UFP announces $27 million acquisition of Texas pallet manufacturer Apache Products
■UFP Industries, Inc.★TXSilsbee
UFP Industries announced an agreement to acquire Apache Products' operating assets and Silsbee, Texas, real estate for approximately $27 million. The deal would add a 165-person pallet operation with about $55 million in annual sales to UFP Packaging's PalletOne network and expand industrial-packaging capacity for Gulf Coast manufacturing, energy, and petrochemical customers.
The Andersons signed a definitive agreement to acquire Harvestone Low Carbon Partners' three operating ethanol plants in North Dakota and Indiana for $915 million. If the transaction closes, the company would add about 215 million gallons of annual ethanol capacity, expand its renewables platform by more than 40 percent, and own a combined production network with about 730 million gallons of annual capacity.
Lonza signed a definitive agreement to acquire five operating U.S. contract-development and manufacturing sites from Merck KGaA. The transaction would more than double Lonza's U.S. CDMO footprint from four to nine sites, add about 1,100 employees, and expand domestic capabilities for bioconjugates, payload-linkers, viral vectors, lipid nanoparticles, liposomes, PEGylated proteins, and aseptic fill-finish services.
TOTE Services selected Hanwha Defense USA to build one Medium Landing Ship at Hanwha Philly Shipyard under its U.S. Navy and Marine Corps vessel-construction contract. The $269 million award includes options for three additional ships, with construction scheduled to begin in the fourth quarter of 2027.
EDGE Industrial Technologies announced its acquisition of Salinas, California-based Harvest Blade, adding industrial-blade resharpening and supply capabilities for food processing and packaging customers. The completed transaction extends EDGE's U.S. resharpening footprint from its Pennsylvania operation to the West Coast.