DM Acquisitions LLC won a receivership auction for Milwaukee Forge on April 28. DM, which is led by Milwaukee Forge president and CEO Dave Mesick, bid $7.1 million for the company’s assets. The United Steelworkers and the Machinists, both of which represent Milwaukee Forge employees, supported DM’s bid. The management group plans to add up to 40 new, full-time jobs at the company in the next two years. Milwaukee Forge forges and heat treats parts for the mining, off-highway and power-transmission industries. A judge must yet approve the deal.
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Check out the April 2021 issue of FORGE, featuring our cover story on the "Ovako's Vacuum Degassing Process Improves Forging-Steel Grades", "Back to the Future: Revisiting AM Predictions from 2012", "Viral Marketing during COVID-19", and much more.