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Howmet Aerospace to buy hardware business for $1.8B, among other M&A to end 2025
Yahoo Finance· 2026-01-12 12:41
Group 1: Samsung Biologics Acquisition - Samsung Biologics is investing $280 million to establish its first U.S. manufacturing site in Rockville, Maryland, which will enhance its global manufacturing footprint [2] - The acquisition includes two manufacturing plants from GSK with a total production capacity of 60,000 liters [2] - The company plans to retain the existing 500 workers at the site and invest in additional capacity and technology to strengthen its U.S. supply chain [3] - This acquisition is described as a "landmark" move by CEO John Rim, aimed at deepening collaboration with U.S. stakeholders [4] - The deal would provide Samsung Biologics a 100% stake in Human Genome Sciences, previously acquired by GSK for $3.6 billion in 2012 [3] Group 2: GSK's Strategic Moves - GSK is divesting its Rockville manufacturing plants to improve its balance sheet and focus on deals that align with its strategic goals [5] - The company has committed to investing $30 billion in research and development and manufacturing in the U.S. over the next five years [5] Group 3: Howmet Aerospace Acquisition - Howmet Aerospace is set to acquire Consolidated Aerospace Manufacturing from Stanley Black & Decker for $1.8 billion in cash [6] - This acquisition is expected to increase Howmet's revenue by nearly $500 million and provide significant tax benefits for fiscal year 2026 [7] - CEO John Plant emphasized that this acquisition is a "major step" in expanding and diversifying Howmet's fastener portfolio, highlighting the complementary nature of CAM's brands and engineering capabilities [7]