Milwaukee ForgeTech Lands $20M Orders in Plant Revival
The 113-year-old Milwaukee ForgeTech plant, acquired for $4.6 million post-receivership, eyes recovery with $20 million in potential orders. CEO remains optimistic despite slow progress in Bay View facility upgrades. This signals local manufacturing resurgence.
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Milwaukee ForgeTech, the 113-year-old forging plant in Bay View, has secured $20 million in potential orders as it ramps up operations following a $4.6 million acquisition out of receivership.[1][2][3] The new owners, Milwaukee ForgeTech Holding LLC, purchased the 132,000-square-foot facility in November 2025, preserving dozens of jobs that were at risk of liquidation.[2][5] CEO optimism persists despite deliberate upgrades to the aging site.[1]
The deal involved a sale-leaseback with Big Shoulders Capital, which acquired the real estate and equipment before leasing it back to the revitalized operator.[3] Previously on the brink of auction, the plant's rescue highlights a strategic push to restore its legacy in custom forging and heat-treating services.[1][7] Rehabilitation efforts are progressing steadily, positioning the company for a manufacturing comeback in the neighborhood.[1]
For Milwaukee residents, this revival means bolstered local jobs and a shot in the arm for Bay View's industrial heritage amid broader economic pressures.[1][2] It underscores a manufacturing resurgence, offering stability for workers and suppliers in a city hungry for such wins.
Upgrades continue, with full order realization hinging on facility improvements—watch for production announcements soon.[1]