Stone Canyon Industries LLC has acquired Magnus LLC, a producer and global supplier of bronze locomotive traction support bearings. Stone Canyon, which acquired A. Stucki Co. in September 2015, is a global manufacturer and supplier of rail-car locomotive and industrial parts. Magnus will continue to operate out of its facility in Fremont, Nebraska, and Magnus President John Macklin will report directly to A. Stucki Chief Executive Officer Bill Kiefer, A. Stucki officials said in a press release. Financial terms were not disclosed.
Jacobs Engineering Group Inc. has completed its acquisition of CH2M for $2.85 billion in cash and stock, according to a Jacobs press release. The combined firm will continue to make talent retention and hiring a priority. Additionally, the transaction is expected to make the combined company an "employer of choice" in the $300 billion-a-year transportation sector, Jacobs officials said. In August, Jacobs announced it had reached an agreement to acquire CH2M.
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