GM Ventures Invests $10M in Forge Nano to Advance Atomic Armor Battery Coatings

NanoXplore Acquires Assets of XG Sciences

August 29, 2022

Manufacturing

NanoXplore Inc. was the winning bidder for a significant portion of XG Sciences' assets, acquiring the company's mechanical milling platform, R&D lab, and all issued and pending patents and trademarks in a cash asset purchase from XG's senior secured creditor. NanoXplore plans to relocate the assets from Lansing, Michigan to Canada to establish a dedicated battery-material R&D facility and to build a silicon-graphene anode material production capability (100–200 tons/year planned for 2023), accelerating its participation in the battery anode materials market and expanding its IP position.

Angstrom Automotive Group Acquires General Aluminum Mfg. Company from Park-Ohio

January 18, 2024

Manufacturing

Angstrom Automotive Group LLC acquired General Aluminum Mfg. Company (the Aluminum Products business) from Park-Ohio Holdings Corp., in a completed divestiture announced in early January 2024. Park-Ohio said the sale will help deleverage its balance sheet and reduce capital intensity while Angstrom expands its aluminum casting and machining footprint across U.S. and Mexico facilities.

Ajinomoto Co., Inc. Acquires Forge Biologics

November 13, 2023

Biotechnology

Ajinomoto Co., Inc. will acquire Forge Biologics in an all-cash transaction valued at $620 million, expanding Ajinomoto's gene therapy and plasmid/AAV manufacturing capabilities. Forge, a Columbus, Ohio–based viral vector and plasmid CDMO with a 200,000 sq ft cGMP facility and ~300+ employees, will become a consolidated subsidiary to accelerate global gene and cell therapy manufacturing capacity.

ArmorWorks Enterprises Acquires Fox Valley Metal-Tech

March 14, 2024

Aerospace & Defense

ArmorWorks Enterprises, a portfolio company of Littlejohn Capital, has acquired Fox Valley Metal-Tech, a Green Bay-based provider of precision metal fabrications for naval and defense applications. The deal expands ArmorWorks' Department of Defense capabilities into high-priority U.S. Navy programs and adds Fox Valley's 185,000 sq. ft. manufacturing facility and precision welding, machining, and finishing capabilities.

Detroit Manufacturing Systems Acquires Android Industries and Avancez to Form Voltava

December 13, 2025

Manufacturing

Detroit Manufacturing Systems (DMS) completed the acquisition of Android Industries and Avancez and combined the businesses into a new company, Voltava, which is headquartered in Auburn Hills, Michigan and is wholly owned by Bruce Smith. The transaction creates a scaled global manufacturing and assembly platform with approximately 5,400 team members across 21 locations to serve automotive, e-mobility, industrial and other end markets, supported by a $450 million asset-based credit facility.

GlobalFoundries Acquires Advanced Micro Foundry

November 18, 2025

Manufacturing

GlobalFoundries (GF) has acquired Singapore-based Advanced Micro Foundry (AMF), expanding GF's silicon photonics manufacturing capabilities and establishing GF as the largest pure-play silicon photonics foundry by revenue. The deal brings AMF's 200mm manufacturing platform, IP and talent into GF's global operations and includes plans to scale production and open a silicon photonics R&D center of excellence in Singapore.