Metaldyne Performance Group Inc. announced through a press release the company plans to close Brillion-based Iron Works, which was recently acquired from Accuride Corporation.
Brillion employs 293 hourly and 49 salaried employees.
The Brillion foundry will stop molding and melt operations in the fourth quarter of 2016.
According to the acquiring company transfer opportunities will be available to other 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.
