INDUSTRY NEWS


RMG Acquires Pure Power Waukesha Facility Renaissance Manu-


facturing Group (RMG), Menomonee Falls, Wis., announced in late April that it has acquired Pure Power Technologies, Waukesha, Wis., from Navistar Inc. Te acquisi- tion marks RMG’s entry into the metalcasting industry.


RMG announced


Todd Martin as president and Bobby Carr as vice president of the firm’s new Waukesha division. Carr announced the 200-plus employees would keep their jobs. “When I look at it, Renaissance


Formerly Pure Power Technologies, the facility will continue operations as RMG’s Waukesha division.


based on the alternative they had—the employment opportunities here in Waukesha ... now we start fresh.” Waukesha County Board Chair


translates literally to ‘rebirth’ in French,” he said. “When I think of the rebirth of the 200 employees here—


Paul Decker said saving those 200- plus jobs will improve the county’s overall tax base, adding “we don’t need


more taxes, we just need more taxpayers.” Martin said he hopes to build


upon and strengthen the legacy of the Milwaukee-area metalcasting facility which has been in Wauke- sha for more than a century. “We are really looking at this


to reinvest with our people, our plant, our processes,” he said. “So this isn’t an equity group that is going to buy it and turn and sell it. What we are really wanting to do is build a long-term legacy around a legacy company.” Before being sold to RMG, the


Waukesha casting facility had tran- sitioned from a captive green sand operation for Navistar Inc. into a hybrid that also handled business from outside OEMs. Financial details for the transac- tion were not immediately released.


June 2015 MODERN CASTING | 9


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