early 2024 and adds 600 jobs.
Neo Performance Materials plans to construct a magnet factory and R&D center in Narva, Estonia, with an investment of €81.25 million plus €18.75 million from Estonia's Just Transition Fund. Phase 1 will produce 2,000 tons/year of sintered rare earth permanent magnets, with manufacturing operations expected to start in 2025.
The vacuum equipment manufacturer Schmalz Group acquired UK-based Palamatic, a stainless steel vacuum lifter and crane specialist, and Sweden-based Binar Handling, an electric manipulator and rope balancer specialist.
HD Hyundai Construction Equipment signed an investment agreement with Ulsan City to invest 194.1 billion won (approx. 200 billion won) to upgrade its Ulsan plant, increasing production capacity from 9,000 to 15,000 units per year and creating over 600 jobs, with completion by June 2025.
Wabtec Corporation will invest $2.7 million to expand its Graham-White facility in Salem, Virginia, relocating pneumatic braking system manufacturing lines there. The move is expected to create 38 new jobs.
Cim Tek Filtration held a ribbon cutting for its new manufacturing facility in Kennett, Missouri, its first manufacturing branch in the state, expected to create 77 jobs.
Sunlight Group Energy Storage Systems acquired 100% of Triathlon Holding GmbH, following an initial 51% stake earlier in 2023, to unify operations and become a champion in industrial mobility batteries and energy storage.
Northern Concrete Pipe Inc. awarded a contract to mbk Maschinenbau GmbH for a fully automatic cage welding machine for its Grand Rapids, Michigan plant. The machine was delivered in summer 2018.
Oshkosh Defense received a $57 million order from the U.S. Army Contracting Command to produce 116 Enhanced Heavy Equipment Transporter System (EHETS) trailers.
Jacto finalized construction of a new 96,000 sqm factory in Pompeia, São Paulo, Brazil. Production lines will start in September 2023 with full operation expected in January 2024. The plant will be highly automated with 80% robotized operations and a 5 MW solar park.
EMAG Group held a groundbreaking ceremony for a new plant in San Isidro Business Park, Querétaro, Mexico. The facility will have 1,800 m² of production space with 30 machine assembly stations and 1,200 m² of office space.
Air Products awarded MAN Energy Solutions an order for six air-compressor trains for the air-separation unit of its Clean Energy Complex in Darrow, Louisiana, which will produce blue hydrogen and blue ammonia. The article is dated July 17, 2023.
Wuxi Jinye Complete Equipment Co., Ltd. is constructing a 46,000 sqm modern factory in Wuxi, China, expected to finish at the end of 2023 with full move-in by mid-2024.
The second phase of SEW Eurodrive's smart factory in Suzhou Industrial Park, with an investment of over RMB 700 million and floor area of about 60,000 sqm, broke ground on July 15, 2023, and is scheduled to operate in 2024, manufacturing synchronous low-voltage motors and high-voltage servo motors.
SEW-Motors (Suzhou) Co Ltd, a branch of SEW Eurodrive, opened the first phase of its smart factory in Suzhou Industrial Park on July 15, 2023, with an investment of about RMB 600 million and annual capacity of 1.5 million motors. The second phase, with an investment of over RMB 700 million, broke ground and is scheduled to operate in 2024.
XCMG signed a protocol of intentions with the city of Pouso Alegre to expand its facility, investing about R$30 million and creating 360 direct and 100 indirect jobs by 2027.
CMZ Machinery Group has invested €8 million in a 2,000 m² extension to its factory in Elorrio, Spain, called Precitor, which began operations in late February 2023 and will increase cylindrical component production by 55%.
Entrepreneur Dmitry Zyryanov plans to invest 160 million rubles in building a new building and purchasing equipment to increase production of CNC lathes to 50 units per year in Birsk, Bashkortostan.
GEMÜ Switzerland is opening a new plant hall (Plant 2) in Emmen to house machining and semiconductor assembly areas, freeing up space at Plant 1 for production expansion. Around 90 people will work at the new location starting in 2024.
Amaero International Limited will invest $54.9 million to establish its first U.S. facility in Cleveland, Tennessee, creating 105 jobs. The 130,000-square-foot facility will serve as its flagship manufacturing, R&D and global headquarters for titanium alloy powder production.
German companies Weser Industrie- und Anlagentechnik and Dieffenbacher, with Egyptian EPC contractor MT Mixers, will supply a plant to Egypt's National Service Projects Organization for MDF/HDF production from date palm fronds in Toshka, Egypt. The plant will produce around 125,000 m³ per year and is scheduled to produce its first board in fall 2025.
Rotterdam-based maritime companies HEBO Maritiem Service and Bonn & Mees Floating Sheerlegs announced their merger, combining 170 years of experience to create a versatile maritime service provider in Europe.
Rygor Group Ltd. announced the launch of Rygor Plant, a new plant division, and a partnership with XCMG UK to distribute XCMG's earthmoving product range in the UK. Rygor Plant is the first UK dealer for XCMG's earthmoving products.