ARLINGTON – Raytheon, an RTX business, and Avio USA have signed an agreement to establish a new, state-of-the-art solid rocket motor production facility in the United States, the companies announced Tuesday. The memorandum of understanding aims to make Avio a vertically integrated merchant supplier, serving Raytheon and other customers. Under the agreement, Raytheon will have…
DALLAS — CSW Industrials, Inc. has finalized its acquisition of Motors & Armatures Parts, a leading distributor of HVAC and refrigeration components, for approximately $650 million in cash, the company announced Tuesday. The acquisition of MARS Parts significantly expands CSW’s product portfolio in the heating, ventilation, air conditioning and refrigeration market. The deal adds motors,…
HOUSTON – Industrial distributor DXP Enterprises Inc said on Monday it has completed the acquisition of pump supplier Triangle Pump & Equipment Inc, a move aimed at expanding its geographic footprint and capabilities in the water and wastewater sector. DXP, which provides pumping solutions and other industrial equipment, funded the deal for Ridgefield, Washington-based Triangle…
AMSTERDAM – Eli Lilly and Co (LLY.N) said on Monday it will invest $3 billion to build a new manufacturing plant in the Netherlands, expanding capacity for its experimental weight-loss pill orforglipron and other oral treatments as it races to meet soaring demand. The Indianapolis-based drugmaker is ramping up production of its key metabolic drugs,…
NORTH MANKATO — Taylor Corporation, a global print and communications company, announced Thursday it has acquired Gooten, Inc., a technology and fulfillment provider specializing in the print on demand market. The acquisition will combine Gooten’s OrderMesh technology platform and fulfillment network with Taylor’s national manufacturing footprint and global development expertise. Financial terms of the deal…
BRISTOL: Electro-Mechanical, LLC, a leading U.S. manufacturer of medium voltage switchgear and electrical apparatus, announced Friday it has acquired Powercon Corporation, a Maryland-based provider of custom-designed power distribution systems. Founded in 1959, Powercon brings more than six decades of engineering expertise in medium voltage switchgear, e-houses, and modular substation power systems. The acquisition strengthens Electro-Mechanical’s…
NEW YORK: Packaging Corporation of America (PKG.N) on Wednesday reported a better-than-expected quarterly profit, driven by higher prices in its packaging business and lower fiber costs, and said it expects earnings from its newly acquired Greif containerboard operations to improve. The third-largest producer of containerboard products in North America said adjusted earnings for the third…
NORTH BALTIMORE: Nickolas Asset Management (NAM), together with the Reinhart Family of Companies and its portfolio company Configure Brands, announced today the acquisition of OGO and Medal Technologies, including a 32,500-square-foot production facility in North Baltimore. The acquisition is designed to significantly expand manufacturing capacity for the combined entities. The facility will immediately begin producing…
PARIS: Legrand (Paris:LR), a global specialist in electrical and digital building infrastructures, announced Friday it has acquired Avtron Power Solutions (Avtron), a Cleveland-based provider of load banks and power quality solutions, in a deal valued at $1.125 billion. The acquisition strengthens Legrand’s footprint in energy transition-related technologies, particularly in high-growth verticals such as datacenters, microgrids…
LONDON: Britain’s economy expanded by a stronger-than-expected 0.3% in the second quarter, preliminary data from the Office for National Statistics (ONS) showed on Thursday, as resilient services activity offset weakness in production and lingering trade uncertainty. Economists polled by Reuters had forecast a modest 0.1% rise in gross domestic product (GDP) for the April-June period,…
LONDON: Essentra PLC on Tuesday reported financial results for the half year ended June 30, 2025, with performance meeting the company’s expectations despite continued macroeconomic challenges across global markets. The components and solutions provider posted revenue of £152.4 million, a 1.1% decline on a constant currency basis from £159.7 million in the first half of…
LONDON: Partners Group, one of the largest private markets investment managers globally, has agreed to sell its longstanding stake in PCI Pharma Services in a deal led by Bain Capital and Kohlberg & Company, the firms said on Tuesday. The transaction, which values PGPE Ltd’s interest in the global contract development and manufacturing organization (CDMO)…