SOUTHFIELD, Mich., Sept. 12, 2016 /PRNewswire/ -- 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.
About MPG
MPG is a leading provider of highly engineered lightweight
components for use in powertrain and suspension applications for
the global light, commercial and industrial vehicle markets. MPG
produces these precision components and modules using complex
metal-forming manufacturing technologies and processes for a global
customer base of vehicle OEMs and Tier I suppliers. MPG's
metal-forming manufacturing technologies and processes include
aluminum die casting, forging, iron casting and powder metal
forming as well as advanced machining and assembly. Headquartered
in Southfield, Michigan, MPG has a
global footprint spanning more than 60 locations in 13 countries
across North and South America,
Europe and Asia with approximately 12,000 employees. For
more information, visit www.mpgdriven.com.
Contact Information:
Media
Erin Millerschin
The Millerschin Group
(248) 276-1970 (office)
(248) 701-5828 (cell)
emillerschin@millerschingroup.com
Investors
David Gann
MPG
Vice President, Investor Relations & Communications
(248) 727-1841
dgann@mpgdriven.com
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SOURCE Metaldyne Performance Group Inc.