Stanley Black & Decker will invest $1 billion through 2028 to strengthen its U.S. manufacturing footprint. The funds will support research and development and new product innovation as it seeks to develop next-generation tools and solutions as well as increase training opportunities to expand the skilled trades. Half of the $1 billion will go to R&D to accelerate product development...

As part of its domestic growth strategy, Bristol Myers Squibb has announced plans to build a $2.3 billion 600,000-square-foot manufacturing campus in Houston, Texas where it will produce several types of medicines and leave room for future expansion with the growth of digital integration and automation technologies. The biopharmaceutical company will produce small molecules, biologics, and...

Fan manufacturer Madison Air Solutions acquired Germany’s Ebm-Papst for $5.4 billion in a cash, debt, and equity financing deal, under the expectation that the HVAC firm will expand its capabilities and strengthen its footprint in growing markets such as the semiconductor industry. The deal is expected to close at the end of the year. Ebm-Papst, which was established in 1963 and has more than...

After first applying to a request for information back in 2008, Canadian telecommunications firm Telesat has finally signed a $2.3 billion deal with the federal government to provide high-speed satellite communications to the Canadian Armed Forces in the Arctic: the largest contract in its history. The broadband coverage will support a range of military activities in remote northern locations,...

Utah-based Rebel Creamery, an ice cream manufacturer that can be found in Walmart, Kroger, Safeway, and other grocery stores across the U.S., has filed Chapter 11 bankruptcy protection as it appeals a $23.8 million judgement in favor of Van Leeuwen Ice Cream after a trade-dress dispute was settled in court. With nearly $23.9 million in reported liabilities, the majority of which can be accounted...

Algoma Steel has temporarily paused production at its electric arc furnace (EAF) in Sault Ste. Marie, Ontario due to issues with a turbine in the Lake Superior Generating Station that caused a power outage. The company expects the outage could last up to 21 days. The company says the furnace was automatically taken offline after an abnormality was detected, a problem it believes resides in the...