Manufacturing

Rexnord, Regal Beloit receive key IRS ruling for merger

The planned merger of a significant portion of Milwaukee-based Rexnord into Regal Beloit received a significant boost recently as the companies received a private IRS ruling on how to handle overlapping shareholders in the deal.

The Manitowoc Company to purchase equipment truck upfitter for $51 million

The Manitowoc Company will acquire Minnesota-based Aspen Equipment, Co. in a $51 million deal, the Milwaukee-based crane manufacturer and lifting solutions company announced today.

Brookfield-based Part Analytics raises $3 million

Part Analytics has raised $3 million to expand its team and further develop its direct sourcing platform designed for original equipment manufacturers, the Brookfield-based company announced today.

Tyson Foods to close Jefferson facility, lay off 62 employees

Arizona-based Tyson Foods will close its facility in Jefferson and lay off 62 employees next month, the company wrote in a notice to the state’s Department of Workforce Development Thursday.
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Milwaukee Tool posts 64% global growth in first half of 2021

Brookfield-based Milwaukee Tool had 64.1% global growth for the first half of 2021, compared to the first half of 2020, the tool maker’s parent company, Hong Kong-based Techtronic Industries Co., reported today.

Direct Supply interns win Light the Hoan coding challenge

Interns at Direct Supply won Milwaukee’s first “Intern Challenge,” a bracket-style competition where the public voted on light shows designed by Milwaukee-area interns and displayed on the Daniel Hoan Memorial Bridge.

MGS creates CTO position, makes internal promotion

Tooling and custom molding manufacturer MGS Mfg. Group has promoted Shawn Krenke to chief technology officer, a newly created position for the Germantown-based manufacturer.

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