Master Lock parent company ‘footprint improvements,’ including planned shutdown of Milwaukee plant, aim to boost profits up to $75 million

Master Lock's Milwaukee factory at North 32nd and West Center streets

The parent company of Oak Creek-based Master Lock is aiming for $50 million to $75 million in improvements to its operating income through a series of “footprint improvements,” according to the company’s investor materials. Master Lock is part of the security segment of Fortune Brands Innovations, a Deerfield, Illinois-based company that includes a number of

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Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

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