Brillion Foundry Closes Two Weeks After Purchase
After purchase of the Brillion Iron Works foundry in Wisoncsin for 14$ Million, Metaldyne Performance Group Inc. announced a shutdown of the foundry.
“A severe downturn in the heavy truck, mining, agriculture and industrial markets is forcing the foundry industry to consolidate production into fewer facilities,” stated MPG president and COO Doug Grimm. “This was a difficult decision that impacts Brillion’s dedicated and skilled workforce. Where feasible, we hope to relocate as many employees as possible to other MPG locations.”
The foundry did work on products of gray iron and ductile iron castings making things ranging from thin-walled complex heavy-sectioned parts for commercial vehicles, agricultural, construction and mining equipment.
MPG issued a statement noting that Brillion operations would complement MPG’s casting business and capacity at the time of the purchase. “MPG has completed 10 acquisitions over the past decade and we have successfully integrated all of them,” stated George Thanopoulos, CEO. “Our customers are very supportive of this bolt-on transaction given our successful history of acquisitions and the current depressed state of the industrial and heavy truck markets.”
With the closing of the doors during the fourth quarter, all work orders will be transferred to MPG foundries in other locations in WI, MN, MI and IN. Brillion Iron Works has 293 hourly and 49 salaried employees and MPG offered them a transfer to positions at other locations would be offered, “as opportunities exist.”