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Industry News

  • Bosch Divests from Packaging Technology Business

    German technology supplier Bosch entered into an agreement this month to sell its Packaging Technology business to Luxemburg-based private equity and investment firm CVC Capital Partners (CVC), the companies announced in a joint press release.  Under the terms of the agreement signed on July...

  • Crews Douse Coal Hopper Fire at Michigan Power Plant

    Firefighters responded to a fire in a coal hopper at the Lansing Board of Water and Light (BWL) Erickson power plant in Delta Township, MI on July 12, several local news organizations reported. Crews remained on scene for several hours to put out the flames.  The blaze was reported to...

  • Fire at ADM Facility in Illinois Causes $100K in Damage

    A blaze ignited Monday evening inside of a warehouse operated by agribusiness Archer Daniels Midland (ADM) in Decatur, IL that caused an estimated $100,000 in damages, several local news organizations reported.  “Last night at approximately 8:30 p.m., a fire broke out in a storage...

  • Sandvik Takes Stake in Metal AM Services Firm Beam IT

    Swedish engineering group Sandvik is expanding its presence in the additive manufacturing (AM) industry with the acquisition of a 30% stake in Italian metal AM services and advanced end-use components firm Beam IT, a recent release announced.  “The investment in Beam IT will complement...

  • Eriez Adds Inventory to Support Quick Ship Stocking Program

    Erie, PA-based Eriez announced Tuesday that it has increased inventory levels for metal detectors, magnetic separators and vibratory feeding equipment included in the company’s Quick Ship stocking program. Eriez said this adjustment has allowed them to ship...

  • Nestle to Roll Out Refined Sugar-Free Chocolate this Year

    Swiss food and beverage giant announced Tuesday that it plans to introduce a new form of chocolate to the market made completely from cocoa fruit with no added refined sugar. The newly patented product is sweetened with pulp extracted from the cocoa fruit. Nestle said the product matches...

  • Air Liquide to Open New $140M ASU in Texas

    As part of a newly-formed agreement to supply oxygen and nitrogen to a new ethane cracker under development in Corpus Christi, TX, French industrial gases firm Air Liquide intends to invest about $140 million to construct a new Air Separation Unit (ASU) in Bay City, TX. The company announced on...

  • DuPont Opens Probiotics Fermentation Facility in U.S.

    DuPont’s Nutrition & Biosciences business announced Monday that it has opened a new probiotics fermentation unit in Rochester, NY, marking the completion of a $100 million investment to boost the firm’s probiotics production capacity.  The company said the site is now the...

  • Chemical Firm to Open Dye Production Plant in Michigan

    Specialty chemicals company American Chemical Solutions (ACS) plans to invest $15 million to re-open an idled, 20-acre functional dye manufacturing plant in Muskegon, MI, the Michigan Economic Development Corporation (MEDC) announced in a recent release.  “We see a unique opportunity to...

  • TreeHouse Foods Agrees to Sell Snacks Division for $90M

    Private label packaged foods and beverages manufacturer TreeHouse Foods Inc. recently entered into a definitive agreement to sell its snacks division to Atlas Holdings LLC for $90 million, a company release announced. Slated to bring in $670 million in net sales during 2019, the firm’s...