Metaldyne Performance Group Inc. (NYSE: MPG), a leading provider of highly engineered components for use in powertrain and suspension applications for the global light, commercial and industrial vehicle markets, announced the planned closure of the Wisconsin-based Brillion Iron Works, which was recently acquired from Accuride Corporation (NYSE: ACW).
The Brillion foundry will cease molding and melt operations in the fourth quarter of 2016. Brillion employs 293 hourly and 49 salaried employees. Transfer opportunities will be made available to relocate employees to other MPG locations as opportunities exist.
“A severe downturn in the Heavy Truck, Mining, Agriculture and Industrial Markets is forcing the foundry industry to consolidate production into fewer facilities,” said Doug Grimm, President and COO of MPG. “This was a difficult decision that impacts Brillion’s dedicated and skilled workforce. Where feasible, we hope to relocate as many employees as possible to other MPG locations.”
The existing Brillion business will be transferred to five MPG casting plants located in Browntown, WI; Reedsburg, WI; St. Cloud, MN; Iron Mountain, MI; and New Castle, IN.
