Modern Equipment closing in Port Washington, cutting 59 jobs

Port Washington-based foundry equipment manufacturer Modern Equipment Co. LLC will close its doors later this year, eliminating the jobs of up to 59 employees.

Foundry-shutterstock_384716050

Modern Equipment’s facility is located at 369 W. Western Ave. The company was acquired by New York-based private investment firm Dunes Point Capital in 2014 when Dunes Point acquired industrial and chemical businesses owned by Alco Industries.

Modern Equipment Co. was founded in Milwaukee in 1919.

In a filing sent to state officials, the company said the closure would affect all employees at the facility, but 25 salaried and administrative employees would have an opportunity at a “separate but related business.”

“That related business may be outside regular commuting distance, however, so Modern Equipment is providing all employees notice as it is currently unknown how many of those employees will be affected,” the filing said.

The company said separations would take place in stages starting July 10 and continuing through Sept. 29. The exact process is still being finalized.

Production and maintenance employees at the facility are represented by District 10 International Association of Machinists & Aerospace Workers, AFL-CIO Local 66.

The Waukesha-Ozaukee-Washington Workforce Development Board’s Rapid Response Team will also contact the company to offer Rapid Response Services.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

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.

No posts to display