Manufacturing
Get the latest news on manufacturing companies, innovation, and economic impact across southeastern Wisconsin.
Move to Pewaukee to further United Tool’s growth
United Tool Inc. is busting at the seams of its 12,800-square-foot manufacturing facility in Milwaukee. The job shop does precision machining, fabrication and welding work and recently announced plans to move to a 27,530-square-foot building in Pewaukee that it purchased for $1.5 million.
Generac announces secondary offering
Funds affiliated with CCMP Capital are selling all of their 7.02 million shares of stock in Generac Holdings Inc. through a secondary offering, excluding small amounts held by directors and a former director that were given as compensation for service on the board of directors.
Generac Closes on acquisition of Tower Light
Waukesha-based generator manufacturer Generac Holdings Inc. announced today the closing of the purchase agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I, advised by Ambienta SGR, and a group of minority-share investors.
Roadrunner drives up profits
Cudahy-based logistics service provider Roadrunner Transportation Systems Inc. today reported second quarter net income of $13.97 million, up 36.9 percent compared to $10.2 million during the 2012 second quarter.
Modine gets sales boost
Modine Manufacturing Co. reported fiscal first quarter net earnings of $10.6 million, or 21 cents per share, up significantly from a $900,000 loss in the fiscal first quarter of 2013.
Stocks rise as jobless claims dip, manufacturing index surges
Stocks rose this morning as the federal government reported that the number of people who applied last week for new unemployment benefits fell to the lowest level since early 2008 and the Institute for Supply Management said its July manufacturing index surged to a reading of 55.4 percent up from. 50.9 percent in June, the highest level for the index since June 2011.
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Palermo settles with NLRB
Milwaukee frozen pizza manufacturer Palermo Villa Inc. has settled its outstanding issues with the National Labor Relations Board.
Harley sales soar
Harley-Davidson Inc. reported second quarter net income of $271.7 million, or $1.21 per share, up from $247.3 million, or $1.21 per share, in the same period a year ago.
Molinaroli to succeed Roell as Johnson Controls CEO
Glendale-based Johnson Controls Inc., Wisconsin's largest publicly traded company, announced that its board of directors has elected Alex Molinaroli, vice chairman, to serve as the company's next president and chief executive officer, effective Oct. 1, 2013.
SPX names Hegeman as president of Waukesha division
SPX Corp. has named William (Bill) Hegeman as president of the SPX Transformer Solutions Inc. business unit, which is headquartered in Waukesha.
