Rexnord Corporation is a Milwaukee, Wisconsin-based subsidiary of Regal Rexnord Corporation. It was founded in 1891 by Christopher Levalley and incorporated in 1892 as the Chain Belt Company. It had "$67.5 million in profit and $1.9 billion in sales" in 2016.[1] The company was the focus of a critical investigation by the New York Times, as a Milwaukee-based facility was to be moved from the US to Mexico in 2017.[2]
Rexnord was founded as the Chain Belt Company by inventor Christopher W. Levalley at the age of 58. Levalley, along with Chain Belt co-founders F.W. Sivyer and W.A. Draves, held the first board of directors meeting on September 9, 1891. Chain Belt was incorporated in the state of Wisconsin on February 24, 1892.[citation needed]
Rexnord Corporations consists of two main divisions: Process and Motion Control (which focuses on industrial drives, gears, bearings, conveying systems, electronic controls, and associated software, as well as airplane mechanical parts), and Water Management (which is focused on plumbing components and related appurtenances for commercial, industrial, municipal, and institutional settings).
In 2016, Rexnord opened its new Water Management platform headquarters in Milwaukee, Wisconsin.[3]
In December 2016, President-elect Donald Trump criticized the company for closing its Indianapolis operations, leaving all 300+ employees at the facility without jobs, as they moved the facility to Monterey Mexico to capitalize on the cheap labor available in the region.
In April 2021, Rexnord completed the spin-off of its Water Management Division as Zurn Water Solutions Corporation.[4]
^"Regal to Combine With Rexnord's PMC Segment, Creating World-class Power Transmission Provider". investors.zurnwatersolutions.com. 2021-02-16. Retrieved 2022-03-22.
January 01, 1970
rexnord, corporation, milwaukee, wisconsin, based, subsidiary, regal, founded, 1891, christopher, levalley, incorporated, 1892, chain, belt, company, million, profit, billion, sales, 2016, company, focus, critical, investigation, york, times, milwaukee, based,. Rexnord Corporation is a Milwaukee Wisconsin based subsidiary of Regal Rexnord Corporation It was founded in 1891 by Christopher Levalley and incorporated in 1892 as the Chain Belt Company It had 67 5 million in profit and 1 9 billion in sales in 2016 1 The company was the focus of a critical investigation by the New York Times as a Milwaukee based facility was to be moved from the US to Mexico in 2017 2 Rexnord CorporationCompany typeSubsidiaryFounded1891 133 years ago 1891 FounderChristopher LevalleyHeadquarters511 W Freshwater Way Milwaukee United StatesOwnerRegal Rexnord CorporationNumber of employees8 000 2016 1 Websitehttps www regalrexnord com History editRexnord was founded as the Chain Belt Company by inventor Christopher W Levalley at the age of 58 Levalley along with Chain Belt co founders F W Sivyer and W A Draves held the first board of directors meeting on September 9 1891 Chain Belt was incorporated in the state of Wisconsin on February 24 1892 citation needed Rexnord Corporations consists of two main divisions Process and Motion Control which focuses on industrial drives gears bearings conveying systems electronic controls and associated software as well as airplane mechanical parts and Water Management which is focused on plumbing components and related appurtenances for commercial industrial municipal and institutional settings In 2016 Rexnord opened its new Water Management platform headquarters in Milwaukee Wisconsin 3 In December 2016 President elect Donald Trump criticized the company for closing its Indianapolis operations leaving all 300 employees at the facility without jobs as they moved the facility to Monterey Mexico to capitalize on the cheap labor available in the region In April 2021 Rexnord completed the spin off of its Water Management Division as Zurn Water Solutions Corporation 4 In October 2021 Rexnord completed its merger with Regal Beloit Corporation creating Regal Rexnord Corporation 5 6 References edit a b Barrett Rick December 9 2016 Rexnord workers caught in Trump vs union war of words USA Today Retrieved 2016 12 10 Stockman Farah 14 October 2017 Becoming a Steelworker Liberated Her Then Her Job Moved to Mexico The New York Times Zurn Opens New Headquarters Milwaukee Journal Sentinel Retrieved 1 January 2017 Zurn Water Solutions Completes Spin Off investors zurnwatersolutions com retrieved 2021 10 10 2021 Regal completes merger with Rexnord PMC creating Regal Rexnord Corporation Electronics360 globalspec com 2021 10 07 Retrieved 2021 10 08 Regal to Combine With Rexnord s PMC Segment Creating World class Power Transmission Provider investors zurnwatersolutions com 2021 02 16 Retrieved 2022 03 22 Retrieved from https en wikipedia org w index php title Rexnord Corporation amp oldid 1199098484, wikipedia, wiki, book, books, library,
